Company Research Report: Diversified Energy Company PLC

Company Overview

• Name: Diversified Energy Company PLC

• Mission: To create long-term value for stakeholders and maximize shareholder returns through acquiring, optimizing, and managing existing natural gas and oil assets.

• Founded: 2001

• Founders: Rusty Hutson, Jr. (Co-Founder and CEO)

• Key People:

• Rusty Hutson, Jr. (Co-Founder & Chief Executive Officer)

• David E. Johnson (Independent Non-Executive Chairman)

• Martin K. Thomas (Non-Executive Vice Chair)

• Sylvia Kerrigan (Senior Independent Non-Executive Director)

• Kathryn Klaber (Independent Non-Executive Director)

• Sandra (Sandy) Stash (Independent Non-Executive Director)

• David J. Turner, Jr. (Independent Non-Executive Director)

• Headquarters: No information is available

• Number of Employees: No information is available

• Revenue of the Company: No specific revenue figures provided

• Known For: Being a leading energy producer focusing on natural gas and natural gas liquids in the U.S., with operations focused on sustainable energy production, transportation, and well retirement.

Products

• Offerings: Diversified Energy produces, markets, transports, and retires primarily natural gas and natural gas liquids from its onshore upstream and midstream assets in the U.S.

• Product Descriptions:

• Natural Gas and Natural Gas Liquids Production: Engages in the production from mature assets in Appalachia and Central Regions.

• Midstream Assets: Operates approximately 17,000 miles of gathering and transportation lines and associated compression stations.

• Well Retirement Services (Next LVL Energy): Provides asset retirement and auxiliary well services.

Recent Developments

• Recent Developments:

• A supply agreement with a major Gulf Coast LNG facility to deliver 40 Bcf of natural gas over three years, starting November 2024, enhancing its hedge portfolio.

• Completion of a joint acquisition to acquire East Texas assets for $87 million.

• Completion of Crescent Pass acquisition for $106 million, increasing the company’s scale and asset density.

• Announced 2024 Interim Results with solid performance, highlighting an adjusted EBITDA of $218 million and continuous operational improvements.

• Declared a second quarter interim dividend of 29 cents per share, scheduled for December 27, 2024.

• New Products/Features: No information is available on new products or features.

• Partnerships: Partnered on joint acquisition projects in the East Texas region, illustrating a strategic approach to asset expansion.

• Sustainability Initiatives: Committed to achieving net zero Scope 1 and Scope 2 GHG emissions by 2040 and has made investments in sustainability and emissions reduction initiatives.

This report provides an in-depth overview of the company's current operations, strategic directions, and recent advancements, reflecting its focus on sustainable and responsible energy production.