Diversified Energy posts pro forma net income $421.6M for 2025; diluted EPS $4.23 from combined acquisitions

Diversified Energy Co

Pro forma total revenue $2.26B, operating income $685M, net income $421.6M for year ended Dec 31, 2025.
Diluted EPS $4.23 vs. DEC historical $4.58; weighted shares increased to 99.4M diluted.
Canvas acquisition closed Nov 24, 2025 for $399M cash plus 3.7M shares; funded via $400M ABS note.
Maverick acquisition closed Mar 14, 2025 for $211M cash plus 21.2M shares; pro forma depletion rate $5.00/BOE.
Pro forma includes incremental interest of $26.9M from Canvas ABS note and $4.1M from credit facility.

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