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Diversified Energy (NYSE:DEC) has announced the pricing of a secondary offering by selling stockholders including EIG, FS/EIG Advisor, LLC, and FS/KKR Advisor, LLC. The offering consists of 5,713,353 ordinary shares priced at $13.75 per share, with an additional 30-day option for underwriters to purchase up to 857,002 shares.
The Diversified Employee Benefit Trust has expressed interest in purchasing 750,000 shares at the public offering price, totaling $10,312,500. This transaction is considered a related party transaction due to EIG's association with Diversified director Randy Wade. The offering is expected to settle on September 18, 2025. Mizuho, Raymond James, and Citigroup are serving as joint book-running managers.
The company will not receive any proceeds from the offering as all shares are being sold by existing stockholders.Diversified Energy Company PLC (NYSE: DEC) has announced a secondary offering of 5,713,353 ordinary shares by its Selling Stockholders, including funds managed by EIG, FS/EIG Advisor, LLC, and FS/KKR Advisor, LLC.
The underwriters will have a 30-day option to purchase up to an additional 857,002 ordinary shares. The Diversified Employee Benefit Trust has expressed interest in purchasing up to 750,000 shares at the public offering price. Mizuho, Raymond James, and Citigroup are serving as joint book-running managers for the offering.
Importantly, DEC will not receive any proceeds from this secondary offering as all net proceeds will go to the Selling Stockholders.
Diversified Energy Company PLC (NYSE:DEC) has agreed to acquire Canvas Energy for $550 million, significantly expanding its Oklahoma operations. The acquisition will add ~147 MMcfepd (24 Mboepd) of current net production, representing a 13% increase to Diversified's standalone production.
The deal features high EBITDA margins of ~70% and is expected to contribute $155 million in Next Twelve Months (NTM) Adjusted EBITDA. The acquisition will drive an 18% increase in Adjusted EBITDA and 29% increase in Free Cash Flow. The purchase includes ~23 high-quality wells and complementary acreage in Major, Kingfisher, and Canadian Counties.
The transaction will be funded through a $400 million asset-backed securitization originated by Carlyle, issuance of ~3.4 million Diversified shares to the seller, and existing liquidity. The deal is expected to close in Q4 2025.
Diversified Energy Company (NYSE:DEC) announced changes to its Board of Directors. Sandra Stash will resign from the Board effective August 12, 2025, after serving since 2019. Following her departure, David Turner will assume the role of Senior Independent Director, Kathryn Klaber will become chair of the Sustainability Committee, and Martin Thomas will join the Audit & Risk Committee.
The company's Nomination Committee remains committed to maintaining a diverse and experienced board to support its long-term objectives. Ms. Stash departs on good terms, expressing her continued support as a shareholder.
Diversified Energy (NYSE:DEC) reported strong Q2 2025 results, with production reaching 1,149 MMcfepd (192 Mboepd) and total revenue of $510 million. The company achieved Adjusted EBITDA of $280 million and Free Cash Flow of $88 million in Q2.
Key highlights include increased synergy targets to $60 million from the Maverick acquisition integration, a new $2 billion strategic partnership with Carlyle for PDP asset investments, and $70 million in cash flow from portfolio optimization. The company has returned over $105 million to shareholders year-to-date through dividends and share repurchases.
Production mix stands at 73% natural gas, 13% NGLs, and 14% oil, with strong financial metrics including a 2.6x Net Debt to EBITDA ratio. The company maintains its full-year 2025 guidance with expected production of 1,050-1,100 MMcfe/d.
Diversified Energy (NYSE:DEC) has declared a quarterly dividend of 29 cents per share for the second quarter of 2025. The dividend will be paid on December 31, 2025 to shareholders of record as of December 1, 2025.
The company will pay the dividend in U.S. dollars but offers shareholders the option to receive payment in sterling by submitting a currency election form by December 8, 2025. The sterling equivalent value will be announced approximately two weeks before the payment date.
Diversified Energy Company PLC (NYSE:DEC) has executed a share buyback transaction as part of its program announced on March 20, 2025. The company purchased 306 Ordinary Shares at a volume-weighted average price of $14.35 per share through Mizuho Securities USA LLC.
The shares were acquired across multiple trading venues, with 200 shares purchased on ARCX and 106 shares on XNAS. Following the cancellation of these shares, Diversified will have 77,935,467 Ordinary Shares in issue. The company confirms that no Ordinary Shares are held in treasury.
Diversified Energy Company PLC (LSE:DEC, NYSE:DEC) has executed a share buyback program, purchasing 53,431 ordinary shares at a volume-weighted average price of $14.3477 per share through Mizuho Securities USA LLC. The shares, which were acquired on August 1, 2025, will be cancelled.
Following the cancellation, Diversified will have 77,935,773 ordinary shares in issue. The trades were executed across multiple venues, with prices ranging from $14.33 to $14.35 per share. This buyback is part of the company's share repurchase programme announced on March 20, 2025.
Diversified Energy (NYSE:DEC) has scheduled the release of its Second Quarter and six-month results for August 11, 2025. The company will host a conference call at 1:00 PM BST (8:00 AM EDT) to discuss the results.
The company will make available its 2025 Interim Report and a supplementary 2025 Interim Results Presentation on its website prior to the event. An audio replay will be accessible after the conference call through the company's investor relations website.
Diversified Energy Company PLC (LSE:DEC, NYSE:DEC) has executed a share buyback transaction on July 21, 2025, purchasing 24,830 ordinary shares at a volume-weighted average price of $14.3234 per share through Mizuho Securities USA LLC.
The purchased shares will be cancelled, reducing the total number of ordinary shares in issue to 77,989,204. The transaction was conducted across multiple trading venues, with prices ranging from $14.24 to $14.35 per share, as part of the company's buyback programme announced on March 20, 2025.