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Diversified Energy Company Plc SEC Filings

dec NYSE

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Our SEC filing database is enhanced with expert analysis from Rhea-AI, providing insights into the potential impact of each filing on Diversified Energy Company Plc's stock performance. Each filing includes a concise AI-generated summary, sentiment and impact scores, and end-of-day stock performance data showing the actual market reaction. Navigate easily through different filing types including 10-K annual reports, 10-Q quarterly reports, 8-K current reports, proxy statements (DEF 14A), and Form 4 insider trading disclosures.

Designed for fundamental investors and regulatory compliance professionals, our page simplifies access to critical SEC filings. By combining real-time EDGAR feed updates, Rhea-AI's analytical insights, and historical stock performance data, we provide comprehensive visibility into Diversified Energy Company Plc's regulatory disclosures and financial reporting.

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Diversified Energy Company is registering the resale of 7,501,585 shares of common stock by selling stockholders pursuant to a prospectus supplement dated March 9, 2026. The filing states the company will not receive proceeds from these sales and that the underwriter will purchase the shares from the selling stockholders at a negotiated price.

Subject to completion of this offering, the company intends to repurchase from the underwriter up to 3,900,000 shares as part of its existing stock repurchase program at the same per-share price paid by the underwriter; the repurchase is contingent on the offering closing. The prospectus cites 76,070,756 shares outstanding as of February 25, 2026 and shows the post-offering and repurchase share count of 72,170,756 shares.

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Diversified Energy Company filed a Form S-3 shelf prospectus dated March 9, 2026 to register resale of 7,501,585 shares of common stock issued in connection with its U.S. domestication and the March 14, 2025 Maverick acquisition. The resale shares are being offered by the selling stockholders and the Company will receive no proceeds from these resales. The registration statement states there were 76,070,756 shares outstanding as of February 25, 2026. The filing describes the automatic shelf mechanics, potential distribution methods (underwriters, dealers, agents, direct sales, Rule 144 transactions), and that the Company will bear certain registration-related fees and indemnification obligations.

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Rhea-AI Summary

Diversified Energy Company filed an 8-K providing unaudited pro forma financial information that shows how its 2025 results would look after acquiring Canvas Energy Inc. and Maverick Natural Resources. For the year ended December 31, 2025, the pro forma combined statement reports net income of 421,592 thousand and total revenue of 2,263,210 thousand.

The Canvas asset acquisition was funded with approximately 3,718,209 new common shares plus about $399 million in cash, partially financed by a $400 million asset-backed securitization. The Maverick business combination used 21,194,213 new common shares and about $211 million in cash. Pro forma earnings per share attributable to Diversified are $4.30 basic and $4.23 diluted, based on 97,882,109 basic and 99,391,014 diluted weighted average shares outstanding.

Management notes the pro forma figures are based on transaction accounting adjustments only and are not necessarily indicative of future results. Detailed notes explain reclassifications, interest expense changes from new debt, asset retirement accretion, depletion rates, and related income tax effects.

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Diversified Energy Company plans a significant bolt‑on acquisition in east Texas, with its subsidiary Diversified Production LLC agreeing to buy oil and natural gas wells, leasehold interests, and related facilities from Sheridan Holding Company III, LLC.

The aggregate purchase price is approximately $248 million, funded through borrowings under the company’s senior secured revolving credit facility, and closing is targeted for the second quarter of 2026, subject to customary conditions. The acquired assets are expected to add about 62 MMcfepd (~10 Mboepd) of largely gas‑weighted production, with low estimated annual declines of around 6%, and next‑twelve‑month EBITDA of roughly $52 million. Proved developed producing reserves are estimated at ~397 Bcfe with a PV‑10 value of about $310 million, and the acreage is contiguous with Diversified’s existing East Texas position, supporting potential operating efficiencies.

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Rhea-AI Summary

Diversified Energy Company reported record fourth-quarter and full-year 2025 results, with performance exceeding prior guidance. For 2025, the company generated total revenue of $1,829 million, up from $757 million in 2024, and net income of $342 million versus a loss of $(103) million a year earlier.

Full-year Adjusted EBITDA rose to $956 million from $470 million, while Adjusted Free Cash Flow reached $440 million. Average 2025 production was 1,086 MMcfe/d, reflecting contributions from roughly $2 billion of acquisitions. The leverage ratio improved to 2.3x, aided by retiring $277 million of ABS principal.

The company returned over $185 million to shareholders through dividends and buybacks, including repurchasing about 7.3 million shares (~10% of outstanding shares). New 2026 guidance targets Adjusted EBITDA of $925–$975 million, Adjusted Free Cash Flow of about $430 million, and total production of 1,170–1,210 MMcfe/d.

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Diversified Energy Company reports a transformational year driven by major U.S. expansion and balance-sheet actions. Average daily production reached 1,086 MMcfe per day for 2025, up 37% from 791 MMcfe per day in 2024, supported by acquisitions and development drilling.

As of December 31, 2025, estimated proved reserves rose 68% to 6,082,483 MMcfe with a Standardized Measure of $4.2 billion and total PV-10 of $5.18 billion. The mix is gas‑heavy, with natural gas at about 73% of total proved reserves.

DEC completed the Maverick acquisition for net consideration of $666 million and the Canvas Energy acquisition for about $533 million, using a blend of common stock, cash and assumed ABS notes. It also issued $530 million ABS X notes, $400 million ABS XI notes, $300 million Nordic bonds and raised $123 million from a 8.5 million‑share equity offering at $14.50.

The company strengthened its U.S. presence through a redomestication to Delaware and maintains listings on the New York Stock Exchange and London Stock Exchange. It also launched a $70 million West Virginia well‑plugging fund and reported 1,987 employees across 23 states, emphasizing asset retirement, safety and human capital investment.

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Diversified Energy Company has completed a tap-on offering of $200 million principal amount of 9.75% senior secured bonds due 2029 in the Nordic bond market through its wholly owned subsidiary Diversified Gas & Oil Corporation. This increases the total amount of these bonds to $500 million.

The bonds are guaranteed by Diversified Energy and secured by its U.S. bank accounts, equity in DGOC and its operating subsidiaries, and certain intercompany loan interests. They mature on April 9, 2029, with interest payable semi-annually on April 9 and October 9.

Covenants require a leverage ratio not above 3.5:1, asset coverage of at least 1.20:1, minimum book equity of $500 million, and liquidity of at least 25% of outstanding bonds. Bondholders gain a 101% cash put right upon specified change of control or delisting events, and benefit from customary events of default and make-whole or premium-based early redemption provisions.

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Diversified Energy Company filed an amended current report to add detailed financial statements for its recently acquired subsidiary, Canvas Energy Inc., and related unaudited pro forma results. These exhibits show Canvas as an Oklahoma-focused oil and gas producer using the full cost method of accounting.

Canvas reported 2024 net commodity sales of $279.7 million and net income of $88.5 million, down from $154.7 million in 2023. Operating cash flow was $180.5 million in 2024, while capital spending on oil and gas properties reached $178.9 million. At year-end 2024, Canvas had total assets of $682.9 million, including $586.0 million of oil and natural gas properties, and long-term debt (before issuance costs) of $151.3 million, primarily under a revolving credit facility with a $150.0 million balance.

The filing also highlights Canvas’s significant dividend payments of $126.4 million in 2024, continued use of commodity derivatives, and a deferred tax liability of $43.3 million driven mainly by oil and gas property basis differences. An unqualified audit opinion from Grant Thornton LLP accompanies the Canvas financials.

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Diversified Energy Company reported that investors have agreed to purchase $200 million aggregate principal amount of 9.75% senior secured bonds due 2029 in a tap-on offering by its wholly owned subsidiary, Diversified Gas & Oil Corporation, in the Nordic bond market.

The Company previously issued $300 million of these bonds in April 2025, so the total principal amount outstanding will rise to $500 million after closing. Diversified Energy intends to use the net proceeds for general corporate purposes. The bonds are being offered only to qualified institutional buyers in the United States under Rule 144A and will not be registered under the U.S. Securities Act.

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Diversified Energy Co director Wade Randall S. reported the forfeiture of 10,187 shares of common stock on January 23, 2026. These shares were restricted stock units that were automatically forfeited at a price of $0 when he resigned from the company’s Board of Directors on that date.

Following the forfeiture, the reporting person holds no Diversified Energy common stock directly. The filing also lists 7,501,585 shares of common stock held indirectly through a group of EIG-sponsored investment funds. He has voting and dispositive power over those fund-held shares through his role on their investment committees but expressly disclaims beneficial ownership beyond his economic interest.

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FAQ

What is the current stock price of Diversified Energy Company Plc (dec)?

The current stock price of Diversified Energy Company Plc (dec) is $14.73 as of March 9, 2026.

What is the market cap of Diversified Energy Company Plc (dec)?

The market cap of Diversified Energy Company Plc (dec) is approximately 1.1B.

DEC Rankings

DEC Stock Data

1.12B
63.77M
Oil & Gas Integrated
Crude Petroleum & Natural Gas
Link
United States
BIRMINGHAM

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