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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: 1,339.00
Bid: 1,338.00
Ask: 1,339.00
Change: -11.00 (-0.81%)
Spread: 1.00 (0.075%)
Open: 1,355.00
High: 1,366.00
Low: 1,338.00
Prev. Close: 1,350.00
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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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2 Mar 2023 11:15

Diversified Energy acquires USD244 million assets, extends loan by 50%

(Alliance News) - Diversified Energy Co PLC on Thursday said it closed the acquisition of some assets from Tanos Energy Holdings II LLC for USD244 million after customary purchase price adjustments.

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23 Feb 2023 15:55

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20 Feb 2023 15:49

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17 Feb 2023 18:09

IN BRIEF: Diversified Energy raises USD163.0 million for acquisition

Diversified Energy Co PLC - Alabama, US-based gas and oil production company - Raises total gross proceeds of USD163.0 million in a placing of 128.4 million shares at an issue price of 105 pence per share. Notes that the issue price represents a 5.2% discount from the closing mid-market price on February 8. Plans to use the proceeds to partially fund the USD250 million consideration for the acquisition of upstream assets and related infrastructure from Tanos Energy Holdings II LLC. Issues 128.4 million new shares in total, representing 15% of its ordinary share capital. Expects the admission of these shares to take place at GBP0800 on February 28.

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9 Feb 2023 10:03

Diversified Energy raises USD163 million to fund Tanos acquisition

(Alliance News) - Diversified Energy Co PLC on Thursday said it has raised USD163.0 million in gross proceeds via a share placing.

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8 Feb 2023 19:26

TRADING UPDATES: Diversified plans fundraise; Highcroft ends sale

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

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31 Jan 2023 10:20

IN BRIEF: Diversified Energy reports double-digit rise in 2022 output

Diversified Energy Co PLC - Alabama, US-based gas and oil production company - Says average production for 2022 amounts to 135,000 barrels of oil equivalent per day, up 14% from 119,000 a year ago. Maintains a cash margin of 50%, reflecting its "investment in Central Region assets," Diversified says. Total cash expenses amount to USD10.41 per barrel of oil equivalent, up 31% from USD7.95 per boe.

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4 Jan 2023 09:38

LONDON BROKER RATINGS: Bernstein cuts Aveva to 'market-perform'

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

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21 Dec 2022 15:48

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17 Nov 2022 15:48

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14 Nov 2022 11:25

Diversified Energy ups quarterly dividend as eyes US dual-listing

(Alliance News) - Diversified Energy Co PLC on Monday said it traded in line with expectations during the third quarter, as it declared an increased quarterly dividend.

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14 Nov 2022 07:54

LONDON BRIEFING: Informa upgrades full-year outlook on revenue growth

(Alliance News) - Stocks in London are called higher on Monday after Democrats in the US managed to keep control of the Senate, and the UK government promised crack down on an "outrageous" waste of public money.

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7 Nov 2022 15:54

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