Alberto holds a Master's degree in Business Economics. During his academic career he acquired an extensive managerial and economic background, with a solid quantitative basis. He covers all sectors and the different types of stocks. Essentially describes a useful investment strategy that fits the profile of any investor, whether they are dividend investors or interested in a value proposition or growth opportunity.Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the ...

BIRMINGHAM, Ala., March 19, 2025 (GLOBE NEWSWIRE) -- Diversified Energy Company PLC (LSE: DEC) (NYSE: DEC) announced on November 12, 2024 a dividend in respect of the quarter ended September 30, 2024 in the amount of 29 cents per share (the “Q3 2024 Dividend”.) The Company will pay the Q3 2024 Dividend on March 31, 2025 to those shareholders on the register on February 28, 2025.  The Company announces that shareholders who have elected to receive their dividends in GBP sterling will receive an equivalent di ...

Please find attached the Business report FY 2024. Attachment 18-03-25 # Business Report - JCDecaux - FY2024 ...

Financial Data and Key Metrics Changes - Total revenue for the year was approximately $950 million, with adjusted EBITDA of $472 million, representing a 50% adjusted EBITDA margin [24] - Free cash flow for the year was $211 million, and net debt stood at approximately $1.6 billion [24] - Debt principal reduction totaled approximately $205 million in 2024, representing almost 13% of outstanding debt [13][24] Business Line Data and Key Metrics Changes - Average net daily production was approximately 790 million cubic feet equivalent per day, with a December exit rate averaging over 860 million [23] - Over 50% of produced volumes are now generated in the central region [23] - The company executed over $2 billion in acquisitions during the year, including the recently closed Summit and Maverick acquisitions [14][10] Market Data and Key Metrics Changes - The company has diversified its production base since May 2021, positioning itself to participate in both LNG exports and data center energy needs [23] - The acquisition of Maverick adds nearly 1 million acres and expands the company's footprint to five core-operated basins [36] Company Strategy and Development Direction - The company aims to optimize existing long-life and undervalued U.S. energy assets while minimizing traditional exploration and production risks [7] - The focus remains on systematic debt reduction, returning capital to shareholders, and growing through strategic acquisitions [13] - The company is expanding into coal mine methane capture and environmental credits, anticipating over 300% growth in free cash flow from this segment over the next 24 months [30] Management's Comments on Operating Environment and Future Outlook - Management believes the share price is undervalued due to macro headwinds not connected to industry fundamentals [32] - The company expects to see significant synergies from the Maverick acquisition, with guidance for combined free cash flow totaling $420 million in 2025, representing a 200% uplift compared to standalone results [43][48] - Management maintains a disciplined approach to acquisitions and emphasizes the importance of operational efficiency and cost reduction [27][55] Other Important Information - The company has a fixed per-share dividend that is deemed sustainable for a long period, even with the enlarged share capital post-Maverick acquisition [78] - The company has identified significant untapped value in undeveloped acreage, with plans for additional sales throughout 2025 [20] Q&A Session Summary Question: Thoughts on organic growth versus low-cost PDP acquisitions - Management sees continued growth through accretive acquisitions and plans to invest in non-operated working interests from the Maverick transaction [54] Question: Details on cash flows from the data center project JV - Revenue streams will include selling gas and potential coal mine methane, but specific splits have not been developed yet [59] Question: Capacity for share repurchases - Approximately 7% remains under the current authorization for share repurchases, with plans for another 10% authorization at the upcoming AGM [66] Question: Update on dividend sustainability post-Maverick - The fixed dividend is sustainable for a long period, and the company is confident in its ability to cover it with increased free cash flow [78] Question: Assumptions driving free cash flow guidance for 2025 - The company maintains a 10% corporate decline rate and anticipates additional production from the JV, with pricing supported by hedging strategies [85][87] Question: Unit costs for Maverick and environmental credit sales - Specific cost information for Maverick has not been published, but environmental credit sales are booked under other revenue, with approximately $8 million to $10 million recorded in 2024 [96]

Financial Performance - The company reported an operating loss of $43 million for the year ended December 31, 2024, compared to an operating profit of $1,161 million for the year ended December 31, 2023, indicating a significant decline in performance[360]. - The mark-to-market valuation adjustment on derivative financial instruments resulted in a change from a $906 million gain in 2023 to a $189 million loss in 2024, highlighting increased volatility in financial results[360]. - As of December 31, 2024, the company had $284 million outstanding on its Credit Facility, with rising interest rates potentially increasing the cost of servicing this debt and adversely affecting profitability and liquidity[356]. - The company’s cash generation and liquidity remain adequate, allowing it to operate within existing facilities for at least 12 months from the date of the report[423]. - The company’s ability to pay dividends is contingent on performance, financial condition, and market factors, with no guarantee of future payments[406]. Risk Management - The company’s Enterprise Risk Management program emphasizes proactive identification and mitigation of risks to achieve strategic objectives[248]. - The company’s risk management framework includes regular assessments of principal and emerging risks to maintain stability[254]. - The company actively monitors debt levels and liquidity, updating the Board quarterly on financial positions[261]. - The company faces risks related to counterparty defaults in hedging activities, which could materially affect financial results and cash flows[362]. - The company is exposed to risks from climate change, including increased operational costs due to regulations aimed at limiting greenhouse gas emissions[300]. Regulatory and Compliance - The company is subject to significant regulatory oversight and reporting obligations as a newly listed U.S. company, which may strain resources and increase costs[395]. - Regulatory compliance costs are expected to increase due to stringent environmental, health, and safety regulations, potentially impacting financial condition and operational costs[367]. - The maximum civil penalties for pipeline safety violations have increased to $257,664 per day, which could lead to significant financial implications for the company if compliance issues arise[324]. - The company may face litigation risks, including actions by royalty owners and personal injury claims, which could have a material adverse effect on its business[384]. - The company is subject to potential legal liabilities and costs associated with environmental regulations, which could adversely affect financial results and operational capabilities[366]. Strategic Initiatives - The company’s core business strategy aligns with sustainability initiatives, focusing on acquiring reliable, long-life producing wells[258]. - The company has established a climate risk strategy to navigate environmental regulations and climate change concerns[258]. - The company’s strategy includes optimizing or refurbishing producing assets to maximize operational efficiency while avoiding significant expenses associated with new equipment purchases[312]. - Successful integration of acquired businesses, such as Maverick, is critical for realizing anticipated financial benefits[342][344]. - The Group's sustainability goals include GHG emission intensity reduction targets, which are regularly reviewed by the Board[434]. Governance and Board Structure - The Board consists of seven Directors, including the Group's CEO and six Non-Executive Directors, with five deemed independent under the UK Corporate Governance Code[435]. - Female representation on the Board increased from 29% in late 2019 to 43% as of December 31, 2024, with three out of seven Board members being female[438]. - The Audit & Risk and Remuneration Committees are fully independent, ensuring effective oversight of the Group's operations[438]. - The Board holds regularly scheduled meetings each year, with additional meetings as necessary for important matters[441]. - Directors must stand for re-election annually in accordance with the UK Corporate Governance Code[442]. Market and Economic Conditions - Volatility in natural gas, NGLs, and oil prices could materially and adversely affect the company's business and financial condition, with historical high and low Henry Hub natural gas spot prices in 2022 reaching $9.85 and $3.46, respectively, and in 2023 reaching $3.78 and $1.74[274]. - Economic downturns in industries served by the company could reduce demand for natural gas and oil, adversely impacting liquidity and results of operations[299]. - The ongoing geopolitical instability, particularly the conflict between Russia and Ukraine, has led to market disruptions and volatility in commodity prices, which could adversely affect the company’s operations[325]. - Inflationary pressures could increase operating costs and impact profitability, although recent inflation rates have not significantly affected operations[328]. - The company is actively monitoring geopolitical conflicts, including those in Ukraine and Israel, which could have substantial impacts on the global economy and its business[327]. Operational Risks - The company relies on third-party infrastructure for operations, and any failure to access necessary equipment and transportation systems could materially impact business results[273]. - The company may experience delays in production and transportation due to reliance on third-party systems, which could negatively affect financial performance[283]. - Production risks, including premature reservoir decline and geological uncertainties, could adversely affect the company's ability to produce at expected levels[284]. - The availability of pipeline and storage capacity systems is critical for the company’s operations, and disruptions could impact the delivery of natural gas, NGLs, and oil to commercial markets[311]. - The company may face challenges in attracting and retaining skilled personnel due to increasing industry-wide demand, which could hinder business expansion and strategy execution[316]. Financial Obligations and Debt - The company has $284 million outstanding on its Credit Facility as of December 31, 2024[328]. - The borrowing base under the Credit Facility is currently set at $900 million[351]. - Future acquisitions may be limited by existing debt agreements and covenants, potentially hindering growth opportunities[348][349]. - The company may incur additional indebtedness or sell assets to manage financial obligations, which could limit operational flexibility and growth opportunities[358]. - The company may experience significant adjustments to decommissioning cost provisions, which could adversely affect future financial results[296].

DEC: The Only Publicly Traded Champion of the PDP Subsector Energy March 17, 2025 Optimized The information contained in this document (the "Presentation") has been prepared by Diversified Energy Company PLC ("Diversified" or the "Company"). This Presentation is for general information purposes only and does not constitute an invitation or inducement to any person to engage in investment activity. While the information contained herein has been prepared in good faith, neither the Company nor any of its shar ...

Diversified Energy Company PLC (DEC) recently completed its previously announced acquisition of Maverick Natural Resources, marking a significant step in its expansion strategy. This move strengthens the company’s position in natural gas and liquids production while highlighting its commitment to operational growth and sustainability.An Insight Into the Acquisition AgreementOn Jan. 27, 2025, Diversified Energy announced the acquisition of Maverick Natural Resources, a private-equity-owned energy firm, for $ ...

Core Insights - Diversified Energy Company PLC has successfully executed approximately $2 billion in acquisitions, positioning itself as a stronger and larger entity in a favorable pricing environment [1] - The company has maintained consistent operating costs for three consecutive years despite broader industry and inflationary pressures [1] - The integration of Maverick is expected to yield significant financial and operational benefits, enhancing free cash flow generation [1][10] Company Performance - Diversified has completed over $4 billion in acquisitions since its public listing in 2017, focusing on building a large-scale integration and operating company [2] - The company reported an average net daily production of 791 MMcfepd (132 MBoepd) and a year-end reserve of 4.5 Tcfe (747 MMBoe) with a PV10 of $3.3 billion [6] - Total revenue for 2024, inclusive of hedges, was $946 million, with an operating cash flow of $346 million and an adjusted EBITDA of $472 million [6][31] Financial Metrics - The adjusted EBITDA margin for 2024 was 51%, with an adjusted operating cost per unit of $1.70/Mcfe ($10.22/Boe) [6][33] - The company generated $49 million from land sales and coal mine methane revenues, while retiring over $200 million in debt principal [12] - Adjusted free cash flow for 2024 was $211 million, reflecting the company's focus on cash flow generation [12][34] Strategic Outlook - For 2025, Diversified anticipates total production between 1,050 to 1,100 Mmcfe/d, with approximately 25% from liquids and 75% from natural gas [11] - The company expects to achieve over $50 million in annual synergies from the Maverick acquisition by year-end 2025 [12][10] - Diversified is positioned to enhance free cash flow growth in 2025 through strategic natural gas hedges and planned divestitures [12]

Diversified Achieves Strong Final Year-End 2024 Results, Delivers on Capital Allocation Promises, and Introduces 2025 Combined Company Outlook 2024 Achievements Position Diversified on a Meaningful Path Forward as a Stronger and Larger Company Executed Approximately $2 Billion of Acquisitions in an Advantageous Pricing Environment Third year of Consistent Operating Costs Despite Broader Industry and Inflationary Pressures Maverick Integration Anticipated to Provide Meaningful Financial and Operational Bene ...

BIRMINGHAM, Ala., March 14, 2025 (GLOBE NEWSWIRE) -- Further to the announcements on January 27, 2025 and February 20, 2025, Diversified Energy Company PLC (LSE: DEC; NYSE: DEC) (“Diversified” or the “Company”), an independent energy company focused on natural gas and liquids production, transportation, marketing and well retirement, today announces the completion of its previously announced acquisition of Maverick Natural Resources (the “Acquisition”). Issue of shares In connection with the Acquisition and ...