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 Reports Strong Second Quarter Results Highlighting Consistent Cash Margins, Year-over-Year Growth, and Disciplined Execution of Maverick Acquisition Integration