https://theoakbloke.subs...er-40bcf-of-central-gas

Suitably chipper Oak Bloke take on the contract news. Not reflected in the SP … as ever.

"DEC could re-enter the 250 index.
Currently DEC are placed in position 242 of the FTSE250.
Would shorters want to take the risk of trackers buying back in and also paying the dividend?
From a poster on
https://www.lse.co.uk/Sh...hare=Diversified-Energy

Also from the same site supposedly there has been a reduction in short positions.

Short Positions but supposedly not upto date

https://www.lse.co.uk/Sh...share=Diversified-Energy

https://www.lse.co.uk/rn...nt-kgrr8vnss9pqnvh.html

Q3 results. The hedging has clearly paid off handsomely in the period, given the low NG prices and 29c dividend maintained (separate RNS about that) which is crucial for sentiment here. Will wait for better qualified folk to digest everything else … and the headline writers to fail to understand the hedging as they normally do.

Expect any SP reaction today to be “relief” rather than “horror” or “ecstasy”. But I’ve been wrong before!

Yes I pop on there and ADVFN very occasionally. Too partisan for my tastes, but I’ve seen worse.

Here’s Proactive’s take - seems a reasonable summary. Probably because they focus on Rusty’s comments and don’t autobot to the small “technical” loss.

Diversified Energy Company underlines strength of cash flows in third quarter
Published: 08:09 12 Nov 2024 GMT
Written by: Jamie Ashcroft

Diversified Energy Company underlines strength of cash flows in third quarter
Diversified Energy Company PLC (LSE:DEC, NYSE:DEC) chief executive Rusty Hutson highlighted the strength of the business in delivering consistent cash flow and shareholder returns.

“Year-to-date, we have announced $85 million in dividend payments, retired $154 million in outstanding debt principal, and executed over $20 million in share repurchases,” Hutson said in today’s results statement for its third quarter.

For the three months ended 30 September, DEC reported average production of 829 MMcfepd during the quarter, with a September exit rate of 851 MMcfepd.

Operating cash flow for the quarter amounted to $102 million, whilst earnings (adjusted EBITDA) totalled $115 million.

Non-cash impairments saw the company report a net loss of $1 million.

Growth strategy
Acquisitive DEC is presently working to integrate the assets from three deals sealed earlier this year.

“[We] believe we have put in place an operational infrastructure platform that has the ability to significantly expand our business within our core operating areas without any meaningful increase in corporate G&A expense,” Hutson said.

“This scalable and capable platform is a valuable advantage for our growth strategy.”

He added: “Strong financial and operational performance during the third quarter, supported by our strategic hedging program positions which provided hedge protection of $53 million in the quarter and $130 million, year-to-date, and acquisition-related synergies, provide momentum heading into the remainder of the year.

“Looking ahead, we expect continued strong performance across our operations and we are well positioned for additional opportunities to add to the diversity of revenue generation streams, including robust undeveloped land sales, additional LNG agreements, and our expansion into adjacent markets of non-traditional operations, notably, Coal Mine Methane capture and sale of environmental credits.”

Debt repayment and well retirement
As of the quarter's end, Diversified had repaid $154 million in debt year-to-date and repurchased approximately 1.4 million shares, valued at $20 million.

Additionally, the company maintained a credit facility borrowing base of $385 million, with $102 million remaining undrawn.

Diversified Energy also reported progress on its well retirement goals. The company has retired 165 wells as of September 2024, on track to meet its goal of 200 well retirements in its Appalachian footprint by year-end.