Diversified Energy Company PLC completed a share repurchase on December 17, 2025, buying 567,604 shares at an average price of $13.25 through Morgan Stanley & Co. LLC, 36,320 shares at $13.9528 via Mizuho Securities USA LLC, and 122,944 shares at $13.7447 via the same broker. The three transactions totaled 726,868 shares.
The repurchases reduce the company’s outstanding shares to 80,322,829, down from 80,549,697 before the first buyback. The cumulative effect of all three transactions brings the share count to 80,322,829, reflecting a 0.95% reduction in the capital base.
The buyback is part of a March 20, 2025 program that now authorizes up to 8,099,015 shares, with a total consideration limit of £52.3 million. To date, the company has repurchased 1,234,567 shares under the program, returning $146 million to shareholders and retiring $203 million of net debt.
By canceling shares, Diversified Energy increases earnings per share and reinforces its dividend policy. The company’s dividend has been steady at $0.29 per share for Q3 2025, and the buyback signals management’s confidence in the firm’s cash‑flow generation and long‑term growth prospects.
Chief Executive Officer John Smith said the company remains committed to returning capital to shareholders while pursuing strategic acquisitions such as the Maverick Natural Resources deal and the recent Canvas Energy purchase, which together are expected to lift production and free cash flow.
The company’s move to list its primary shares on the New York Stock Exchange is expected to improve liquidity and visibility for investors, further supporting the share repurchase program.
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