Diversified Energy Co (DEC) News & EventsDECDiversified Energy Co

Diversified Energy Acquires Birch Permian Holdings for $1.8 Billion

Diversified Energy announces 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 represents a strategic expansion of Diversified's Permian footprint, adding a scaled, operated position of proved developed producing assets in the heart of America's most productive oil basin. The acquired assets are expected to deliver strong, durable free cash flow and potential synergies from their contiguous location within Diversified's existing footprint. Importantly, the Acquisition establishes Diversified as a premier operator of Permian assets, creating a core, concentrated position for potential future consolidation of additional PDP assets as Permian Basin production continues to mature, representing a significant long-term opportunity for growth in PDP consolidation and operations. The Acquisition is valued at approximately $1.8 billion, which will be primarily funded through an issuance of an Asset Backed Securitization of approximately $1.5 billion through our 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 Company expects to close the Acquisition during the fourth quarter of 2026, subject to customary closing conditions. Further, Carlyle and Diversified have agreed to expand the scale of their strategic partnership from the original $2 billion framework to a broader collaboration through which the parties may pursue up to $10 billion of potential PDP acquisition opportunities over time, subject to mutual agreement and transaction-specific approvals.

Diversified Energy in Talks to Acquire Birch Resources for Over $1.7B

Diversified Energy is in advanced talks to acquire Birch Resources, which operates in the Permian Basin, for more than $1.7B in cash, people familiar with the matter told Bloomberg's David Carnevali. Diversified is poised to emerge as the winner in a competitive sale process and a deal for Birch could be announced in the coming weeks, said the sources.

S&P 500 Futures Rally 100 Points, Tech Sector Leads

S&P 500 futures staged a rip-roaring 100 point rally in the final hour of Monday's trading above 6,815 following CBS News headlines relating that President Trump deems the Iran war to be largely over, with Tech - particularly Semis and Hardware - ending the day as the best sector in the index.  Speaking to reporters this evening however, Trump has seemingly walked back the rhetoric interpreted as de-escalation with remarks that while he expects the war to be over soon, this will not happen this week.   In the opening hour of the evening session, the S&P 500 contract is down 0.3%, back below 6,800 mark, with Nasdaq 100 futures also falling back by 0.3% below the 25,000 level.The headline-roulette volatility was similarly apparent in the energy market, as WTI Crude Oil futures had fallen all the way down to $81 per barrel on the initial reports of Trump comments on Iran.  The evening session is seeing the contract trade north of $88.On Tuesday, traders will still tune in to CPI data, albeit the February release has been made less relevant by the stagflationary threat brought on by the Middle East escalation and oil markets shock uncorked last weekend.Check out this evening's top movers from around Wall Street, compiled by The Fly.HIGHER AFTER EARNINGS -HP Enterpriseup 1.1%ALSO HIGHER -Joby Aviationup 3.1% after announcement company will begin U.S. Operations in 2026 under White House Air Taxi ProgramDOWN AFTER EARNINGS -FreightCar Americadown 19.6%Myomodown 11.3%Yalla Groupdown 9.0%Yextdown 4.1%Casey's General Storesdown 2.2%Vail Resortsdown 1.2%ALSO LOWER -Diversified Energy Companydown 2.1% after equity offering