On December 29, 2025, Diversified Energy Company PLC repurchased 54,459 shares of its common stock at a volume‑weighted average price of $14.2973 per share, followed later that day by a second repurchase of 14,000 shares at $14.2862 per share. The two transactions were executed through Mizuho Securities USA LLC and resulted in the cancellation of all repurchased shares, leaving the company with 79,073,148 shares outstanding after the first buyback and 79,059,148 shares after the second.
The buybacks are part of a share repurchase program approved by shareholders at the 2024 Annual General Meeting, which authorizes up to 4,756,842 shares with a maximum aggregate value of £52.3 million. The program is scheduled to expire on June 30, 2026, and has been a consistent tool in the company’s capital allocation strategy, which also includes debt reduction, dividend payments, and strategic acquisitions.
By canceling the repurchased shares, the company reduces its share count, which can lift earnings per share and increase the ownership percentage of remaining shareholders. The transactions also reinforce the company’s commitment to returning capital, as evidenced by the absence of any treasury holdings after the cancellations.
Diversified Energy’s recent financial performance supports the buyback activity. In the third quarter of 2025, the company reported $510 million in revenue, $280 million in adjusted EBITDA, and $88 million in adjusted free cash flow, prompting a raise in its 2025 guidance. The company has also completed acquisitions such as Maverick Natural Resources and Canvas Energy, further strengthening its portfolio of mature, cash‑generating assets.
Management views the share repurchases as a way to deploy excess cash while the shares remain undervalued, thereby enhancing shareholder value. The company’s ongoing buyback program, coupled with its disciplined capital allocation and focus on sustainable, long‑term asset performance, signals confidence in its ability to generate consistent cash flow and support future growth initiatives.
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