DEC’s Q4/23 trading update was in line with expectations. The adjusted EBITDA margin was maintained at c51%, DEC’s sixth consecutive annual period with margins of 50% or more, highlighting the consistency and profitability of the company despite continued weakness in US natural gas prices. We view the current weakness in the company’s share price to be overdone and information contained in a recent short report to be inaccurate, with most of it referencing already debunked issues. DEC will annou ....
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09 Feb 2024
Diversified Energy Company - Q4/23 Trading update in-line
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Diversified Energy Company - Q4/23 Trading update in-line
Diversified Energy Company PLC (DEC:LON) | 1,252 212.9 1.4% | Mkt Cap: 591.8m
- Published:
09 Feb 2024 -
Author:
James McCormack -
Pages:
6 -
DEC’s Q4/23 trading update was in line with expectations. The adjusted EBITDA margin was maintained at c51%, DEC’s sixth consecutive annual period with margins of 50% or more, highlighting the consistency and profitability of the company despite continued weakness in US natural gas prices. We view the current weakness in the company’s share price to be overdone and information contained in a recent short report to be inaccurate, with most of it referencing already debunked issues. DEC will annou ....