Diversified Energy Company · NYSE:DEC

Diversified Energy — Q2 2025 Earnings Presentation

16 slides from Diversified Energy's earnings presentation, Aug 11, 2025

  1. Slide 1: Energy Optimized: Second Quarter Results Presentation

    Energy Optimized DEC: The Only Publicly Traded Champion of the PDP Subsector Second Quarter Results Presentation August 11, 2025

  2. Slide 2: Disclaimer

    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 (“Diversified” or the "Company”). This Presentation is for genera

  3. Slide 3: Executing on Our Strategy - Creating Value in 1H 2025

    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 ~$43 million of debt principal payments value of shares repurchase

  4. Slide 4: Marrying Attractive Assets with Risk-Adjusted Capital

    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 and Private Equity sponsors recycling preserve shareholder value wh

  5. Slide 5: Appalachia at the Crossroads of Energy and AI

    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, which outlined significant investment in the region DEC Asset Map

  6. Slide 6: Multi-Dimensional Focus on Optimization Drives Results

    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. production of 1,149 MMcfe/d 769 95% • Maintained consolidated produc

  7. Slide 7: Acquisition Drives Significant Free Cash Flow Growth

    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 Maverick provide platform for combined with geographical diversif

  8. Slide 8: Oklahoma Joint Development Creating Value & Optionality

    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 (Average $/CLL: $1,016) Incremental Volume with Manageable Capex 45,

  9. Slide 9: Post-Acquisition Synergies Creating Strong Outcomes

    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 expected by end of third quarter Deal Details Diversified received two

  10. Slide 10: Smarter Asset Management Optimizing Asset Performance

    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 Costs DEC’s consistent workover program has allowed workovers to beat anti

  11. Slide 11: Diamond in the Rough

    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 Haynesville Basins Increased Processing Capacity Recently completed upgrad

  12. Slide 12: Market Leader in Free Cash Flow and Returns to Shareholders

    MARKET LEADER IN FREE CASH FLOW AND RETURNS TO SHAREHOLDERS FCF Yield vs Peers FCF Yield vs Sector Avg. 30.9% 30.9% 15.6% 11.5% Peer avg. Peer avg. 10.2% 7.8% 8.7% 8.0% 8.5% 8.4% 6.3% 3.9% 5.3% 2.9% 3.0% 3.2% 3.5% 3.5% -1.9% -0.6% -2.5% -2.8% Peer A Peer B Peer C Peer D Peer E Peer F Peer G Peer H P

  13. Slide 13: Unique Opportunity for Equity Upside

    UNIQUE OPPORTUNITY FOR EQUITY UPSIDE EBITDA Multiple vs Peers Peer Equivalent Synergies of $55+ million and liquids margin enhancement drive the Trading at $31 potential of additional EBITDA and Multiple increase above AVG. ~20% Discount Share Price To 5Yr Avg and Avg Peer 6.9x Multiple 6.7x 6.5x 6.

  14. Slide 14: A Powerful Step Forward - 2025 Company Outlook

    A POWERFUL STEP FORWARD- 2025 COMPANY OUTLOOK 2025 Guidance Range(a) FY 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 MMcfe/d (including full-year impact of Maverick acquisition) % Natural Gas 75% Adj. EBIT

  15. Slide 15: Get Stuff Done "GSD" - Significant Opportunity Ahead

    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 Operational Leverage Returns​: Over Seven of Cash Generation Reflec

  16. Slide 16: Corporate

    Corporate 1600 Corporate Drive Birmingham, Alabama 35238-1087 (USA) div.energy div.energy Douglas Kris Kevin O’Brien Senior Vice President Director Investor Relations & Investor Relations Corporate Communications dkris@dgoc.com kpobrien@dgoc.com dkris@dgoc.com kpobrien@dgoc.com +1 973 856 2757 +1 41

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