Diversified Energy Share News (DEC)

IN BRIEF: Diversified Energy completes purchase of Texas gas assets

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.

Diversified completes $69m acquisition of Texas gas assets

(Sharecast News) - Diversified Energy announced on Wednesday that it has completed the acquisition of operated natural gas assets in eastern Texas for a gross purchase price of $69m.

Diversified Energy to supply natural gas to Gulf Coast facility

(Alliance News) - Diversified Energy Co PLC on Wednesday said it has signed a supply contract with a major liquefied natural gas export facility in the Gulf Coast.

Diversified Energy inks Gulf Coast natural gas supply contract

(Sharecast News) - Diversified Energy Company announced a new natural gas supply contract with a major Gulf Coast liquefied natural gas (LNG) facility on Wednesday.

DIRECTOR DEALINGS: Judges Scientific CEO and AB Dynamics founder sell

(Alliance News) - The following is a round-up of share dealings by London-listed company directors and managers announced in the past week and not separately reported by Alliance News:

UK dividends calendar - next 7 days

TOP NEWS: Burberry demoted from FTSE 100 with Hiscox on the way in

(Alliance News) - Burberry Group PLC has been relegated from the FTSE 100 in the latest quarterly reshuffle, reflecting challenging conditions in the luxury goods market.

London close: Stocks mixed as investors look to Jackson Hole

(Sharecast News) - London's stock markets closed on a mixed note Thursday, as traders remained cautious ahead of a speech from Federal Reserve chair Jerome Powell.

UK dividends calendar - next 7 days

Diversified Energy expands east Texas portfolio in USD69 million deal

(Alliance News) - Diversified Energy Co PLC on Tuesday announced a joint acquisition to purchase a package of US natural gas assets.

Diversified Energy acquires $69m package of East Texas gas assets

(Sharecast News) - Diversified Energy announced a conditional agreement to acquire a package of natural gas assets in eastern Texas on Tuesday, for $69m.

UPDATE: Diversified Energy net profit dives; completes acquisition

(Alliance News) - Diversified Energy Co PLC reported a year-on-year decline in production, amid a sharp fall in profit due to fair value adjustments, and announced the completion of a US acquisition.

LONDON MARKET OPEN: Stocks slip despite UK retail sale boost in July

(Alliance News) - Stock prices in London opened lower on Friday, slipping a little in a quieter end to the week despite positive retail data for July.

CORRECT: Diversified Energy net profit dives, slashes dividend 67%

(Clarifies the dividend has been cut when taking into account Diversified Energy's share consolidation in 2023.)

Diversified Energy net profit dives on loss on fair value adjustments

(Alliance News) - Diversified Energy Co PLC on Thursday reported a decline in production amid a sharp fall in profit due to fair value adjustments.