Workflow
Natural gas and liquids production
icon
Search documents
Diversified Energy Announces Timing of 2025 Third Quarter Results
Globenewswire· 2025-10-21 20:15
Core Viewpoint - Diversified Energy Company PLC is set to release its operational and financial results for Q3 2025 on November 3, 2025, after the US market closes, followed by a conference call on November 4, 2025, to discuss these results [1]. Group 1: Financial Results Announcement - The company will publish its Q3 2025 Results on its website prior to the conference call [2]. - A supplementary Q3 2025 Results Presentation will also be made available on the company's website [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 employs a differentiated strategy by acquiring long-life assets and investing in them to enhance environmental and operational performance before retiring them safely [3]. - Recognized for sustainability leadership, the company aims to responsibly produce energy, deliver reliable free cash flow, and generate shareholder value [3].
Diversified Energy Announces Proposed Move of Primary Listing to the New York Stock Exchange
Globenewswire· 2025-10-01 06:00
Core Viewpoint - Diversified Energy Company PLC plans to move its primary listing to the New York Stock Exchange (NYSE) while maintaining a secondary listing on the London Stock Exchange (LSE) to enhance trading liquidity and visibility with investors, and to provide strategic capital markets benefits for growth [1][4]. Group 1: Listing Strategy - The decision to move to the NYSE is based on the evaluation of the optimal public company listing venue in alignment with the company's business strategy [4]. - The company will retain a secondary listing on the LSE to facilitate trading liquidity for its non-US shareholder base [6]. Group 2: Business Operations - The company is primarily a US business, with all operating profit derived from US operations, and its executive management and operational headquarters are also based in the US [2]. - As of June 30, 2025, over 65% of the company's outstanding shares were held by US resident investors [3]. Group 3: Shareholder Approval Process - The move will require a formal vote by shareholders at a general meeting, needing approval from a majority in number of registered shareholders voting in person or by proxy, representing 75% in value of the shares voted [5]. - A shareholder circular detailing the proposals is expected to be published soon, with the general meeting anticipated to occur in the coming weeks [5]. Group 4: Expected Benefits - The proposed move is expected to increase overall liquidity in the company's shares by accessing deeper US capital markets [6]. - The primary US listing is anticipated to enhance exposure to US investors and provide access to passive investment pools of capital [6]. - The company aims to optimize its positioning for inclusion in premier US equity indices and Exchange Traded Funds [6].
Diversified Energy Announces Proposed Move of Primary Listing to the New York Stock Exchange
Globenewswire· 2025-09-30 20:15
Core Viewpoint - Diversified Energy Company PLC plans to move its primary listing to the New York Stock Exchange while retaining a secondary listing on the London Stock Exchange, aiming to enhance trading liquidity and visibility with investors, and to provide strategic capital markets benefits for growth [1][4]. Group 1: Listing Strategy - The company is primarily a US business, with all operating profit derived from US operations, and intends to align its primary listing with its business strategy [2][4]. - As of June 30, 2025, over 65% of the company's outstanding shares were held by US resident investors, indicating a strong US investor base [3]. - The move to a US primary listing is expected to be formalized through a UK scheme of arrangement, requiring shareholder approval at a general meeting [5]. Group 2: Benefits of the Move - The change is anticipated to increase overall liquidity in the company's shares by accessing deeper US capital markets [7]. - A primary US listing is expected to enhance exposure to US investors and provide access to passive investment pools of capital [7]. - The company aims to optimize its positioning for inclusion in premier US equity indices and Exchange Traded Funds while retaining a secondary listing on the LSE to facilitate trading liquidity for non-US shareholders [7]. Group 3: Operational Context - The executive management team and operational headquarters are based in the US, with all employees and assets located in the US, reinforcing the rationale for the primary listing shift [2][4]. - The company focuses on natural gas and liquids production, marketing, and well retirement, with a strategy centered on acquiring and improving long-life assets [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 Provides Board of Directors Update
GlobeNewswire News Room· 2025-08-13 06:01
Board of Directors Update - Sandra Stash will resign from the Board of Directors effective August 12, 2025, after serving since 2019, leaving in good standing [2][3] - David Turner is expected to replace Ms. Stash as the Senior Independent Director, while Kathryn Klaber will chair the Sustainability Committee, and Martin Thomas will join the Audit & Risk Committee [2][3] Commitment to Board Diversity - The Nomination Committee is dedicated to maintaining a high-quality, diverse board that supports the company's long-term goals [3] - David Johnson, Non-Executive Chairman, expressed gratitude for Ms. Stash's contributions and acknowledged her industry expertise [3] Company Overview - Diversified Energy Company PLC focuses on natural gas and liquids production, transport, marketing, and well retirement [4] - The company employs a differentiated strategy by acquiring long-life assets and investing in them to enhance environmental and operational performance [4] - Recognized for sustainability leadership, the company aims to responsibly produce energy and generate shareholder value [4]
Miscellaneous
Globenewswire· 2025-06-16 06:00
Dividend Announcement - Diversified Energy Company PLC announced a dividend of 29 cents per share for Q4 2024, payable on June 30, 2025, to shareholders registered by May 30, 2025 [2][3] - Shareholders opting for GBP sterling will receive an equivalent of 21.254 pence per share, based on the exchange rate of GBP 0.73288 = US $1.00 as of June 12, 2025 [3] Company Overview - Diversified Energy Company PLC is a publicly traded energy company focused on natural gas and liquids production, transport, marketing, and well retirement [4] - The company employs a differentiated strategy by acquiring long-life assets and investing in them to enhance environmental and operational performance before retiring them safely [4] - Recognized for sustainability leadership, the company aims to responsibly produce energy, deliver reliable free cash flow, and generate shareholder value [4]
Diversified Energy Announces First Quarter Dividend
Globenewswire· 2025-05-12 06:00
Core Points - Diversified Energy Company PLC has declared an interim dividend of 29 cents per share for the first quarter of 2025, covering the period ended March 31, 2025 [1] - Key dates for the dividend include a record date of August 29, 2025, and a payment date of September 30, 2025 [1] - Shareholders have the option to receive the dividend in U.S. dollars or sterling, with a deadline for currency election set for September 5, 2025 [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 [3] - Recognized for sustainability leadership, Diversified aims to responsibly produce energy, deliver reliable free cash flow, and generate shareholder value [3]
Notice of Results
GlobeNewswire News Room· 2025-05-01 06:00
Group 1 - The company plans to publish its Trading Statement for Q1 2025 on May 12, 2025 [2] - A conference call will be held on the same day at 1:00 PM GMT to discuss the Trading Statement [2] - The Trading Statement will be available on the company's website prior to the conference call [3] Group 2 - Diversified Energy Company PLC focuses on natural gas and liquids production, transport, marketing, and well retirement [4] - The company employs a strategy of acquiring long-life assets and investing in them to enhance performance before retiring them safely [4] - Diversified has been recognized for its sustainability leadership and aims to deliver reliable free cash flow and generate shareholder value [4]