Diversified Energy Company Expands Share Repurchase Initiative

Diversified Energy Company Share Buyback Program
Diversified Energy Company PLC (LSE: DEC, NYSE: DEC) has continued its commitment to enhancing shareholder value through its share buyback program, which was officially announced on March 20, 2025. The recent buyback involved the acquisition of 78,427 Ordinary Shares priced at an average of $12.9117 per share, executed through Mizuho Securities USA LLC.
Details on the Share Transactions
This latest transaction signifies an ongoing strategy by Diversified to manage its capital and enhance shareholder returns. The total shares acquired will be subsequently cancelled, which reflects the company's intent to reduce the number of outstanding shares in alignment with its financial objectives.
Upon the completion of the share cancellations, the total number of Ordinary Shares on issue will drop to 79,718,862. Importantly, no Ordinary Shares will be held in treasury, allowing shareholders a clear view of the equity they control. This adjusted figure will also serve as a denominator for shareholders who need to report their changing interest levels according to the FCA's Disclosure Guidance and Transparency Rules.
Impact of the Share Buyback
Such buyback activities indicate the company's strong performance and financial health, enhancing both investor confidence and market perception. By distributing capital back to shareholders through buybacks, Diversified Energy Company accentuates its position in the energy market, focusing on sustainable practices and long-term value creation.
Diversified's approach prioritizes the enhancement of environmental and operational performance, where existing resources are cultivated, and ultimately retired in an environmentally responsible manner. This sustainable focus has earned the company recognition from various industry ratings and organizations.
Schedule and Summary of Recent Purchases
The following information highlights the schedule of recent purchases in the buyback program:
Shares Purchased | DIVERSIFIED ENERGY COMPANY PLC (ISIN: GB00BQHP5P93) |
---|---|
Purchase Date | May 7, 2025 |
Investment Firm | Mizuho Securities USA LLC |
This meticulous tracking of share purchases reinforces transparency and investor trust, making it clear how Diversified Energy Company manages its resources strategically.
The Future of Diversified Energy Company
Looking ahead, Diversified Energy Company continues to solidify its leadership in the sector. Their focus on natural gas and liquids production, transport, marketing, and well retirement underscores an adaptable and forward-moving strategy. This commitment to a diverse portfolio, complemented by proactive asset management, positions the company well amid fluctuating market conditions.
With a notable ability to produce reliable free cash flow, Diversified aims to assure stakeholders of its intent to generate substantial shareholder value. The ongoing efforts in buybacks symbolize a strategic move toward long-term financial stability and growth. Stakeholders can expect ongoing communication about the company’s progress and strategies in the future.
For Further Information
For inquiries, please reach out to:
Diversified Energy Company PLC | +1 973 856 2757 |
Doug Kris | dkris@dgoc.com |
Senior Vice President, Investor Relations & Corporate Communications | www.div.energy |
Frequently Asked Questions
What is the purpose of the share buyback by Diversified Energy Company?
The share buyback aims to enhance shareholder value and reduce the number of outstanding shares, improving the financial position of the company.
How many shares were purchased in the recent transaction?
A total of 78,427 Ordinary Shares were purchased in the market as part of the share buyback program.
What was the average purchase price per share?
The average purchase price for the shares was $12.9117.
Who manages the share buyback transactions?
Mizuho Securities USA LLC is the investment firm executing these transactions.
What is the current number of shares after the buyback?
After the cancellation of the shares purchased, there will be 79,718,862 Ordinary Shares in issue.
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