Diversified Energy’s Unique Strategy Produces Reliable Cash Flow and Strong Full Year 2024 Results
Diversified Energy Company (DEC) reported strong financial results for 2024, with full-year average production of 791 MMcfepd and an exit rate of 864 MMcfepd in December 2024, marking an 11% increase from December 2023. The company achieved Adjusted EBITDA of $470-$475 million with a 50% margin, and Adjusted Free Cash Flow of $210-$215 million.
Key financial metrics include Total Revenue of $3.21/Mcfe and Adjusted Operating Cost of $1.70/Mcfe. DEC returned $105 million to shareholders, including $21 million in share buybacks, while retiring over $200 million in debt principal. The company completed $585 million in acquisitions during 2024 and announced a transformative $1.3 billion acquisition of Maverick Natural Resources.
The company maintained its environmental commitments by retiring 202 operated wells in 2024, exceeding its goal of 200 wells per year. DEC enters 2025 with approximately 80% of consolidated production hedged, positioning itself for potential market improvements.
Diversified Energy Company (DEC) ha riportato risultati finanziari solidi per il 2024, con una produzione media annuale di 791 MMcfepd e un tasso di uscita di 864 MMcfepd nel dicembre 2024, segnando un aumento dell'11% rispetto a dicembre 2023. L'azienda ha raggiunto un EBITDA Adjusted di 470-475 milioni di dollari con un margine del 50%, e un Flusso di Cassa Libero Adjusted di 210-215 milioni di dollari.
I principali indicatori finanziari includono un Ricavo Totale di 3,21 $/Mcfe e un Costo Operativo Adjusted di 1,70 $/Mcfe. DEC ha restituito 105 milioni di dollari agli azionisti, di cui 21 milioni in riacquisti di azioni, mentre ha estinto oltre 200 milioni di dollari di debito. L'azienda ha completato 585 milioni di dollari in acquisizioni durante il 2024 e ha annunciato un'acquisizione trasformativa di 1,3 miliardi di dollari di Maverick Natural Resources.
L'azienda ha mantenuto i suoi impegni ambientali ritirando 202 pozzi operativi nel 2024, superando il suo obiettivo di 200 pozzi all'anno. DEC entra nel 2025 con circa l'80% della produzione consolidata coperta, posizionandosi per potenziali miglioramenti del mercato.
Diversified Energy Company (DEC) reportó resultados financieros sólidos para 2024, con una producción media anual de 791 MMcfepd y una tasa de salida de 864 MMcfepd en diciembre de 2024, marcando un aumento del 11% respecto a diciembre de 2023. La compañía logró un EBITDA Ajustado de 470-475 millones de dólares con un margen del 50%, y un Flujo de Efectivo Libre Ajustado de 210-215 millones de dólares.
Los principales indicadores financieros incluyen Ingresos Totales de 3,21 $/Mcfe y Costo Operativo Ajustado de 1,70 $/Mcfe. DEC devolvió 105 millones de dólares a los accionistas, incluyendo 21 millones en recompra de acciones, mientras reducía más de 200 millones de dólares en deuda principal. La compañía completó 585 millones de dólares en adquisiciones durante 2024 y anunció una adquisición transformadora de 1.3 mil millones de dólares de Maverick Natural Resources.
La empresa mantuvo sus compromisos ambientales al retirar 202 pozos operativos en 2024, superando su objetivo de 200 pozos por año. DEC entra en 2025 con aproximadamente el 80% de su producción consolidada protegida, posicionándose para posibles mejoras en el mercado.
다양화된 에너지 회사 (DEC)는 2024년 강력한 재무 결과를 보고했으며, 연간 평균 생산량은 791 MMcfepd이고 2024년 12월에는 864 MMcfepd의 출구 비율을 기록하여 2023년 12월에 비해 11% 증가했습니다. 회사는 조정된 EBITDA가 4억 7천만에서 4억 7천 5백만 달러에 도달하였고, 50%의 마진을 유지하였으며, 조정된 자유 현금 흐름이 2억 1천만에서 2억 1천 5백만 달러를 기록하였습니다.
주요 재무 지표로는 총 수익이 3.21$/Mcfe와 조정 운영 비용이 1.70$/Mcfe 입니다. DEC는 1억 5천 5백만 달러를 주주에게 환원하였으며, 이 중 2천 1백만 달러는 자사주 매입에 사용되었고, 2억 달러 이상의 부채 원금을 상환했습니다. 회사는 2024년 동안 5억 8천 5백만 달러의 인수합병을 완료하였고, 13억 달러 규모의 Maverick Natural Resources 인수를 발표하였습니다.
회사는 2024년 동안 202개의 운영 중인 유정을 퇴출시키며 환경적 약속을 유지하였으며, 연간 200개의 유정을 초과 달성하였습니다. DEC는 2025년에는 약 80%의 통합 생산량이 헤지되어 있는 상태로, 시장 개선 가능성에 대비하고 있습니다.
Diversified Energy Company (DEC) a annoncé de solides résultats financiers pour 2024, avec une production moyenne annuelle de 791 MMcfepd et un taux de sortie de 864 MMcfepd en décembre 2024, marquant une augmentation de 11% par rapport à décembre 2023. L'entreprise a atteint un EBITDA Ajusté de 470-475 millions de dollars avec une marge de 50%, et un Flux de Trésorerie Libre Ajusté de 210-215 millions de dollars.
Les principaux indicateurs financiers incluent un Revenu Total de 3,21 $/Mcfe et un Coût d'Exploitation Ajusté de 1,70 $/Mcfe. DEC a retourné 105 millions de dollars aux actionnaires, dont 21 millions en rachat d'actions, tout en remboursant plus de 200 millions de dollars de capital de dette. L'entreprise a complété 585 millions de dollars en acquisitions en 2024 et a annoncé une acquisition transformative de 1,3 milliard de dollars de Maverick Natural Resources.
L'entreprise a respecté ses engagements environnementaux en mettant hors service 202 puits exploités en 2024, dépassant son objectif de 200 puits par an. DEC entame 2025 avec environ 80 % de sa production consolidée couverte, se positionnant pour de potentielles améliorations du marché.
Diversified Energy Company (DEC) hat für das Jahr 2024 starke finanzielle Ergebnisse gemeldet, mit einer durchschnittlichen Jahresproduktion von 791 MMcfepd und einer Ausstiegsrate von 864 MMcfepd im Dezember 2024, was einen Anstieg von 11 % im Vergleich zu Dezember 2023 bedeutet. Das Unternehmen erreichte ein bereinigtes EBITDA von 470-475 Millionen USD mit einer Marge von 50 % und einen bereinigten freien Cashflow von 210-215 Millionen USD.
Zu den wichtigsten finanziellen Kennzahlen gehören ein Gesamterlös von 3,21 $/Mcfe und ein bereinigter Betriebskosten von 1,70 $/Mcfe. DEC gab 105 Millionen USD an die Aktionäre zurück, darunter 21 Millionen USD für Aktienrückkäufe, während mehr als 200 Millionen USD an Schulden getilgt wurden. Das Unternehmen schloss 585 Millionen USD an Akquisitionen im Jahr 2024 ab und gab eine transformative Akquisition von 1,3 Milliarden USD des Maverick Natural Resources bekannt.
Das Unternehmen hielt seine Umweltverpflichtungen ein, indem es 202 betriebene Brunnen im Jahr 2024 stilllegte und damit das Ziel von 200 Brunnen pro Jahr übertraf. DEC geht mit etwa 80 % der konsolidierten Produktion in das Jahr 2025, die abgesichert ist, und positioniert sich so für mögliche Marktverbesserungen.
- Full-year 2024 Adjusted EBITDA of $470-$475 million with strong 50% margin
- 11% production growth to 864 MMcfepd by December 2024
- $105 million returned to shareholders in 2024
- Over $200 million debt principal reduction
- Successful completion of $585 million in strategic acquisitions
- 5% decrease in average realized price from $3.40/Mcfe to $3.21/Mcfe
- 15% increase in Lease Operating Expense from $0.64/Mcfe to $0.73/Mcfe
- Decline in Adjusted EBITDA margin from 53% to 50% year-over-year
Insights
The 2024 results demonstrate Diversified Energy's robust operational execution and financial discipline. The company achieved 50% EBITDA margins for the seventh consecutive year - a remarkable feat in the volatile energy sector. This consistency stems from their differentiated strategy combining: efficient operations ($1.70/Mcfe operating costs), strategic hedging (44% premium to Henry Hub prices) and diversified revenue streams.
The company's financial health is evidenced by multiple strengths:
- Strong cash generation with
$210-215 million in adjusted free cash flow - Balanced capital allocation between shareholder returns (
$105 million ) and debt reduction ($200 million ) - Prudent hedging with ~80% of 2025 production protected at attractive prices
The acquisition strategy warrants attention: The
Environmental commitments are being met without compromising financial performance - exceeding well retirement goals while generating supplemental revenue through Next LVL Energy. This demonstrates a sustainable approach to asset management that should resonate with ESG-conscious investors.
Looking ahead, the company's hedging position provides downside protection while maintaining upside exposure through their growing production base. The combination of reliable cash flows, strategic growth and operational excellence positions Diversified Energy for continued strong performance in 2025.
Seventh Year in a Row of Approximately
Cash Flow Growth Initiatives Contributed Over
Company Returned Over
BIRMINGHAM, Ala., Feb. 11, 2025 (GLOBE NEWSWIRE) -- Diversified Energy Company PLC (LSE: DEC, NYSE: DEC) (“Diversified” or the "Company") is pleased to announce the following operations and trading update for the year ended December 31, 2024.
Delivering Reliable Results
- Full-year 2024 average production of 791 MMcfepd (132 Mboepd)
- 4Q24 average production of 843 MMcfepd (141 Mboepd)
- December 2024 exit rate of 864 MMcfepd (144 Mboepd)
- 2024 Adjusted EBITDA(a) of
$470 -$475 million ; Adjusted Free Cash Flow(b) of$210 -$215 million - 2024 Adjusted EBITDA Margin(a) of
50% and TTM Adjusted Free Cash Flow Yield(b) of33% - 2024 Total Revenue, Inclusive of Settled Hedges per Unit(c) of
$3.21 /Mcfe ($19.28 /Boe) - 2024 Adjusted Operating Cost per Unit(d) of
$1.70 /Mcfe ($10.22 /Boe)
- 2024 Total Revenue, Inclusive of Settled Hedges per Unit(c) of
Cash Flow Growth Initiatives
- Announced fixed-price contract for gas delivery to a major Gulf Coast LNG export facility
- Generated ~
$42 million year-to-date in cash flow through divestiture of undeveloped leasehold - Recorded
$8 million in impact to Adjusted EBITDA from Coal Mine Methane (“CMM”) Revenues
Executing Strategic Objectives and Milestones
- Retired over
$200 million in debt principal through amortizing debt payments - Returned
$105 million to shareholders, including$21 million in share buybacks(e) - Completed
$585 million (gross) in strategic and bolt-on acquisition during 2024 - Announced accretive bolt-on acquisition of southern Appalachia assets from Summit Natural Resources
- Announced transformative
$1.3 billion acquisition of Maverick Natural Resources - Marked one full year of trading on the New York Stock Exchange and as is customary, the Company expects to file a shelf registration with the US Securities and Exchange Commission
Next LVL Milestones
- The Company retired 202 operated wells in 2024, marking its third consecutive year to exceed its stated goal of retiring 200 wells per year
- Next LVL Energy completed a total 287 well retirements, including Diversified’s wells and 85 wells associated with state-owned orphan wells and third-party operators
Rusty Hutson, Jr., CEO of Diversified, commented:
“Our team executed extremely well and continued to deliver solid results in 2024 that enabled us to advance our balanced capital allocation framework. Our strong results highlight our unique business model that strives to deliver consistent cash flow during the full range and volatility of commodity cycles. Aligned with our priorities, we generated significant cash flows, returned capital to investors, and paid down more than
We believe that 2025 has the potential to be a transformative year for the Company as we work to execute our strategic initiative to become the premier public company focused on managing mature producing assets. The Company’s previously announced accretive acquisitions of Summit Natural Resources and Maverick Natural Resources are proceeding as planned, and we have received encouraging comments from both shareholders and the public debt and equity markets. During the past year, we have seen our strategy and our previous investment decisions yield increased performance in all aspects of our business model. We are optimistic about our future and confident that our current efforts will continue to position us well to have a significant positive impact on shareholder value.”
Operations and Finance Update
Production
Diversified exited the year with December 2024 average production of 864 MMcfepd (144 Mboepd), up
Diversified ended the year with 4Q24 average production of 843 MMcfepd (141 Mboepd) and full-year 2024 average production of 791 MMcfepd (132 Mboepd).
The Company’s production continues to be positively impacted by Diversified’s Smarter Asset Management ("SAM") approach focused on the improvement and optimization of production profiles, development of efficiency gains and extension of well life, and the Company is well-positioned to again-deliver on a solid operational foundation for robust cash flows in 2025 with the additional impact of the recently announced acquisitions of Maverick Natural Resources and Summit Natural Resources.
Margin, Realized Price and Total Cash Expenses per Unit
Diversified’s resilient cash flow strategy is exemplified by the Company’s 2024 Adjusted EBITDA Margin of
The Company’s commitment to responsibly hedge production and initiatives to expand revenue generation is reflected in 2024 Total Revenue, Inclusive of Settled Hedges per unit of
Prudent expense management resulted in the stable Adjusted Operating Cost per Unit for 2024 of just
| 2024 | 2023 | ||||||||||||||||
| $/Mcfe | $/Boe | $/Mcfe | $/Boe | % | |||||||||||||
| Total Commodity Revenue,Including the Impact of derivatives settled in cash | $ | 3.05 | $ | 18.30 | $ | 3.27 | $ | 19.62 | (7 | )% | |||||||
| Other Revenue1 | 0.16 | 0.98 | 0.13 | 0.75 | 31 | % | |||||||||||
| Average Realized Price1 | $ | 3.21 | $ | 19.28 | $ | 3.40 | $ | 20.37 | (5 | )% | |||||||
| Adjusted Operating Cost per Unit(d) | 2024 | 2023 | |||||||||||||||
| $/Mcfe | $/Boe | $/Mcfe | $/Boe | % | |||||||||||||
| Lease Operating Expense2 | $ | 0.73 | $ | 4.40 | $ | 0.64 | $ | 3.83 | 15 | % | |||||||
| Midstream Expense | 0.24 | 1.44 | 0.23 | 1.38 | 4 | % | |||||||||||
| Gathering and Transportation | 0.31 | 1.86 | 0.32 | 1.92 | (3 | )% | |||||||||||
| Production Taxes | 0.12 | 0.72 | 0.21 | 1.26 | (43 | )% | |||||||||||
| Total Operating Expense2 | $ | 1.40 | $ | 8.42 | $ | 1.40 | $ | 8.39 | — | % | |||||||
| Employees, Administrative Costs and Professional Fees(g) | 0.30 | 1.80 | 0.29 | 1.74 | 3 | % | |||||||||||
| Adjusted Operating Cost per Unit2 | $ | 1.70 | $ | 10.22 | $ | 1.69 | $ | 10.13 | 1 | % | |||||||
| Adjusted EBITDA Margin(a) | 50% | 53% | |||||||||||||||
| 1 2024 excludes Values may not sum due to rounding; 2024 excludes 2 2024 excludes Values may not sum due to rounding | |||||||||||||||||
Results of Hedging and Current Financial Derivatives Portfolio
Diversified’s consistent application of the Company’s differentiated hedging strategy resulted in a 2024 weighted average natural gas hedge floor of
| GAS (Mcf) | NGL (Bbl) | OIL (Bbl) | |||||||||||||||
| Wtd. Avg. Hedge Price(i)(j) | ~ % of Production Hedged(k) | Wtd. Avg. Hedge Price(i) | ~ % of Production Hedged(k) | Wtd. Avg. Hedge Price(i) | ~ % of Production Hedged(k) | ||||||||||||
| FY25 | |||||||||||||||||
| FY26 | |||||||||||||||||
| FY27 | |||||||||||||||||
Environmental Update
Asset Retirement Progress and Next LVL Energy Update
During the year, the Company exceeded its Appalachian well retirement commitments and stated plugging goals by retiring 202 Diversified-operated wells. Total well retirements by Next LVL Energy in Appalachia amounted to 287 wells, including 51 retirements associated with state orphan well programs.
Next LVL Energy continues to be a strategic and value-additive component of Diversified’s vertically integrated operations focused on the full life cycle of operated wells and to provide third-party revenue to offset the cash costs associated with the retirement of operated wells.
Acquisition Update
2024 Acquisitions Update
The Company's previously announced acquisition of Oaktree Working Interests, Crescent Pass Energy assets and East Texas assets were successfully closed in the course of the year, representing
Summit Natural Resources
Diversified’s previously announced acquisition of Appalachia and Alabama assets from Summit Natural Resources is proceeding as planned and the Company expects to close the transaction in the first quarter of 2025.
Maverick Natural Resources
As previously announced on January 27, 2025, Diversified has entered into a definitive agreement to acquire Maverick Natural Resources for total consideration of approximately
The Acquisition is expected to close during the first half of 2025, subject to customary closing conditions, including, among others, regulatory clearance and approval by Diversified shareholders for the issue and allotment of the Ordinary Shares pursuant to the merger agreement.
2024 Annual Results and Conference Call Details
Diversified will release its 2024 full-year results on Monday, March 17, 2025 and will host a conference call that day at 12:30 PM GMT (8:30 AM EDT) to discuss the Annual Results.
| US (toll-free) | + | 1 877 836 0271 |
| UK (toll-free) | + | 44 (0)800 756 3429 |
| Web Audio | https://www.div.energy/news-events/ir-calendarevents | |
Footnotes:
| (a) | Adjusted EBITDA represents earnings before interest, taxes, depletion, and amortization, and includes adjustments for items that are not comparable period-over-period; As presented, Adjusted EBITDA includes the impact of the accounting basis for land sales; Adjusted EBITDA Margin represents Adjusted EBITDA (excluding the adjustment for the accounting basis on land sales) as a percent of Total Revenue, Inclusive of Settled Hedges; For purposes of comparability, Adjusted EBITDA Margin excludes Other Revenue of |
| (b) | Free Cash Flow represents net cash provided by operating activities less expenditures on natural gas and oil properties and equipment and cash paid for interest; As used herein, Adjusted Free Cash Flow represents Free Cash Flow, plus cash proceeds from undeveloped acreage sales; Adjusted Free Cash Flow Yield is calculated using 2024 Free Cash Flow per share, divided by the 2024 average share price of |
| (c) | Includes the impact of derivatives settled in cash; Excludes the impact of land sales during the period; For purposes of comparability, excludes certain amounts related to Diversified’s wholly owned plugging subsidiary, Next LVL Energy. |
| (d) | Adjusted Operating Cost represent total lease operating costs plus recurring administrative costs. Total lease operating costs include base lease operating expense, owned gathering and compression (midstream) expense, third-party gathering and transportation expense, and production taxes. Recurring administrative expenses (Adjusted G&A) is a Non-IFRS financial measure defined as total administrative expenses excluding non-recurring acquisition & integration costs and non-cash equity compensation; For purposes of comparability, excludes certain amounts related to Diversified’s wholly owned plugging subsidiary, Next LVL Energy. |
| (e) | Share repurchases include activity by Diversified’s Employee Benefit Trust. |
| (f) | Calculated as the rate of decline in average daily production from December 2023 to December 2024, adjusted to exclude the impact of acquisitions and divestitures. |
| (g) | As used herein, employees, administrative costs and professional services represents total administrative expenses excluding cost associated with acquisitions, other adjusting costs and non-cash expenses. We use employees, administrative costs and professional services because this measure excludes items that affect the comparability of results or that are not indicative of trends in the ongoing business. |
| (h) | Calculated as the average monthly settlement price for NYMEX Henry Hub futures contracts. |
| (i) | Weighted average price reflects the weighted average of the swap price and floor price for collar contracts as applicable. |
| (j) | MMBtu prices have been converted to Mcf using a richness factor of 1Mcf=1.036 MMBtu, calculated as the weighted average Btu richness factor for the twelve months ended December 31, 2024. |
| (k) | Illustrative percent hedged, calculated using December 2024 average production and assuming a consolidated annual corporate decline rate of |
For Company-specific items, refer also to the Glossary of Terms and/or Alternative Performance Measures found in the Company’s Annual Report and Form 20-F for the year ended December 31, 2023 filed with the United States Securities and Exchange Commission and available on the Company’s website.
For further information, please contact:
| Diversified Energy Company PLC | +1 973 856 2757 |
| Doug Kris | dkris@dgoc.com |
| Senior Vice President, Investor Relations & Corporate Communications | www.div.energy |
| FTI Consulting | dec@fticonsulting.com |
| U.S. & UK Financial Public Relations | |
About Diversified Energy Company PLC
Diversified is a leading publicly traded energy company focused on natural gas and liquids production, transport, marketing, and well retirement. Through our unique and differentiated strategy, we acquire existing, long-life assets and invest in them to improve environmental and operational performance until retiring those assets in a safe and environmentally secure manner. Recognized by ratings agencies and organizations for our sustainability leadership, this solutions-oriented, stewardship approach makes Diversified the Right Company at the Right Time to responsibly produce energy, deliver reliable free cash flow, and generate shareholder value.
Forward-Looking Statements
This announcement contains forward-looking statements (within the meaning of the U.S. Private Securities Litigation Reform Act of 1995) concerning the financial condition, results of operations and business of the Company and its wholly owned subsidiaries (the “Group”). All statements other than statements of historical fact are, or may be deemed to be, forward-looking statements. These forward-looking statements, which contain the words "anticipate", "believe", "intend", "estimate", "expect", "may",”should”,”intend”, "will", "seek", "continue", "aim", "target", "projected", "plan", "goal", "achieve" and words of similar meaning, reflect the Company's beliefs and expectations and are based on numerous assumptions regarding the Company's present and future business strategies and the environment the Company and the Group will operate in and are subject to risks and uncertainties that may cause actual results to differ materially. No representation is made that any of these statements or forecasts will come to pass or that any forecast results will be achieved. Forward-looking statements involve inherent known and unknown risks, uncertainties and contingencies because they relate to events and depend on circumstances that may or may not occur in the future and may cause the actual results, performance or achievements of the Company or the Group to be materially different from those expressed or implied by such forward looking statements. Many of these risks and uncertainties relate to factors that are beyond the Company's or the Group's ability to control or estimate precisely, such as the expected timing and likelihood of completion of the Acquisition and the risk that problems may arrise in successfully integrating Maverick or that the combined company may not achieve synergies as expected,as well as factors such as future market conditions, currency fluctuations, the behavior of other market participants, the actions of regulators and other factors such as the Company's or the Group's ability to continue to obtain financing to meet its liquidity needs, the Company’s ability to successfully integrate its other acquisitions, changes in the political, social and regulatory framework in which the Company or the Group operate or in economic or technological trends or conditions. The list above is not exhaustive and there are other factors that may cause the Company's or the Group's actual results to differ materially from the forward-looking statements contained in this announcement, including the risk factors described in the “Risk Factors” section in the Company’s Annual Report and Form 20-F for the year ended December 31, 2023, filed with the United States Securities and Exchange Commission ( the “SEC”) and the risk factors descibed in Exhibit 99.2 to the Company’s Form 6-k furnished with the SEC on January 27, 2025.
Forward-looking statements speak only as of their date and neither the Company nor the Group nor any of its respective directors, officers, employees, agents, affiliates or advisers expressly disclaim any obligation to supplement, amend, update or revise any of the forward-looking statements made herein, except where it would be required to do so under applicable law. In light of these risks, uncertainties and assumptions, the events described in the forward-looking statements in this announcement, may not occur. As a result, you are cautioned not to place undue reliance on such forward-looking statements. Past performance of the Company cannot be relied on as a guide to future performance. No statement in this announcement is intended as a profit forecast or a profit estimate and no statement in this announcement should be interpreted to mean that the financial performance of the Company for the current or future financial years would necessarily match or exceed the historical published for the Company.
Unaudited Financial Information
Certain financial and operating results included in this announcement are based on unaudited estimated results. These estimated results are subject to change upon completion of the Company’s audited financial statements for the year ended December 31, 2024, and changes could be material. The Company anticipates publishing its audited financial results for the year ended December 31, 2024 on Tuesday, March 17, 2025.
Use of Non-IFRS Measures
Certain key operating metrics that are not defined under IFRS (alternative performance measures) are included in this announcement. These non-IFRS measures are used by us to monitor the underlying business performance of the Company from period to period and to facilitate comparison with our peers. Since not all companies calculate these or other non-IFRS metrics in the same way, the manner in which we have chosen to calculate the non-IFRS metrics presented herein may not be compatible with similarly defined terms used by other companies. The non-IFRS metrics should not be considered in isolation of, or viewed as substitutes for, the financial information prepared in accordance with IFRS. Certain of the key operating metrics are based on information derived from our regularly maintained records and accounting and operating systems. We have not presented reconciliations of the non-IFRS measures included in this announcement because the comparable IFRS measures will not be accessible until the Company's audited financial results for the year ended December 31, 2024 are complete. The Company will include the comparable IFRS measures and reconciliations of the non-IFRS measures in its release of full-year results, which we expect to publish on Tuesday, March 17, 2025.
FAQ
What was Diversified Energy's (DEC) production growth in 2024?
How much capital did DEC return to shareholders in 2024?
What is the value of DEC's announced Maverick Natural Resources acquisition?
What was DEC's hedging position entering 2025?
How many wells did DEC retire in 2024?
