Diversified Energy Prices Secondary Share Offering as EIG Exits Stake

Diversified Energy Company ( (DEC) ) has provided an update.

Diversified Energy Company has announced the pricing of a secondary public offering of 7,501,585 shares of its common stock by an affiliate of EIG at $14.45 per share, representing the seller’s remaining stake. The company itself will not issue new shares or receive proceeds, but plans to repurchase 3,750,000 of the offered shares from the underwriter at the same price, with settlement expected on March 11, 2026, subject to customary conditions.

The transaction is structured as a shareholder exit rather than a capital-raising event for Diversified, while the concurrent share repurchase signals active capital management and may modestly reduce the free float. Citigroup is acting as sole bookrunning manager, and the deal is being executed under an effective shelf registration, underscoring continued access to U.S. capital markets and formalizing the transition of EIG fully out of the company’s shareholder base.

More about Diversified Energy Company

Diversified Energy Company is a publicly traded energy firm focused on acquiring, operating, and optimizing cash-generating energy assets. Listed on the NYSE and LSE under the ticker DEC, the company concentrates on building a portfolio of producing assets that generate stable cash flow within the broader energy sector.

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