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Dividends, deficits and debt … DEC results out today
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John Bran
Posted: 13 March 2025 19:00:46(UTC)
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Up 1.7% today in a bear market. Bought some at £9.04
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Phil 2.0 on 14/03/2025(UTC)
Phil 2.0
Posted: 14 March 2025 13:33:04(UTC)
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Completion of Maverick deal just announced ahead of US open.

DEC
DIVERSIFIED ENERGY COMPANY PLC
Diversified Energy Completes Maverick Acquisition
AI Summary
Diversified Energy Company has completed its acquisition of Maverick Natural Resources and issued 21,194,213 new shares as part of the deal. The shares will be listed on the NYSE, with admission expected on March 17, 2025. Rick Gideon, CEO of Maverick, will become COO of Diversified on March 18, 2025. As of March 14, 2025, there are 80,990,155 ordinary shares in issue.
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John Bran on 16/03/2025(UTC)
Phil 2.0
Posted: 17 March 2025 08:54:29(UTC)
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Annual results out today. Market seems OK with them (so far).

https://www.lse.co.uk/rn...024-b6fz75e20w84j4s.html
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Phil 2.0
Posted: 17 March 2025 08:59:18(UTC)
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Snippet of the main financials...

Delivered average net daily production: 791 MMcfepd (132 MBoepd) December exit rate of 864 MMcfepd (144 MBoepd) Year end 2024 reserves of 4.5 Tcfe (747 MMBoe; PV10 of $3.3 billion(b))

Total Revenue, inclusive of hedges of $946 million(e), net of $151 million in commodity cash hedge receipts that supplemented Total Revenue of $795 millionOperating Cash Flow of $346 million; Net loss of $87 million, inclusive of $141 million tax-effected, non-cash unsettled derivative fair value adjustmentsAdjusted EBITDA of $472 million(c); Adjusted Free Cash Flow of $211 million(d) 2024 Adjusted EBITDA Margin of 51%(c)2024 Adjusted Operating Cost per unit of $1.70/Mcfe ($10.22/Boe)
Achieving Expectations

Recommend a final quarterly dividend of $0.29 per shareGenerated $49 million of cash proceeds through land sales and Coal Mine Methane RevenuesRetired over $200 million in debt principal through amortizing debt paymentsReturned $105 million to shareholders, including $21 million in share buybacks(h)Completed $585 million (gross) in strategic and bolt-on acquisitions during 2024Retired 202 Diversified wells in Appalachia, marking third consecutive year to exceed 200 wellsOGMP Gold Standard and MSCI AA Rating for third and second consecutive year, respectivelyDecreased Scope 1 methane intensity to 0.7 MT CO2e per MMcfe, a 13% reduction from 2023
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John Bran on 17/03/2025(UTC)
Phil 2.0
Posted: 17 March 2025 10:10:19(UTC)
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Very readable summary plus Rusty's usual optimism.

https://www.proactiveinv...of-strength-1067989.html
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Sheerman on 17/03/2025(UTC), John Bran on 18/03/2025(UTC)
John Bran
Posted: 17 March 2025 17:01:57(UTC)
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Looks like the rebound has begun. Up 8% so far.
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Phil 2.0 on 17/03/2025(UTC)
John Bran
Posted: 20 March 2025 10:03:33(UTC)
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DEC undervalued Stifel valuing at 2027p


https://www.proactiveinv...ty-analysts-1068170.html
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MarkSp
Posted: 20 March 2025 10:36:46(UTC)
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John Bran;338155 wrote:
DEC undervalued Stifel valuing at 2027p


https://www.proactiveinv...ty-analysts-1068170.html



I have a recollection that Steifel had this at £33 before....something mad.

i note that the placing was on US exchange and the buy back is on London shares. I am seeing a pattern here :)
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Phil 2.0 on 20/03/2025(UTC), Coste on 20/03/2025(UTC)
Coste
Posted: 20 March 2025 17:41:23(UTC)
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Joined: 12/05/2018(UTC)
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Mark, I'm not sure I fully understand.

Is the listing in America because they are not so hung up on fossil fuels
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