Diversified Energy (DEC) Registration Filing summary

Company overview and business model

• Operates as a leading independent energy company focused on natural gas and liquids production, transportation, marketing, and well retirement, primarily in the Appalachian and Central U.S. regions.

• Pursues a strategy of acquiring long-life assets with low decline rates and enhancing value through operational improvements and vertical integration.

• Emphasizes environmental stewardship and modern field management to generate cash flows and maximize shareholder returns.

Financial performance and metrics

• Financial statements are prepared in accordance with IFRS and presented in U.S. dollars; fiscal year ends December 31.

• Incorporates by reference audited financials as of December 31, 2023, and unaudited interim results as of June 30, 2024.

• Ordinary shares outstanding as of June 30, 2024: 47,305,179; offering increases this to 49,554,829, excluding options.

Use of proceeds and capital allocation

• No proceeds will be received by the company from the offering; all proceeds go to the selling shareholder.

• Recent acquisitions funded through a mix of share issuance and borrowings under credit facilities.