Financial Data and Key Metrics Changes - Average net daily production reached approximately 830 million cubic feet equivalent per day, marking the first quarter where over 50% of produced volumes were from the Central region [30] - Total revenue for the quarter was $239 million, with adjusted EBITDA of $115 million, representing a 50% adjusted EBITDA margin [31] - Free cash flow for the quarter was $47 million, and net debt stood at approximately $1.6 billion [32] Business Line Data and Key Metrics Changes - The company has closed approximately $585 million in acquisitions year-to-date, resulting in over 15% growth in production without incremental general and administrative expenses [19][30] - The recent acquisition of East Texas assets is expected to contribute an estimated next 12 months EBITDA of $19 million, reflecting a 3.5 times cash flow purchase multiple [21] Market Data and Key Metrics Changes - Over 50% of production is now in the central region, aligning with the growing LNG demand [23] - The company has announced a multiyear contract with a Gulf Coast LNG exporter, highlighting the reliability of its low-decline production base [25] Company Strategy and Development Direction - The company focuses on acquiring and optimizing undervalued energy assets, aiming to minimize traditional exploration and production risks while delivering consistent free cash flow [7][10] - The strategy includes systematic debt reduction, returning capital to shareholders, and pursuing strategic acquisitions [12][14] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism regarding the coal mine methane capture initiative, indicating potential for further development and revenue growth [60] - The company remains committed to its asset retirement obligations, with plans to double the required annual retirements [62] Other Important Information - The company has maintained a consistent average cash margin of over 50% since its IPO, attributed to high capital efficiency and an effective hedging program [16] - Approximately 65% of the company's 8.6 million net acres are undeveloped, representing significant untapped value [27] Q&A Session Summary Question: Update on coal mine methane - Management believes there is an opportunity to further develop coal mine methane revenue, with no significant impact expected from potential regulatory changes [60] Question: Asset retirement progress and election impact - Management indicated that operations will continue as planned, with hopes for regulatory improvements under the new administration [62] Question: Expectations for asset sales next year - Management stated that asset sales are opportunistic and depend on drilling activity in various basins, with a focus on maximizing value from held acreage [66][67] Question: Joint development opportunities - Management noted potential for joint development but emphasized the importance of capital allocation and market conditions [70] Question: EBITDA from coal mine methane and Cherokee formation popularity - Approximately 80%-85% of the expected EBITDA from coal mine methane has been realized year-to-date, with the Cherokee formation gaining popularity due to increased interest in new drilling opportunities [76]

Energy Optimized Third Quarter 2024 Results November 12, 2024 The information contained in this document (the "Presentation") has been prepared by Diversified Energy Company PLC ("Diversified" or the "Company"). This Presentation is for general information purposes only and does not constitute an invitation or inducement to any person to engage in investment activity. While the information contained herein has been prepared in good faith, neither the Company nor any of its shareholders, directors, officers, ...

Diversified Energy Company Plc (DEC) is slated to report third-quarter 2024 results on Nov. 12, before market open. See the Zacks Earnings Calendar to stay ahead of market-making news. The Zacks Consensus Estimate for revenues is pegged at $258.5 million, while that for earnings is pinned at 30 cents per share. The bottom-line estimate has moved down 48.3% in the past 60 days.Image Source: Zacks Investment ResearchEarnings Whisper for DECOur proven model does not predict an earnings beat for Diversified Ene ...

Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sellside) analysts often affect a stock's price, do they really matter? Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about Diversified Energy Company PLC (DEC) . Diversified Energy Company PLC curr ...

● ● . Decade Exploration Program Samples 31.9 g/t Gold and 5184 g/t Silver on the Grassy Project October 17, 2024 8:00 AM EDT | Source: Decade Resources Ltd. Stewart, British Columbia--(Newsfile Corp. - October 17, 2024) - Decade Resources Ltd (TSXV: DEC) ("Decade") reports that it has completed a surface exploration program on the Grassy project within the 'Golden Triangle area" of BC. The Grassy property is located 24 km north of Stewart B.C. in the Skeena Mining Division. It lies 6 km north of the former ...

Core Viewpoint - Diversified Energy Company Plc (DEC) has underperformed in the market, with a year-to-date share price decline of 22.3%, contrasting sharply with the Zacks Alternative-Energy industry's growth of 38.9% and the broader Zacks Oils-Energy sector's increase of 2.3% [1] Company Performance - DEC's total revenues experienced a significant decline of 17.6% year-over-year during the first half of 2024, attributed to flat U.S. net natural gas exports and decreased production volume [6] - As of June 30, 2024, DEC's net debt stood at $1.65 billion, while cash and cash equivalents were only $0.03 billion, indicating a concerning financial position [7] Market Context - The global demand for natural gas is projected to rise by 2.5% by the end of 2024, which may present a buying opportunity for DEC due to its near-term growth potential and recent acquisitions [3] - Other industry players, such as Talen Energy Corporation, Constellation Energy Corporation, and GE Vernova Inc., have shown remarkable stock performance, with increases of 179.7%, 127.2%, and 30.1% respectively [2] Future Outlook - The Zacks Consensus Estimate indicates a 7.5% improvement in DEC's 2024 revenues compared to the previous year, with earnings per share estimates also showing upward revisions of 11.1% and 3.4% for 2024 and 2025 respectively, reflecting analysts' growing confidence [9] - DEC's forward 12-month price-to-earnings (P/E) ratio is 9.13X, significantly lower than the peer group's average of 25.09X, suggesting a discounted valuation [13] Strategic Considerations - DEC has been actively pursuing acquisitions to expand operational capacity and enhance shareholder value, although the shift towards renewable energy may diminish the significance of natural gas in the long term [15] - The company's robust hedging strategy aims to mitigate risks from commodity price fluctuations, but long-term volatility and declining demand for natural gas could adversely affect operational results [16]

. . . Decade Resources Closes Private Placement for Total Gross Proceeds of $1,040,000 October 01, 2024 4:33 PM EDT | Source: Decade Resources Ltd. 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. A total of 29,714,286 units were issued on a private placement basis at a price of 3.5 cents per unit, for aggregate gross proceeds of $1,040,000. Each un ...

Stewart, British Columbia--(Newsfile Corp. - September 18, 2024) - Decade Resources Ltd. (TSXV: DEC) ("Decade" or the Company) is increasing the size of its previously announced non-brokered private placement (the "Private Placement"), previously announced on September 9, 2024 and September 11, 2024. The Company will now issue 29,714,286 units (the "Units") at a price of $0.035 per Unit, for gross proceeds of $1,040,000 (the "Private Placement"). Each Unit will consist of one common share and one share purc ...

Here are five stocks added to the Zacks Rank #1 (Strong Buy) List today: Medical Properties Trust, Inc. (MPW) : This real estate investment trust has seen the Zacks Consensus Estimate for its current year earnings increasing 7.1% over the last 60 days. Diversified Energy Company PLC (DEC) : This owner and operator of natural gas and oil wells from the Appalachian Basin has seen the Zacks Consensus Estimate for its current year earnings increasing 41.6% over the last 60 days. Idaho Strategic Resources, Inc. ...

Here are three stocks with buy rank and strong value characteristics for investors to consider today, September 3rd: Diversified Energy Company PLC (DEC) : This owner and operator of natural gas and oil wells from the Appalachian Basin carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 41.6% over the last 60 days. Diversified Energy has a price-to-earnings ratio (P/E) of 5.20, compared with 22.87 for the S&P 500. The company possesses a Value Sco ...