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Diversified Energy Demonstrates Innovation, Collaboration, and Responsibility in 2024 Sustainability Report
Globenewswire· 2025-04-03 06:01
Core Insights - Diversified Energy Company PLC has made significant strides in sustainability, achieving a 13% year-over-year reduction in methane intensity and a 56% reduction since 2020 [1][6] - The company has improved personal safety performance, with a 30% reduction in Total Recordable Incident Rate (TRIR) from 2023 [1][6] - For the third consecutive year, the company's activities contributed over $1 billion to state GDPs [1][6] Environmental Protection - Methane intensity was reduced to 0.7 MT CO2e per MMcfe, down from a 2020 baseline of 1.6 MT CO2e per MMcfe [6] - The company eliminated or converted 459 pneumatic devices and pumps to non-emitting [6] - Conducted 152,000 voluntary emission detection surveys, maintaining a ~98% no-leak rate on surveyed assets [6] - Achieved the Oil and Gas Methane Partnership 2.0 (OGMP) Gold Standard for the third consecutive year [6] Employee and Community Support - Introduced new physical and mental wellness programs for employees [6] - Contributed $2.1 million in community outreach, with over 25% directed to socio-economically disadvantaged regions [6] - The company has a strong focus on responsible operations, including safely retiring wells while supporting local economies [5][6]
Diversified Energy Announces Successful Placement of 4-year Senior Secured Notes
Globenewswire· 2025-03-28 07:01
Core Viewpoint - Diversified Energy Company PLC has successfully placed $300 million of new senior secured notes, maturing in April 2029 with a fixed coupon of 9.75% per annum, aimed at enhancing liquidity and supporting corporate purposes [1][2]. Group 1: Financial Details - The new senior secured notes will be used for repayment of existing debt and general corporate purposes, providing increased liquidity of approximately $440 million, including the proceeds from the note offering [2]. - The new debt is leverage-neutral and is expected to enhance cash flow, allowing for continued investment in high rate of return opportunities [2]. Group 2: Company Overview - Diversified Energy Company is an independent energy company focused on natural gas and liquids production, transportation, marketing, and well retirement [3]. - The company employs a differentiated strategy by acquiring existing long-life assets and investing in them to improve environmental and operational performance before retiring them safely [3]. - Recognized for sustainability leadership, Diversified aims to responsibly produce energy, deliver reliable free cash flow, and generate shareholder value [3].
Is It Worth Investing in Diversified Energy Company PLC (DEC) Based on Wall Street's Bullish Views?
ZACKS· 2025-03-27 14:30
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: Old Wells And Some Leverage Bring Strong Cash Flow
Seeking Alpha· 2025-03-26 05:01
Diversified Energy ( OTCQX:DEC ) is an Oil & Gas producer in Appalachia and the Central Region (Oklahoma and Texas), for a total production of 791 MMcfe/d (Million Cubic Feet equivalent per day), scheduled to increase to 1.075 MMcfe/d in March afterEquity Portfolio Manager with a strong Value bias. Currently moving to smaller cap names and mainly interested in cyclical companies that can re-rate. Particularly attracted by the mining and oil sector.Analyst’s Disclosure: I/we have a beneficial long position i ...
Diversified Energy Announces Details of Share Buyback Program
Globenewswire· 2025-03-20 07:03
Core Viewpoint - Diversified Energy Company PLC has announced a Share Buyback Program aimed at reducing its issued share capital, believing that its shares are trading at a substantial discount to net asset value, thus representing an appropriate use of cash resources [2][6]. Group 1: Share Buyback Program Details - The Company has the authority to repurchase its ordinary shares of 20p each, as approved at the 2024 Annual General Meeting [2]. - The maximum number of shares to be repurchased is set at 4,756,842 shares, with a total consideration not exceeding £52.3 million [6]. - The Program will expire on the earlier date of June 30, 2026, or the Company's 2026 Annual General Meeting [6]. Group 2: Execution and Compliance - The buyback will be executed on the London Stock Exchange, adhering to the limitations set by the shareholder authority and relevant regulations [3]. - The Company has engaged Peel Hunt LLP to facilitate the repurchase of shares, allowing purchases during closed periods independently of the Company [4]. Group 3: Company Overview - Diversified Energy Company is focused on natural gas and liquids production, marketing, and well retirement, acquiring long-life assets to improve performance and ensure safe retirement [5]. - The Company is recognized for its sustainability leadership and aims to responsibly produce energy while generating shareholder value [5].
Director Shareholdings
GlobeNewswire News Room· 2025-03-20 07:02
Diversified Energy Company PLC (LSE: DEC) (NYSE: DEC) announces that on March 18-19, 2025, members of the Company’s Board of Director’s (the “Board”) transacted in ordinary shares of 20p each in the Company ("Ordinary Shares"). Members of the Board transacting in Ordinary Shares included: David Johnson, Non-Executive Chair of the BoardDavid J. Turner, Jr., Independent Non-Executive Director Details of the Board member transactions in Ordinary Shares and the resulting positions in the Ordinary Shares of the ...
PDMR Shareholdings
Globenewswire· 2025-03-20 07:01
Core Viewpoint - Diversified Energy Company PLC has announced the vesting of Performance Stock Units (PSUs) and Restricted Stock Units (RSUs) awarded to Persons Discharging Material Responsibility (PDMRs), resulting in changes to their holdings of Ordinary Shares [1][2]. Group 1: Vesting Details - The company will transfer Ordinary Shares from its Employee Benefit Trust to settle the awards, net of customary withholdings [2]. - The net awards and post-award share holdings for key executives are as follows: - Rusty Hutson, Jr: 42,007 shares, holding 1,276,141 shares (1.58% of issued share capital) - Bradley Gray: 26,546 shares, holding 192,131 shares (0.24% of issued share capital) - Benjamin Sullivan: 21,902 shares, holding 62,319 shares (0.08% of issued share capital) [2]. Group 2: Company Overview - Diversified Energy Company PLC is a publicly traded energy company focused on natural gas and liquids production, transport, marketing, and well retirement [3]. - The company aims to acquire long-life assets and invest in them to enhance environmental and operational performance, ultimately retiring these assets safely and securely [3]. - Recognized for sustainability leadership, the company emphasizes a stewardship approach to responsibly produce energy and generate shareholder value [3].
Announcement of Fixed Income Investor Meetings
Globenewswire· 2025-03-20 07:00
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 that it has mandated DNB Markets, a part of DNB Bank ASA, as Sole Bookrunner to arrange a series of fixed income investor calls commencing March 24, 2025. Following such fixed-income investor calls, the Company intends to commence an offering of four-year US$ denominated senior secur ...
Diversified Energy: Incredible Growth Potential With Maverick Natural Resources Acquisition, But Uncertainty Ahead
Seeking Alpha· 2025-03-19 12:30
Alberto holds a Master's degree in Business Economics. During his academic career he acquired an extensive managerial and economic background, with a solid quantitative basis. He covers all sectors and the different types of stocks. Essentially describes a useful investment strategy that fits the profile of any investor, whether they are dividend investors or interested in a value proposition or growth opportunity.Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the ...
Q3 2024 Dividend Exchange Rate
GlobeNewswire News Room· 2025-03-19 07:01
BIRMINGHAM, Ala., March 19, 2025 (GLOBE NEWSWIRE) -- Diversified Energy Company PLC (LSE: DEC) (NYSE: DEC) announced on November 12, 2024 a dividend in respect of the quarter ended September 30, 2024 in the amount of 29 cents per share (the “Q3 2024 Dividend”.) The Company will pay the Q3 2024 Dividend on March 31, 2025 to those shareholders on the register on February 28, 2025.  The Company announces that shareholders who have elected to receive their dividends in GBP sterling will receive an equivalent di ...