Diversified Energy Company Completes Strategic Acquisition of Oil and Gas Assets from Sheridan Holding Company III, LLC

BIRMINGHAM, AL, May 1, 2026 — Diversified Energy Company (“Diversified” or the “Company”; NYSE: DEC) has announced the completion of a significant acquisition that could have a material impact on its future operations and share value. The transaction was disclosed in the Company’s latest Form 8-K filing with the U.S. Securities and Exchange Commission, dated April 30, 2026.

Key Highlights of the Report

• Acquisition Completion: Diversified Production LLC, a wholly-owned subsidiary of Diversified Energy Company, has finalized the acquisition of certain oil and natural gas wells, leasehold interests, and related assets from Sheridan Holding Company III, LLC (“Seller”).
• Asset Location: The acquired assets are located in the United States, though the filing does not specify the exact regions. These additions are expected to expand Diversified’s operational footprint and production base.
• Financing: The purchase was funded through borrowings under Diversified’s senior secured revolving credit facility, demonstrating the Company’s continued access to capital markets and its ability to execute on strategic growth initiatives.
• Regulatory Disclosure: The acquisition was previously announced on February 26, 2026, and the Purchase Agreement was filed as Exhibit 2.1 to the Company’s earlier Form 8-K. Today’s filing confirms the closing of the transaction and integrates the details into the official record.

Potential Shareholder Impact & Price-Sensitive Information

• Growth and Value Creation: The completion of this acquisition is a clear signal of management’s active portfolio expansion strategy. By increasing its wells and leasehold interests, Diversified is positioning itself for greater production volumes and potential revenue growth, which could positively impact future cash flows and possibly the share price.
• Leverage and Financing: The use of the revolving credit facility to fund the transaction highlights the Company’s leverage strategy. Investors should monitor future updates to ensure the debt remains manageable and accretive to shareholder value.
• Pending Financial Disclosures: Importantly, the Company has indicated that it will file the required financial statements for the acquired business, as well as pro forma financial information, by amendment to this Form 8-K within 71 days. These filings could provide critical insights into the earnings impact and financial integration of the acquired assets.
• Regulatory Compliance and Transparency: The Company has adhered to SEC disclosure rules and will keep investors informed of material developments. No written communications, tender offer materials, or soliciting materials under SEC rules have been filed in connection with this transaction.

What Investors Should Watch For

• Financial Statements and Pro Forma Data: The upcoming amendments to the Form 8-K, which will include audited financials and pro forma information, are crucial for investors. These documents will allow shareholders to assess the true earnings power and risk/reward profile of the newly acquired assets.
• Integration Progress: How effectively Diversified integrates these assets—operationally and financially—will be a key driver of share performance in the coming quarters.
• Debt Levels: Any substantial increase in leverage should be evaluated in the context of cash flow generation and asset quality.

Additional Information

• Trading Symbol: DEC
• Exchange: New York Stock Exchange (NYSE)
• Entity Information: Diversified Energy Company, incorporated in Delaware, EIN: 41-2283606
• Principal Office: 1600 Corporate Drive, Birmingham, AL 35242

Corporate Signatory

This report was signed on behalf of Diversified Energy Company by Benjamin M. Sullivan, Senior Executive Vice President, Chief Legal and Risk Officer, and Corporate Secretary, dated May 1, 2026.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors should review official SEC filings and consult with a professional adviser before making any investment decisions. The information above is based on SEC filings and is subject to change as additional disclosures and financial statements become available.

View Diversified Energy Co Historical chart here