Q3/22 results were in-line with forecasts, with the Company's cash margins during the quarter increasing to 50% (Q2/22: 48%), reflecting higher price realisations and efforts to mitigate inflationary pressures. Average daily production in Q3/22 was 135MBoepd, with Diversified exiting the quarter at 144MBoepd. This combination of strong asset performance, higher commodity prices and consistent cash margins has enabled Diversified to declare a Q3/22 dividend of 4.375c/share, an annualised increase ....
15 Nov 2022
Cenkos: Diversified Energy Company Plc -- Q3/22 Update – Increasing the Dividend
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Cenkos: Diversified Energy Company Plc -- Q3/22 Update – Increasing the Dividend
Diversified Energy Company PLC (DEC:LON) | 1,085 173.6 1.5% | Mkt Cap: 516.0m
- Published:
15 Nov 2022 -
Author:
James McCormack -
Pages:
8
Q3/22 results were in-line with forecasts, with the Company's cash margins during the quarter increasing to 50% (Q2/22: 48%), reflecting higher price realisations and efforts to mitigate inflationary pressures. Average daily production in Q3/22 was 135MBoepd, with Diversified exiting the quarter at 144MBoepd. This combination of strong asset performance, higher commodity prices and consistent cash margins has enabled Diversified to declare a Q3/22 dividend of 4.375c/share, an annualised increase ....