During H1/21 Diversified successfully expanded its portfolio into a newly defined Central Regional Focus Area (RFA), acquiring three separate asset packages. Diversified achieved both a record average net daily production in H1/21 of 106Mboepd, an 11% YoY increase and a record June exit rate of 116Mboepd. Pro-forma H1/21 production was 141Mboepd, a 30% YoY increase. H1/21 hedged adjusted EBITDA was US$151m, with Diversified maintaining a cash margin above 50%, supporting US$125m of free cash flo ....

05 Aug 2021
Cenkos: Diversified Energy Company Plc -- A Bullish Backdrop

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Cenkos: Diversified Energy Company Plc -- A Bullish Backdrop
Diversified Energy Company PLC (DEC:LON) | 954 128.8 1.4% | Mkt Cap: 733.2m
- Published:
05 Aug 2021 -
Author:
James McCormack -
Pages:
11 -
During H1/21 Diversified successfully expanded its portfolio into a newly defined Central Regional Focus Area (RFA), acquiring three separate asset packages. Diversified achieved both a record average net daily production in H1/21 of 106Mboepd, an 11% YoY increase and a record June exit rate of 116Mboepd. Pro-forma H1/21 production was 141Mboepd, a 30% YoY increase. H1/21 hedged adjusted EBITDA was US$151m, with Diversified maintaining a cash margin above 50%, supporting US$125m of free cash flo ....