Company Overview

Diversified Energy Company plc (NYSE: DEC; LSE: DEC) is an independent energy company focused primarily on the production, transportation, marketing, and well retirement of natural gas and natural gas liquids in the United States. The company operates principally within the Appalachian Basin and, following acquisitions in recent years, has expanded into additional U.S. producing regions including the Central Region. Its business model centers on acquiring mature, long-life upstream energy assets with predictable decline profiles and optimizing them through operational efficiencies, vertical integration, and infrastructure ownership.

The company’s primary revenue drivers are natural gas production, natural gas liquids sales, oil production, and related midstream operations. Diversified Energy is differentiated by its emphasis on low-decline conventional assets, extensive ownership of gathering and compression infrastructure, and an operational strategy focused on cash flow generation and asset stewardship. Originally founded in 2001 by Rusty Hutson Jr., the company grew through a series of acquisitions of mature producing wells and infrastructure assets, ultimately listing publicly in London before later establishing a U.S. listing on the New York Stock Exchange.

Business Operations

Diversified Energy organizes its operations around upstream production and midstream infrastructure activities. Its core business includes ownership and operation of conventional natural gas and oil wells, as well as associated gathering systems, compressor stations, water infrastructure, and transportation assets. Key operating areas include the Appalachia and Central Region business segments, with production concentrated in states such as West Virginia, Pennsylvania, Ohio, Kentucky, Oklahoma, Louisiana, and Texas. Revenue is generated primarily through the sale of produced hydrocarbons and related marketing activities.

The company also controls significant midstream and field infrastructure assets that support production optimization and cost management. Diversified Energy has pursued vertical integration through ownership of gathering systems and compression operations, helping reduce operating costs and improve reliability across mature asset portfolios. Major transactions have included acquisitions of producing assets from large energy companies and private operators, including assets associated with Tapstone Energy, Tanos Energy Holdings, and certain Appalachian properties acquired from larger exploration and production companies. The company has also developed strategic partnerships related to well retirement and emissions management initiatives.

Strategic Position & Investments

Diversified Energy’s strategy is focused on acquiring mature, cash-generating energy assets with long reserve lives and improving operational performance through scale efficiencies, infrastructure integration, and cost discipline. The company has consistently emphasized free cash flow generation, shareholder returns, and responsible asset retirement management as central components of its long-term strategy. Public filings and investor materials indicate that management prioritizes disciplined acquisitions in established producing basins rather than high-risk exploration activity.

The company has invested in emissions reduction technologies, methane monitoring, and well retirement programs aimed at addressing environmental and regulatory obligations associated with aging conventional assets. Diversified Energy has also expanded its exposure to carbon management and sustainability-focused initiatives tied to methane abatement and plugging operations. Acquisitions of mature upstream assets and complementary infrastructure remain a key growth mechanism, with management identifying consolidation opportunities across fragmented conventional energy markets in the United States.

Geographic Footprint

Diversified Energy is headquartered in Birmingham, Alabama, with operational activities spanning multiple U.S. energy-producing regions. Its largest operational presence historically has been in the Appalachian Basin, particularly across West Virginia, Pennsylvania, Ohio, and Kentucky. Through subsequent acquisitions, the company expanded into the Central Region, including operations in Oklahoma, Texas, and Louisiana.

Although its producing assets are entirely U.S.-based, Diversified Energy maintains an international capital markets presence through listings on both the London Stock Exchange and the New York Stock Exchange. The company’s investor base includes U.S. and international institutional investors, and its operational scale gives it influence across mature conventional energy markets in North America.

Leadership & Governance

Diversified Energy was founded by Rusty Hutson Jr., who has played a central role in shaping the company’s acquisition-driven growth strategy and operational philosophy focused on long-life assets, disciplined capital allocation, and infrastructure integration. Corporate governance is overseen by a board of directors and executive leadership team with backgrounds in upstream energy operations, finance, engineering, and capital markets.

Key executives include:

• Rusty Hutson Jr. – Chief Executive Officer
• Eric Williams – Chief Financial Officer
• Brad Gray – President and Chief Operating Officer
• Teresa Odom – Chief Accounting Officer
• David Johnson – General Counsel and Company Secretary

Management has consistently communicated a strategy centered on operational sustainability, free cash flow generation, responsible asset stewardship, and long-term value creation through consolidation of mature energy assets. Public disclosures, including SEC filings and investor presentations, indicate continued emphasis on balancing production stability, environmental obligations, and shareholder returns.