Every material Form 8-K Diversified Energy Co has filed with the SEC since September 09, 2026, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Diversified Energy Company approved a new Diversified Gas & Oil Corporation Deferred Compensation Plan, effective January 1, 2027, letting named executive officers and certain U.S. non-employee directors defer pay. The filing describes a company match of 100% on base salary and short-term incentive deferrals up to 7% of pay above the Code Section 401(a)(17) limit, but gives no cost estimate or financial results.
Plan approved by the Compensation Committee on November 3, 2026, effective January 1, 2027
Participants may defer up to 80% of base salary, short-term incentive and long-term cash awards, and up to 100% of RSUs, PSUs and director retainers
Company match of 100% on base salary and short-term incentive deferrals, up to 7% of pay above the 401(a)(17) limit; no match on other deferrals
Diversified Energy reported third quarter 2026 results, with a net loss of $202 million that includes a $348 million loss on non-cash unsettled derivatives. Total commodity revenue rose to $470 million from $373 million a year earlier, while adjusted EBITDA fell to $256 million from $285 million and the company reiterated its full-year 2026 guidance. The Birch acquisition remains on track to close in the fourth quarter.
Q3 2026 net loss of $(202) million versus net income of $171 million in Q3 2025, including a $(348) million loss on non-cash unsettled derivatives
Total commodity revenue of $470 million in Q3 2026 versus $373 million in Q3 2025; adjusted EBITDA of $256 million versus $285 million
Full-year 2026 guidance reiterated: adjusted EBITDA of $960 million to $1.01 billion, excluding Birch; Birch closing expected in Q4 2026
Year-to-date share repurchases of $94 million; net debt-to-pro forma adjusted EBITDA of 2.66x as of September 30, 2026
On October 27, 2026, a Diversified Energy subsidiary signed an amendment to its revolving credit agreement. The amendment raises the borrowing base from $900 million to $1 billion and the aggregate maximum credit amounts from $1.5 billion to $2.5 billion, while cutting interest margins by 25 basis points. It also sets an earlier maturity date if the Nordic bonds remain outstanding, which would move the facility's maturity to January 8, 2029.
Borrowing base rises from $900 million to $1 billion; aggregate maximum credit amounts rise from $1.5 billion to $2.5 billion.
Truist Bank replaces KeyBank National Association as administrative agent; KeyBank is no longer a lender.
Interest margins are reduced by 25 basis points; maturity moves to October 27, 2030, or earlier, to January 8, 2029, if the 9.75% Nordic bonds due April 9, 2029 remain outstanding.
On October 26, 2026, ABS IX redeemed its $62 million in asset-backed notes using borrowings under the credit agreement.
Diversified Energy Company agreed on September 2, 2026 to acquire Birch Permian Holdings and related companies in a transaction with an aggregate purchase price of approximately $1.8 billion, including repayment of indebtedness. The deal adds about 46,000 net mineral acres in the Midland Basin plus midstream and water infrastructure, and is expected to close in the fourth quarter of 2026 subject to customary conditions. The company expects to fund roughly $1.5 billion through an asset-backed securitization, with the remainder from other sources including its revolving credit facility.
Aggregate purchase price of approximately $1.8 billion, subject to adjustments
Expected funding includes an asset-backed securitization of approximately $1.5 billion before closing
Merger Agreement requires a $50 million deposit; a $50 million termination fee applies in certain cases
Expected closing in the fourth quarter of 2026, subject to customary closing conditions
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every Diversified Energy Co filing is on SEC EDGAR ↗. 8-K briefs of other companies →