Transaction in Own Shares

Rhea-AI Summary

Diversified Energy Company (NYSE:DEC) announced a buyback under its program dated March 20, 2025, purchasing 54,459 shares on December 26, 2025 at a volume-weighted average price of $14.2973 per share through Mizuho Securities USA LLC.

The acquired shares will be cancelled; after cancellation the company will have 79,073,148 shares outstanding with no treasury shares. The release includes a detailed trade schedule showing per-venue fills and the daily low/high prices (lowest $14.28; highest $14.30).

Key Figures

Shares repurchased 54,459 shares Buyback on December 26, 2025

Par value $0.01 per share Common stock par value

VWAP repurchase price $14.2973 per share Volume-weighted average price paid in buyback

Lowest repurchase price $14.28 per share Lowest price paid in December 26, 2025 buyback

Highest repurchase price $14.30 per share Highest price paid in December 26, 2025 buyback

Shares outstanding post-cancellation 79,073,148 shares Common stock in issue after cancelling repurchased shares

Current share price $14.27 Pre-news market price for DEC

20-day average volume 662,612 shares Pre-news trading liquidity benchmark

Market Reality Check

$14.27 Last Close

Volume Volume 203,621 vs 20-day average 662,612 (relative volume 0.31) indicates subdued trading ahead of this update. low

Technical Shares traded at $14.27, modestly above the $14.07 200-day moving average, suggesting a slightly positive longer-term trend pre-news.

Peers on Argus

Among key peers, moves were mixed: CRGY (-0.24%), TGS (-0.99%), NFG (-0.72%), SLNG (-0.23%), while CVE rose 0.24%. This points to stock-specific rather than broad sector-driven dynamics around DEC.

Historical Context

Date	Event	Sentiment	Move	Catalyst
Dec 24	Share buyback update	Neutral	-0.2%	Routine disclosure of 54,988-share repurchase and updated outstanding share count.
Dec 23	Share buyback update	Neutral	+3.3%	Announcement of 103,367 shares bought under ongoing buyback with VWAP disclosure.
Dec 22	Share buyback update	Neutral	+2.1%	Report of 151,859 shares repurchased and post-cancellation share count.
Dec 19	Share buyback update	Neutral	-0.5%	Update on 122,657 shares purchased with VWAP and FCA denominator guidance.
Dec 18	Share buyback update	Neutral	-2.1%	Disclosure of 36,320-share buyback and expected outstanding share total.

Pattern Detected

Recent buyback announcements have triggered mostly modest, mixed price reactions, without a consistent directional pattern.

Recent Company History

Over the past weeks, Diversified Energy has repeatedly reported daily purchases under its March 20, 2025 buyback program, with volumes ranging from 36,320 to 151,859 shares and volume-weighted prices clustered around the high $13 level. Each update confirmed cancellation of the repurchased shares and incremental reductions in shares outstanding from above 80M to just over 79M. Price reactions to these neutral, mechanical buyback disclosures have been small and mixed, suggesting the market has generally treated them as routine capital management rather than major new catalysts.

Market Pulse Summary

This announcement details another scheduled share repurchase under the March 20, 2025 buyback program, with 54,459 shares bought around a VWAP of $14.2973 and earmarked for cancellation, leaving 79,073,148 shares outstanding. It follows a series of similar December updates that gradually reduced the share count. Investors may focus on the pace and total scale of repurchases, trading liquidity versus the 662,612 average volume, and how these capital management actions interact with broader company news.

Key Terms

volume-weighted average price financial

"purchased 54,459 shares ... at a volume-weighted average price of $14.2973 per Share"

Volume-weighted average price (VWAP) is the average price of a stock over a specific time period where each trade is weighted by the number of shares traded, so larger trades influence the average more than small ones. Investors and traders use VWAP as a reference point to judge whether trades are happening at relatively good or poor prices—like checking the average price paid for an item at a market where bulk purchases count more than single-item buys.

treasury financial

"no shares of common stock is held in treasury"

The treasury is the department or area within a government or organization responsible for managing its money, finances, and financial strategies. It handles tasks like collecting revenue, paying bills, and planning for future financial needs, much like a household manages its budget. For investors, understanding the treasury is important because it influences interest rates, government spending, and overall economic stability.

Disclosure Guidance and Transparency Rules regulatory

"under the FCA's Disclosure Guidance and Transparency Rules"

Disclosure guidance and transparency rules are the standards and regulations that require companies to share clear, timely information about their finances, risks, operations and material events. They matter to investors because consistent, honest reporting is like a car’s dashboard — it reveals the data you need to judge safety and performance and make informed buying or selling decisions. Strong disclosure reduces surprises and helps keep markets fair and efficient.

Market Abuse Regulation regulatory

"In accordance with Article 5(1)(b) of Regulation (EU) No 596/2014 (the Market Abuse Regulation)"

Market abuse regulation consists of laws and rules designed to prevent dishonest or manipulative practices in financial markets. It aims to ensure fair and transparent trading, so investors can trust that markets operate honestly, much like rules that keep a game fair. By reducing unfair advantages, it helps protect investor confidence and promotes healthy, efficient markets.

AI-generated analysis. Not financial advice.

DIVERSIFIED ENERGY COMPANY

("Diversified", or the "Company")

BIRMINGHAM, Ala., Dec. 29, 2025 (GLOBE NEWSWIRE) --  DIVERSIFIED ENERGY COMPANY (NYSE:DEC; LSE:DEC) announces that, in accordance with the terms of its share buyback program announced on March 20, 2025, the Company has purchased 54,459 shares of common stock, par value $0.01 per share of the Company (the "Shares") in the market at a volume-weighted average price of $14.2973 per Share through Mizuho Securities USA LLC (MSUSA). The Shares acquired will, in due course, be cancelled.

Aggregated Information

Date of Purchase:	December 26, 2025
Aggregate Number of Shares Purchased:	54,459
Lowest Price Paid per Share (USD):	14.28
Highest Price Paid per Share (USD):	14.30
Volume-Weighted Average Price Paid per Share (USD):	14.2973

Following the cancellation of Shares, Diversified will have 79,073,148 shares of common stock, in issue and no shares of common stock is held in treasury. This figure of 79,073,148 may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.

In accordance with Article 5(1)(b) of Regulation (EU) No 596/2014 (the Market Abuse Regulation), (as in force in the UK and as amended by the Market Abuse (Amendment) (EU Exit) Regulations 2019), the table below contains detailed information of the individual trades made by Mizuho Securities USA LLC as part of the buyback program.

Schedule of Purchases

Aggregate number of ordinary shares acquired	Daily volume weighted average price paid		Daily highest price paid per share		Daily lowest price per share		Trading Venue
621	$85.7500		$14.30		$14.29		ARCX
677	$228.8000		$14.30		$14.30		ASPN
3,723	$471.8925		$14.30		$14.30		BAML
200	$14.2975		$14.30		$14.30		BARX
795	$185.8900		$14.30		$14.29		BATS
622	$257.3300		$14.30		$14.28		BATY
2,324	$28.5950		$14.30		$14.30		BIDS
10	$28.6000		$14.30		$14.30		BNPC
400	$57.2000		$14.30		$14.30		EDGA
4,025	$285.9700		$14.30		$14.29		EDGX
5	$14.3000		$14.30		$14.30		ICBX
12,512	$4,289.3650		$14.30		$14.29		IEXG
100	$14.3000		$14.30		$14.30		ITGI
1,877	$85.7875		$14.30		$14.29		JPMX
8,800	$14.2900		$14.29		$14.29		JSJX
944	$57.1975		$14.30		$14.30		LEVL
200	$14.3000		$14.30		$14.30		MSPL
2,509	$114.3950		$14.30		$14.30		SGMT
3,141	$200.1950		$14.30		$14.30		UBSA
546	$42.8950		$14.30		$14.30		VFMI
500	$128.7000		$14.30		$14.30		XBOS
6,081	$629.0900		$14.30		$14.29		XNAS
3,847	$686.3500		$14.30		$14.29		XNYS

For further information, please contact:

Diversified Energy Company	+1 973 856 2757
Doug Kris	dkris@dgoc.com
Senior Vice President, Investor Relations & Corporate Communications	www.div.energy

About Diversified Energy Company 

Diversified is a leading publicly traded energy company focused on acquiring, operating, and optimizing cash generating energy assets. Through our differentiated strategy, we acquire existing, long-life assets and invest in them to improve environmental and operational performance until retiring those assets in a safe and environmentally secure manner. Recognized by ratings agencies and organizations for our sustainability leadership, this solutions-oriented, stewardship approach makes Diversified the Right Company at the Right Time to responsibly produce energy, deliver reliable free cash flow, and generate shareholder value.

FAQ

How many shares did Diversified Energy (DEC) buy on December 26, 2025?

Diversified Energy purchased 54,459 shares on December 26, 2025.

What was the volume-weighted average price (VWAP) paid by DEC on the December 26, 2025 buyback?

The VWAP was $14.2973 per share.

Will the shares repurchased by DEC be cancelled or held in treasury?

The repurchased shares will be cancelled, and the company will hold no treasury shares.

What is Diversified Energy's (DEC) total shares outstanding after the cancellation?

After cancellation, Diversified Energy will have 79,073,148 shares outstanding.

Where can shareholders use the 79,073,148 figure for regulatory calculations?

Shareholders may use 79,073,148 as the denominator for FCA Disclosure Guidance and Transparency Rules notification calculations.

Who executed DEC's buyback trades and where can I find the trade-level details?

Mizuho Securities USA LLC executed the trades; detailed per-venue trade information is included in the announcement showing fills and daily prices.