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Pin to quick picksDiversified Energy Share News (DEC)

Share Price Information for Diversified Energy (DEC)

London Stock Exchange
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Share Price: 1,353.00
Bid: 1,349.00
Ask: 1,352.00
Change: -13.00 (-0.95%)
Spread: 3.00 (0.222%)
Open: 1,370.00
High: 1,400.00
Low: 1,347.00
Prev. Close: 1,366.00
DEC Live PriceLast checked at -

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IN BRIEF: Diversified Energy completes purchase of Texas gas assets

Wed, 30th Oct 2024 14:10

Diversified Energy Co PLC - Alabama-based, US-focused natural gas producer - Completes USD69 million acquisition of a package of gas-producing wells in eastern Texas that was first announced back in August. Diversified will pay the seller, a regional US operator, USD22 million in cash, plus 2.2 million new Diversified shares, representing about 4.6% of its existing total. The assets, which are producing at a pace of 4,000 barrels of oil equivalent per day, are expected to contribute USD19 million in adjusted earnings in the coming 12 months. "We are excited to announce the completion of another acquisition of high-quality, bolt-on assets within our central region, which are immediately accretive to operations, further increase operating scale and provide the opportunity for cost synergies," comments Chief Executive Officer Rusty Hutson.

Current stock price: 930.00 pence, up 3.6% in London on Wednesday

12-month change: down 31%

By Tom Waite, Alliance News editor

Comments and questions to newsroom@alliancenews.com

Copyright 2024 Alliance News Ltd. All Rights Reserved.

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7 Nov 2022 15:54

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1 Nov 2022 11:14

IN BRIEF: Diversified achieves Gold Standard Pathway in UN partnership

Diversified Energy Co PLC - Alabama, US-based gas and oil production company - Achieves Gold Standard Pathway, the highest recognition available from the United Nation's Oil & Gas Methane Partnership 2.0, for its commitment to reduce methane emissions and provide measurement-based transparent reporting.

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31 Oct 2022 12:23

Diversified Energy closes securitised financing of Oklahoma assets

(Alliance News) - Diversified Energy Co PLC on Monday said it has completed a fourth ESG-aligned asset-backed securitisation of its co-owned assets in Oklahoma, alongside Oaktree Capital Management Ltd.

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31 Oct 2022 08:05

Diversified Energy closes ESG-aligned asset-backed securitisation of Oklahoma assets

(Sharecast News) - Independent energy company Diversified Energy said on Monday that both it and Oaktree Capital Management had jointly closed an ESG-aligned asset-backed securitisation of certain co-owned producing natural gas and oil assets located in Oklahoma.

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12 Oct 2022 09:52

LONDON BROKER RATINGS: Redburn likes Flutter; RBC cuts Smiths

(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning and Tuesday:

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28 Sep 2022 09:11

Diversified Energy closes acquisition of Central Region assets

(Alliance News) - Diversified Energy Co PLC on Wednesday said it has completed the acquisition of assets in Oklahoma and Texas.

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19 Sep 2022 13:57

UK dividends calendar - next 7 days

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25 Aug 2022 15:54

UK dividends calendar - next 7 days

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11 Aug 2022 10:11

IN BRIEF: Diversified Energy agrees sustainability-linked loan

Diversified Energy Co PLC - Alabama, US-based energy producer and distributor - Converts revolving credit facility into sustainability-linked loan. The amendment extends the loan to August 2026 and reaffirms the borrowing base of EUR300 million. Says that the SLL emphasises the company's commitment to environmental, social and governance improvement, by incorporating targets on greenhouse gas emissions, asset retirement and safety-related performance.

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8 Aug 2022 08:46

Diversified Energy loss widens but revenue jumps on higher oil prices

(Alliance News) - Diversified Energy Co PLC on Monday reported a steep loss in the first half, thanks to runaway commodity derivative losses, but saw production and revenue improve.

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8 Aug 2022 08:04

Diversified Energy boosts dividend after record average production

(Sharecast News) - Diversified Energy declared a second quarter interim dividend of 4.25 US cents per share on Monday, up 6% year-on-year, after reaching a record average net daily production in the period.

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1 Aug 2022 16:04

UK earnings, trading statements calendar - next 7 days

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28 Jul 2022 20:08

TRADING UPDATES: Scottish American outperforms; Amte picks Dundee

(Alliance News) - The following is a round-up of earnings by London-listed companies, issued on Thursday and not separately reported by Alliance News:

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27 Jul 2022 09:41

Diversified Energy buys Appalachian well services and plugging assets

(Alliance News) - Diversified Energy Co PLC on Wednesday said it has bought the well services and plugging assets and operations of Contractor Services Inc for an undisclosed amount.

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23 Jun 2022 16:04

UK dividends calendar - next 7 days

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