DEC · Diversified Energy Company PLC

Summary

Diversified Energy Company PLC filed unaudited pro forma condensed combined financial information for the year ended December 31, 2025, reflecting the Canvas asset acquisition on November 24, 2025, and Maverick business combination on March 14, 2025, as if both occurred on January 1, 2025. The pro forma statements show combined total revenue of $2,263,210 thousand and net income attributable to DEC of $420,808 thousand.

Key takeaways

• Canvas Transaction: Acquired Canvas Energy Inc. assets on November 24, 2025 for 3,718,209 new shares and $399 million cash (including $13 million transaction costs)
• Maverick Transaction: Acquired Maverick Natural Resources, LLC on March 14, 2025 for 21,194,213 new shares and $211 million cash ($21 million transaction costs)
• Pro forma total revenue: $2,263,210 thousand for year ended December 31, 2025
• Pro forma net income attributable to DEC: $420,808 thousand
• Pro forma diluted EPS attributable to DEC: $4.23
• Funded Canvas cash portion with $400 million ABS securitization