Transaction in Own Shares

Rhea-AI Summary

Diversified Energy Company (NYSE:DEC) bought 158,447 shares on 16 December 2025 under its buyback programme at a volume-weighted average price of $13.7436 per share through Mizuho Securities USA LLC.

The Company reported a daily price range of $13.595–$13.94, and said the acquired shares will be cancelled. After cancellation, Diversified will have 80,164,402 shares outstanding and no treasury shares—this figure is the denominator for FCA Disclosure Guidance and Transparency Rules notifications.

Positive

• Shares repurchased: 158,447 on 16 Dec 2025
• VWAP of buyback: $13.7436 per share
• Outstanding shares after cancellation: 80,164,402
• No treasury shares remain after cancellation

Negative

• Estimated cash used for buyback: approximately $2.18M
• Repurchase size is limited: 158,447 shares may be immaterial vs. total float

Key Figures

Shares repurchased 158,447 shares Buyback on December 16, 2025

VWAP repurchase price $13.7436 per share Volume-weighted average price on repurchase date

Lowest repurchase price $13.595 per share Buyback session low

Highest repurchase price $13.94 per share Buyback session high

Shares outstanding post-cancel 80,164,402 shares Common stock in issue after cancellation

Par value $0.01 per share Common stock par value

Market Reality Check

$14.07 Last Close

Volume Volume 605,117 is slightly below 20-day average 647,599 (relative activity 0.93x). normal

Technical Pre-news price 13.61 was trading below the 200-day MA of 13.98.

Peers on Argus

Several energy peers were down alongside DEC’s -0.95% move, including CRGY -3.95%, CVE -3.55%, TGS -1.57%, and NFG -1.28%, while SLNG rose 2%, suggesting mixed but generally weak sector sentiment rather than a DEC-specific move.

Historical Context

Date	Event	Sentiment	Move	Catalyst
Dec 04	Major holding notice	Neutral	+0.9%	TR-1 filing showing Ameriprise reduced its voting interest below 5%.
Dec 03	Acquisition financing	Positive	+2.7%	Completed <b>$400 million</b> ABS to fund Canvas Energy acquisition.
Nov 24	Acquisition completion	Positive	+1.3%	Closed Canvas Energy deal adding production, acreage, and new shares.
Nov 21	Scheme approval	Positive	+2.1%	Court sanctioned scheme to create Delaware parent and shift NYSE listing.
Nov 19	Prospectus publication	Neutral	-1.8%	FCA-approved prospectus for LSE admission under new listing structure.

Pattern Detected

Recent corporate and financing announcements have generally coincided with positive single-day price reactions, even when involving structural or ownership changes.

Recent Company History

Over the last month, Diversified Energy reported several capital structure and listing-related developments. The Canvas Energy acquisition and its $400 million ABS financing both saw positive next-day reactions. Court approval of the new Delaware parent and a shift toward a NYSE primary listing also aligned with gains. A TR-1 filing on Ameriprise’s reduced stake had a modest positive impact, while publication of an FCA prospectus coincided with a small decline. Today’s buyback fits into this pattern of active balance sheet and equity management.

Market Pulse Summary

This announcement details execution under Diversified’s share buyback program, with 158,447 shares repurchased at a volume-weighted average price of $13.7436 and scheduled for cancellation, leaving 80,164,402 shares outstanding. It follows a series of capital structure and listing changes, including the Canvas Energy acquisition and NYSE-focused reorganization. Investors may focus on the pace of future repurchases, overall capital allocation versus growth projects, and further regulatory or financing updates.

Key Terms

volume-weighted average price technical

"in the market at a volume-weighted average price of $13.7436 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.

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.

isin technical

"Shares purchased: | DIVERSIFIED ENERGY COMPANY (ISIN: US25520W1071)"

A 12-character International Securities Identification Number (ISIN) is a unique code that acts like a passport for a specific stock, bond or other tradable security so it can be identified worldwide. Investors and systems use it to ensure they are buying, selling and tracking the exact same instrument across exchanges and data feeds, which prevents costly mix-ups and makes portfolio reporting, settlement and regulatory checks simpler and more reliable.

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.

AI-generated analysis. Not financial advice.

DIVERSIFIED ENERGY COMPANY

("Diversified", or the "Company")

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 158,447 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 $13.7436 per Share through Mizuho Securities USA LLC (MSUSA). The Shares acquired will, in due course, be cancelled.

Aggregated Information

Date of Purchase:	December 16, 2025
Aggregate Number of Shares Purchased:	158,447
Lowest Price Paid per Share (USD):	13.595
Highest Price Paid per Share (USD):	13.94
Volume-Weighted Average Price Paid per Share (USD):	13.7436

Following the cancellation of Shares, Diversified will have 80,164,402 shares of common stock in issue and no shares of common stock held in treasury. This figure of 80,164,402 shares 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

Shares purchased:	DIVERSIFIED ENERGY COMPANY (ISIN: US25520W1071)
Dates of purchases:	16 December 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
4,942	$13.7298		$13.85		$13.62	ARCX
608	$13.7138		$13.79		$13.62	ASPN
500	$13.7342		$13.78		$13.67	BAML
983	$13.7406		$13.85		$13.60	BATS
981	$13.7563		$13.90		$13.66	BATY
256	$13.7150		$13.82		$13.67	EDGA
1,574	$13.7505		$13.85		$13.61	EDGX
116,239	$13.7428		$13.94		$13.60	IEXG
1,853	$13.7086		$13.79		$13.63	JPMX
3,733	$13.7180		$13.81		$13.66	JSJX
3,000	$13.7850		$13.79		$13.78	LEVL
139	$13.6780		$13.71		$13.62	SGMT
7,068	$13.7471		$13.90		$13.62	UBSA
500	$13.7338		$13.92		$13.69	XBOS
299	$13.7875		$13.82		$13.73	XCIS
8,593	$13.7516		$13.92		$13.61	XNAS
7,179	$13.7279		$13.90		$13.60	XNYS
Trading venue	Currency
NYSE	USD		$13.7436		158,447

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

What did Diversified Energy (DEC) announce on December 17, 2025 about share repurchases?

DEC announced it bought 158,447 shares on 16 Dec 2025 at a VWAP of $13.7436, to be cancelled.

How many shares will Diversified Energy (DEC) have outstanding after the buyback cancellation?

After cancellation Diversified will have 80,164,402 shares of common stock outstanding.

What price range did Diversified Energy (DEC) pay for shares on 16 Dec 2025?

The reported daily prices ranged from $13.595 to $13.94, with a VWAP of $13.7436.

Which broker executed Diversified Energy's (DEC) buyback trades on 16 Dec 2025?

Trades were executed through Mizuho Securities USA LLC across multiple trading venues.

Will the shares repurchased by Diversified Energy (DEC) be cancelled or held as treasury shares?

The shares acquired will be cancelled, and the Company reports no treasury shares remain.

How much cash did Diversified Energy (DEC) approximately spend on the 16 Dec 2025 buyback?

Based on the VWAP, the buyback used approximately $2.18 million in cash.