Diversified Energy Company Plc - DEC - Share chat

Stock Discussions
674

Up 1.7% today. Added some. Sold 10% at £13.39. This is definitely a share for taking profits!! More than 10%

675

Very good I’m glad someone’s made money out of this share :).

2 Likes
676

Yep looks like the start of a rebound. Up 8% at the moment.

677

Summary of Final Results for 2024, strong report imo:

  • Strong Year-End Results: Diversified Energy Company PLC reported solid financial performance for the year ended December 31, 2024, which positions it as a stronger and larger entity moving forward.
  • Acquisitions: The company executed approximately $2 billion in acquisitions, part of over $4 billion since its public listing in 2017, capitalizing on advantageous pricing conditions.
  • Operational Efficiency: For the third consecutive year, Diversified maintained consistent operating costs despite industry inflationary pressures, with adjusted operating costs at $1.70/Mcfe.
  • Production Metrics: Average net daily production reached 791 MMcfepd, with year-end reserves totaling 4.5 Tcfe (approximately 747 MMBoe).
  • Financial Highlights:
    • Total revenue of $946 million, aided by $151 million from commodity cash hedge receipts.
    • Operating cash flow amounting to $346 million; however, the company recorded a net loss of $87 million, largely due to non-cash adjustments.
    • Adjusted EBITDA was reported at $472 million, translating into an EBITDA margin of 51%.
  • Capital Allocation and Shareholder Returns: Diversified returned $105 million to shareholders and recommended a quarterly dividend of $0.29 per share. The company also retired over $200 million in debt principal.
  • 2025 Outlook: Following the acquisition of Maverick Natural Resources, the company anticipates significant operational synergies and an adjustment in production guidance, projecting 1,050 to 1,100 Mmcfe/d in total production. Adjusted EBITDA for 2025 is estimated between $825 million to $875 million.
  • Strategic Focus: Diversified continues to leverage its operational scale and technology to enhance profitability, reinforcing its commitment to long-term value creation.

Try another summary with FinDL

2 Likes