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An update from Diversified Energy Company ( (DEC) ) is now available.
Diversified Energy Company has repurchased 162,102 shares of its common stock on the market at a volume-weighted average price of $13.5372 per share under its ongoing share buyback program, with the shares set to be cancelled. Following this cancellation, the company’s share count will decline to 78,560,126 shares in issue with no shares held in treasury, a move that modestly consolidates existing shareholders’ stakes and provides a new reference point for regulatory disclosure thresholds under UK transparency rules.
More about Diversified Energy Company
Diversified Energy Company is a publicly traded energy group focused on acquiring, operating and optimizing cash-generating, long-life energy assets. The company’s strategy centers on purchasing existing producing assets, investing to enhance their environmental and operational performance, and ultimately retiring them in a safe and environmentally secure manner, positioning Diversified as a sustainability-focused operator that aims to responsibly produce energy while generating reliable free cash flow and shareholder value.
For a thorough assessment of DEC stock, go to TipRanks’ Stock Analysis page.