Mizuho Securities analyst Nitin Kumar sets a new price target of $27 for NYSE:DEC, indicating a potential upside of 73.3%.DEC's acquisition of Canvas Energy marks a significant step in its expansion strategy, drawing attention from major analysts.The stock has experienced positive momentum, with a recent increase of $0.71 or 4.77%, showcasing investor optimism.Diversified Energy Company PLC (NYSE:DEC) is a prominent player in the energy sector, focusing on the acquisition and management of energy assets. Re ...

Core Viewpoint - Diversified Energy Company is conducting a conference call to discuss its acquisition of Canvas Energy, highlighting the strategic importance of this transaction [2]. Group 1: Acquisition Details - The call features key executives from Diversified Energy, including the Founder and CEO, Rusty Hutson, and President and CFO, Brad Gray, indicating a high level of corporate engagement in the acquisition process [2]. - A slide deck has been made available to provide additional context and details regarding the acquisition, suggesting a structured approach to communicating the transaction [2]. Group 2: Financial and Operational Outlook - The remarks during the call reflect the financial and operational outlook as of September 9, 2025, emphasizing the importance of timing in financial assessments [3]. - The discussion includes references to non-GAAP and non-IFRS financial measures, indicating a focus on providing a comprehensive view of the company's financial health beyond standard accounting practices [3].

Core Viewpoint - Carrier Connect Data Solutions Inc. is focused on expanding its operations in the Tier II/III data center market, particularly for co-location services, and will present its progress and future plans at an upcoming conference [1][2]. Company Overview - Carrier Connect Data Solutions Inc. aims to roll up Tier II/III data centers internationally, providing co-location and data center solutions to various clients, including AI companies, service providers, enterprises, and small businesses [4]. - The company operates as a carrier-neutral organization, meaning its systems are independent and fully owned within its leased space [4]. - The primary markets for Carrier Connect are Vancouver, Canada, and Perth, Australia, where it serves clients who utilize its facilities as either their main data center or as a supplementary site [4].

Summary of Diversified Energy Company Conference Call on Acquisition of Canvas Energy Company and Industry - **Company**: Diversified Energy Company (NYSE: DEC) - **Acquisition Target**: Canvas Energy, a privately held company based in Oklahoma City - **Industry**: Energy sector, specifically focused on oil and natural gas production Core Points and Arguments 1. **Acquisition Announcement**: Diversified Energy Company announced the acquisition of Canvas Energy for approximately $550 million, which is expected to close in Q4 2025 pending regulatory approval [4][8][9] 2. **Production Increase**: The acquisition is projected to increase Diversified's production by approximately 13%, adding around 147 million cubic feet or 24,000 barrels of oil equivalent per day, with a commodity split of 57% liquids and 43% natural gas [6][15] 3. **Financial Metrics**: The acquisition is anticipated to generate approximately $155 million in EBITDA over the next 12 months, representing an 18% increase to the current base, and a 29% increase in free cash flow [7][15] 4. **Asset Quality**: Canvas Energy adds approximately 240,000 net acres and enhances Diversified's low-decline production profile, with total crude reserves valued at approximately $1.4 billion on a PV10 basis [7][10] 5. **Funding Structure**: The acquisition will be funded through a combination of asset-backed securitization funding of up to $400 million and approximately 3.4 million shares of Diversified, maintaining a leverage-neutral transaction [8][9] 6. **Strategic Growth**: The acquisition aligns with Diversified's strategy of consolidating high-quality, cash-generating energy assets and optimizing existing long-life U.S. assets [4][5] 7. **Operational Synergies**: The company expects to achieve significant operational synergies through the integration of Canvas's assets, enhancing cash generation and operational efficiency [11][14] 8. **Market Position**: The acquisition reinforces Diversified's position as a leading player in the Oklahoma market, with a combined acreage footprint of approximately 1.6 million acres [10][15] Additional Important Content 1. **Carlyle Partnership**: This acquisition marks the first transaction utilizing the Carlyle strategic funding partnership, which is expected to facilitate future acquisitions of high-quality assets [9][23] 2. **Focus on Undeveloped Acreage**: Diversified is exploring opportunities for joint ventures or divestitures on undeveloped acreage acquired from Canvas, particularly in high-potential areas like the Scoopstack region [26][34] 3. **G&A Structure**: The corporate general and administrative expenses at Canvas are estimated to be around $25 million to $30 million, which Diversified plans to consolidate effectively [46] 4. **Interest Rate and Maturity Terms**: The interest rates for the asset-backed securitization are expected to be favorable due to declining treasury rates, with terms similar to previous ABS notes issued by Diversified [54] This summary encapsulates the key points discussed during the conference call regarding the acquisition of Canvas Energy by Diversified Energy Company, highlighting the strategic, financial, and operational implications of the transaction.

Sooner Synergy E x p a n d i n g L e a d e r s h i p P o s i t i o n i n O k l a h o ma A c q u i s i t i o n o f C a n v a s E n e r g y September 8, 2025 The information contained in this document (the "Presentation") has been prepared by Diversified Energy Company PLC ("Diversified" or the "Company"). This Presentation is for general information purposes only and does not constitute an invitation or inducement to any person to engage in investment activity. While the information contained herein has been ...

Core Viewpoint - Diversified Energy Co. PLC is acquiring Canvas Energy for $550 million, which will enhance its operations in Oklahoma and significantly boost production and cash flow metrics [1][4]. Group 1: Acquisition Details - The acquisition includes producing wells and undeveloped acreage in Major, Kingfisher, and Canadian counties [1]. - Canvas Energy produces approximately 147 million cubic feet equivalent per day, with reserves valued at nearly $690 million [1][2]. - The Oklahoma properties have EBITDA margins of about 70% and will immediately contribute to cash flow [2]. Group 2: Financial Impact - The acquisition is expected to increase production by 13%, adjusted EBITDA by 18%, and free cash flow by 29% [1]. - The deal will be funded through 3.4 million newly issued shares, up to $400 million in Carlyle-backed securitization, and existing cash and borrowing capacity [4]. Group 3: Strategic Importance - The CEO described the acquisition as a "perfect fit" that enhances the company's scale and cash flow, indicating a strong alignment with future growth strategies [3]. - The overlapping infrastructure from the acquisition is anticipated to reduce costs and improve operational efficiency [2][4].

Core Viewpoint - Diversified Energy Company is expanding its leadership position in Oklahoma through the acquisition of Canvas Energy for approximately $550 million, which is expected to enhance its financial performance significantly by increasing adjusted EBITDA and free cash flow [1][2][5]. Transaction Highlights - The acquisition will add approximately 23 high-quality wells and complementary operated producing properties in Oklahoma, leading to an estimated 18% increase in adjusted EBITDA and a 29% increase in free cash flow [1][5]. - The current production levels for Diversified and Canvas are approximately 1,135 MMcfe/d and 147 MMcfe/d, respectively, with a commodity mix of 73% natural gas for Diversified and 43% for Canvas [4]. - The acquisition is expected to close in the fourth quarter of 2025 and will be funded through a combination of cash, asset-backed securitization, and the issuance of approximately 3.4 million shares to the seller [5][7]. Financial Metrics - The estimated NTM adjusted EBITDA for Canvas is approximately $155 million, contributing to a combined estimated adjusted EBITDA of around $850 million for Diversified [4][5]. - The purchase price represents a multiple of approximately 3.5x on NTM EBITDA, with Canvas having a PV-10 of total proved reserves estimated at $1.4 billion [4][5]. Strategic Rationale - The acquisition is expected to create meaningful synergies and operational efficiencies due to significant overlap in Central Oklahoma, with a combined operational footprint of approximately 1.6 million net acres [5][6]. - Diversified's established integration playbook is anticipated to unlock sustainable value through effective integration of the acquired assets [2][6]. Management Commentary - The CEO of Diversified Energy emphasized that this acquisition strengthens the company's footprint in Oklahoma and provides opportunities for margin enhancement and cash flow growth [6].

Summary of Diversified Energy Company (DEC) FY Conference Call Company Overview - **Company Name**: Diversified Energy Company (DEC) - **Ticker**: DEC - **Market Capitalization**: Approximately $1.3 billion [4] - **Enterprise Value**: Approximately $3.6 billion [4] - **Production**: Approximately 1.2 Bcfe per day of natural gas, equivalent to just under 200 MBOEs daily [5] Core Business Model - Focus on optimizing free cash flow through strategic acquisitions [6] - Operates mature producing assets rather than developing new ones [7] - Significant growth in the Central region (Oklahoma, Texas, Louisiana) with 65% of production from this area [8] - Recent acquisition of Maverick Natural Resources for $1.3 billion, enhancing scale in Oklahoma and entry into the Permian Basin [9] Financial Performance - Achieved over 310% increase in adjusted EBITDA over the past five years [17] - Second quarter production was approximately 1,150 MMcfe per day [17] - Free cash flow generation and steady growth in revenue and adjusted EBITDA [17] - Repurchased approximately $43 million of shares, about 4% of shares outstanding [18] Capital Allocation Strategy - Balanced capital allocation strategy focusing on debt reduction, shareholder returns, and accretive acquisitions [18] - Returned over $2 billion to shareholders through dividends, repurchases, and debt repayments over the past seven years [20] - Guidance for free cash flow generation this year is $420 million, with dividends fixed at $1.01 per share [46] Risk Management - High degree of hedging in commodity prices, approximately 80-85% hedged in the near term [12] - Focus on reducing environmental risks, achieving a 99.5% leak-free status [15][16] - Corporate decline rate is just under 10%, with strategies in place to mitigate this through acquisitions and partnerships [36] Strategic Partnerships - Partnership with The Carlyle Group, which has ring-fenced approximately $2 billion for acquisitions [22] - Carlyle provides both debt and equity financing, allowing DEC to grow its asset base without consolidating debt on its balance sheet [57] Industry Trends and Opportunities - Participation in the growing demand for natural gas, particularly in data centers and LNG markets [24][25] - Incremental revenue generation from capturing coal mine methane, yielding higher prices due to environmental credits [41] - Focus on optimizing existing assets through smarter asset management practices [30] Conclusion - Diversified Energy Company positions itself as a leader in acquiring and optimizing mature producing assets, with a strong focus on cash flow generation and shareholder returns. The strategic partnerships and risk management practices further enhance its growth potential in the evolving energy landscape.

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Group 1 - The company filed a regulatory document regarding its own share purchase on August 14th, 2025 [1] - The document is available only in French [1] - The attachment includes a declaration of the share buyback dated August 18, 2025 [1]