Diversified Energy Demonstrates Innovation, Collaboration, and Responsibility in 2024 Sustainability Report

Rhea-AI Summary

Diversified Energy Company (NYSE: DEC) has released its sixth annual Sustainability Report, showcasing significant environmental and operational achievements in 2024. The company, positioning itself as the champion of managing proved, developed, producing (PDP) assets, reported notable improvements in several key areas:

• Reduced methane intensity by ~13% year-over-year to 0.7 MT CO2e per MMcfe, marking a 56% reduction since 2020
• Achieved a 30% reduction in Total Recordable Incident Rate (TRIR) and a 38% decrease in motor vehicle incidents
• Eliminated or converted 459 pneumatic devices to non-emitting status
• Conducted 152,000 voluntary emission detection surveys with a ~98% no-leak rate
• Maintained Oil and Gas Methane Partnership 2.0 Gold Standard for third consecutive year

The company's economic impact remained strong, contributing over $1 billion to state GDPs for the third consecutive year, while community outreach included $2.1 million in contributions and support programs, with 25% directed to socio-economically disadvantaged regions.

Methane intensity improves by ~13%, a 56% reduction since 2020

Improved personal safety performance across the Company, including a 30% reduction in TRIR from 2023

Activities contributed $1 Billion to state GDPs for a third consecutive year

BIRMINGHAM, Ala., April 03, 2025 (GLOBE NEWSWIRE) -- Diversified Energy Company PLC (LSE: DEC) (NYSE: DEC) ("Diversified," "DEC," or the "Company") is proud to release its sixth annual Sustainability Report, Winning Through Collaboration, highlighting the Company's sustainability actions and achievements in 2024. As the champion of the strategy of managing proved, developed, producing (PDP) assets, Diversified is the only publicly traded company dedicated to this approach, leveraging operational scale, vertical integration, and a proprietary technology platform to drive efficiency and long-term value.

With Diversified’s Smarter Asset Management approach to asset stewardship, combined with the inherent benefits of natural gas, the Company is well-positioned to meet modern energy challenges while delivering the reliable, lower-carbon energy needed to balance growing demand with innovation in energy supply. The report details Diversified's continued progress in advancing operational excellence, reducing environmental impacts, and enhancing employee safety. Key highlights include:

Protecting Our Environment

• Reduced methane intensity by ~13% year-over-year to 0.7 MT CO2e per MMcfe; a 56% reduction as compared to 2020 baseline (1.6 MT CO2e per MMcfe)
• 459 pneumatic devices and pumps were eliminated or converted to non-emitting through the work of DEC’s Pneumatics Task Force and individual field teams
• Conducted 152,000 voluntary emission detection surveys; maintaining a ~98% no-leak rate company-wide on surveyed assets
• Achieved a third consecutive year of Oil and Gas Methane Partnership 2.0 (OGMP) Gold Standard

Supporting Our Employees

• Improved personal safety performance with a 30% reduction in TRIR while simultaneously realizing a 52% reduction in contractors with a high TRIR score
• Our 2024 motor vehicle incident rate was 0.34 incidents per miles driven, a 38% decrease from 2023 even as we increased our total number of miles driven by nearly 11%
• Introduced new employee physical and mental wellness programs
  

Serving Our Communities

• Contributed over $1 billion of economic impact to state GDPs through employment and operations for a third consecutive year
• Strengthened community outreach efforts to include $2.1 million in community contributions, grants and support programs
  • More than 25% of community outreach was distributed to socio-economically disadvantaged geographic regions
    

Commenting on the report, CEO Rusty Hutson, Jr. said:

“Diversified Energy remains committed to delivering reliable, affordable, and sustainable energy. In 2024, our OneDEC culture flourished, empowering our employees to drive innovation, collaborate, and share knowledge, turning ideas into real solutions. Our Sustainability Report highlights our focus on responsible operations, from reducing emissions to safely retiring wells, all while supporting communities and local economies. As the publicly traded PDP Champion, executing the differentiated strategy focused on improving currently producing assets, we are proud to be the Right Company at the Right Time, providing critically needed energy while leading the way in sustainability.”

View the 2024 Sustainability Report online at div.energy/sustainability/

For further information, please contact:

Diversified Energy Company PLC
Doug Kris	+1 973 856 2757
Senior Vice President, Investor Relations & Corporate Communications	dkris@dgoc.com

FTI Consulting
U.S. & UK Financial Public Relations	dec@fticonsulting.com

About Diversified Energy Company PLC

Diversified is a leading publicly traded energy company focused on natural gas and liquids production, transport, marketing, and well retirement. Through our differentiated strategy, we acquire existing, long-life assets and invest in them to improve environmental and operational performance until retiring those assets in a safe and environmentally secure manner. Recognized by ratings agencies and organizations for our sustainability leadership, this solutions-oriented, stewardship approach makes Diversified the Right Company at the Right Time to responsibly produce energy, deliver reliable free cash flow, and generate shareholder value.

FAQ

What environmental improvements did DEC achieve in 2024?

DEC reduced methane intensity by 13% to 0.7 MT CO2e per MMcfe, eliminated 459 pneumatic devices, and maintained a 98% no-leak rate across 152,000 emission detection surveys.

How much did DEC invest in community support during 2024?

DEC contributed $2.1 million in community support, with over 25% directed to socio-economically disadvantaged regions.

What safety improvements did DEC report in 2024?

DEC achieved a 30% reduction in Total Recordable Incident Rate and a 38% decrease in motor vehicle incidents, despite an 11% increase in miles driven.

How has DEC's methane intensity changed since 2020?

DEC has reduced its methane intensity by 56% since 2020, from 1.6 MT CO2e per MMcfe to 0.7 MT CO2e per MMcfe in 2024.

What was DEC's economic impact on state GDPs in 2024?

DEC contributed over $1 billion to state GDPs through employment and operations, marking the third consecutive year at this level.