Right Company, Right Time A Solutions Based Approach to Responsibly Produce Energy & Create Shareholder Value AUGUST 2025
The information contained in this document (the Presentation) has been prepared by Diversified Energy Forward-looking statements speak only as of their date and neither the Company nor the Group nor any of its respective Company PLC…
WHO ARE WE: OPERATOR OF U.S. ONSHORE DEVELOPED ASSETS Appalachian Region: Appalachian Investment Highlights 35% of Production Basin Growth Through Accretive Acquisitions Total Combined Production: Production has increased 30x since…
THE PUBLICLY TRADED CHAMPION OF THE PDP SUBSECTOR Dynamic Multi-Basin Rollup Strategy Demonstrated Commitment to Returns Extensive operational footprint establish platform to Returns-focused model prioritizes Free Cash Flow for capture…
MULTI-DIMENSIONAL FOCUS ON OPTIMIZATION DRIVES RESULTS Demonstrated Path of Accretive Growth Second Quarter Financial & Operating Highlights Production Mmcfe/d 5-year Growth Production Exit Rate of 1,135 MMcfe/d 1149 2Q 2025 avg.…
EXECUTING ON OUR STRATEGY- CREATING VALUE IN 1H 2025 Total stakeholder returns since 2017 IPO include 2.0 billion in shareholder returns and debt principal payments Systematic Debt Reduction Strategic Share Repurchases 130 million…
MARRYING ATTRACTIVE ASSETS WITH RISK-ADJUSTED CAPITAL Non-Dilutive Financing & Surety of Capital Shale Maturation Creates Compelling Acquisition Market Maintain capital flexibility, support long-term growth, and Growth-oriented E&Ps…
APPALACHIA AT THE CROSSROADS OF ENERGY AND AI Bruce Mansfield 2025 Energy and Innovation Summit - Pittsburgh, PA Datacenter Senator Dave McCormick hosted POTUS, regulators, and CEOs of the largest Energy and Data Center corporations,…
Disciplined Strategy Positioned to Take Advantage of Opportunities and Navigate Commodity Price Cycles
DELIVERING ON A DE-RISKED PRODUCTION MODEL Commodity Price Risk Diversifieds business model reduces Dynamic hedging sustains realized pricing and delivers exposure to typical industry risk factors consistent cash margins Oil & Gas…
A DISTINCTIVELY CAPITAL-EFFICIENT BUSINESS MODEL 44% Annual Production Decline (%) Peer Average 33% 35% 30% 25% 26% 22% 24% 10% DEC Peer 1 Peer 2 Peer 3 Peer 4 Peer 5 Peer 6 Peer 7 Capital 11% 73% 57% 58% 91% 83%…
LEVERAGE APPROPRIATE & TRACKS TO BUSINESS MODEL ATTRIBUTES Leverage Profile Typical of Consistent Generation of Strategy Characterized by High Margin Sectors Meaningful Cash Flow Low Capital Intensity 5.7x 585 million of…
STRATEGIC RATIONALE FOR ABS FINANCINGS Diversifieds long-life, low-decline and high-quality reserves Provides stable and predictable cash flows for investors ABS Benefits to Diversified An established track record of stable asset…
OKLAHOMA JOINT DEVELOPMENT CREATING VALUE & OPTIONALITY Drilling Activity Cherokee Formation Attractive Well Level Economics 25 program IRR: 60% - IP: 960 BOPD/ 3,872 MCFD Average 2025 CLL: 11,121 ft Average gross D&C: 11.3 MM…
COAL MINE METHANE ADDING CASH FLOW, EXPANDING MULTIPLE Adding Revenue Streams Expanding Opportunity Set Leveraging Existing Assets Creating Net Zero Gas Alternative Energy Credits (AEC) Diversified is actively engaging Suitability of…
STRATEGIC PARTNERSHIP GROWS COAL MINE METHANE OPPORTUNITY Accelerated Data Center Deployment Supplying up to 360 megawatts of electricity in Kentucky, Virginia and West Virginia Expected to provide on-site, continuous power…
Acquisition Update Transactions Increase Scale and Improve Margins
GROWTH IN SCALE THROUGH SUCCESSFUL ACQUISITION STRATEGY (a) Daily Production (MMcfe/d) 30x Growth in Production 1,20 2 811 821 711 599 50 9 246 39 2017 2018 2019 2020 2021 2022 2023 2024PF 2024 2017 2018 2019 2020…
CORPORATE INFRASTRUCTURE OUR VALUABLE ADVANTAGE Unique Infrastructure PLATFORM Built to be Accretive Consolidator Field Operations Midstream/Marketing Corporate Emissions Reduction Well Retirement Significant Operating Scale Top…
A COMPELLING OPPORTUNITY: MAVERICK NATURAL RESOURCES Number of Operated Basins Current Production (MMcfe/d)(a) Increases production by 40%, liquid weighting by Multi-Dimensional Value Overlap in Anadarko and Ark-La-Tex; Entry to…
ACQUISITION DRIVES SIGNIFICANT FREE CASH FLOW GROWTH Complementary Cash Flow Profiles Commodity Diversification and Hedging Robust and sustainable cash flow profiles from Balanced weighting of gas and liquids revenues, Diversified and…
POST-ACQUISITION SYNERGIES CREATING STRONG OUTCOMES Leveraging Scale for Meaningful G&A Efficiencies Pipeline Deal Highlights Benefits of Scale Full field level integration completed in second quarter; technology & administrative…
New Life for Existing Producing Assets Implementing Innovate Strategies and Promoting Technological Improvements
MODERNIZING OPERATIONS THROUGH TECHNOLOGY Modern Field Developing a Scalable Platform Management Philosophy with Low Total Cost of Ownership Common Systems enhance process efficiency, reliability Cloud First / Wireless First…
OPERATIONAL INSIGHTS DRIVEN BY TECHNOLOGY INVESTMENTS Well-Level Data Capture Cloud-Based Infrastructure Real-Time Monitoring Emissions Detection Data + Human interaction of Enables remote access to data, Leverage data visualization…
ENHANCING CASH FLOWS WITH SMARTER ASSET MANAGEMENT Supply Contracts with LNG Exporters Wholly-Owned Processing Facilities Establishes premium to regional pricing Eliminates third-party processing costs Supplements robust hedging…
SMARTER ASSET MANAGEMENT OPTIMIZING ASSET PERFORMANCE Focused Workover Program Operating 2 workover rigs in the central region for maintenance as well as rod lift installs to optimize production Disciplined Approach Managing…
DIAMOND IN THE ROUGH Strategic Purchase in April 2022 Acquired for 10 million includes two processing plants and FERC BLACK BEAR Processing Facility regulated NGL pipeline DeSoto Parish, LA (central region) Cotton Valley and…
Priorities & Performance Unlocking the Path to Emissions Improvement and Measurable Impact
CONTINUED COMMITMENT TO STRONG SUSTAINABILITY PRACTICES GOLD Disclosed State-by-State Enhanced Biodiversity & Published 2023 ESG 2023 Best ESG Report Achieved AA Rating Awarded OGMP 2.0 Economic Analysis Climate Risk Disclosures…
DEPLOYED METHANE DETECTION TECHNOLOGY Teledyne FLIR Si124(a) Teledyne FLIR GT-44 We are leaders in methane detection an industrial acoustic imaging a handheld detection device camera capable of locating capable of detecting leaks as…
INVESTING IN EMISSIONS RESOURCES: FIXED DETECTORS Deploying Continuous Monitors Technology Nubo Sensirion Qube Primary Use Continuous Leak Detection Continuous Leak Detection & Measurement Measurement Range 2 ppm plus 0.1 scfh…
2023 FIELD TRIALS - NEW TECHNOLOGY: LASER OPTICAL GAS IMAGING (OGI) Working collaboratively with states to address federal requirements Held technical meetings in 2023 Conducted multiple field trials in 2023 with efficient Laser OGI…
NEXT LVL ENERGY: SETTING A NEW STANDARD FOR RETIREMENT Differentiated Outlook on Asset Retirement Stewardship from acquisition to retirement ensures Positioned to Lead in sustainable operations for the lifetime of assets Appalachian…
Powerful Path Forward for 2025 and Beyond The Only Publicly Traded Champion of the PDP Subsector
CHANGING THE MINDSET OF MODERN PRODUCTION MANAGEMENT Diversified IS Diversified IS NOT A responsible steward of PDP assets which leverages technology A negligent operator of aging properties that disregards and scale to enhance…
AND WE CAN DELIVER RESULTS TO MULTIPLE STAKEHOLDERS Generation of High Cash Margins Reduction of Methane Emissions Modern field management drives efficient operations Every molecule retained increases sale volumes PDP strategy at…
GET STUFF DONE GSD SIGNIFICANT OPPORTUNITY AHEAD Growth Profitability Shareholder Focus Carlyle 2B Strategic Partnership: Synergistic Platform: Leveraging Scale Established Ability to Generate Expanding PDP Operations and…
A POWERFUL STEP FORWARD- 2025 COMBINED COMPANY OUTLOOK 2025 Guidance Range(a) 2025 Pro Forma Commentary(b) Low High Total Production (Mmcfe/d) 1,050 1,100 Pro Forma midpoint production guidance of % Liquids 25% 1,150 Mcfe/d…
Supplemental Financials For the Six Months Ended June 30, 2025
CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME Audited YTD June 30, 2025 June 30, 2024 Revenue 778,065 368,674 Operating expenses (345,605) (196,112) Depreciation, depletion and amortization (164,205) (119,220) Gross profit 268,255…
CONSOLIDATED BALANCE SHEET Audited Audited YTD YTD June 30, 2025 June 30, 2024 June 30, 2025 June 30, 2024 EQUITY AND LIABILITIES ASSETS Shareholders' equity: Non-current assets: Share capital 20,695 12,793 Natural gas and oil…
CONSOLIDATED STATEMENT OF CASH FLOWS Audited Audited YTD YTD June 30, 2025 June 30, 2024 June 30, 2025 June 30, 2024 Cash flows from operating activities: Cash flows from investing activities: Net income (loss) (33,926) 15,745…
ALTERNATIVE PERFORMANCE METRICS As used herein, EBITDA represents earnings before interest, taxes, depletion, depreciation and amortization. adjusted EBITDA includes adjusting for items that are not comparable period-over-period,…
ALTERNATIVE PERFORMANCE METRICS As used herein, net debt represents total debt as recognized on the balance sheet less cash and restricted cash. Total debt includes our borrowings under the Credit Facility and borrowings under or…
ALTERNATIVE PERFORMANCE METRICS As used herein, free cash flow represents net cash provided by operating activities, less expenditures on natural gas and oil properties and equipment, and cash paid for interest. We Free Cash Flow…
Corporate 1600 Corporate Drive Birmingham, Alabama 35238-1087 (USA) div.energy div.energy Douglas Kris Kevin OBrien Senior Vice President Director Investor Relations & Investor Relations Corporate Communications…