Core Viewpoint - Diversified Energy Company has successfully completed the acquisition of Canvas Energy, enhancing its operational capabilities and asset portfolio in Oklahoma, funded through a $400 million asset-backed securitization [2][3]. Acquisition Highlights - The acquisition adds complementary operated producing properties and acreage positions in Oklahoma, with a purchase price of approximately $550 million, reflecting a purchase price multiple of about 3.5x on next twelve months (NTM) EBITDA [7]. - The estimated NTM EBITDA for the combined entities is around $155 million, prior to anticipated synergies, with a proved PV-10 value of approximately $690 million and total reserves of about 200 million barrels of oil equivalent (MMBoe) [7]. - The acquisition is expected to yield significant annual run rate synergies and includes commercially attractive undeveloped acreage, providing options for portfolio optimization [7]. ABS Financing Highlights - To facilitate the acquisition, the company issued 3,720,125 new shares of common stock, which will be listed on the New York Stock Exchange [4]. - The ABS transaction is structured as a master trust, with "A" tranche notes priced at a blended coupon of 5.97%, benefiting from an investment-grade rating [7]. Total Voting Rights - As of November 24, 2025, the total number of shares of common stock in issue is 80,445,793, with each share carrying one vote [6].

New York Stock Exchange (“NYSE”) to be Primary Listing Venue of Shares and Delaware Incorporation of Diversified Energy Company Diversified Will Retain UK listing on the Equity Shares (International Commercial Companies Secondary Listing) Category BIRMINGHAM, Ala., Nov. 21, 2025 (GLOBE NEWSWIRE) -- Diversified Energy Company plc (the “Company”) (NYSE:DEC, LSE: DEC) is pleased to announce that following the approval received at the shareholder meetings on November 10, 2025, the High Court of Justice of Engl ...

Core Viewpoint - JCDecaux SE has announced a share buy-back program for up to 1.5 million shares, representing approximately 0.70% of its share capital, to be executed from November 20, 2025, to May 13, 2026 [1][2]. Group 1: Share Buy-Back Program - The share buy-back program is authorized by the Annual General Meeting held on May 14, 2025 [2]. - An investment-services provider has been appointed to facilitate the purchase of shares [2]. - The shares acquired will primarily be used to cover performance share allocations for current or future performance plans [3]. Group 2: Company Overview - JCDecaux reported a revenue of €3,935.3 million for 2024 and €1,868.3 million for H1 2025 [6]. - The company is the number one out-of-home media company globally, with a daily audience of 850 million people across more than 80 countries [6]. - JCDecaux operates 1,091,811 advertising panels worldwide and is present in 3,894 cities with populations exceeding 10,000 [6]. - The company employs 12,026 individuals and is listed on the Eurolist of Euronext Paris, being part of the SBF 120 and CAC Mid 60 indexes [6]. - JCDecaux has received various recognitions for its extra-financial performance, including an A rating from CDP and AAA from MSCI [6].

Summary of Diversified Energy Company FY Conference Call Company Overview - **Company Name**: Diversified Energy Company (NYSE: DEC) - **Industry**: Energy Production - **Focus**: Acquiring and optimizing long-life, low-decline energy assets across the U.S. [1][2] Core Business Model - **Acquisition Strategy**: Focus on mature, cash flow-generating energy assets, specifically PDP (producing developed producing) assets [3][4] - **Cost Structure**: Acquisitions are financed with a lower cost of capital, typically in the sub-10% range, utilizing asset-backed securities (ABS) [3][6] - **Operational Scale**: Operates with a workforce of 2,000 employees across 11 states, enhancing synergies and margin improvements [4][6] Financial Performance - **Production Metrics**: Over $1 billion in annualized EBITDA, with a market cap of approximately $1.1-$1.2 billion [11][9] - **Cash Flow Allocation**: $440 million projected free cash flow for 2025, with 20% allocated to dividends [10][9] - **Share Repurchases**: Approximately $61 million in share repurchases, representing about 6% of shares outstanding [9][10] Growth and Acquisitions - **Acquisition History**: Completed 30 acquisitions in the PDP space over the last seven years, all accretive on a per-share basis [12][4] - **Future Opportunities**: Anticipates $70 billion-$90 billion in assets coming to market over the next couple of years due to industry consolidation [12][16] - **Recent Acquisitions**: Notable acquisition of Canvas Energy for $550 million, with $400 million financed through Carlyle [18][19] Capital Allocation and Financing - **Debt Structure**: Primarily utilizes ABS for financing, with an overall cost of capital around 6-6.5% [39][40] - **Dividend Policy**: Fixed dividend yield of 7-8%, not tied to commodity prices [10][9] Environmental and Regulatory Considerations - **Emissions Management**: Rated AA for emissions performance, with a focus on sustainable asset management [26][27] - **Partnerships**: Collaborates with technology providers for emissions measurement and mitigation [22][23] Market Position and Future Outlook - **Market Transition**: Transitioning to primary listing on the New York Stock Exchange, enhancing access to a broader investor base [30][31] - **Investment Thesis**: Positioned as a best-in-class small-cap investment opportunity with a strong focus on cash flow generation and disciplined capital allocation [32][30] Key Challenges and Considerations - **Operational Risks**: Corporate decline rate estimated at 10%, managed through acquisitions and land sales [41][42] - **Regulatory Environment**: Cautious approach to new basin acquisitions due to regulatory uncertainties, particularly in states like Colorado [36][37] Conclusion - **Strategic Focus**: Diversified Energy Company emphasizes disciplined acquisitions, strong cash flow management, and sustainable practices to enhance shareholder value and position itself for future growth in the energy sector [32][12]

Core Points - Diversified Energy Company has received approval from the Financial Conduct Authority (FCA) for its prospectus dated November 19, 2025, related to the admission of its ordinary shares to the Official List and trading on the London Stock Exchange [2] - The prospectus will be available on the company's website and submitted to the National Storage Mechanism, with the scheme expected to become effective around November 21, 2025, and shares anticipated to be listed on the NYSE by November 24, 2025 [3] Company Overview - Diversified Energy Company is a publicly traded energy firm focused on acquiring, operating, and optimizing cash-generating energy assets, recognized for its sustainability leadership [4] - The company employs a differentiated strategy to acquire long-life assets, investing in them to enhance environmental and operational performance before safely retiring them [4]

World Toilet Day: JCDecaux completes the roll-out of the World’s largest network of self-cleaning public toilets in Paris Paris, November 18th, 2025 – JCDecaux SE (Euronext Paris: DEC), the number one outdoor advertising company worldwide, announces the full completion of the roll-out of the new generation of self-cleaning public toilets for the City of Paris, the world’s largest network of self-cleaning public toilets, following 18 months of mobilisation by JCDecaux teams. In 2022, JCDecaux – a global-lead ...

Core Insights - Diversified Energy Company PLC (NYSE:DEC) experienced a significant share price increase of 10.5% from November 7 to November 14, 2025, marking it as one of the top-performing energy stocks during that week [1]. Financial Performance - The company reported a remarkable year-over-year revenue increase of approximately 105% and a 157% rise in free cash flow for Q3, indicating strong value generation in volatile markets [3]. - Production growth was recorded at 36% year-over-year, contributing to the overall revenue increase alongside higher pricing [3]. - The FY 2025 adjusted EBITDA guidance was revised upward to between $900 million and $925 million, an increase from the previous range of $825 million to $875 million [3]. Analyst Ratings and Market Sentiment - Following the strong Q3 results, Citi analyst Paul Diamond raised the price target for DEC from $16 to $17 while maintaining a 'Buy' rating, emphasizing the company's robust balance sheet and potential for inorganic growth [4]. - The recent surge in natural gas prices, driven by cold weather forecasts and record LNG exports, has positively impacted DEC's market position [5].

Core Insights - JCDecaux has renewed its exclusive contract with STIB for 8+2+2 years to manage advertising spaces in Brussels' public transport system, including metro, trams, and buses [1][6] - The STIB network has experienced a 70% increase in users over the past decade, reaching nearly 1.1 million daily users, highlighting the growing popularity of public transport in Brussels [3] - The new contract emphasizes technological innovation and sustainability, with a focus on renewable energy and recyclable materials [4][6] Company Overview - JCDecaux is the leading outdoor advertising company globally, with a revenue of €3,935.3 million in 2024 and €1,868.3 million in H1 2025 [7] - The company operates a vast network of advertising panels, with 1,091,811 panels worldwide and a daily audience of 850 million people across more than 80 countries [11] - JCDecaux's commitment to sustainability is evident through its participation in various environmental initiatives, including the RE100 and achieving Gold Medal status from EcoVadis [11] Contract Details - The new contract includes the deployment of 180 to 200 digital information screens in 26 STIB stations, along with 4 iconic LED screens and 5 digital cubes in high-traffic areas [8] - JCDecaux will manage advertising spaces across 1,300 trams and buses, as well as 900 analogue displays in 69 metro stations [8] - The contract aims to enhance the passenger experience while providing effective advertising solutions for brands [4][6]

Core Points - JCDecaux collaborates with Swarovski for the 2025 Illuminations on the Champs-Élysées, marking a significant partnership alongside the Champs-Élysées Committee [1][3] - The event features 400 illuminated trees and 200 Swarovski-branded banners along the 2-kilometer stretch from the Arc de Triomphe to Place de la Concorde [3] - A unique pop-up space has been established at 1 Place Charles de Gaulle, showcasing Swarovski's collections from November 16 to December 26, 2025 [4] Company and Industry Summary - JCDecaux has been a partner of the Champs-Élysées Committee since 2014, focusing on activating prestigious brands for the Illuminations [3] - The 2025 edition introduces a new "sound and light" experience using innovative LED technology, enhancing the overall spectacle [5] - The event runs from November 16, 2025, to January 5, 2026, and aims to attract both locals and international visitors, continuing a tradition that saw over 150,000 attendees at the 2024 inauguration [6] - The collaboration with Swarovski is highlighted as a significant sponsorship, celebrating Swarovski's 130th anniversary and enhancing the event's glamour and elegance [7][8] - JCDecaux emphasizes its commitment to beautifying cities through innovative products and services, contributing to the festive atmosphere of Paris during the holiday season [8]

Core Points - JCDecaux SE is supporting Swarovski in its partnership with the Comité Champs-Elysées for the 2025 Illuminations of the Champs-Élysées, marking a significant collaboration in outdoor advertising and festive events [1][3][5] - The 2025 Illuminations feature 400 illuminated trees and 200 kakemonos displaying the Swarovski logo along a 2-kilometer stretch of the avenue, enhancing the festive atmosphere in Paris [3][5] - An exclusive pop-up store by Swarovski has opened at 1 Place Charles de Gaulle, offering visitors access to its collections during the Holiday Season Illuminations [4] - The event kicked off on November 16, 2025, with a new "sound and light" experience designed by renowned lighting designer Thomas Dechandon, integrating innovative LED technology [5][7] - The Illuminations will run for 7 weeks, from November 16, 2025, to January 5, 2026, attracting both locals and tourists, with over 150,000 attendees expected for the inauguration [6][7] Company Overview - JCDecaux is the number one outdoor advertising company globally, with a daily audience of 850 million people across more than 80 countries [12] - The company reported a revenue of €3,935.3 million for 2024 and €1,868.3 million for the first half of 2025 [12] - JCDecaux operates 1,091,811 advertising panels worldwide and is recognized for its commitment to sustainability, having joined the Euronext Paris CAC® SBT 1.5° index [12]