Diversified Energy is strengthening its position in Oklahoma with the acquisition of Canvas Energy for approximately $550 million. The acquisition is expected to increase Adjusted EBITDA and Free Cash Flow by 18% and 29%, respectively. The transaction is funded through a mix of cash, shares, and a structured asset-backed securitization. Diversified Energy plans to leverage its strategic partnership with Carlyle for funding future acquisitions. The acquisition complements Diversified’s existing assets in Oklahoma and is anticipated to unlock significant value through synergies and operational optimization. The transaction is expected to close in the fourth quarter of 2025.

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