Diversified Energy Company Plc - DEC STOCK NEWS

Diversified Energy (NYSE: DEC), FuelCell Energy, and TESIAC have announced a strategic partnership to form an Acquisition and Development Company (ADC) aimed at supplying up to 360 megawatts of electricity to data centers across Virginia, West Virginia, and Kentucky.

The collaboration will utilize coal mine methane (CMM) and natural gas to provide off-grid power solutions for data centers through innovative fuel cell technology. The partnership combines Diversified Energy's natural gas and CMM supply, FuelCell Energy's advanced energy generation platforms, and TESIAC's financing expertise.

Key features include:

• Behind-the-meter solutions providing on-site, continuous power generation
• Innovative capital structuring for faster deployment
• Carbon-optimized power generation through captured methane and fuel cells
• Job creation and economic benefits in the Appalachian region

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Diversified Energy Company (LSE/NYSE:DEC) has completed two significant transactions: the acquisition of Summit Natural Resources assets and its tenth Asset Backed Securitization (ABS X). The Summit acquisition, valued at ~$42 million, includes natural gas properties and midstream infrastructure across Virginia, West Virginia, and Alabama, delivering ~12 MMcfepd current net production and 65 Bcfe in PDP reserves.

The $530 million ABS X note refinancing achieved record demand (6.5x oversubscribed) and features a master trust structure with investment-grade rated notes carrying a ~6.4% blended fixed coupon in A tranche. Strategic hedges are expected to boost EBITDA by ~40% ($38 million) for refinanced assets. The acquisition assets feature Coal Mine Methane volumes with potential for expanded production and environmental credits, while benefiting from premium Transco Zone 5 pricing exposure.

Diversified Energy Company (LSE: DEC; NYSE: DEC) has announced the pricing of its underwritten public offering of 8.5 million ordinary shares at $14.50 per share, expecting to raise approximately $123.3 million in gross proceeds. The offering is set to settle on February 21, 2025.

The underwriters have a 30-day option to purchase up to an additional 850,000 ordinary shares. The company plans to use the net proceeds to repay part of the debt expected from the proposed acquisition of Maverick Natural Resources, If the acquisition doesn't close, the funds will be used for debt repayment and general corporate purposes.

The offering is being managed by multiple financial institutions, with Citigroup and Mizuho acting as joint book-running managers. The completion of the offering is not conditional upon the Maverick acquisition, and vice versa.

Diversified Energy Company PLC (LSE: DEC; NYSE: DEC) has announced a proposed underwritten public offering of up to 8.5 million ordinary shares in the United States, with an additional option for underwriters to purchase up to 850,000 shares. Citigroup and Mizuho are serving as joint book-running managers for the offering.

The company plans to use the net proceeds to repay a portion of the debt expected from its proposed acquisition of Maverick Natural Resources, , announced on January 27, 2025. If the acquisition doesn't close, proceeds will be used for debt repayment and general corporate purposes. The offering's completion is not contingent on the acquisition, and vice versa.

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 (LSE:DEC)(NYSE:DEC) has announced a definitive agreement to acquire Maverick Natural Resources for approximately $1.275 billion. The acquisition combines complementary asset packages and is expected to result in a 95% increase in revenue and a 55% increase in free cash flow.

The combined company will have an enterprise value of approximately $3.8 billion, operating across five distinct regions with a combined production of ~1,200 MMcfe/d. Maverick brings significant liquids exposure, with its production mix being 55% liquids and 45% natural gas, complementing Diversified's 85% natural gas and 15% liquids mix.

The transaction will be funded through the assumption of approximately $700 million of Maverick debt, issuance of 21.2 million new Diversified Ordinary Shares valued at approximately $345 million, and approximately $207 million in cash. Upon completion, EIG will own approximately 20% of outstanding Ordinary Shares. The acquisition is expected to close during the first half of 2025.

Pioneer Energy and Diversified Energy (DEC) have secured a $5 million grant from the U.S. Department of Energy and EPA to adapt Pioneer's Emission Control Treater™ (ECT) technology for marginal conventional wells. The technology will be demonstrated at DEC's East Texas locations for 12 months.

The ECT technology offers superior separation compared to existing phase separators, increasing crude yield by 5-10% while eliminating routine flaring and atmospheric storage tanks. The system features cloud-connected automation for remote monitoring and control, reducing operational costs and maintenance requirements.

The grant will fund the development of mini-ECT units as cost-effective replacements for existing infrastructure at marginal well sites. The demonstration will take place in the Cotton Valley Basin, aiming to extend well economic lifetime while eliminating methane emissions and flaring.

Pioneer Energy has secured $27 million in DOE funding through four distinct awards. The primary focus is on advancing their Emission Control Treater™ (ECT), a revolutionary zero-emissions well pad production technology that can boost crude yield by 5-10%. Three awards totaling $21 million will support ECT development across different applications, including a $10MM commercial-scale project, a $6MM sour crude processing initiative, and a $5MM marginal wells program.

The ECT technology eliminates routine flaring, removes the need for atmospheric storage tanks, and improves separation efficiency. It features cloud-connected automation for remote monitoring and control, reducing operational costs. The fourth grant, worth $6MM, partners with Emvolon to develop a flare gas to methanol system. All projects will undergo extended field demonstrations, with emissions reduction validation by Colorado School of Mines and Montrose Environmental Group.