Diversified Energy Company Plc Stock Price, News & Analysis

Diversified Energy Company (LSE: DEC) (NYSE: DEC) has announced plans to conduct fixed income investor meetings starting March 24, 2025, with DNB Markets appointed as Sole Bookrunner. Following these meetings, the company intends to launch an offering of four-year US$ denominated senior secured notes.

The proceeds from this contemplated bond offering will be used to repay existing debt and for general corporate purposes. The offering will be exclusively available to qualified institutional buyers in the United States under Rule 144A of the Securities Act of 1933. The notes will not be registered under the Securities Act or state securities laws.

Diversified Energy Company (LSE: DEC) (NYSE: DEC) has confirmed the exchange rate for its Q3 2024 dividend payment. The company will distribute 29 cents per share to shareholders, with those opting for GBP payments receiving 22.241 pence per share based on the March 17, 2025 exchange rate of GBP 0.76693=US $1.00.

The Q3 2024 dividend payment is scheduled for March 31, 2025, with the record date set as February 28, 2025.

This press release appears to be a standard TR-1 form template for notifying major holdings in a company. The document outlines the structure for reporting significant shareholding changes, including sections for issuer details, notification reasons, shareholder information, voting rights, and financial instruments.

The template includes fields for reporting total positions, details about financial instruments according to DTR5.3.1R regulations, and proxy voting information. However, this appears to be just the form structure without any actual data filled in.

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