Core Insights - Amar Family Office and JCDecaux SE announced the purchase of 1.7 million shares of JCDecaux SE at €14.75 per share, reflecting a 0.6% discount from the previous closing price and representing 0.8% of the company's capital [1][2] Company Actions - The share buyback is part of a plan authorized by the Annual General Meeting on May 14, 2025, allowing JCDecaux SE to repurchase up to 10% of its capital, with the acquired shares intended for performance share distribution and potential future M&A financing [2][6] Management Statements - David Amar, Managing Director of Holgespar Luxembourg, expressed confidence in JCDecaux SE's business model and growth strategy, indicating a long-term commitment to increasing their stake [3] - Jean-François Decaux, Chairman and Co-CEO of JCDecaux, welcomed the Amar family as a long-term shareholder, highlighting confidence in the company's growth potential and value creation [3] Key Financial Figures - JCDecaux reported 2024 revenue of €3,935.3 million and H1 2025 revenue of €1,868.3 million [7] - The company operates 1,091,811 advertising panels globally and reaches a daily audience of 850 million people across more than 80 countries [7] - JCDecaux is recognized as the number one outdoor advertising company worldwide, with significant presence in various regions including Europe, Asia-Pacific, Latin America, and Africa [7]

Core Viewpoint - The article discusses the reliability of brokerage recommendations, particularly focusing on Diversified Energy Company PLC (DEC), and highlights the potential misalignment of interests between brokerage analysts and retail investors [1][5][10]. Group 1: Brokerage Recommendations - Diversified Energy Company PLC has an average brokerage recommendation (ABR) of 1.40, indicating a consensus between Strong Buy and Buy, with 80% of the recommendations being Strong Buy from five brokerage firms [2][5]. - Despite the positive ABR, the article cautions against making investment decisions solely based on this metric, as studies show limited success of brokerage recommendations in predicting stock price increases [5][10]. - Brokerage analysts tend to exhibit a strong positive bias in their ratings, with five "Strong Buy" recommendations for every "Strong Sell" recommendation, which may mislead investors [6][10]. Group 2: Zacks Rank Comparison - The Zacks Rank, a proprietary stock rating tool, categorizes stocks from Strong Buy to Strong Sell and is based on earnings estimate revisions, which have shown a strong correlation with near-term stock price movements [8][11]. - The Zacks Rank is distinct from the ABR, as it is a quantitative model that reflects timely earnings estimate revisions, while the ABR may not be up-to-date [9][13]. - For Diversified Energy Company PLC, the Zacks Consensus Estimate for the current year remains unchanged at $2.3, leading to a Zacks Rank of 3 (Hold), suggesting caution despite the favorable ABR [14][15].

Board of Directors Update - Sandra Stash will resign from the Board of Directors effective August 12, 2025, after serving since 2019, leaving in good standing [2][3] - David Turner is expected to replace Ms. Stash as the Senior Independent Director, while Kathryn Klaber will chair the Sustainability Committee, and Martin Thomas will join the Audit & Risk Committee [2][3] Commitment to Board Diversity - The Nomination Committee is dedicated to maintaining a high-quality, diverse board that supports the company's long-term goals [3] - David Johnson, Non-Executive Chairman, expressed gratitude for Ms. Stash's contributions and acknowledged her industry expertise [3] Company Overview - Diversified Energy Company PLC focuses on natural gas and liquids production, transport, marketing, and well retirement [4] - The company employs a differentiated strategy by acquiring long-life assets and investing in them to enhance environmental and operational performance [4] - Recognized for sustainability leadership, the company aims to responsibly produce energy and generate shareholder value [4]

Core Points - Decade Resources Ltd. has successfully closed a flow-through private placement, raising a total of $120,000 [1][2] - The private placement involved the issuance of 4,000,000 flow-through units at a price of 3 cents per unit, each unit consisting of one flow-through common share and one transferable non-flow-through common share purchase warrant [2] - The proceeds from this placement will be allocated to Canadian exploration expenses and critical mineral mining expenditures on the Company's properties in British Columbia [3] Financial Details - The total gross proceeds from the private placement amount to $120,000 [2] - Each warrant issued is exercisable for the purchase of one additional common share at a price of $0.05 per share for a period of 36 months [2] - All securities issued are subject to a statutory hold period of four months, expiring on December 13, 2025 [3]

Diversified Energy Company PLC 2025 Interim Report For the Six Months Ended June 30, 2025 Table of Contents | | Page | | --- | --- | | Strategic Review | 2 | | Financial & Operating Results | 2 | | Key Performance Indicators | 2 | | Principal Risks & Uncertainties | 12 | | Results of Operations | 3 | | Interim Condensed Consolidated Financial Statements | 14 | | Condensed Consolidated Statement of Comprehensive Income | 14 | | Condensed Consolidated Statement of Financial Position | 15 | | Condensed Consoli ...

Financial Data and Key Metrics Changes - The company reported total revenue of approximately $510 million for the quarter, with adjusted EBITDA of $280 million, reflecting a significant year-over-year increase in EBITDA and cash flow, nearly doubling from the previous year [5][19] - Adjusted EBITDA for 2025 reached $418 million, with a second-quarter adjusted EBITDA margin of 63% [19] - Free cash flow for the quarter was $88 million, impacted by approximately $25 million in non-recurring transaction-related costs, while net debt stood at approximately $2.6 billion, showing a 10% improvement in overall leverage [20][21] Business Line Data and Key Metrics Changes - Daily production exit rate for June was approximately 1.14 Bcf per day, with quarterly production averaging over 1.15 Bcf per day, with 65% of produced volumes generated in the expanded Central region [19] - The company has increased its total proved reserves by 65% since year-end 2024, indicating strong asset base resilience [10] Market Data and Key Metrics Changes - The company noted improvements in in-basin natural gas differentials, which are expected to benefit from rising natural gas demand driven by data center developments in the Appalachian region [15][16] - The company is positioned to benefit from the growing demand for natural gas, particularly for power generation and off-grid sources, as indicated by significant investments in the region [61][62] Company Strategy and Development Direction - The company focuses on a disciplined capital allocation strategy centered around debt reduction, returning capital to shareholders, and growing its portfolio through strategic acquisitions [8][10] - The partnership with Carlyle is aimed at supporting accretive acquisitions, with a potential to fund up to $2 billion worth of acquisitions without raising new equity capital [12][13] - The company aims to optimize cash flow from low decline energy assets while enhancing growth through strategic acquisitions [5][11] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in delivering strong operational and financial results despite increased market volatility due to external factors [7] - The company anticipates continued growth opportunities in the coming years, particularly in the context of maturing assets and M&A activity [12][13] - Management highlighted the undervaluation of shares and the potential for a re-rate based on strong fundamentals and consistent performance [31][32] Other Important Information - The company has returned approximately $2 billion in shareholder returns and debt repayments since its IPO in 2017, demonstrating a strong commitment to creating shareholder value [10][30] - The company has a healthy liquidity position of approximately $420 million, providing flexibility to navigate volatile markets [21] Q&A Session Summary Question: How does the Oklahoma JV fit into the core portfolio? - Management indicated that the Oklahoma JV is a steady program with potential for expansion into other basins, emphasizing the strong returns and ongoing development opportunities [40][42] Question: How are discussions going with Carlyle regarding dual procurement? - Management confirmed ongoing evaluations of opportunities with Carlyle, emphasizing the importance of disciplined acquisition strategies and the favorable environment for acquisitions due to lower commodity prices [44][45] Question: Can you provide information on land sales expectations? - Management noted higher realizations on undeveloped acreage sales and expressed confidence in additional sales opportunities, particularly in the Permian region [50][54] Question: What is the status of well retirements and third-party business? - Management reported a consistent pace of well plugging activities, with approximately 400 wells expected to be plugged this year, while third-party revenue remains steady [55][57] Question: How does the company view the AI data center opportunity? - Management expressed enthusiasm about the growing demand for natural gas driven by data center developments, highlighting potential pricing benefits and smaller-scale power generation opportunities [61][62] Question: What is the updated synergy capture expectation? - Management raised the synergy capture expectation to approximately $60 million, up from initial estimates of $50 million, citing successful integration efforts and operational efficiencies [64][66] Question: What are the footprint expansion opportunities post-Maverick acquisition? - Management highlighted ongoing portfolio optimization efforts across multiple basins, with confidence in identifying further opportunities for cost synergies and production enhancements [71][75]

Financial Performance & Strategy - Diversified Energy's total stakeholder returns since its 2017 IPO include approximately $2 billion in shareholder returns and debt principal payments[9] - The company completed approximately $2 billion in acquisitions recently[10] - The company made debt principal payments of $130 million[10] - The company's share repurchases are valued at approximately $43 million[10] - Dividend distributions are approximately $62 million[10] - The company's second quarter 2025 adjusted EBITDA was a record $280 million[23] - The company generated $88 million of adjusted free cash flow in the second quarter of 2025[23] Operational Highlights & Future Outlook - Total proved reserves as of July 1, 2025, were 5.98 Bcfe, a 65% increase compared to year-end 2024[11] - The company's second quarter 2025 average production was 1,149 MMcfe/d[24] - The company anticipates approximately $60 million in annualized synergies[61] - The company's 2025 guidance for adjusted EBITDA is between $825 million and $875 million[61]

Core Insights - Diversified Energy Company PLC reported strong interim results for the first half of 2025, achieving performance in line with expectations and highlighting strategic and financial achievements [2][9]. Financial Performance - The company generated total revenue of $804 million for the first half of 2025, reflecting a 79% year-over-year increase from $449 million in the first half of 2024 [5]. - Adjusted EBITDA for the first half of 2025 was $418 million, a 92% increase compared to $218 million in the same period last year [6]. - Free Cash Flow (Adjusted Free Cash Flow) reached $152 million for the first half of 2025, up 49% from $102 million in the first half of 2024 [6]. Production Metrics - Average production for the second quarter of 2025 was 1,149 MMcfepd (192 Mboepd), a 33% increase from 864 MMcfepd in the first quarter of 2025 [5]. - The production volume mix for the second quarter was approximately 73% natural gas, 13% natural gas liquids, and 14% oil [15]. Shareholder Returns - The company returned over $105 million to shareholders year-to-date through dividends and share repurchases [10]. - A dividend of $0.29 per share was declared for the second quarter of 2025 [10]. Strategic Initiatives - The company is on track to achieve its full-year 2025 guidance, with total production expected to be between 1,050 to 1,100 MMcfepd [22]. - A strategic partnership with The Carlyle Group aims to invest up to $2 billion in existing U.S. proved developed producing oil and gas assets, enhancing capital flexibility and supporting long-term growth [11][12]. Operational Efficiency - The integration of Maverick Natural Resources is progressing well, with an increased annualized synergy target of $60 million, up from the previous target of $50 million [10]. - The portfolio optimization program has realized approximately $70 million in cash flow from non-core asset and leasehold divestitures [12]. Market Outlook - The company remains focused on unlocking value through asset optimization and is well-positioned to benefit from trends such as electrification, AI power demand, and U.S. LNG export growth [13][14].

This announcement contains inside information for the purposes of Article 7 of the UK version of Regulation (EU) No. 596/2014 on Market Abuse ("UK MAR"), as it forms part of the UK domestic law by virtue of the European Union (Withdrawal) Act 2018. For further information, please contact: Diversified Energy Company PLC (LSE: DEC, NYSE:DEC) ("Diversified" or "the Company") is pleased to announce that the Board has declared an interim dividend of 29 cents per share in respect of 2Q25 for the three month perio ...

Core Insights - The document contains the amended version of the Half-Year Financial Report for 2025, indicating updates or corrections to previously reported financial data [1][2] Financial Performance - The Half-Year Financial Report for 2025 provides detailed financial metrics, including revenue, profit margins, and other key performance indicators [2] Company Overview - The report likely includes insights into the company's operational performance, market position, and strategic initiatives undertaken during the first half of 2025 [2]