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Pin to quick picksDiversified Energy Share News (DEC)

Share Price Information for Diversified Energy (DEC)

London Stock Exchange
Share Price is delayed by 15 minutes
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Share Price: 1,339.00
Bid: 1,339.00
Ask: 1,350.00
Change: 9.00 (0.68%)
Spread: 11.00 (0.822%)
Open: 1,339.00
High: 1,345.00
Low: 1,324.00
Prev. Close: 1,330.00
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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26 Sep 2023 10:15

IN BRIEF: Diversified Energy credit line increased to USD425 million

Diversified Energy Co PLC - natural gas producer onshore US - Borrowing base under revolving credit facility is increased to USD425 million from USD375 million. The bigger credit line is agreed by Diversified's 14-bank lending syndicate in the RCF's semi-annual redetermination. Diversified has USD120 million in current liquidity as a result. The RCF is structured as a sustainability-linked loan.

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22 Sep 2023 16:09

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18 Sep 2023 16:58

LONDON MARKET CLOSE: Stocks down ahead of interest rate decisions

(Alliance News) - Stock prices in London closed lower on Monday, as investors nervously look ahead to a trio of interest rate decisions.

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18 Sep 2023 10:24

Diversified Energy makes COO finance chief as Williams steps down

(Alliance News) - Diversified Energy Co PLC on Monday said Chief Financial Officer Eric Williams has resigned from the company to "pursue other professional opportunities," after six years in the role.

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18 Sep 2023 07:50

Diversified Energy shuffles executives as finance chief steps down

(Sharecast News) - Diversified Energy announced a number of changes to its executive leadership structure on Monday, as its executive vice-president and chief financial officer Eric Williams stepped down with immediate effect to explore new professional avenues.

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5 Sep 2023 15:22

London close: Stocks fall on back of weak services data

(Sharecast News) - London's stock markets ended the trading day in negative territory on Tuesday, pressured by a decline in sterling against the dollar on the back of disappointing services sector data.

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1 Sep 2023 10:12

Diversified Energy swings to profit but revenue drops

(Alliance News) - Diversified Energy Co PLC on Friday said it swung to a profit in the first half of the year and upped its production, though revenue dropped by almost a half.

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1 Sep 2023 09:08

LONDON MARKET OPEN: FTSE 100 up on hopes of peak for US interest rates

(Alliance News) - The FTSE 100 opened higher on Friday as investors hoped that US jobs data later in the day would seal the deal on the Federal Reserve holding interest rates steady at its next meeting.

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1 Sep 2023 07:49

LONDON BRIEFING: Stocks seen higher; UK house prices continue to fall

(Alliance News) - Stocks in London are set to open higher on Friday as markets looked ahead to a data-heavy day.

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24 Aug 2023 15:48

UK dividends calendar - next 7 days

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17 Jul 2023 08:21

Diversified Energy sells "undeveloped" assets for USD16 million

(Alliance News) - Diversified Energy Co PLC on Monday reported that it had sold assets in Oklahoma for a net USD16 million to an undisclosed buyer.

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17 Jul 2023 07:43

LONDON BRIEFING: Entain buys Angstrom Sports; offer for Gresham House

(Alliance News) - Stocks in London are called lower on Monday, after the latest data from China pointed to a slowing economic recovery.

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10 Jul 2023 09:27

LONDON BROKER RATINGS: HSBC downgrades commercial property stocks

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

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28 Jun 2023 11:57

LONDON MARKET MIDDAY: Stocks upbeat ahead of central banking panel

(Alliance News) - Stock prices in London were higher at midday on Wednesday, as investors eagerly awaited a panel featuring the chiefs of the four largest central banks, hoping for hints on the future direction of monetary policy.

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28 Jun 2023 08:55

Diversified Energy sells off USD40 million of non-core assets

(Alliance News) - Diversified Energy Co PLC on Wednesday said it boosted its liquidity with the divestiture of around USD40 million worth of non-operated assets.

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