Diversified Energy Expanding Leadership Position in Oklahoma with Accretive Acquisition of Canvas Energy
1. Diversified Energy acquires Canvas Energy for ~$550 million. 2. Acquisition expected to boost EBITDA by 18%, free cash flow by 29%. 3. Diversified plans to leverage Carlyle partnership for funding the deal. 4. The acquisition complements existing assets in Oklahoma, enhancing operational synergy. 5. Completion expected in Q4 2025, subject to approval and conditions.