Transaction in Own Shares

Rhea-AI Summary

Diversified Energy Company (NYSE:DEC) announced a market purchase of 103,367 shares on December 22, 2025 under its buyback program announced on March 20, 2025. The shares were bought through Mizuho Securities USA LLC at a volume-weighted average price of $13.9938 per share and will be cancelled in due course.

After cancellation, Diversified will have 79,182,595 shares outstanding and no treasury shares; that figure can be used as the denominator for FCA Disclosure Guidance and Transparency Rules notifications. A detailed trade schedule and venue-level prices were disclosed, with daily highs at $14.00 and lows at $13.93.

Key Figures

Shares repurchased 103,367 shares Buyback on December 22, 2025 under March 20, 2025 program

VWAP repurchase price $13.9938 per share Volume-weighted average price paid for 103,367 shares

Lowest repurchase price $13.93 per share Lowest price paid in December 22, 2025 transactions

Highest repurchase price $14.00 per share Highest price paid in December 22, 2025 transactions

Shares outstanding post-cancel 79,182,595 shares Common shares in issue after cancellation of repurchased shares

Par value $0.01 per share Par value of Diversified Energy common stock

Current share price $14.00 Pre-news price in market context vs recent buyback levels

52-week range $10.08 – $17.70 52-week low and high before this announcement

Market Reality Check

$14.43 Last Close

Volume Volume 362,004 is below the 20-day average of 699,383 (relative activity 0.52x). low

Technical Price at $14.00 sits slightly below the 200-day MA of $14.02, per the technical flag.

Peers on Argus

DEC gained 2.12% while key peers were mixed: NFG +1.23% but TGS -2.39%, SLNG -1.68%, CVE -0.65%, CRGY -0.12%, indicating stock-specific factors around the buyback.

Historical Context

Date	Event	Sentiment	Move	Catalyst
Dec 19	Share buyback	Positive	-0.5%	Announced purchase of 122,657 shares on Dec 18, 2025 for cancellation.
Dec 18	Share buyback	Positive	-2.1%	Reported 36,320 shares repurchased on Dec 17, 2025 under buyback program.
Dec 17	Share buyback	Positive	+3.4%	Disclosed 158,447 shares bought on Dec 16, 2025 for cancellation.
Dec 16	Share buyback	Positive	-0.9%	Announced 122,944 shares repurchased on Dec 15, 2025 at VWAP $13.7447.
Dec 16	Dividend declaration	Positive	-0.9%	Q2 2025 dividend of $0.29 per share with GBP equivalent rate disclosed.

Pattern Detected

Recent buyback and dividend announcements have often seen price moves counter to the positive nature of the news, with 4 divergences versus 1 aligned reaction over the last five events.

Recent Company History

Over the past week, Diversified Energy has repeatedly reported daily share repurchases under its March 20, 2025 buyback program, retiring blocks of between 36,320 and 158,447 shares and steadily reducing shares outstanding from over 80.3M to below 79.5M. A Q2 2025 dividend of $0.29 per share, payable on December 31, 2025, also features in recent news. Today’s additional repurchase continues this capital return and share count reduction pattern.

Market Pulse Summary

This announcement details another tranche of share repurchases under the March 20, 2025 program, with 103,367 shares bought around a VWAP of $13.9938 and earmarked for cancellation, leaving 79,182,595 shares outstanding. It continues a pattern of frequent buyback disclosures and complements a previously declared $0.29 per-share Q2 2025 dividend. Investors may watch ongoing repurchase volumes, execution prices versus the 52-week range, and future capital allocation updates.

Key Terms

volume-weighted average price financial

"at a volume-weighted average price of $13.9938 per Share through Mizuho"

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 shares financial

"no shares of common stock is held in treasury"

Treasury shares are a company’s own stock that it has repurchased and keeps on its books instead of canceling or leaving in the hands of outside investors. Think of them like coupons a business puts back in a drawer: they don’t vote or receive dividends while held, but they can be reissued later for employee pay or fundraising. For investors this matters because buybacks change the number of shares that count toward earnings and ownership, can boost per‑share metrics, and use corporate cash that might otherwise go to growth or dividends.

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 103,367 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 $13.9938 per Share through Mizuho Securities USA LLC (MSUSA). The Shares acquired will, in due course, be cancelled.

Aggregated Information

Date of Purchase:	December 22, 2025
Aggregate Number of Shares Purchased:	103,367
Lowest Price Paid per Share (USD):	13.93
Highest Price Paid per Share (USD):	14.00
Volume-Weighted Average Price Paid per Share (USD):	13.9938

Following the cancellation of Shares, Diversified will have 79,182,595 shares of common stock, in issue and no shares of common stock is held in treasury. This figure of 79,182,595 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
4,592	$13.9920		$14.00		$13.95		ARCX
4,384	$13.9945		$14.00		$13.97		ASPN
3,533	$13.9950		$14.00		$13.99		BAML
5,356	$13.9985		$14.00		$13.99		BATS
2,804	$13.9888		$14.00		$13.93		BATY
1,636	$13.9900		$13.99		$13.99		BIDS
900	$13.9933		$14.00		$13.98		EDGA
9,026	$13.9966		$14.00		$13.98		EDGX
37,097	$13.9919		$14.00		$13.95		IEXG
10,531	$13.9935		$14.00		$13.97		JPMX
250	$13.9950		$14.00		$13.99		LEVL
59	$13.9980		$14.00		$13.99		MEMX
2,100	$14.0000		$14.00		$14.00		MSPL
1,083	$13.9935		$14.00		$13.98		SGMT
6,732	$13.9951		$14.00		$13.97		UBSA
1,207	$13.9774		$14.00		$13.96		XBOS
400	$13.9967		$14.00		$13.99		XCIS
3,914	$13.9909		$14.00		$13.96		XNAS
7,763	$13.9927		$14.00		$13.93		XNYS
Trading venue	Currency
NYSE	USD		$13.9938		103,367

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 December 22, 2025?

Diversified repurchased 103,367 shares on December 22, 2025.

What was the volume-weighted average price (VWAP) paid by DEC for the December 22, 2025 buyback?

The VWAP paid was $13.9938 per share.

How many Diversified Energy (DEC) shares will be outstanding after the cancelled buyback?

After cancellation, Diversified will have 79,182,595 shares outstanding.

Which broker executed Diversified Energy's (DEC) December 22, 2025 share purchases?

The shares were purchased through Mizuho Securities USA LLC.

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

The repurchased shares will be cancelled and no shares will be held in treasury.

Where can investors find the detailed trade-by-trade prices for DEC's buyback on December 22, 2025?

The company disclosed a schedule of individual trades and venues including daily VWAPs, highs and lows for the December 22, 2025 purchases.