Transaction in Own Shares
Rhea-AI Summary
Diversified Energy Company (NYSE: DEC) repurchased 300,000 common shares in the market on March 18, 2026 at a volume-weighted average price of $14.20 per share through Morgan Stanley & Co. LLC.
The repurchased shares will be cancelled, leaving 72,305,682 shares in issue and no shares held in treasury. Shareholders may use this post-cancellation figure for FCA Disclosure Guidance and Transparency Rules notification calculations.
Positive
- None.
Negative
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News Market Reaction – DEC
On the day this news was published, DEC gained 8.22%, reflecting a notable positive market reaction. Argus tracked a peak move of +3.6% during that session. Our momentum scanner triggered 33 alerts that day, indicating elevated trading interest and price volatility. This price movement added approximately $94M to the company's valuation, bringing the market cap to $1.23B at that time. Trading volume was above average at 1.7x the daily average, suggesting increased trading activity.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Market Reality Check
Peers on Argus
DEC gained 2.96% while peers were mixed: CRGY +1.55%, TGS +1.22%, CVE +0.89% versus NFG -1.01% and SLNG -1.8%, suggesting a stock-specific reaction to the buyback.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Mar 12 | Dividend declaration | Positive | -0.4% | Announced Q3 2025 dividend of $0.29 per share with FX election. |
| Mar 11 | Share repurchase | Positive | +1.8% | Repurchased 3,750,000 shares at $14.311 under buyback linked to EIG sale. |
| Mar 09 | Secondary offering | Negative | -3.3% | Priced 7,501,585-share secondary; company to repurchase part from underwriter. |
| Mar 09 | Offering announcement | Negative | -3.3% | Proposed secondary offering of 7,501,585 shares by EIG-managed funds. |
| Mar 05 | TR-1 notification | Neutral | -0.2% | Barclays PLC reported a holdings threshold crossing at 5.26% total voting rights. |
Recent capital markets actions (secondary offering plus multiple buyback executions) have generally seen price moves align with the perceived positive or negative tone of each announcement.
Over the last few weeks, Diversified Energy has focused on capital structure moves. A Q3 2025 dividend of $0.29 per share was set for payment on March 31, 2026. On March 9, 2026, a secondary offering of 7,501,585 shares, with potential repurchase of up to 3,900,000 shares, coincided with a -3.33% move. Subsequent buyback execution of 3,750,000 shares at $14.311 on March 10 aligned with a +1.83% reaction. A TR‑1 holdings notice from Barclays and the new 300,000-share buyback trade fit this ongoing ownership and capital rebalancing theme.
Regulatory & Risk Context
An effective Form S-3ASR filed on March 9, 2026 registers resale of 7,501,585 existing shares tied to the U.S. domestication and Maverick acquisition. The shares are offered by selling stockholders, and the company will receive no proceeds, so the shelf primarily facilitates liquidity for those holders rather than new primary issuance.
Market Pulse Summary
The stock moved +8.2% in the session following this news. A strong positive reaction aligns with the company’s ongoing capital management, including the 300,000-share repurchase at $14.20 and prior buybacks linked to the recent secondary. History shows offerings and repurchases have driven aligned price moves. Investors may weigh this against the active Form S-3ASR resale shelf, which enables shareholder liquidity but provides no proceeds to the company.
Key Terms
volume-weighted average price financial
disclosure guidance and transparency rules regulatory
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 announced on February 26, 2026, the Company has purchased 300,000 shares of common stock, par value
Aggregated Information
| Date of Purchase: | March 18, 2026 | |
| Aggregate Number of Shares Purchased: | 300,000 | |
| Lowest Price Paid per Share (USD): | ||
| Highest Price Paid per Share (USD): | ||
| Volume-Weighted Average Price Paid per Share (USD): | ||
Following the cancellation of Shares, Diversified will have 72,305,682 Shares in issue, and no Shares are held in treasury. This figure of 72,305,682 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.
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) repurchase on March 18, 2026?
What is the impact of the March 18, 2026 buyback on DEC's shares outstanding?
At what price did Diversified Energy (DEC) purchase the shares on March 18, 2026?
Will the repurchased DEC shares be cancelled or held in treasury?
How can DEC shareholders use the new shares in issue figure for FCA rules?
