Diversified Energy Company(DEC)
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Diversified Energy’s Unique Strategy Produces Reliable Cash Flow and Strong Full Year 2024 Results
Globenewswire· 2025-02-11 12:00
Core Insights - Diversified Energy Company reported strong operational and financial results for the year ended December 31, 2024, achieving approximately 50% cash margins for the seventh consecutive year [1][10] - The company generated over $50 million in cash flow from growth initiatives and returned over $105 million to shareholders, including $21 million in share buybacks [1][6] Financial Performance - Full-year 2024 average production was 791 MMcfepd (132 Mboepd), with a 4Q24 average production of 843 MMcfepd (141 Mboepd) and a December 2024 exit rate of 864 MMcfepd (144 Mboepd), reflecting an 11% increase from December 2023 [6][7][8] - Adjusted EBITDA for 2024 was between $470 million and $475 million, with an Adjusted Free Cash Flow of $210 million to $215 million, resulting in an Adjusted EBITDA Margin of 50% and a TTM Adjusted Free Cash Flow Yield of 33% [6][10] - Total revenue for 2024, including settled hedges, was $3.21/Mcfe ($19.28/Boe), with an Adjusted Operating Cost per Unit of $1.70/Mcfe ($10.22/Boe), showing a minimal 1% change compared to the previous year [6][12][11] Strategic Initiatives - The company executed over $585 million in strategic acquisitions during 2024, including the announced acquisitions of Summit Natural Resources and Maverick Natural Resources, which are expected to close in early 2025 [4][17][20] - Diversified's Smarter Asset Management approach has positively impacted production optimization and operational efficiency, positioning the company for robust cash flows in 2025 [9][10] Debt Management and Shareholder Returns - The company retired over $200 million in debt principal through amortizing debt payments, demonstrating a commitment to financial prudence [6][4] - In addition to share buybacks, the company returned a total of $105 million to shareholders, reflecting a strong capital allocation strategy [1][6] Environmental and Operational Updates - Diversified exceeded its well retirement commitments by retiring 202 operated wells in 2024, contributing to its sustainability goals [15][16] - The company continues to focus on responsible asset management and environmental performance, enhancing its reputation in the industry [24]
Diversified Energy Company PLC (DEC) Sees a More Significant Dip Than Broader Market: Some Facts to Know
ZACKS· 2025-02-07 23:50
Diversified Energy Company PLC (DEC) closed the latest trading day at $16.38, indicating a -1.15% change from the previous session's end. This change lagged the S&P 500's daily loss of 0.95%. At the same time, the Dow lost 0.99%, and the tech-heavy Nasdaq lost 1.36%.Heading into today, shares of the gas and oil production company had lost 0.48% over the past month, lagging the Oils-Energy sector's gain of 0.41% and the S&P 500's gain of 1.86% in that time.Analysts and investors alike will be keeping a close ...
JCDecaux Top Media acquires High Traffic Media in Panama
Globenewswire· 2025-02-06 16:40
Core Insights - JCDecaux SE, the leading outdoor advertising company globally, has acquired High Traffic Media, a significant player in Panama's outdoor advertising market [2][4] - The acquisition aims to enhance JCDecaux's portfolio and strengthen its position in a fragmented advertising market, particularly in retail media and Digital Out-of-Home (DOOH) advertising [5][6] Company Overview - High Traffic Media was founded in 2007 and has a diverse portfolio of analogue and digital billboard assets in Panama City, including operations in the Panama City Metro and major shopping malls [3][4] - JCDecaux established its presence in Panama in 2013 and has since expanded its operations through strategic acquisitions, including the merger with Top Media in 2016 [4] Market Context - Central America, with a population exceeding 50 million, is a dynamic advertising market with estimated advertising investments over US$2.5 billion, contributing to the steady growth of outdoor advertising [6] - The region's unique geographical position and high mobility indices are driving the demand for innovative advertising solutions [6] Strategic Implications - The integration of High Traffic Media will provide advertisers with comprehensive outdoor advertising solutions, leveraging over 5,000 advertising panels across various premium locations [5] - JCDecaux aims to deliver diversified national coverage and innovative communication solutions to enhance advertisers' visibility and effectiveness [7] Financial Performance - JCDecaux reported a revenue of €3,570.0 million for 2023 and €1,807.6 million for the first half of 2024, underscoring its strong market position [8]
JCDecaux to double the number of roadside screens in London
Globenewswire· 2025-02-05 06:30
Core Insights - JCDecaux plans to double the number of digital roadside screens in London to 2,000, with an investment in 1,000 new screens across various neighborhoods [2][5] - The new screens will be 30% larger than the market average, feature higher definition, and consume 20% less power [3] - The initiative aims to increase JCDecaux's audience market share of London digital roadside advertising from 60% to 75% [5] Company Overview - JCDecaux is the number one outdoor advertising company worldwide, with 2023 revenue of €3,570 million and H1 2024 revenue of €1,807.6 million [6] - The company operates 1,056,833 advertising panels globally and reaches a daily audience of 850 million people in over 80 countries [6] - JCDecaux is recognized for its sustainability efforts, being the first Out-of-Home media company to join the RE100 and achieving various sustainability ratings [6][9] Technological Advancements - The new London Digital Network will introduce creative and motion capabilities, supported by an AI-led Video Advertising Motion Measurement (VAMM) platform [4] - The VAMM platform will allow brands to automatically check the level of motion in their advertisements before display, enhancing creative flexibility [4] Strategic Partnerships - The partnership with Transport for London (TfL) is crucial for the expansion of the London Digital Network, which is expected to contribute to the city's economic growth [5] - Revenue generated from Out-of-Home advertising will be reinvested into the transport network, benefiting the overall urban ecosystem [5]
Why Diversified Energy Company PLC (DEC) Outpaced the Stock Market Today
ZACKS· 2025-02-04 23:56
The latest trading session saw Diversified Energy Company PLC (DEC) ending at $16.77, denoting a +1.02% adjustment from its last day's close. The stock's change was more than the S&P 500's daily gain of 0.72%. Meanwhile, the Dow experienced a rise of 0.3%, and the technology-dominated Nasdaq saw an increase of 1.35%.The gas and oil production company's stock has dropped by 0.48% in the past month, falling short of the Oils-Energy sector's gain of 0.1% and the S&P 500's gain of 1.02%.The investment community ...
Diversified Energy: On A Solid Growth Trajectory Following Acquisitions
Seeking Alpha· 2025-02-03 19:51
Shares of natural gas and oil wells operator, Diversified Energy Company ( OTCQX:DEC ) have risen 35.08% (YoY) ahead of its earnings date on March 25, 2025. I will discuss why I am raising my rating to buy following strategic acquisitions by theI have more than five years experience in the financial industry. I focus mostly in the commodities, foreign exchange and cryptocurrencies. I also write on general issues like equity research, economics and geopolitics.Fellow contributor Crispus Nyaga is my colleague ...
Wall Street Bulls Look Optimistic About Diversified Energy Company PLC (DEC): Should You Buy?
ZACKS· 2025-01-31 15:31
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 sell-side) 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 curre ...
Diversified Energy to Enter the Permian Via Maverick Acquisition
ZACKS· 2025-01-28 16:26
Diversified Energy Company plc (DEC) has announced the acquisition of a private-equity owned energy firm, Maverick Natural Resources, in the Permian Basin. The total value of the transaction came in at $1.28 billion, inclusive of Maverick’s debt. The deal is viewed as DEC’s first step into entering the Permian Basin, one of the largest oil-producing basins in the United States.Maverick Natural Resources is a U.S.-based exploration and production player that owns producing oil fields in West Texas and New Me ...
Diversified Energy Company PLC (DEC) Stock Slides as Market Rises: Facts to Know Before You Trade
ZACKS· 2025-01-22 23:56
Group 1 - Diversified Energy Company PLC (DEC) closed at $16.24, reflecting a -0.61% change from the previous day, underperforming the S&P 500 which gained 0.61% [1] - Over the past month, DEC shares increased by 2.57%, outperforming the Oils-Energy sector's decline of 0.29% and the S&P 500's gain of 2.08% [1] - The upcoming earnings report is anticipated to show revenue of $276.5 million, representing a significant 68.15% decrease compared to the same quarter last year [2] Group 2 - Recent changes in analyst estimates for DEC are crucial as they indicate shifts in near-term business trends, with positive revisions suggesting confidence in the company's performance [3] - The Zacks Rank system, which incorporates estimate changes, has a strong track record, with 1 stocks averaging a +25% annual return since 1988 [4][5] - Currently, DEC holds a Zacks Rank of 3 (Hold), with the Zacks Consensus EPS estimate rising by 14.41% over the past month [5] Group 3 - DEC is trading at a Forward P/E ratio of 12.87, which is below the industry average Forward P/E of 17.91, indicating a valuation discount [6] - The Alternative Energy - Other industry, part of the Oils-Energy sector, has a Zacks Industry Rank of 45, placing it in the top 18% of over 250 industries [6][7]
JCDecaux : Half-year liquidity contract statement for JCDecaux SE
Globenewswire· 2025-01-17 17:57
Key Figures for JCDecaux - Adjusted revenue for the half-year ending December 31, 2024: €2,694,820.10 with 161,069 shares [4] - Number of executions on the buy side for the semester: 6,231, with a traded volume of 1,469,779 shares worth €25,622,357.99 [4] - Number of executions on the sell side for the semester: 6,396, with a traded volume of 1,413,258 shares worth €24,710,643.03 [4] - Resources on the liquidity account as of June 30, 2024: 104,548 shares worth €3,537,984.55 [4] - 2023 revenue: €3,570.0 million, H1 2024 revenue: €1,807.6 million [4] Market Position and Global Reach - JCDecaux is the No 1 Out-of-Home Media company worldwide with a daily audience of 850 million people in over 80 countries [4] - The company operates 1,056,833 advertising panels globally and is present in 3,918 cities with more than 10,000 inhabitants [4] - JCDecaux is the global leader in street furniture with 630,196 advertising panels and in transport advertising with 153 airports and 258 contracts in metros, buses, trains, and tramways [4] - The company holds the No 1 position in outdoor advertising across Europe, Asia-Pacific, Latin America, Africa, and the Middle East [4] Sustainability and Recognition - JCDecaux's carbon reduction trajectory has been approved by the SBTi, and the company is part of the Euronext Paris CAC® SBT 1.5° index [4] - The company has achieved Gold Medal status from EcoVadis and is recognized for its extra-financial performance by FTSE4Good, CDP, MSCI, and Sustainalytics [4] - JCDecaux is the first Out-of-Home Media company to join the RE100 initiative and is a leader in eco-friendly mobility through its self-service bike rental schemes [4] Liquidity Contract Details - The liquidity contract between JCDecaux SE and Kepler Cheuvreux was implemented in accordance with AMF Decision N°2021-01 [2] - Resources on the liquidity account as of December 31, 2024: 161,069 shares worth €2,694,820.10 [4]