Diversified Energy Company PLC (NYSE:DEC; LSE:DEC) completed a share repurchase on December 16, 2025, buying 158,447 shares of its common stock through Mizuho Securities USA LLC at a volume‑weighted average price of $13.7436 per share. The shares were immediately cancelled, reducing the company’s outstanding shares to 80,164,402 and eliminating any treasury holdings.
The buyback is part of a program announced on March 20, 2025, that authorises up to 4,756,842 shares (not exceeding £52.3 million) and expires on June 30, 2026. The program is intended to return capital to shareholders while the shares trade at a discount to net asset value, and the company has been actively exercising it throughout 2025, including purchases of 145,775 shares on September 30 and 850,000 shares on May 28.
The December 16 transaction follows a series of acquisitions that have expanded Diversified’s asset base, notably the November 2025 acquisition of Canvas Energy and the earlier purchase of Maverick Natural Resources. These deals have increased the company’s cash‑flow generation and positioned it to fund further growth while maintaining a strong balance sheet. The share repurchase signals management’s confidence that the stock is undervalued and that the company can generate sufficient free cash flow to support both acquisitions and shareholder returns.
The buyback also aligns with the company’s ongoing reorganisation, which will see a Delaware‑incorporated holding company become the parent and a shift to a primary listing on the New York Stock Exchange. The transition is expected to improve market visibility and operational efficiency, while the share repurchase reduces dilution from the reorganisation and strengthens the equity base for future capital‑allocation decisions.
By cancelling 158,447 shares, Diversified reduces its share count by 0.2 %, a modest but meaningful step that will slightly lift earnings per share if net income remains stable. The program’s cumulative repurchases to date have already lowered the share count by roughly 1.5 % from the 2025 baseline, underscoring management’s commitment to returning value to shareholders while pursuing strategic growth initiatives.
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