From GlobeNewswire: 2025-03-17 06:58:00

Diversified Energy Company PLC had a successful 2024, with $2 billion in acquisitions. They maintained consistent operating costs despite industry challenges and expect financial benefits from Maverick Integration. A PDP solution for upstream peers was created. The company is the only publicly traded champion of the PDP subsector.

In 2024, Diversified delivered 791 MMcfepd, with a year-end 864 MMcfepd production rate. Revenue hit $946 million, with operating cash flow at $346 million. They retired over $200 million in debt, returned $105 million to shareholders, and completed $585 million in acquisitions. The company also achieved the OGMP Gold Standard and MSCI AA Rating.

Diversified made a powerful step forward in 2024 with a $1.3 billion acquisition of Maverick. They entered the Permian basin and anticipate over $50 million in annual synergies. They also expect a 300% increase in cash flow from CMM environmental credit sales. Plans for enhancing free cash flow growth in 2025 are in place.

The CEO, Rusty Hutson, Jr., praised the company’s performance and strategic focus in 2024. The company is optimistic about the future and confident in achieving their full-year 2025 expectations. With the Maverick acquisition, they anticipate significant operational synergies and improved cost structures. The AGM will be held on April 9, 2025.



Read more at GlobeNewswire:: Diversified Achieves Strong Final Year-End 2024 Results,