Board of Directors Update - Sandra Stash will resign from the Board of Directors effective August 12, 2025, after serving since 2019, leaving in good standing [2][3] - David Turner is expected to replace Ms. Stash as the Senior Independent Director, while Kathryn Klaber will chair the Sustainability Committee, and Martin Thomas will join the Audit & Risk Committee [2][3] Commitment to Board Diversity - The Nomination Committee is dedicated to maintaining a high-quality, diverse board that supports the company's long-term goals [3] - David Johnson, Non-Executive Chairman, expressed gratitude for Ms. Stash's contributions and acknowledged her industry expertise [3] Company Overview - Diversified Energy Company PLC focuses on natural gas and liquids production, transport, marketing, and well retirement [4] - The company employs a differentiated strategy by acquiring long-life assets and investing in them to enhance environmental and operational performance [4] - Recognized for sustainability leadership, the company aims to responsibly produce energy and generate shareholder value [4]

Core Points - Decade Resources Ltd. has successfully closed a flow-through private placement, raising a total of $120,000 [1][2] - The private placement involved the issuance of 4,000,000 flow-through units at a price of 3 cents per unit, each unit consisting of one flow-through common share and one transferable non-flow-through common share purchase warrant [2] - The proceeds from this placement will be allocated to Canadian exploration expenses and critical mineral mining expenditures on the Company's properties in British Columbia [3] Financial Details - The total gross proceeds from the private placement amount to $120,000 [2] - Each warrant issued is exercisable for the purchase of one additional common share at a price of $0.05 per share for a period of 36 months [2] - All securities issued are subject to a statutory hold period of four months, expiring on December 13, 2025 [3]

Financial Data and Key Metrics Changes - The company reported total revenue of approximately $510 million for the quarter, with adjusted EBITDA of $280 million, reflecting a significant year-over-year increase in EBITDA and cash flow, nearly doubling from the previous year [5][19] - Adjusted EBITDA for 2025 reached $418 million, with a second-quarter adjusted EBITDA margin of 63% [19] - Free cash flow for the quarter was $88 million, impacted by approximately $25 million in non-recurring transaction-related costs, while net debt stood at approximately $2.6 billion, showing a 10% improvement in overall leverage [20][21] Business Line Data and Key Metrics Changes - Daily production exit rate for June was approximately 1.14 Bcf per day, with quarterly production averaging over 1.15 Bcf per day, with 65% of produced volumes generated in the expanded Central region [19] - The company has increased its total proved reserves by 65% since year-end 2024, indicating strong asset base resilience [10] Market Data and Key Metrics Changes - The company noted improvements in in-basin natural gas differentials, which are expected to benefit from rising natural gas demand driven by data center developments in the Appalachian region [15][16] - The company is positioned to benefit from the growing demand for natural gas, particularly for power generation and off-grid sources, as indicated by significant investments in the region [61][62] Company Strategy and Development Direction - The company focuses on a disciplined capital allocation strategy centered around debt reduction, returning capital to shareholders, and growing its portfolio through strategic acquisitions [8][10] - The partnership with Carlyle is aimed at supporting accretive acquisitions, with a potential to fund up to $2 billion worth of acquisitions without raising new equity capital [12][13] - The company aims to optimize cash flow from low decline energy assets while enhancing growth through strategic acquisitions [5][11] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in delivering strong operational and financial results despite increased market volatility due to external factors [7] - The company anticipates continued growth opportunities in the coming years, particularly in the context of maturing assets and M&A activity [12][13] - Management highlighted the undervaluation of shares and the potential for a re-rate based on strong fundamentals and consistent performance [31][32] Other Important Information - The company has returned approximately $2 billion in shareholder returns and debt repayments since its IPO in 2017, demonstrating a strong commitment to creating shareholder value [10][30] - The company has a healthy liquidity position of approximately $420 million, providing flexibility to navigate volatile markets [21] Q&A Session Summary Question: How does the Oklahoma JV fit into the core portfolio? - Management indicated that the Oklahoma JV is a steady program with potential for expansion into other basins, emphasizing the strong returns and ongoing development opportunities [40][42] Question: How are discussions going with Carlyle regarding dual procurement? - Management confirmed ongoing evaluations of opportunities with Carlyle, emphasizing the importance of disciplined acquisition strategies and the favorable environment for acquisitions due to lower commodity prices [44][45] Question: Can you provide information on land sales expectations? - Management noted higher realizations on undeveloped acreage sales and expressed confidence in additional sales opportunities, particularly in the Permian region [50][54] Question: What is the status of well retirements and third-party business? - Management reported a consistent pace of well plugging activities, with approximately 400 wells expected to be plugged this year, while third-party revenue remains steady [55][57] Question: How does the company view the AI data center opportunity? - Management expressed enthusiasm about the growing demand for natural gas driven by data center developments, highlighting potential pricing benefits and smaller-scale power generation opportunities [61][62] Question: What is the updated synergy capture expectation? - Management raised the synergy capture expectation to approximately $60 million, up from initial estimates of $50 million, citing successful integration efforts and operational efficiencies [64][66] Question: What are the footprint expansion opportunities post-Maverick acquisition? - Management highlighted ongoing portfolio optimization efforts across multiple basins, with confidence in identifying further opportunities for cost synergies and production enhancements [71][75]

Financial Performance & Strategy - Diversified Energy's total stakeholder returns since its 2017 IPO include approximately $2 billion in shareholder returns and debt principal payments[9] - The company completed approximately $2 billion in acquisitions recently[10] - The company made debt principal payments of $130 million[10] - The company's share repurchases are valued at approximately $43 million[10] - Dividend distributions are approximately $62 million[10] - The company's second quarter 2025 adjusted EBITDA was a record $280 million[23] - The company generated $88 million of adjusted free cash flow in the second quarter of 2025[23] Operational Highlights & Future Outlook - Total proved reserves as of July 1, 2025, were 5.98 Bcfe, a 65% increase compared to year-end 2024[11] - The company's second quarter 2025 average production was 1,149 MMcfe/d[24] - The company anticipates approximately $60 million in annualized synergies[61] - The company's 2025 guidance for adjusted EBITDA is between $825 million and $875 million[61]

Core Insights - Diversified Energy Company PLC reported strong interim results for the first half of 2025, achieving performance in line with expectations and highlighting strategic and financial achievements [2][9]. Financial Performance - The company generated total revenue of $804 million for the first half of 2025, reflecting a 79% year-over-year increase from $449 million in the first half of 2024 [5]. - Adjusted EBITDA for the first half of 2025 was $418 million, a 92% increase compared to $218 million in the same period last year [6]. - Free Cash Flow (Adjusted Free Cash Flow) reached $152 million for the first half of 2025, up 49% from $102 million in the first half of 2024 [6]. Production Metrics - Average production for the second quarter of 2025 was 1,149 MMcfepd (192 Mboepd), a 33% increase from 864 MMcfepd in the first quarter of 2025 [5]. - The production volume mix for the second quarter was approximately 73% natural gas, 13% natural gas liquids, and 14% oil [15]. Shareholder Returns - The company returned over $105 million to shareholders year-to-date through dividends and share repurchases [10]. - A dividend of $0.29 per share was declared for the second quarter of 2025 [10]. Strategic Initiatives - The company is on track to achieve its full-year 2025 guidance, with total production expected to be between 1,050 to 1,100 MMcfepd [22]. - A strategic partnership with The Carlyle Group aims to invest up to $2 billion in existing U.S. proved developed producing oil and gas assets, enhancing capital flexibility and supporting long-term growth [11][12]. Operational Efficiency - The integration of Maverick Natural Resources is progressing well, with an increased annualized synergy target of $60 million, up from the previous target of $50 million [10]. - The portfolio optimization program has realized approximately $70 million in cash flow from non-core asset and leasehold divestitures [12]. Market Outlook - The company remains focused on unlocking value through asset optimization and is well-positioned to benefit from trends such as electrification, AI power demand, and U.S. LNG export growth [13][14].

This announcement contains inside information for the purposes of Article 7 of the UK version of Regulation (EU) No. 596/2014 on Market Abuse ("UK MAR"), as it forms part of the UK domestic law by virtue of the European Union (Withdrawal) Act 2018. For further information, please contact: Diversified Energy Company PLC (LSE: DEC, NYSE:DEC) ("Diversified" or "the Company") is pleased to announce that the Board has declared an interim dividend of 29 cents per share in respect of 2Q25 for the three month perio ...

Core Insights - The document contains the amended version of the Half-Year Financial Report for 2025, indicating updates or corrections to previously reported financial data [1][2] Financial Performance - The Half-Year Financial Report for 2025 provides detailed financial metrics, including revenue, profit margins, and other key performance indicators [2] Company Overview - The report likely includes insights into the company's operational performance, market position, and strategic initiatives undertaken during the first half of 2025 [2]

Core Insights - The document contains the Half-Year Financial Report for JCDecaux for the year 2025 [1] Group 1 - The report provides detailed financial performance metrics for JCDecaux during the first half of 2025 [1] - Key financial indicators such as revenue, profit margins, and operational efficiency are likely included in the report [1] - The report may also highlight strategic initiatives and market conditions affecting JCDecaux's performance [1]

Core Insights - The company reported a solid revenue growth of +3.4% to €1,868.3 million in the first half of 2025, with organic growth at +3.3% [2][8] - Digital revenue grew significantly by +12.2%, now accounting for approximately 40% of total revenue, driven by a +25.2% increase in programmatic revenue [2][10] - The operating margin improved by +17.6% to €307.4 million, reflecting strong operating leverage with a flow-through rate of 75.8% [4][22] Revenue Performance - The company achieved a +3.3% organic revenue growth in H1 2025, despite a mid-single digit decline in China, with Q2 showing a +1.6% growth [3][9] - Digital Out-of-Home (DOOH) revenue surged by +12.2%, representing about 40% of total revenue, with programmatic revenue now at 10.1% of DOOH revenue [3][11] - Revenue from Street Furniture grew by +4.3%, Transport by +3.2%, while Billboard remained flat [12][18] Geographic Performance - North America and Rest of the World were the fastest-growing regions, while the UK experienced a decline of -2.9% [19][20] - Asia-Pacific saw a +1.3% organic growth despite a mid-single digit decline in China, which now represents 10% of total revenue [19][20] Operational Efficiency - The operating margin as a percentage of revenue reached 16.5%, a 200 basis points improvement year-on-year, with all segments showing margin growth [23][24] - EBIT before impairment charges grew by +11.6% to €125.6 million, with a remarkable +114.7% increase when excluding non-recurring items [4][28] Cash Flow and Financial Position - Operating cash flows increased by +10.7% to €153.7 million, driven by improved operating margins [35] - The company reported a decrease in net capital expenditure by -15.6% to €118.8 million, representing 6.4% of revenue [34] - Financial net debt decreased by €43.9 million year-on-year, amounting to €912.9 million as of June 30, 2025 [38] ESG Performance - The company has been recognized for its strong ESG performance, achieving a place on the CDP A List for the second consecutive year and receiving a Gold Medal from EcoVadis [43][44] - Nearly 50% of revenue is aligned with the Green Taxonomy European regulation, with a commitment to achieve Net Zero Carbon by 2050 [44]

Core Insights - JCDecaux has been awarded the exclusive advertising concession for Brussels Airport, effective January 1, 2026, following a competitive tender [1][2] - The partnership with Brussels Airport, which has served 23.6 million passengers in 2024, will focus on enhancing passenger experience and advertiser visibility through high-quality products and technological innovation [2][3] Group 1: Contract Details - JCDecaux will install, manage, and market advertising displays inside, outside, and around Brussels Airport, continuing a partnership that has lasted 18 years [2][3] - The contract emphasizes sustainability and safety, with objectives for green energy, recyclable materials, and waste management [4] Group 2: Strategic Positioning - JCDecaux is the leading outdoor advertising company globally and operates in 39 countries, with a strong presence in Belgium, including street furniture concessions in major cities [5][7] - The new digital screens at Brussels Airport will be integrated into JCDecaux Belgium's programmatic offer, complementing the existing 1,400 digital furniture units across the country [5] Group 3: Company Performance - In 2024, JCDecaux reported a revenue of €3,935.3 million and has a daily audience of 850 million people across more than 80 countries [7] - The company is recognized for its sustainability efforts, having joined the Euronext Paris CAC® SBT 1.5° index and achieving high ratings in various sustainability assessments [9]