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Diversified Energy Announces Pricing of Secondary Offering of Ordinary Shares - Diversified Energy (NYSE:DEC)
Benzinga· 2025-09-17 00:37
Core Viewpoint - Diversified Energy Company PLC has announced the pricing of a secondary offering of ordinary shares, with a total of 5,713,353 shares priced at $13.75 each, and an additional option for underwriters to purchase up to 857,002 shares [1][2]. Summary by Sections Secondary Offering Details - The secondary offering consists entirely of ordinary shares sold by selling stockholders, with Diversified not offering any shares or receiving proceeds from the sale [2]. - The offering is expected to settle on September 18, 2025, pending customary closing conditions [2]. Participation and Related Transactions - The Diversified Employee Benefit Trust intends to purchase 750,000 shares at the public offering price, totaling $10,312,500, which constitutes a related party transaction due to connections with Diversified's director [3]. - The shares were originally issued as part of the acquisition of Maverick Natural Resources, LLC, completed on March 14, 2025 [3]. Underwriters and Management - Mizuho and Raymond James are acting as joint book-running managers for the offering, with Citigroup also participating as a joint book-running manager [4]. - The offering is supported by a shelf registration statement filed with the SEC, which became effective upon filing [5]. Company Overview - Diversified Energy focuses on acquiring and managing energy assets, including natural gas and liquids production, and is recognized for its sustainability leadership [8].
Diversified Energy Announces Pricing of Secondary Offering of Ordinary Shares
Globenewswire· 2025-09-17 00:37
Core Viewpoint - Diversified Energy Company PLC has announced the pricing of a secondary offering of ordinary shares, with a total of 5,713,353 shares priced at $13.75 each, and an additional option for underwriters to purchase up to 857,002 shares [1][2]. Group 1: Secondary Offering Details - The secondary offering consists entirely of ordinary shares sold by selling stockholders, with Diversified not offering any shares or receiving proceeds from the sale [2]. - The offering is expected to settle on September 18, 2025, pending customary closing conditions [2]. - The Diversified Employee Benefit Trust intends to purchase 750,000 shares at the public offering price, totaling $10,312,500, which constitutes a related party transaction [3]. Group 2: Underwriters and Management - Mizuho and Raymond James are acting as joint book-running managers for the secondary offering, with Citigroup also participating as a joint book-running manager [4]. - The board of directors has confirmed that the related party transaction is fair and reasonable for shareholders, with advice from Stifel Nicolaus Europe Limited [3]. Group 3: Company Overview - Diversified Energy is an independent energy company focused on natural gas and liquids production, transportation, marketing, and well retirement, recognized for its sustainability leadership [8].
Diversified Energy Announces Proposed Secondary Offering of Ordinary Shares - Diversified Energy (NYSE:DEC)
Benzinga· 2025-09-16 20:16
Core Viewpoint - Diversified Energy Company PLC has announced a proposed secondary offering of 5,713,353 ordinary shares, with an additional option for underwriters to purchase up to 857,002 shares, aimed at raising capital through selling stockholders [1][2]. Group 1: Offering Details - The secondary offering consists entirely of ordinary shares sold by selling stockholders, with all net proceeds going to them, while Diversified will not receive any proceeds from this offering [2]. - The Diversified Employee Benefit Trust has expressed interest in purchasing up to 750,000 ordinary shares at the public offering price, although no commitment has been made [1]. Group 2: Underwriters and Management - Mizuho and Raymond James are acting as joint book-running managers for the offering, with Citigroup also participating as a joint book-running manager [3]. - A shelf registration statement for the resale of these securities was filed with the SEC on May 16, 2025, and became effective upon filing [4]. Group 3: Regulatory and Legal Information - The secondary offering will be conducted only through a prospectus supplement and an accompanying prospectus, which will be available free of charge on the SEC's website [4]. - The announcement does not constitute an offer to sell or solicit offers to buy ordinary shares in jurisdictions where such actions would be unlawful [5].
Diversified Energy Announces Proposed Secondary Offering of Ordinary Shares
Globenewswire· 2025-09-16 20:16
Core Viewpoint - Diversified Energy Company PLC is launching a secondary offering of 5,713,353 ordinary shares managed by certain funds or entities affiliated with EIG, with an additional option for underwriters to purchase up to 857,002 shares [1][2] Group 1: Offering Details - The secondary offering consists entirely of ordinary shares sold by the Selling Stockholders, who will receive all net proceeds from the offering [2] - The Diversified Employee Benefit Trust has expressed interest in purchasing up to 750,000 ordinary shares at the public offering price, although no commitment has been made [1] - Mizuho and Raymond James are acting as joint book-running managers for the offering, with Citigroup also participating [3] Group 2: Regulatory Information - A shelf registration statement for the resale of these securities was filed with the SEC on May 16, 2025, and became effective upon filing [4] - The secondary offering will be conducted only through a prospectus supplement and an accompanying prospectus [4] Group 3: Company Overview - Diversified Energy is focused on acquiring, managing, and optimizing a portfolio of cash-generative energy assets, including natural gas and liquids production, transport, marketing, and well retirement [6][8] - The company aims to improve environmental and operational performance of its long-life assets before retiring them safely and securely [6][8]
Decade Resources Reports Mineralized Quartz Veins and Porphyry Indicators at North Mitchell Property, Golden Triangle, BC
Newsfile· 2025-09-16 12:00
Decade Resources Reports Mineralized Quartz Veins and Porphyry Indicators at North Mitchell Property, Golden Triangle, BCSeptember 16, 2025 8:00 AM EDT | Source: Decade Resources Ltd.Stewart, British Columbia--(Newsfile Corp. - September 16, 2025) - Decade Resources Ltd. (TSXV: DEC) ("Decade" or the "Company") is pleased to report results from a recent reconnaissance program on the North Mitchell Property, located approximately 7 km north of Newmont's Brucejack Mine and east of Seabridge Gold' ...
Should You Invest in Diversified Energy Company PLC (DEC) Based on Bullish Wall Street Views?
ZACKS· 2025-09-15 14:30
Core Viewpoint - The article discusses the reliability of brokerage recommendations, particularly focusing on Diversified Energy Company PLC (DEC), and suggests that while the average brokerage recommendation (ABR) indicates a favorable outlook, it may not be a reliable basis for investment decisions [1][5]. Brokerage Recommendation Summary - Diversified Energy Company PLC has an average brokerage recommendation (ABR) of 1.67, which is between Strong Buy and Buy, based on recommendations from six brokerage firms [2]. - Out of the six recommendations, four are Strong Buy, accounting for 66.7% of the total recommendations [2]. Zacks Rank and Earnings Estimates - The Zacks Consensus Estimate for DEC's current year earnings remains unchanged at $2.3, indicating steady analyst views on the company's earnings prospects [13]. - The Zacks Rank for DEC is 3 (Hold), influenced by the size of the recent change in the consensus estimate and other earnings-related factors [14]. - The Zacks Rank is considered a more effective indicator of stock price performance compared to the ABR, as it is based on earnings estimate revisions which correlate strongly with near-term stock price movements [11]. Differences Between ABR and Zacks Rank - The ABR is based solely on brokerage recommendations and may not be up-to-date, while the Zacks Rank reflects timely earnings estimate revisions [12]. - The Zacks Rank is a quantitative model that categorizes stocks into five groups, contrasting with the ABR's decimal-based scoring system [9].
Diversified Energy Company PLC (NYSE:DEC) Sees Price Target Increase by Mizuho Securities
Financial Modeling Prep· 2025-09-10 02:05
Mizuho Securities analyst Nitin Kumar sets a new price target of $27 for NYSE:DEC, indicating a potential upside of 73.3%.DEC's acquisition of Canvas Energy marks a significant step in its expansion strategy, drawing attention from major analysts.The stock has experienced positive momentum, with a recent increase of $0.71 or 4.77%, showcasing investor optimism.Diversified Energy Company PLC (NYSE:DEC) is a prominent player in the energy sector, focusing on the acquisition and management of energy assets. Re ...
Diversified Energy Company PLC (DEC) Acquisition Of Canvas Energy Conference Call (Transcript)
Seeking Alpha· 2025-09-09 17:23
Core Viewpoint - Diversified Energy Company is conducting a conference call to discuss its acquisition of Canvas Energy, highlighting the strategic importance of this transaction [2]. Group 1: Acquisition Details - The call features key executives from Diversified Energy, including the Founder and CEO, Rusty Hutson, and President and CFO, Brad Gray, indicating a high level of corporate engagement in the acquisition process [2]. - A slide deck has been made available to provide additional context and details regarding the acquisition, suggesting a structured approach to communicating the transaction [2]. Group 2: Financial and Operational Outlook - The remarks during the call reflect the financial and operational outlook as of September 9, 2025, emphasizing the importance of timing in financial assessments [3]. - The discussion includes references to non-GAAP and non-IFRS financial measures, indicating a focus on providing a comprehensive view of the company's financial health beyond standard accounting practices [3].
Carrier Connect Data Solutions to Present at the Emerging Growth & Value Alpha Leaders Conference by Singular Research
Thenewswire· 2025-09-09 17:20
 VANCOUVER, British Columbia – TheNewswire - September 9, 2025 – Carrier Connect Data Solutions Inc. (TSX.V:CCDS; OTCQB:CCDSF; WKN: A40XB1) (the “Company” or “Carrier”), a data center company on a mission to roll up Tier II/III data centers internationally that specialize in delivering co-location, announces that it will be presenting at the Emerging Growth & Value Alpha Leaders Conference held by Singular Research on September 10th at 9am EST/6am PST.   CEO Mark Binns will outline Carrier Connect’s progres ...
Diversified Energy Company (NYSE:DEC) M&A Announcement Transcript
2025-09-09 13:30
Summary of Diversified Energy Company Conference Call on Acquisition of Canvas Energy Company and Industry - **Company**: Diversified Energy Company (NYSE: DEC) - **Acquisition Target**: Canvas Energy, a privately held company based in Oklahoma City - **Industry**: Energy sector, specifically focused on oil and natural gas production Core Points and Arguments 1. **Acquisition Announcement**: Diversified Energy Company announced the acquisition of Canvas Energy for approximately $550 million, which is expected to close in Q4 2025 pending regulatory approval [4][8][9] 2. **Production Increase**: The acquisition is projected to increase Diversified's production by approximately 13%, adding around 147 million cubic feet or 24,000 barrels of oil equivalent per day, with a commodity split of 57% liquids and 43% natural gas [6][15] 3. **Financial Metrics**: The acquisition is anticipated to generate approximately $155 million in EBITDA over the next 12 months, representing an 18% increase to the current base, and a 29% increase in free cash flow [7][15] 4. **Asset Quality**: Canvas Energy adds approximately 240,000 net acres and enhances Diversified's low-decline production profile, with total crude reserves valued at approximately $1.4 billion on a PV10 basis [7][10] 5. **Funding Structure**: The acquisition will be funded through a combination of asset-backed securitization funding of up to $400 million and approximately 3.4 million shares of Diversified, maintaining a leverage-neutral transaction [8][9] 6. **Strategic Growth**: The acquisition aligns with Diversified's strategy of consolidating high-quality, cash-generating energy assets and optimizing existing long-life U.S. assets [4][5] 7. **Operational Synergies**: The company expects to achieve significant operational synergies through the integration of Canvas's assets, enhancing cash generation and operational efficiency [11][14] 8. **Market Position**: The acquisition reinforces Diversified's position as a leading player in the Oklahoma market, with a combined acreage footprint of approximately 1.6 million acres [10][15] Additional Important Content 1. **Carlyle Partnership**: This acquisition marks the first transaction utilizing the Carlyle strategic funding partnership, which is expected to facilitate future acquisitions of high-quality assets [9][23] 2. **Focus on Undeveloped Acreage**: Diversified is exploring opportunities for joint ventures or divestitures on undeveloped acreage acquired from Canvas, particularly in high-potential areas like the Scoopstack region [26][34] 3. **G&A Structure**: The corporate general and administrative expenses at Canvas are estimated to be around $25 million to $30 million, which Diversified plans to consolidate effectively [46] 4. **Interest Rate and Maturity Terms**: The interest rates for the asset-backed securitization are expected to be favorable due to declining treasury rates, with terms similar to previous ABS notes issued by Diversified [54] This summary encapsulates the key points discussed during the conference call regarding the acquisition of Canvas Energy by Diversified Energy Company, highlighting the strategic, financial, and operational implications of the transaction.