Transaction in Own Shares
- Company demonstrates confidence in its stock value through share buyback program
- Share buyback reduces total shares outstanding, potentially increasing earnings per share
- Company has sufficient cash flow to fund share repurchases
- Reduction in cash reserves that could have been used for operations or growth
- Decreased market float and potentially reduced trading liquidity
Insights
DEC continues modest share buyback program, reducing outstanding shares by 0.08% - a routine capital return mechanism with minimal immediate impact.
Diversified Energy Company has continued executing its share buyback program, purchasing 61,908 ordinary shares at a volume-weighted average price of
The mechanics of this transaction reveal a disciplined approach to capital return. The purchases occurred across 24 different trading venues with minimal price variation (ranging from
This transaction represents the continued implementation of DEC's buyback program announced on March 20, 2025, rather than a new strategic initiative. The modest size of this specific repurchase suggests a measured, ongoing approach to shareholder returns rather than an aggressive capital deployment strategy.
From a corporate finance perspective, share buybacks serve multiple functions: they return capital to shareholders, potentially improve per-share metrics through share count reduction, and represent one option in a company's capital allocation toolkit. In DEC's case, the scale of this specific repurchase is too small to materially impact financial metrics in the near term.
For investors tracking DEC, this announcement primarily confirms the continuation of an established capital return mechanism rather than signaling a significant shift in strategy. The company's operational focus remains on its core business of natural gas and liquids production, with an emphasis on acquiring and optimizing long-life assets.
DIVERSIFIED ENERGY COMPANY PLC
("Diversified", or the "Company")
DIVERSIFIED ENERGY COMPANY PLC (LSE:DEC, NYSE:DEC) announces that, in accordance with the terms of its share buyback programme announced on 20 March 2025, the Company has purchased 61,908 Ordinary Shares of 20 Pence each in the capital of the Company (the "Shares") in the market at a volume-weighted average price of
Aggregated Information
| Date of Purchase: | 6 May 2025 |
| Aggregate Number of Ordinary Shares Purchased: | 61,908 |
| Lowest Price Paid per Share (USD): | 12.76 |
| Highest Price Paid per Share (USD): | 13.00 |
| Volume-Weighted Average Price Paid per Share (USD): | 12.9608 |
Following the cancellation of Shares, Diversified will have 79,797,289 Ordinary Shares of 20 Pence each in issue and no Ordinary Shares are held in treasury. This figure of 79,797,289 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 programme.
Schedule of Purchases
| Shares purchased: | DIVERSIFIED ENERGY COMPANY PLC (ISIN: GB00BQHP5P93) |
| Dates of purchases: | 6 May 2025 |
| Investment firm: | Mizuho Securities USA LLC |
| 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 | |||
| 4,860 | $12.9373 | $13.00 | $12.78 | ARCX | |||
| 2,457 | $12.9715 | $13.00 | $12.80 | ASPN | |||
| 902 | $12.9467 | $13.00 | $12.80 | BAML | |||
| 2,210 | $12.9745 | $13.00 | $12.77 | BATS | |||
| 2,610 | $12.9655 | $13.00 | $12.78 | BATY | |||
| 100 | $12.7800 | $12.78 | $12.78 | BNPC | |||
| 873 | $12.9808 | $13.00 | $12.84 | EDGA | |||
| 1,010 | $12.9529 | $13.00 | $12.80 | EDGX | |||
| 800 | $12.9000 | $13.00 | $12.80 | HRTF | |||
| 400 | $12.9000 | $13.00 | $12.80 | ICBX | |||
| 21,630 | $12.9534 | $13.00 | $12.76 | IEXG | |||
| 391 | $12.9267 | $13.00 | $12.78 | ITGI | |||
| 1,353 | $12.9487 | $13.00 | $12.80 | JPMX | |||
| 985 | $12.9900 | $13.00 | $12.95 | JSJX | |||
| 300 | $12.9883 | $13.00 | $12.97 | LEVL | |||
| 58 | $12.8850 | $12.97 | $12.80 | MEMX | |||
| 1,638 | $12.9881 | $13.00 | $12.83 | SGMT | |||
| 3,765 | $12.9733 | $13.00 | $12.80 | UBSA | |||
| 314 | $12.8900 | $12.99 | $12.79 | VFMI | |||
| 1,225 | $12.9700 | $13.00 | $12.81 | XBOS | |||
| 212 | $12.9986 | $13.00 | $12.99 | XCIS | |||
| 10,415 | $12.9505 | $13.00 | $12.76 | XNAS | |||
| 3,399 | $12.9556 | $13.00 | $12.80 | XNYS | |||
| 1 | $12.9900 | $12.99 | $12.99 | XPSX | |||
| Trading venue | Currency | Volume Weighted Average Price | Aggregated volume | ||||
| NYSE | USD | $12.9608 | 61,908 | ||||
For further information, please contact:
| Diversified Energy Company PLC | +1 973 856 2757 |
| Doug Kris | dkris@dgoc.com |
| Senior Vice President, Investor Relations & Corporate Communications | www.div.energy |
About Diversified Energy Company PLC
Diversified is a leading publicly traded energy company focused on natural gas and liquids production, transport, marketing, and well retirement. 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 DEC buy back on May 6, 2025?
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