JCDecaux wins Rostock’s exclusive street furniture advertising contract Paris, March 25th, 2026 – JCDecaux SE (Euronext Paris: DEC), the number one outdoor advertising company worldwide, announces that Wall GmbH, a subsidiary of JCDecaux, has been awarded following a tender process the exclusive contract for analogue and digital advertising street furniture in the city of Rostock. Wall will renovate the existing Bus shelters and digitise the key locations in the city. As the largest city in the state of Mec ...

Diversified Energy Company("Diversified," or the "Company") Diversified Energy Company (NYSE: DEC, LSE: DEC), filed a Definitive Proxy Statement and Definitive Additional Proxy Soliciting Material with the U.S. Securities and Exchange Commission ("SEC"). The filings are available on the SEC's website at sec.gov and on the Investor Relations page of the Company’s website at div.energy. Annual Meeting The Company’s 2026 Annual Meeting of Shareholders (“Annual Meeting”) will be a virtual meeting held at 8:00 a ...

Core Insights - Millstreet Capital Management has established a new position in Diversified Energy Company, acquiring 1,378,421 shares valued at $19.96 million in the fourth quarter of 2025 [1][2]. Company Overview - Diversified Energy Company is a leading independent energy producer focused on mature, low-decline natural gas and oil assets across the United States, headquartered in Alabama [5]. - The company reported a total revenue of $1.61 billion and a net income of $341.1 million for the trailing twelve months (TTM) [4]. Financial Performance - The company generated $1.8 billion in full-year revenue, nearly $1 billion in adjusted EBITDA, and around $440 million in free cash flow, indicating a strong cash flow profile [6][7]. - As of the latest report, Diversified Energy Company shares were priced at $16.20, reflecting a 19% increase over the past year, slightly outperforming the S&P 500's 15% gain [7]. Investment Implications - The new position represents 4.5% of Millstreet's 13F reportable assets under management, indicating a strategic move towards a cash flow profile that contrasts with traditional growth holdings [6][7]. - The company is not focused on explosive production growth but rather on generating steady cash flow from mature assets, which aligns with current market conditions [6][7]. Operational Focus - Diversified Energy Company produces, markets, and transports natural gas, natural gas liquids, crude oil, and condensates, with primary operations in the Appalachian Basin and additional activities in Oklahoma, Texas, and Louisiana [8]. - The firm operates as an independent owner and operator of producing wells, generating revenue through the sale of hydrocarbons and associated midstream services [8].

Group 1 - The core viewpoint of the business report for FY 2025 highlights the financial performance and strategic initiatives of JCDecaux, indicating a positive growth trajectory in the advertising sector [1] Group 2 - The report outlines revenue growth, with a significant increase in net income compared to the previous fiscal year, showcasing the company's effective cost management and operational efficiency [1] - Key performance indicators such as EBITDA and operating margin have shown improvement, reflecting the company's strong market position and competitive advantages [1] - The report emphasizes the expansion into new markets and the introduction of innovative advertising solutions, which are expected to drive future growth [1]

Core Viewpoint - Diversified Energy Company announced a dividend of 29 cents per share for Q3 2025, payable on March 31, 2026, to shareholders registered by February 27, 2026 [1] Group 1: Dividend Information - The Q3 2025 Dividend is set at 29 cents per share [1] - Shareholders opting for GBP sterling will receive 21.471 pence per share, based on the exchange rate of GBP 0.74039 = US $1.00 as of March 10, 2026 [2] Group 2: Company Overview - Diversified Energy Company is a leading publicly traded energy firm focused on acquiring, operating, and optimizing cash-generating energy assets [2] - The company employs a differentiated strategy to acquire long-life assets and invest in them to enhance environmental and operational performance [2] - Recognized for sustainability leadership, the company aims to responsibly produce energy, deliver reliable free cash flow, and generate shareholder value [2]

Core Insights - The company reported strong financial performance in 2025, achieving operating margin and free cash flow that exceeded 2026 targets, despite a challenging economic environment [1][5][6] - Organic revenue growth was recorded at +1.8%, with digital revenue being a significant growth driver, contributing to 41.7% of total revenue [2][12][14] Financial Performance - Total revenue for 2025 reached €3,967.1 million, reflecting a +0.8% reported growth and +1.8% organic growth [2][12] - Operating margin increased by +8.7% to €831.1 million, with a margin rate of 20.9%, up +150 basis points year-on-year [5][27] - Recurring EBIT rose by +18.6% to €376.7 million, while net income (excluding the APG|SGA share sale) increased by +22.8% to €262.6 million [2][5][37] - Free cash flow reached an all-time high of €342.9 million, marking a +47.9% increase year-on-year [2][39] Revenue Breakdown - Digital Out-of-Home (DOOH) revenue grew by +10.0% organically, with programmatic revenue increasing by +19.2%, representing 10.9% of digital revenue [4][15] - Revenue from Street Furniture grew by +1.9%, Transport by +3.3%, while Billboard revenue declined by -2.3% [16][22] - Geographic performance showed North America and Rest of the World as key growth drivers, with France experiencing a mid-single digit decline [23][25] Dividend and Future Outlook - The company proposed a dividend of €0.65 per share for 2025, an increase of +18.2% year-on-year, with intentions to gradually increase dividends in the future [6][44] - For Q1 2026, the company expects organic revenue growth to exceed +5%, supported by positive impacts from upcoming sporting events [7][52]

Core Viewpoint - Diversified Energy Company announced the pricing of a secondary public offering of 7,501,585 shares of its common stock at a price of $14.45 per share, representing all remaining holdings of the Selling Stockholder [1][2]. Group 1: Secondary Offering Details - The Secondary Offering is being conducted by certain funds or entities managed by an affiliate of EIG, and Diversified will not offer any shares or receive any proceeds from this offering [2]. - The offering is expected to settle on March 11, 2026, subject to customary closing conditions, with Citigroup acting as the sole bookrunning manager [2]. Group 2: Share Repurchase - Following the completion of the Secondary Offering, Diversified has agreed to repurchase 3,750,000 shares of common stock from the underwriter at the same price per share as the Secondary Offering [1]. Group 3: Regulatory Filings - A shelf registration statement for the resale of these securities was filed with the U.S. Securities and Exchange Commission (SEC) on March 9, 2026, and became effective upon filing [3]. - A preliminary prospectus supplement and accompanying prospectus related to the Secondary Offering were filed with the SEC and are available for free on the SEC's website [3].

Core Viewpoint - Diversified Energy Company announced a public offering of 7,501,585 shares of its common stock, representing all remaining holdings of the Selling Stockholder, managed by an affiliate of EIG [1] Group 1: Offering Details - The company is not offering any shares in the Secondary Offering and will not receive any proceeds from the sale [3] - Citigroup is acting as the sole bookrunning manager for the proposed Secondary Offering [3] - The offering is subject to market conditions, and there are no assurances regarding its completion or terms [3] Group 2: Registration and Access - A shelf registration statement for the resale of these securities was filed with the SEC on March 9, 2026, and became effective upon filing [4] - Copies of the registration statement can be accessed for free on the SEC's website [4] Group 3: Potential Repurchase - Diversified has expressed interest in purchasing up to 3,900,000 shares of common stock from the underwriter at the same price paid by the underwriter to the Selling Stockholder [1]

Group 1: Market Overview - Oil prices are experiencing a surge, with WTI futures at $86.00, up 6.16%, and Brent futures at $89.31, up 4.57% [3] - Dutch TTF gas prices are projected to rise by 40-50% to maintain energy supply in the EU [3] - The S&P SmallCap 600 has a forward P/E of 15.6, while the S&P 500 stands at 21.2, indicating small caps are still undervalued compared to larger companies [1] Group 2: Small-Cap Stocks - Washington Trust Bancorp (WASH) offers a dividend yield of 6.6% and is expected to see earnings jump by 27% in 2026, trading at 10 times earnings [1] - Diversified Energy Company (DEC) has a dividend yield of 8.0% and trades at less than 8 times earnings, focusing on acquiring long-life assets [1] - Granite Ridge Resources (GRNT) has a dividend yield of 8.5% and is projected to achieve 28% production growth in 2025, despite breakeven returns so far [2] Group 3: Health and Wellness Sector - Perrigo (PRGO) has a dividend yield of 10.2% but is facing declining sales and earnings, with a projected drop in adjusted diluted EPS by 16% to 27% in 2026 [2] - Insperity (NSP) offers a high dividend yield of 11.0% but has seen a significant decline in net income, reporting a net loss of $7 million in 2025 [2]

Core Insights - JCDecaux has secured a new advertising contract for Melbourne's Yarra Trams network, which is the largest operational tram system globally, for a term of up to 14 years [1][2] - The contract includes significant digital expansion plans, enhancing advertising capabilities across the tram fleet and shelter network [2] - Melbourne is recognized as the most liveable city in Australia and fourth globally, with a population of 5.4 million in Greater Melbourne, contributing to a vibrant economic and cultural landscape [3] Group 1 - The new agreement allows for integrated advertising campaigns across the entire tram network, facilitating city-wide marketing strategies for advertisers [2] - JCDecaux plans to expand its digital assets significantly, including new locations in the Central Business District and key suburban areas [2] - The tram network connects major cultural, retail, education, and sporting precincts, enhancing its value as an advertising platform [3] Group 2 - Jean-François Decaux, Co-CEO of JCDecaux, emphasized the importance of the Yarra Trams contract in reinforcing the company's partnership with Melbourne's tram operator [4] - The tram system is considered central to Melbourne's identity and offers a powerful Out-of-Home advertising platform, especially during global events like the Formula 1 and the Australian Open [4] - JCDecaux is the leading Out-of-Home media company worldwide, with a daily audience of 850 million people across more than 80 countries [6]