Diversified Energy Reports Third Quarter 2026 Results

(NYSE:DEC, LSE:DEC) Diversified Energy Company announced its financial and operational results for the three and nine months ended September 30, 2026. The company is on schedule for the expected fourth quarter closing of the Birch Resources acquisition, which will create a top-15 U.S. publicly listed independent oil & gas company based on production and expand its vertically integrated position in the Permian Basin. Year-to-date acreage sales have generated approximately $149 million in value. Year-to-date shareholder returns total approximately $157 million, including $94 million in share repurchases and approximately $63 million from its fixed dividend, representing an approximate 17% shareholder return yield. The company completed drilling of the first four wells in its 20 gross well Oklahoma development program, with completion activities underway. In 3Q26, Diversified received its initial quarter of cash flows from its 40% ownership in the special purpose vehicle for the Camino PDP assets acquired with Carlyle, totaling approximately $8.6 million, including approximately $6.6 million from residual operating cash flow and approximately $2.0 million in management fees. Third quarter 2026 average production was 1,189 MMcfepd (198 Mboepd), with a commodity mix of 72% natural gas, 14% oil, and 14% NGLs. Total commodity revenue for the quarter was $470 million. Net loss for the quarter was $(202) million, including a $(348) million loss on non-cash unsettled derivatives. Adjusted EBITDA was $256 million, operating cash flow was $136 million, and adjusted free cash flow was $153 million. Capital expenditures for the quarter were $39 million. As of September 30, 2026, liquidity was $506 million in credit facility availability and unrestricted cash. The company received approval to upsize its credit facility from $900 million to $1 billion after quarter end. In 2026, Diversified retired $313 million, or approximately 11%, in outstanding debt under certain ABS notes. The leverage ratio as of September 30, 2026, was 2.66x, with consolidated debt consisting of approximately 72% in deleveraging non-recourse ABS and amortizing notes. The 3Q26 dividend was $0.29 per share. During 3Q26 (through November 4, 2026), the company repurchased 698,502 shares (~1% of shares outstanding), and year-to-date repurchases totaled 6,676,753 shares (~9% of shares outstanding). For the three months ended September 30, 2026, per unit revenues were $4.36/Mcfe ($26.16/Boe) and adjusted EBITDA margin was 56%. For the nine months ended September 30, 2026, per unit revenues were $4.48/Mcfe ($26.88/Boe) and adjusted EBITDA margin was 58%. For the three months ended September 30, 2026, average realized price was $4.02/Mcfe ($24.12/Boe), other revenue was $0.12/Mcfe ($0.72/Boe), proceeds from divestitures were $0.22/Mcfe ($1.32/Boe), lease operating expense was $1.20/Mcfe ($7.20/Boe), production taxes were $0.24/Mcfe ($1.44/Boe), midstream operating expense was $0.19/Mcfe ($1.14/Boe), transportation expense was $0.22/Mcfe ($1.32/Boe), total operating expense was $1.85/Mcfe ($11.10/Boe), employees, administrative costs and professional fees were $0.23/Mcfe ($1.38/Boe), and adjusted operating cost per unit was $2.08/Mcfe ($12.48/Boe). 2026 full-year guidance includes total production of 1,180 to 1,210 MMcfepd, with approximately 29% liquids and 71% natural gas, total capital expenditures of $225 to $255 million, operated development spending of $35 to $50 million, non-op JV partnership spending of $115 to $125 million, maintenance/other spending of $75 to $80 million, adjusted EBITDA of $960 to $1,010 million, adjusted free cash flow of approximately $440 million, income from equity affiliates of approximately $15 million, and a leverage target of 2.0x to 2.5x. The company includes an estimate of cash proceeds for FY 2026 portfolio optimization of approximately $150 million in its guidance. The Birch acquisition is expected to provide an estimated 55% increase in adjusted EBITDA and an increase of over 100% in adjusted free cash flow, and is not included in the 2026 guidance figures. The company will host a conference call on November 5, 2026, at 8:30 AM ET to discuss the results.

Diversified Energy Announces Third Quarter Dividend

(NYSE: DEC, LSE: DEC) Diversified Energy Company has declared a dividend of 29 cents per share for the three-month period ended September 30, 2026. The record date for this dividend is February 26, 2027. The payment date for the dividend is March 31, 2027. The default currency for the dividend payment is US Dollar. Shareholders have the option to elect to receive the dividend in sterling. The last date for shareholders to submit a currency election form to receive the dividend in sterling is March 1, 2027. The company has made the dividend election form available on its website at https://ir.div.energy/dividend-information. Shareholders who wish to receive their dividend in sterling and have not yet completed a currency election form must submit it to Computershare Investor Services by March 1, 2027. Diversified will announce the sterling value of the dividend payable per share approximately two weeks prior to the payment date. This announcement contains inside information for the purposes of Article 7 of the UK version of Regulation (EU) No. 596/2014 on Market Abuse (UK MAR), as it forms part of the UK domestic law by virtue of the European Union (Withdrawal) Act 2018.

Decade Resources Ltd. Announces $2.17 Million Flow-Through Private Placement

(TSXV:DEC) Decade Resources Ltd. announced its intention to complete a non-brokered flow-through private placement financing (the "Offering") to raise gross proceeds of up to $2,170,000. The Offering will be conducted through the issuance of up to 14,466,666 flow-through units ("FT Units") at a price of $0.15 per FT Unit. Each FT Unit will consist of one common share issued as a "flow-through share" under subsection 66(15) of the Income Tax Act (Canada) and one common share purchase warrant ("Warrant"). Each Warrant will entitle the holder to purchase one additional non-flow-through common share at an exercise price of $0.25 per share for a period of two years from the date of issuance. The gross proceeds from the flow-through shares will be used to incur eligible Canadian exploration expenses that qualify as "flow-through mining expenditures" on the Company's mineral exploration properties located in British Columbia. Decade Resources Ltd. intends to renounce such qualifying expenditures to subscribers with an effective date of no later than December 31, 2026, subject to applicable tax legislation. In connection with the Offering, the Company may pay finder's fees to eligible arm's-length finders consisting of cash commissions equal to 8% of the gross proceeds raised from subscribers introduced by such finders and issue non-transferable finder's warrants equal to 8% of the number of FT Units sold to such subscribers. Each finder's warrant will be exercisable to acquire one non-flow-through common share at a price of $0.15 per share for a period of two years from the date of issuance. All finder's fees are subject to the policies and approval of the TSX Venture Exchange. The Offering remains subject to acceptance by the TSX Venture Exchange and any other required regulatory approvals. All securities issued pursuant to the Offering, including any common shares issued upon exercise of the Warrants or finder's warrants, will be subject to a statutory hold period of four months and one day from the applicable date of issuance, as required under Canadian securities laws. The Company may complete the Offering in one or more tranches.

Diversified Announces Accretive Acquisition o...

(NYSE: DEC, LSE: DEC) Diversified Energy Company announced the execution of definitive acquisition agreements to acquire Birch Permian Holdings, Inc. and certain affiliated companies, a leading independent oil and gas producer with operations in the Permian Basin, from affiliates of Elliott Investment Management L.P. The Acquisition is valued at approximately $1.8 billion and will be primarily funded through an Asset Backed Securitization of approximately $1.5 billion via partnership with Carlyle's Asset-Backed Finance and Capital Markets teams, along with other customary financing sources, including available liquidity under Diversified’s revolving credit facility. The Acquisition is expected to increase production by approximately 35% and Adjusted EBITDA by approximately 55%, with pro forma gross volumes under Diversified Energy’s operated control expected to reach approximately 2.5 Bcfepd (~1.6 Bcfepd net). The acquired assets include a mature, predictable production base of 480 net wells, current net production of approximately 68 Mboepd (~409 MMcfepd), a production mix of approximately 38% oil, 32% NGLs, and 30% gas, and proved reserves of approximately 1,168 Bcfe with a PV-10 of approximately $2.0 billion. The assets also include approximately 46,000 net mineral acres, 12 primary central production facilities, 9 well gathering facilities, over 60 miles of gathering pipeline, 5 water disposal facilities, and more than 80 miles of water disposal and recycling pipeline. The Acquisition is expected to add approximately $548 million of annualized Adjusted EBITDA from a high-margin asset base with estimated ~80% EBITDA margins and a ~3.3x Adjusted EBITDA multiple. The transaction is subject to a $50 million break fee and is expected to close during the fourth quarter of 2026, subject to customary closing conditions. Carlyle and Diversified have agreed to expand their strategic partnership from the original $2 billion framework to a broader collaboration to pursue up to $10 billion of potential PDP acquisition opportunities over time, subject to mutual agreement and transaction-specific approvals. The Company will host a conference call on Wednesday, September 3, 2026, at 8:00 AM ET to discuss the Birch Acquisition, with an audio replay and investor presentation available on the Company's Investor Relations website.

Decade Drills Into Porphyry-Style Copper Mineralization in First-Ever Deep Test Beneath a High Chargeability Anomaly at Bonaparte

(TSXV: DEC) Decade Resources Ltd. announced that the first hole (DDH 1) of its Phase I drill program at the Bonaparte copper-gold property in British Columbia has intersected porphyry-style copper mineralization at depth, beneath a high chargeability anomaly. DDH 1 intersected a sequence of diorite intrusive rock with feldspar porphyry from surface to 252.1 m, propylitic altered rocks from 252.1 to 452 m, potassic altered rocks from 421 to 557 m, and altered mineralized feldspar porphyry from 557 m to the bottom of the hole at 621.6 m. The hole was collared 500 m east of the Discovery area to test a separate 3x4 km anomaly. The property is located approximately 50 km north of Kamloops, B.C., within the Kamloops Mining Division, and 30 km north of the operating New Afton mine. Core sampling is underway, with assays to follow from MSA LABS. Over 750 soil samples and 30 rock samples from the July soil sampling survey have been submitted to MSA LABS, with assay results pending. The company notes that mineralization is open to depth and that the alteration zonation observed is characteristic of the porphyry environment predicted by the geological model. Visual observations of mineralization and alteration in drill core are preliminary and not a substitute for laboratory analysis. Core samples from DDH 1 will be submitted to MSA LABS in Langley, B.C. for assay, and results will be released once received, compiled, and reviewed by the Company's Qualified Person.

Diversified Energy Response to Media Speculat...

(NYSE: DEC, LSE: DEC) Diversified Energy Company notes recent media speculation regarding a potential transaction involving the Company. The Company has made 35 acquisitions totaling over $7 billion of value since its IPO in 2017. The Company confirms that it has had preliminary discussions concerning a possible acquisition of Birch Resources. Discussions are ongoing and remain at an early stage. No agreement has been reached, and there is no certainty that any transaction will occur, nor as to the terms on which any transaction might proceed.

Diversified Energy Reports Second Quarter 202...

(NYSE: DEC, LSE: DEC) Diversified Energy Company announced its financial and operational results for the three and six months ended June 30, 2026. The company completed the strategic sale of non-core, low-margin Barnett and Arkansas assets for $147M and reported year-to-date acreage sales of $126M. For the second quarter of 2026, Diversified reported average production of 1,253 MMcfepd (209 Mboepd), total commodity revenue of $504M, net income of $248M, adjusted EBITDA of $240M, operating cash flow of $89M, and adjusted free cash flow of $115M. The company declared a 2Q26 dividend of $0.29 per share and repurchased 6,596,753 shares year-to-date through August 5, 2026, representing ~9% of shares outstanding. Liquidity as of June 30, 2026, was $678M, and the leverage ratio was 2.45x. Diversified completed the Camino acquisition in Oklahoma and reported more than 450 economic drilling locations at $65/Bbl oil and $3.25/MMBtu natural gas pricing. The company projects full year 2026 total production of 1,180 to 1,210 MMcfe/d, total capital expenditures of $225 to $255 million, adjusted EBITDA of $960 to $1,010 million, and adjusted free cash flow of ~$440 million.

Diversified Energy Announces Second Quarter D...

(NYSE:DEC, LSE:DEC) Diversified Energy Company announced that the Board has declared a dividend of 29 cents per share in respect of the three-month period ended June 30, 2026. The record date for this dividend is December 2, 2026, and the payment date is December 31, 2026. The default currency for the dividend is US Dollar, with a currency election option for Sterling available to shareholders. The last date for currency election is December 8, 2026, and shareholders wishing to receive their dividend in sterling must submit a currency election form to Computershare Investor Services by this date. Diversified will announce the sterling value of the dividend payable per share approximately two weeks prior to the payment date. The company describes itself as a leading publicly traded energy company focused on acquiring, operating, and optimizing cash-generating energy assets. This announcement contains inside information for the purposes of Article 7 of the UK version of Regulation (EU) No. 596/2014 on Market Abuse.

Decade Receives Drill Permit for Bonaparte Property

(TSXV: DEC) Decade Resources Ltd. announced that it has received a drill permit for the Bonaparte copper-gold property, which consists of 4 mineral tenures totaling 4149.63 hectares, located approximately 50km north of Kamloops, B.C. The company plans a minimum of 3000m of drilling consisting of 5-6 holes, each 500m or more in length, targeting porphyry copper-gold systems indicated by geophysical and geochemical data. In 1994, a 3,700 metric ton bulk sample from the property produced 3,160 ounces of gold at an average grade of 25.4 g/t Au, and in 2010, a 364-ton sample from the Crow Vein assayed 16.3 g/t Au, yielding 161.95 troy ounces of gold. Recent work includes the collection of over 750 soil samples and 30 rock samples, which have been sent to MSA laboratories in Langley BC. The property features high grade gold-copper low sulphidation epithermal veins and bulk-tonnage RIRGS targets, with historic IP surveys indicating a large porphyry system approximately 1km south of the original Discovery Zone. The company is currently in discussion with contractors to have fire suppression equipment on site and is preparing for the drill to arrive within the next 10 days. The company projects that drilling will commence once drill pads are established and local forest fire conditions allow for mechanized work.

Diversified Energy Provides Board of Director...

Diversified Energy Company (NYSE: DEC, LSE: DEC) announced the appointment of Kirk Oliver as an independent non-executive director to its Board of Directors, effective May 21, 2026. Mr. Oliver brings approximately 20 years of energy industry and financial expertise, having previously served as Executive Vice President and Chief Financial Officer of Equitrans Midstream Corporation and as Chief Financial Officer of UGI. He has also held senior executive and financial leadership positions at Allegheny Energy, TXU Corporation, and Hunt Power, and worked in investment banking at Lehman Brothers. Upon his appointment, Mr. Oliver will join the Board’s Audit and Risk and Sustainability and Safety Committee. The company emphasized its ongoing strategy of acquiring, operating, and optimizing cash generating energy assets to create value for shareholders. Diversified Energy is recognized for its sustainability leadership and stewardship approach. The announcement highlights the company's commitment to responsible energy production and delivering reliable free cash flow.

Diversified Energy Reports First Quarter 2026...

Diversified Energy Company (NYSE: DEC, LSE: DEC) reported its financial and operational results for the first quarter ended March 31, 2026. The company achieved average production of 1,198 MMcfepd (200 Mboepd) and a production exit rate of 1,228 MMcfepd (205 Mboepd). Total commodity revenue was $556M, with a net loss of $161M, which included a $398M loss on non-cash unsettled derivatives. Diversified returned $94M to shareholders in 1Q26 and completed two major acquisitions, including the $1.175B Camino Natural Resources Oklahoma asset and the Sheridan acquisition. The company also recorded over $100M in proceeds from portfolio optimization activities and repurchased 5,033,364 shares, representing approximately 7% of shares outstanding.

Dividend Declaration

Diversified Energy Company (NYSE:DEC, LSE:DEC) announced that its Board has declared a dividend of 29 cents per share for the three-month period ended March 31, 2026. The record date for the dividend is August 28, 2026, and the payment date is September 30, 2026. Shareholders can elect to receive the dividend in either U.S. dollars or sterling, with the last date for currency election being September 8, 2026. The sterling value of the dividend will be announced approximately two weeks prior to the payment date. This announcement contains inside information for the purposes of Article 7 of the UK version of Regulation (EU) No. 596/2014 on Market Abuse.

Diversified and Carlyle Partner to Acquire As...

Diversified Energy Company (NYSE: DEC, LSE: DEC), in partnership with Carlyle's (NASDAQ: CG) Global Credit platform, has executed a purchase agreement to acquire certain oil and natural gas properties and related assets in the Anadarko Basin of Oklahoma from Camino Natural Resources. The acquisition, valued at a purchase price of $1,175 million before anticipated, customary purchase price adjustments, will be funded through a bespoke asset-backed securitization (ABS) structured by Carlyle and a net amount of approximately $210 million from Diversified's senior secured bank facility. The assets include approximately 101,000 acres, over 100 identified drill-ready locations, and current net production of ~300 MMcfepd (~51 Mboepd). The transaction is expected to close in the third quarter of 2026, subject to customary closing conditions. This deal is significant for investors as it expands Diversified's footprint in Oklahoma, adds scale, and utilizes innovative financing without equity issuance.

Diversified Energy Announces Timing of First ...

Diversified Energy Company (NYSE: DEC, LSE: DEC) announced it will publish its operational and financial results for the quarter ended March 31, 2026, on Wednesday, May 6th, 2026, after the U.S. market close. The company will host a conference call at 8:30 AM EST (1:30 PM GMT) on Thursday, May 7th to discuss the first quarter 2026 results. An audio replay of the event will be made available shortly thereafter. Supplementary first quarter results Presentation and the results themselves will be published on the company's website. This announcement informs investors of the timing and access details for the upcoming results release.

Decade Discusses Exploration Plans

Decade Resources Ltd. (TSXV: DEC) provided an update on its exploration plans for 2026. The Company recently participated as an exhibitor at the KEG Mineral Show in Kamloops BC on April 14-15, 2026. A photo of the booth was included, displaying project rocks, banners, project lists, and brochures discussing some of the properties. The announcement highlights the Company's ongoing engagement with the exploration community and its plans for the upcoming year.