Diversified Energy Company ( (GB:DEC) ) has issued an announcement.
Diversified Energy Company PLC has successfully completed the acquisition of natural gas properties and midstream pipeline infrastructure from Summit Natural Resources, enhancing its operations in Virginia, West Virginia, and Alabama. This acquisition is set to increase cash flow from coal mine methane environmental credits and improve commodity price realizations. Additionally, Diversified closed its tenth asset-backed securitization, which will refinance existing debts and improve cash flow through strategic hedging. This move solidifies Diversified’s position as a leading issuer of oil and gas securitizations, attracting significant investor interest and aligning with its sustainability strategy.
More about Diversified Energy Company
Diversified Energy Company PLC is a leading publicly traded energy company focused on natural gas and liquids production, transport, marketing, and well retirement. The company employs a unique strategy of acquiring existing, long-life assets and investing in them to enhance environmental and operational performance until their safe and environmentally secure retirement. Diversified is recognized for its sustainability leadership and aims to responsibly produce energy, deliver reliable free cash flow, and generate shareholder value.
YTD Price Performance: -17.63%
Average Trading Volume: 169,285
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £656.5M
See more data about DEC stock on TipRanks’ Stock Analysis page.