Despite the challenging commodity price environment, Diversified has announced a strong set of Q1/23 results. Cash margins and annualised free cash flow yield increased to c54% and c37% respectively, as a result of lower per-unit expenses and the Company's robust hedging portfolio. Diversified's hedging strategy continues to advantageously position the Company, with remaining 2023 average natural gas hedge floors of US$3.79/Mcf at a 35% premium to current strip pricing, and a 55% premium to the ....
11 May 2023
Cenkos: Diversified Energy Company Plc -- 54% Cash Margin & 37% Annualised FCF Yield
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Cenkos: Diversified Energy Company Plc -- 54% Cash Margin & 37% Annualised FCF Yield
Diversified Energy Company PLC (DEC:LON) | 1,096 11 0.1% | Mkt Cap: 521.4m
- Published:
11 May 2023 -
Author:
James McCormack -
Pages:
9
Despite the challenging commodity price environment, Diversified has announced a strong set of Q1/23 results. Cash margins and annualised free cash flow yield increased to c54% and c37% respectively, as a result of lower per-unit expenses and the Company's robust hedging portfolio. Diversified's hedging strategy continues to advantageously position the Company, with remaining 2023 average natural gas hedge floors of US$3.79/Mcf at a 35% premium to current strip pricing, and a 55% premium to the ....