- Diversified Energy Company PLC (DEC, Financial) repurchased 69,609 shares as part of its buyback program.
- The repurchase was executed at an average price of $12.2975 per share.
- Following the transaction, DEC's outstanding shares will be reduced to 80,349,253.
Diversified Energy Company PLC (DEC) announced the execution of a share buyback program on April 24, 2025, purchasing 69,609 ordinary shares at a volume-weighted average price of $12.2975 per share. The acquisition was executed through Mizuho Securities USA and will result in the reduction of the total number of ordinary shares to 80,349,253 once the purchased shares are cancelled.
The transactions took place across multiple trading venues with prices ranging from $12.12 to $12.41 per share. Notably, the largest volume of shares was traded on IEXG, accounting for 21,125 shares, followed by XNAS with 11,895 shares. The buyback reflects the company's ongoing commitment to returning value to its shareholders.
Despite the transaction representing only a modest 0.087% reduction in the total outstanding shares, it is part of Diversified Energy's broader capital allocation strategy, aimed at enhancing shareholder value. While the immediate financial impact on the company's fundamentals may be limited, the buyback demonstrates the company's focus on incremental value improvement.
