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Diversified Energy Company(DEC) - 2024 Q4 - Earnings Call Presentation
2025-03-17 13:20
DEC: The Only Publicly Traded Champion of the PDP Subsector Energy March 17, 2025 Optimized 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 shar ...
Diversified Energy Completes $1.3B Maverick Acquisition
ZACKS· 2025-03-17 11:25
Diversified Energy Company PLC (DEC) recently completed its previously announced acquisition of Maverick Natural Resources, marking a significant step in its expansion strategy. This move strengthens the company’s position in natural gas and liquids production while highlighting its commitment to operational growth and sustainability.An Insight Into the Acquisition AgreementOn Jan. 27, 2025, Diversified Energy announced the acquisition of Maverick Natural Resources, a private-equity-owned energy firm, for $ ...
Diversified Achieves Strong Final Year-End 2024 Results, Delivers on Capital Allocation Promises, and Introduces 2025 Combined Company Outlook
Globenewswire· 2025-03-17 10:58
Core Insights - Diversified Energy Company PLC has successfully executed approximately $2 billion in acquisitions, positioning itself as a stronger and larger entity in a favorable pricing environment [1] - The company has maintained consistent operating costs for three consecutive years despite broader industry and inflationary pressures [1] - The integration of Maverick is expected to yield significant financial and operational benefits, enhancing free cash flow generation [1][10] Company Performance - Diversified has completed over $4 billion in acquisitions since its public listing in 2017, focusing on building a large-scale integration and operating company [2] - The company reported an average net daily production of 791 MMcfepd (132 MBoepd) and a year-end reserve of 4.5 Tcfe (747 MMBoe) with a PV10 of $3.3 billion [6] - Total revenue for 2024, inclusive of hedges, was $946 million, with an operating cash flow of $346 million and an adjusted EBITDA of $472 million [6][31] Financial Metrics - The adjusted EBITDA margin for 2024 was 51%, with an adjusted operating cost per unit of $1.70/Mcfe ($10.22/Boe) [6][33] - The company generated $49 million from land sales and coal mine methane revenues, while retiring over $200 million in debt principal [12] - Adjusted free cash flow for 2024 was $211 million, reflecting the company's focus on cash flow generation [12][34] Strategic Outlook - For 2025, Diversified anticipates total production between 1,050 to 1,100 Mmcfe/d, with approximately 25% from liquids and 75% from natural gas [11] - The company expects to achieve over $50 million in annual synergies from the Maverick acquisition by year-end 2025 [12][10] - Diversified is positioned to enhance free cash flow growth in 2025 through strategic natural gas hedges and planned divestitures [12]
Final Results for the Year-Ended December 31, 2024
Globenewswire· 2025-03-17 08:01
Diversified Achieves Strong Final Year-End 2024 Results, Delivers on Capital Allocation Promises, and Introduces 2025 Combined Company Outlook 2024 Achievements Position Diversified on a Meaningful Path Forward as a Stronger and Larger Company Executed Approximately $2 Billion of Acquisitions in an Advantageous Pricing Environment Third year of Consistent Operating Costs Despite Broader Industry and Inflationary Pressures Maverick Integration Anticipated to Provide Meaningful Financial and Operational Bene ...
Diversified Energy Completes Maverick Acquisition
Globenewswire· 2025-03-14 13:11
BIRMINGHAM, Ala., March 14, 2025 (GLOBE NEWSWIRE) -- Further to the announcements on January 27, 2025 and February 20, 2025, Diversified Energy Company PLC (LSE: DEC; NYSE: DEC) (“Diversified” or the “Company”), an independent energy company focused on natural gas and liquids production, transportation, marketing and well retirement, today announces the completion of its previously announced acquisition of Maverick Natural Resources (the “Acquisition”). Issue of shares In connection with the Acquisition and ...
Diversified Energy Company PLC (DEC) Rises As Market Takes a Dip: Key Facts
ZACKS· 2025-03-13 22:55
The latest trading session saw Diversified Energy Company PLC (DEC) ending at $11.71, denoting a +1.21% adjustment from its last day's close. The stock's change was more than the S&P 500's daily loss of 0.91%. Elsewhere, the Dow lost 1.5%, while the tech-heavy Nasdaq lost 1.96%.Prior to today's trading, shares of the gas and oil production company had lost 31.94% over the past month. This has lagged the Oils-Energy sector's loss of 4.23% and the S&P 500's loss of 7.38% in that time.The investment community ...
JCDecaux announces the retirement of Daniel Hofer, Member of JCDecaux SE’s Executive Board and CEO for Germany, Austria, Central & Eastern Europe, Central Asia. Jérôme d’Héré has been appointed to succeed him as CEO for this region
Globenewswire· 2025-03-10 16:40
JCDecaux announces the retirement of Daniel Hofer, Member of JCDecaux SE’s Executive Board and CEO for Germany, Austria, Central & Eastern Europe, Central Asia. Jérôme d’Héré has been appointed to succeed him as CEO for this region Paris, March 10th, 2025 – JCDecaux SE (Euronext Paris: DEC), the number one outdoor advertising company worldwide, announces the retirement from his operational role of Daniel Hofer, Member of the Executive Board and CEO for Germany, Austria, Central & Eastern Europe, Central ...
Result of General Meeting and Acquisition Update
Globenewswire· 2025-03-10 15:45
BIRMINGHAM, Ala., March 10, 2025 (GLOBE NEWSWIRE) -- Diversified Energy Company PLC (LSE:DEC, NYSE:DEC) is pleased to announce that the resolution put to shareholders at the Company's General Meeting held earlier today was duly passed. The General Meeting was held to invite shareholders to consider and approve the resolution to allot and issue the consideration shares connection with the proposed acquisition of Maverick Natural Resources (the “Acquisition”), as described in the announcement released on Janu ...
Diversified Energy, FuelCell Energy, and TESIAC Collaborate to Form an Acquisition and Development Company to Leverage Coal Mine Methane and Natural Gas for Off-Grid Data Center Power Projects
Globenewswire· 2025-03-10 11:00
Projects aim to be responsive to the energy needs of data centers by offering an abundant supply of operational power within two years Projects target the provision of on-site, continuous, and scalable power generation, and securing data center uptime even in volatile market conditions The partnership would involve innovative capital structuring coupled with environmental credit cash flow generation from the fuel cell platforms and coal mine methane (CMM) Clean fuel cell technology can reduce the carbon foo ...
Strategic Data Center Supply Partnership
GlobeNewswire News Room· 2025-03-10 07:00
Diversified Energy, FuelCell Energy, and TESIAC Collaborate to Form an Acquisition and Development Company to Leverage Coal Mine Methane and Natural Gas for Off-Grid Data Center Power Projects Projects aim to be responsive to the energy needs of data centers by offering an abundant supply of operational power within two years Projects target the provision of on-site, continuous, and scalable power generation, and securing data center uptime even in volatile market conditions The partnership would involve in ...