Last checked at 24 Jan 2024 07:00
January 24, 2024
Diversified Energy Company PLC
("Diversified" or the "Company")
Diversified Responds to Share Price Movement
Diversified Energy Company PLC (LSE: DEC; NYSE: DEC) is providing an update regarding the recent movement in the Company's share price. The Company and Board of Directors are aware of the recent opportunistic report published by a short seller which repeats previously stated claims that the Company has already transparently and proactively addressed with investors and other stakeholders. This report contains numerous inaccuracies, ignores specific financial and operational results and sustainability actions, and is designed for the sole purpose of negatively impacting the Company's share price for the short seller's own benefit.
The Company continues to focus on delivering long-term shareholder value, prioritization of outstanding debt reduction, and evaluating strategic growth and accretive value-additive opportunities. As previously announced, the Company plans to provide its year-end trading statement by January 31st.
Diversified is an important part of the solution amid the energy transition to consolidate, and retire existing U.S. energy infrastructure assets, drive economic growth and deliver emission reductions, and remains committed to the responsible ownership and operation of our assets.
For further information, please contact:
Diversified Energy Company PLC | +1 973 856 2757 |
Doug Kris | dkris@dgoc.com |
www.div.energy |
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FTI Consulting
| DEC@fticonsulting.com |
US & UK Financial Public Relations |
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About Diversified Energy Company PLC
Diversified is a leading publicly traded energy company focused on natural gas and liquids production, transport, marketing, and well retirement. Through our differentiated strategy, we acquire existing, long-life assets and invest in them to improve environmental and operational performance until retiring those assets in a safe and environmentally secure manner. Recognized by ratings agencies and organizations for our sustainability leadership, this solutions-oriented, stewardship approach makes Diversified the Right Company at the Right Time to responsibly produce energy, deliver reliable free cash flow, and generate shareholder value.