Diversified Energy announces secondary offering of 7.5 million shares

Diversified Energy Company (NYSE: DEC; LSE: DEC) announced an underwritten public offering by funds managed by an affiliate of EIG to sell 7.5 million shares of common stock, representing all remaining holdings of the selling stockholder.

The Birmingham, Alabama-based company stated it may purchase up to 3.9 million shares from the underwriter at the same price paid to the selling stockholder. Diversified will not offer any shares itself and will receive no proceeds from the sale.

Citigroup serves as the sole bookrunning manager for the offering. The shares may be sold through various methods including direct sales, brokerage transactions on the New York Stock Exchange, or negotiated transactions with dealers.

A shelf registration statement was filed with the Securities and Exchange Commission on March 9, 2026, and became effective upon filing. The offering remains subject to market and other conditions, with no assurance regarding completion or final terms.

The company filed the necessary prospectus supplement and accompanying prospectus with the SEC, available through the commission's website and from Citigroup upon availability.

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