Diversified EnergyNYSE: DEC

Profile

Sector:

Energy

Country:

United States

IPO:

19 December 2023

Next earnings report:

19 March 2025

Last dividends:

30 August 2024

Next dividends:

28 February 2025
$785.72 M
-1%vs. 3y high
35%vs. sector
-vs. 3y high
-vs. sector
-1%vs. 3y high
50%vs. sector
-vs. 3y high
-vs. sector

Price

after hours | Wed, 20 Nov 2024 23:55:02 GMT
$16.09-$0.19(-1.17%)
$285.00 M$232.00 M
No data over the past 3 years

Analysts recommendations

Institutional Ownership

DEC Latest News

Diversified Energy Company PLC (DEC) Q3 2024 Earnings Call Transcript
seekingalpha.com15 November 2024 Sentiment: NEUTRAL

Diversified Energy Company PLC (OTCQX:DEC) Q3 2024 Results Conference Call November 12, 2024 8:00 AM ET Company Participants Douglas Kris - VP, IR Rusty Hutson - CEO Brad Gray - President & CFO Conference Call Participants Bert Donnes - Truist Securities David Round - Stifel Simon Scholes - First Berlin Operator Greetings, and welcome to the Diversified Energy Third Quarter 2024 Results Conference Call. At this time, all participants are in listen-only mode.

Diversified Energy Company's CEO ays Trump administration will be positive for US oil and gas - ICYMI
proactiveinvestors.co.uk15 November 2024 Sentiment: POSITIVE

Diversified Energy Company PLC (LSE:DEC, NYSE:DEC) this week reported its Q3 performance, highlighting strong production levels and continued expansion into environmentally beneficial initiatives. The company's CEO, Rusty Hutson Jr., shared insights with Proactive into quarterly performance, methane capture projects, and potential regulatory impacts from the incoming U.S.

Diversified Energy Company PLC (DEC) Q3 2024 Earnings Conference Call Transcript
seekingalpha.com13 November 2024 Sentiment: POSITIVE

Diversified Energy Company PLC (OTCQX:DEC) Q3 2024 Earnings Conference Call November 12, 2024 8:00 AM ET Company Participants Douglas Kris - VP, IR Rusty Hutson - CEO Brad Gray - President & CFO Conference Call Participants Bertrand Donnes - Truist Securities David Round - Stifel Simon Scholes - First Berlin Operator Greetings, and welcome to the Diversified Energy Third Quarter 2024 Results Conference Call. At this time all participants are in listen-only mode.

DEC's new revenues streams impress US broker
proactiveinvestors.co.uk13 November 2024 Sentiment: POSITIVE

Diversified Energy Company PLC's (LSE:DEC, NYSE:DEC) third quarter benefited from contributions from the Crescent Pass acquisition as well as a robust performance from the underlying portfolio, says Stifel. On top of this operational delivery, Diversified continues to find new ways to extract value from the portfolio, says the house broker.

Diversified Energy Reports Strong Third Quarter 2024 Results
accesswire.com12 November 2024 Sentiment: POSITIVE

Continued Focus on Debt Repayments & Additional Undeveloped Land Sales Expanding Value Creation with Revenue from Coal Mine Methane Environmental Credits BIRMINGHAM, AL / ACCESSWIRE / November 12, 2024 / Diversified Energy Company PLC (LSE:DEC)(NYSE:DEC) is pleased to announce the following operations and trading update for the quarter ended September 30, 2024. Delivering Reliable Results Recorded average 3Q24 production of 829 MMcfepd (138 Mboepd) September 2024 exit rate of 851 MMcfepd (142 Mboepd) Operating Cash Flow of $102 million, and Net loss of $1 million inclusive of non-cash unsettled derivative adjustments, and non-cash depreciation, depletion and amortization Achieved 3Q24 Adjusted EBITDA(a) of $115 million and Free Cash Flow(b) of $47 million Realized 49% 3Q24 Adjusted EBITDA Margin(a) and TTM Free Cash Flow Yield(b) of 32% 3Q24 Total Revenue, Inclusive of Settled Hedges per Unit(c) of $3.23/Mcfe ($19.38/Boe) 3Q24 Adjusted Operating Cost per Unit(d) of $1.71/Mcfe ($10.23/Boe) Reaffirmed credit facility borrowing base at $385 million with $102 million of undrawn capacity and unrestricted cash Revenue Growth Initiatives Announced fixed-price contract for gas delivery to a major Gulf Coast LNG export facility Generated ~ $23 million year-to-date in cash flow through divestiture of undeveloped leasehold Expansion into adjacent market of Coal Mine Methane ("CMM") capture and environmental credit sales generating $8 to $10 million of EBITDA in 2024 Executing Strategic Objectives Retired $154 million debt principal through amortizing debt payments, year-to-date Declared 3Q24 dividend of $0.29 cents per share Repurchased ~1.4 million shares in 2024, representing ~$20 million of share buybacks(e) Completed previously announced acquisitions of Crescent Pass Energy and East Texas assets Combined with Oaktree Working Interest Acquisition, offsets ~2 years of declines(f) Next LVL Milestones The Company has retired a total of 165 operated wells, year-to-date and is on track to meet or exceed Diversified's stated goal of retiring 200 wells within its Appalachian footprint in 2024 Next LVL Energy completed 233 well retirements through September 2024, including 68 wells associated with orphan wells and third-party operators Rusty Hutson, Jr., CEO of Diversified, commented: "Our results this quarter demonstrate the underlying strength of our business to deliver consistent cash flow and our commitment to operational excellence.

Diversified Energy Company underlines strength of cash flows in third quarter
proactiveinvestors.co.uk12 November 2024 Sentiment: POSITIVE

Diversified Energy Company PLC (LSE:DEC, NYSE:DEC) chief executive Rusty Hutson highlighted the strength of the business in delivering consistent cash flow and shareholder returns. “Year-to-date, we have announced $85 million in dividend payments, retired $154 million in outstanding debt principal, and executed over $20 million in share repurchases,” Hutson said in today's results statement for its third quarter.

Should Diversified Energy Stock Be in Your Portfolio Ahead of Q3 Earnings?
zacks.com08 November 2024 Sentiment: NEGATIVE

Investors interested in DEC should wait for a better entry point, considering the downward revision in its third-quarter earnings estimate and dismal share price performance.

Diversified Energy Company completes asset acquisition in East Texas
proactiveinvestors.co.uk30 October 2024 Sentiment: POSITIVE

Diversified Energy Company PLC (LSE:DEC, NYSE:DEC) told investors it has completed its acquisition of operated natural gas assets in East Texas, for a gross headline figure of $69 million. The net price, after adjustments, was confirmed by the company as $49 million.

Diversified Energy Stock Plunges 22% YTD: Should You Buy the Dip?
zacks.com02 October 2024 Sentiment: NEGATIVE

One should refrain from investing in DEC right now, considering its dismal share price performance year to date. Those who own it may continue to do so.

Decade Resources Closes Private Placement for Total Gross Proceeds of $1,040,000
newsfilecorp.com01 October 2024 Sentiment: POSITIVE

Stewart, British Columbia--(Newsfile Corp. - October 1, 2024) - Decade Resources Ltd. (TSXV: DEC) ("Decade" or the Company) is pleased to announce that it has closed its previously announced private placement.

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What type of business is Diversified Energy?

Diversified Energy Company PLC operates as an independent owner and operator of producing natural gas and oil wells primarily in the Appalachian Basin of the United States. The company is involved in the production, marketing, and transportation of natural gas, natural gas liquids, crude oil, and condensates. Its assets consist of natural gas wells and gathering systems located in the states of Tennessee, Kentucky, Virginia, West Virginia, Ohio, Pennsylvania, Oklahoma, Texas, and Louisiana. The company was formerly known as Diversified Gas & Oil PLC and changed its name to Diversified Energy Company PLC in May 2021. Diversified Energy Company PLC was founded in 2001 and is headquartered in Birmingham, Alabama.

What sector is Diversified Energy in?

Diversified Energy is in the Energy sector

What industry is Diversified Energy in?

Diversified Energy is in the Oil & Gas Equipment & Services industry

What country is Diversified Energy from?

Diversified Energy is headquartered in United States

When did Diversified Energy go public?

Diversified Energy initial public offering (IPO) was on 19 December 2023

What is Diversified Energy website?

https://www.div.energy

Is Diversified Energy in the S&P 500?

No, Diversified Energy is not included in the S&P 500 index

Is Diversified Energy in the NASDAQ 100?

No, Diversified Energy is not included in the NASDAQ 100 index

Is Diversified Energy in the Dow Jones?

No, Diversified Energy is not included in the Dow Jones index

When was Diversified Energy the previous earnings report?

No data

When does Diversified Energy earnings report?

The next expected earnings date for Diversified Energy is 19 March 2025