Welcome to our dedicated page for Diversified Energy Company Plc news (Ticker: dec), a resource for investors and traders seeking the latest updates and insights on Diversified Energy Company Plc stock.
Diversified Energy Company Plc (DEC) provides investors and industry observers with timely updates on its natural gas and oil operations across the Appalachian Basin. This page aggregates official press releases, financial reports, and strategic announcements related to DEC's core activities.
Access consolidated information on asset acquisitions, production updates, and operational efficiencies through our curated news collection. Users will find updates categorized by:
Earnings reports detailing quarterly performance
Asset transactions including acquisitions and divestitures
Operational milestones in gas/oil production
Strategic initiatives like midstream optimizations
Bookmark this page for streamlined access to DEC's evolving position as a leader in mature energy asset management. All content is sourced directly from company communications to ensure accuracy and compliance with financial disclosure standards.
Diversified Energy Company (LSE: DEC) (NYSE: DEC) has announced details of its Share Buyback Program following approval at the 2024 Annual General Meeting. The program allows for the repurchase of up to 4,756,842 shares with a total consideration not exceeding £52.3 million.
The buyback program will run until the earlier of June 30, 2026, or the Company's 2026 Annual General Meeting. The Board initiated this program believing the shares are trading at a substantial discount to net asset value, viewing it as an appropriate use of cash resources.
The company has engaged Peel Hunt LLP to execute the buyback on the London Stock Exchange, operating within regulatory parameters including Market Abuse Regulation and FCA Listing Rules. Repurchased shares will initially be held as treasury shares and subsequently cancelled in accordance with the Companies Act 2006.
Diversified Energy Company PLC (LSE: DEC) (NYSE: DEC) reported insider trading activity involving Board members' transactions in ordinary shares during March 18-19, 2025. The transactions involved David Johnson, Non-Executive Chair of the Board, and David J. Turner, Jr., Independent Non-Executive Director.
The company, which focuses on natural gas and liquids production, transport, marketing, and well retirement, implements a strategy of acquiring existing long-life assets and improving their environmental and operational performance before retiring them safely.
Diversified Energy Company (LSE: DEC) (NYSE: DEC) has announced changes in PDMR shareholdings following the vesting of Performance Stock Units (PSUs) and Restricted Stock Units (RSUs). Key executives receiving these awards include Co-Founder and CEO Rusty Hutson, Jr. (PSUs only), President and CFO Bradley Gray, and Senior EVP/Chief Legal & Risk Officer Benjamin Sullivan (both PSUs and RSUs).
The company will transfer Ordinary Shares from its Employee Benefit Trust (EBT) to settle these awards, net of customary withholdings including taxes. Further details about the 2022 long-term incentive plan can be found in the company's Annual Report for the year ended December 31, 2024.
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.
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