Diversified Energy prices secondary stock offering at $14.45 per share

Diversified Energy Company (NYSE: DEC) announced the pricing of a secondary offering of 7.5 million shares of common stock at $14.45 per share. The shares are being sold by certain funds managed by an affiliate of EIG, representing all remaining holdings of the selling stockholder.

The company will not receive proceeds from the secondary offering. Diversified has agreed to repurchase 3.75 million shares from the underwriter at the same price paid to the selling stockholder.

The offering is expected to settle on March 11, 2026, subject to customary closing conditions. Citigroup is serving as the sole bookrunning manager for the transaction.

A shelf registration statement relating to the securities was filed with the Securities and Exchange Commission on March 9, 2026, and became effective upon filing. The preliminary prospectus supplement and accompanying prospectus were also filed with the SEC.

Diversified Energy is a publicly traded energy company focused on acquiring, operating and optimizing cash-generating energy assets. The company trades on both the New York Stock Exchange and London Stock Exchange under the ticker DEC.

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