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Stock impact report

Diversified Energy Reports Solid First Quarter and Benefits from Expansion of NGL Processing Capabilities [Yahoo! Finance]

FTI Consulting, Inc. (FCN) 
Last fti consulting, inc. earnings: 4/30 07:30 am Check Earnings Report
US:NYSE Investor Relations: ir.fticonsulting.com
Company Research Source: Yahoo! Finance
BIRMINGHAM, AL / ACCESSWIRE / May 9, 2024 / Diversified Energy Company PLC (LSE:DEC)(NYSE:DEC) is pleased to announce it is trading in line with expectations and provides the following operations and trading update for the quarter ended March 31, 2024. In addition, the Company is providing an update on its Black Bear processing facility. Delivering Reliable Results Recorded average 1Q24 production of 723 MMcfepd (121 Mboepd) Exit rate of 742 MMcfepd (124 Mboepd) Production essentially flat from 4Q23 adj. production of 725 MMcfepd (121 Mboepd) (a) Operating Cash Flow of $107 million, and Net loss of $15 million inclusive of non-cash unsettled derivative fair value adjustments, and non-cash depreciation, depletion and amortization Achieved 1Q24 Adjusted EBITDA of $102 million and Free Cash Flow of $74 million Realized 48% Adjusted EBITDA Margin (b) and TTM Free Cash Flow Yield of 31% (c) Adjusted Operating Cost per Unit (d) of $1.68/Mcfe ($10.10/Boe); ~7% improvement vs Show less Read more
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