Diversified Energy Company Plc Stock Price, News & Analysis

Diversified Energy Company (DEC) has announced its final audited results for 2024, highlighting significant achievements and growth. The company delivered average net daily production of 791 MMcfepd with a December exit rate of 864 MMcfepd. Key financial metrics include total revenue of $946 million, operating cash flow of $346 million, and Adjusted EBITDA of $472 million.

Notable accomplishments include:

• Completion of approximately $2 billion in acquisitions, including the transformative $1.3 billion Maverick Natural Resources acquisition
• Year-end reserves of 4.5 Tcfe with PV10 of $3.3 billion
• Debt reduction of over $200 million through amortizing payments
• Shareholder returns of $105 million, including $21 million in share buybacks
• Maintained consistent operating costs despite industry pressures

The company expects over $50 million in annual synergies from the Maverick acquisition by year-end 2025 and projects a 300% increase in cash flow from CMM environmental credit sales in the next 24 months.

Diversified Energy Company (DEC) has announced its final audited results for 2024, highlighting significant achievements and growth. The company delivered average net daily production of 791 MMcfepd with a December exit rate of 864 MMcfepd. Key financial metrics include total revenue of $946 million, operating cash flow of $346 million, and Adjusted EBITDA of $472 million.

Notable accomplishments include:

• Execution of approximately $2 billion in acquisitions
• Retirement of over $200 million in debt principal
• Return of $105 million to shareholders, including $21 million in share buybacks
• Completion of the transformative $1.3 billion Maverick Natural Resources acquisition
• Year-end 2024 reserves of 4.5 Tcfe with PV10 of $3.3 billion

The company maintained consistent operating costs despite industry pressures and expects over $50 million in annual synergies from the Maverick acquisition by year-end 2025. DEC also achieved environmental milestones, reducing Scope 1 methane intensity by 13% from 2023.

Diversified Energy Company (NYSE: DEC) has completed its previously announced acquisition of Maverick Natural Resources. As part of the transaction, DEC has issued 21,194,213 new ordinary shares (Consideration Shares), which will be listed on the NYSE and rank equally with existing shares.

The Consideration Shares are expected to be admitted to trading on the London Stock Exchange at 8:00 a.m. (London time) on March 17, 2025. Following the acquisition, Maverick's CEO Rick Gideon will assume the role of Chief Operating Officer at DEC, effective March 18, 2025.

The company's total number of ordinary shares following the acquisition stands at 80,990,155, with each share carrying one voting right. Citi acted as the primary financial advisor, while KeyBanc Capital Markets, Truist, and Stifel provided additional advisory services for the transaction.

Diversified Energy Company PLC (LSE:DEC, NYSE:DEC) announces successful shareholder approval for the proposed acquisition of Maverick Natural Resources. The resolution, which authorizes the allotment and issuance of consideration shares for the acquisition, received substantial support at the General Meeting held on March 10, 2025.

A significant milestone was achieved as the Hart-Scott-Rodino Antitrust Improvements Act waiting period expired on March 7, 2025, satisfying a important condition for the transaction's completion. The company expects to finalize the acquisition before the end of Q1 2025.

Diversified Energy (NYSE: DEC) has announced a strategic partnership with FuelCell Energy and TESIAC to form an Acquisition and Development Company (ADC) aimed at providing power solutions for data centers. The collaboration targets supplying up to 360 megawatts of electricity to three locations in Virginia, West Virginia, and Kentucky.

The partnership will leverage Diversified Energy's natural gas and coal mine methane (CMM) production, FuelCell Energy's advanced fuel cell technology, and TESIAC's infrastructure financing expertise. The project involves converting methane to hydrogen through an electrochemical process, generating power with virtually zero air pollution emissions.

Key features include:

• Behind-the-meter solutions providing on-site, continuous power generation
• Innovative capital structuring for faster deployment
• Carbon-optimized power generation using captured methane
• Potential creation of hundreds of well-paying jobs in construction, operation, and maintenance

Diversified Energy (NYSE: DEC), FuelCell Energy, and TESIAC have announced a strategic partnership to form an Acquisition and Development Company (ADC) aimed at supplying up to 360 megawatts of electricity to data centers across Virginia, West Virginia, and Kentucky.

The collaboration will utilize coal mine methane (CMM) and natural gas to provide off-grid power solutions for data centers through innovative fuel cell technology. The partnership combines Diversified Energy's natural gas and CMM supply, FuelCell Energy's advanced energy generation platforms, and TESIAC's financing expertise.

Key features include:

• Behind-the-meter solutions providing on-site, continuous power generation
• Innovative capital structuring for faster deployment
• Carbon-optimized power generation through captured methane and fuel cells
• Job creation and economic benefits in the Appalachian region

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Diversified Energy Company (LSE/NYSE:DEC) has completed two significant transactions: the acquisition of Summit Natural Resources assets and its tenth Asset Backed Securitization (ABS X). The Summit acquisition, valued at ~$42 million, includes natural gas properties and midstream infrastructure across Virginia, West Virginia, and Alabama, delivering ~12 MMcfepd current net production and 65 Bcfe in PDP reserves.

The $530 million ABS X note refinancing achieved record demand (6.5x oversubscribed) and features a master trust structure with investment-grade rated notes carrying a ~6.4% blended fixed coupon in A tranche. Strategic hedges are expected to boost EBITDA by ~40% ($38 million) for refinanced assets. The acquisition assets feature Coal Mine Methane volumes with potential for expanded production and environmental credits, while benefiting from premium Transco Zone 5 pricing exposure.

Diversified Energy Company (LSE: DEC; NYSE: DEC) has announced the pricing of its underwritten public offering of 8.5 million ordinary shares at $14.50 per share, expecting to raise approximately $123.3 million in gross proceeds. The offering is set to settle on February 21, 2025.

The underwriters have a 30-day option to purchase up to an additional 850,000 ordinary shares. The company plans to use the net proceeds to repay part of the debt expected from the proposed acquisition of Maverick Natural Resources, If the acquisition doesn't close, the funds will be used for debt repayment and general corporate purposes.

The offering is being managed by multiple financial institutions, with Citigroup and Mizuho acting as joint book-running managers. The completion of the offering is not conditional upon the Maverick acquisition, and vice versa.