Diversified Energy Company(DEC)
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Diversified Energy Reports Strong Second Quarter Results Highlighting Consistent Cash Margins, Year-over-Year Growth, and Disciplined Execution of Maverick Acquisition Integration
GlobeNewswire News Room· 2025-08-11 06:01
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].
Diversified Energy Announces Second Quarter Dividend
Globenewswire· 2025-08-11 06:00
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 ...
JCDecaux : Amended version of the Half-Year Financial Report 2025.
Globenewswire· 2025-08-01 14:41
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]
JCDecaux : Half-Year Financial Report 2025
Globenewswire· 2025-07-31 16:06
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]
JCDecaux : Half-Year 2025 results - Solid results driven by digital and a unique geographic footprint
Globenewswire· 2025-07-31 04:58
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]
JCDecaux wins the exclusive advertising concession for Brussels Airport
Globenewswire· 2025-07-29 05:30
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]
JCDecaux : Half-year liquidity contract statement for JCDECAUX SE
Globenewswire· 2025-07-16 16:20
Core Insights - JCDecaux SE has reported its half-year liquidity contract statement, detailing the resources on its liquidity account as of June 30, 2025, in accordance with AMF Decision N°2021-01 [2][4]. Financial Performance - The liquidity account showed a total of 139,425 shares valued at €3,197,469.14 as of June 30, 2025 [4]. - The number of buy-side executions for the semester was 8,865, with a traded volume of 1,949,178 shares amounting to €30,039,726.86 [4]. - The sell-side executions totaled 8,796, with a traded volume of 1,970,822 shares valued at €30,507,873.96 [4]. Company Overview - JCDecaux is recognized as the number one out-of-home media company globally, with a daily audience of 850 million people across more than 80 countries [4]. - The company operates 1,091,811 advertising panels worldwide and is present in 3,894 cities with populations exceeding 10,000 [4]. - JCDecaux's 2024 revenue was reported at €3,935.3 million [4]. Sustainability and Recognition - The company has received approval for its carbon reduction trajectory from the Science Based Targets initiative (SBTi) and is part of the Euronext Paris CAC® SBT 1.5° index [4]. - JCDecaux has been recognized for its extra-financial performance, achieving ratings such as CDP (A), MSCI (AAA), and Sustainalytics (13.1), along with a Gold Medal status from EcoVadis [4].
Diversified Energy Promotes Michael Garrett to Chief Accounting Officer
Globenewswire· 2025-07-02 11:01
Core Viewpoint - Diversified Energy Company PLC has promoted Michael Garrett to Chief Accounting Officer, bringing over 20 years of accounting and financial reporting experience to the role [1][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 employs a differentiated strategy by acquiring existing, long-life assets and investing in them to enhance environmental and operational performance before retiring them safely [3]. - Diversified has been recognized for its sustainability leadership, which supports its goal of producing energy responsibly while generating reliable free cash flow and shareholder value [3]. Leadership and Responsibilities - In his new role, Garrett will oversee corporate and regulatory accounting, external financial reporting, controllership, and tax, managing a team of approximately 75 financial professionals [2]. - Garrett will report to Brad Gray, the President & Chief Financial Officer of Diversified [2]. - Brad Gray highlighted Garrett's unique background and expertise in the oil and gas sector, emphasizing his invaluable contributions to the organization [2]. Professional Background - Michael Garrett has been with Diversified since 2018, previously holding various leadership positions, including Senior Vice President and Controller [1][2]. - He has extensive experience in accounting roles at Callon Petroleum, Pfizer, and Pinnacle Airlines, with progressively higher responsibilities [2]. - Garrett holds a degree in accounting from Lambuth University and is a Certified Public Accountant (CPA) [2].
Diversified Energy's Next Growth Strategy Is Targeting The Data Center Power Market (Rating Upgrade)
Seeking Alpha· 2025-06-30 11:30
Group 1 - Diversified Energy Corporation has significantly increased its production capacity through acquisitions, reaching a total production of 1.149 Bcfe/d by the end of Q1 2025 [1] - The company has announced a partnership with The Carlyle Group, indicating a strategic move to enhance its operational capabilities [1] Group 2 - The article highlights the importance of considering the entire investment ecosystem rather than evaluating a company in isolation, emphasizing a comprehensive approach to investment recommendations [1]
Diversified Energy Company PLC (DEC) Exceeds Market Returns: Some Facts to Consider
ZACKS· 2025-06-24 22:50
Group 1 - Diversified Energy Company PLC (DEC) stock closed at $15.22, with a +2.35% change, outperforming the S&P 500's daily gain of 1.11% [1] - Prior to the recent trading session, DEC shares had increased by 5.76%, surpassing the Oils-Energy sector's gain of 5.39% and the S&P 500's gain of 3.92% [1] Group 2 - The Zacks Consensus Estimates project DEC's earnings at $1.99 per share and revenue at $1.65 billion for the full year, reflecting changes of +2.05% and +89.86% from the previous year [2] - Recent revisions in analyst estimates indicate a favorable outlook on DEC's business health and profitability [3] Group 3 - The Zacks Rank system, which ranges from 1 (Strong Buy) to 5 (Strong Sell), currently rates DEC at 5 (Strong Sell) [5] - Over the last 30 days, the Zacks Consensus EPS estimate for DEC has remained unchanged [5] Group 4 - DEC is trading at a Forward P/E ratio of 7.47, significantly lower than the industry average of 19.43, indicating a discount compared to its peers [6] - The Alternative Energy - Other industry, which includes DEC, has a Zacks Industry Rank of 159, placing it in the bottom 36% of over 250 industries [6]