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Diversified Energy (DEC) Share News

IN BRIEF: Diversified Energy receives 100% approval for borrowing base

18th May 2023 10:59

Diversified Energy Co PLC - Alabama, US-based gas and oil production company - Says it has completed its spring 2023 semi-annual borrowing base redetermination. Adds that it received 100% approval from its 14-bank lending syndicate of the facility's USD375 million borrowing base. Notes that its borrowing base is structured as a sustainability-linked loan, and is aligned with its commitment to ESG improvement. Read More

Diversified Energy achieves targets and ups dividend in first quarter

9th May 2023 09:46

(Alliance News) - Diversified Energy Co PLC on Tuesday said it was trading in line with expectations, adding it delivered "record production" as it declared an increased interim dividend. Read More

LONDON BRIEFING: Stocks called higher; UK house prices slip in April

9th May 2023 08:00

(Alliance News) - Stocks in London are expected to open higher on Tuesday, as financial markets reopen after the long weekend and after a mixed day of trading over in Asia. Read More

CORRECT (Mar 21): Diversified Energy loss widens but revenue up

23rd Mar 2023 14:31

(Correcting income statement figures) Read More

IN BRIEF: Diversified Energy non-exec director buys 100,000 shares

23rd Mar 2023 14:19

Diversified Energy Co PLC - gas and oil production company based in US state of Alabama - Independent Non-Executive Director David Turner buys 160,000 shares at average 94.69 pence, worth GBP151,504, on Tuesday. Now has 538,475 shares, a 0.1% stake. Read More

UK dividends calendar - next 7 days

21st Mar 2023 15:46

Diversified Energy loss widens but revenue up as financial loss widens

21st Mar 2023 09:22

(Alliance News) - Diversified Energy Co PLC on Tuesday said annual loss widened despite revenue significantly improving, as loss on derivative financial instruments eroded the benefit of increased revenue, alongside climbing costs. Read More

LONDON BRIEFING: Kingfisher's profit falls amid increased discounting

21st Mar 2023 07:57

(Alliance News) - Stocks were set to open higher on Tuesday after the buyout of Credit Suisse by UBS at the weekend helped soothe worries of a full-blown banking crisis. Read More

UK earnings, trading statements calendar - next 7 days

14th Mar 2023 15:49

Diversified Energy acquires USD244 million assets, extends loan by 50%

2nd Mar 2023 11:15

(Alliance News) - Diversified Energy Co PLC on Thursday said it closed the acquisition of some assets from Tanos Energy Holdings II LLC for USD244 million after customary purchase price adjustments. Read More

UK dividends calendar - next 7 days

23rd Feb 2023 15:55

UK shareholder meetings calendar - next 7 days

20th Feb 2023 15:49

IN BRIEF: Diversified Energy raises USD163.0 million for acquisition

17th Feb 2023 18:09

Diversified Energy Co PLC - Alabama, US-based gas and oil production company - Raises total gross proceeds of USD163.0 million in a placing of 128.4 million shares at an issue price of 105 pence per share. Notes that the issue price represents a 5.2% discount from the closing mid-market price on February 8. Plans to use the proceeds to partially fund the USD250 million consideration for the acquisition of upstream assets and related infrastructure from Tanos Energy Holdings II LLC. Issues 128.4 million new shares in total, representing 15% of its ordinary share capital. Expects the admission of these shares to take place at GBP0800 on February 28. Read More

Diversified Energy raises USD163 million to fund Tanos acquisition

9th Feb 2023 10:03

(Alliance News) - Diversified Energy Co PLC on Thursday said it has raised USD163.0 million in gross proceeds via a share placing. Read More

TRADING UPDATES: Diversified plans fundraise; Highcroft ends sale

8th Feb 2023 19:26

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News: Read More

IN BRIEF: Diversified Energy reports double-digit rise in 2022 output

31st Jan 2023 10:20

Diversified Energy Co PLC - Alabama, US-based gas and oil production company - Says average production for 2022 amounts to 135,000 barrels of oil equivalent per day, up 14% from 119,000 a year ago. Maintains a cash margin of 50%, reflecting its "investment in Central Region assets," Diversified says. Total cash expenses amount to USD10.41 per barrel of oil equivalent, up 31% from USD7.95 per boe. Read More

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