Diversified Energy Company deliver consistent and reliable results

Diversified Energy Company PLC (LON:DEC) has announced it is trading in line with expectations and provides the following operations and trading update for the quarter ended 30 September 2023.

Delivering Reliable Results

•     .Average net daily production: 804 MMcfepd (134.0 Mboepd)

◦     Average net daily production of 814 MMcfepd (135.7 Mboepd), adjusted for extraordinary maintenance

◦     September 2023 exit rate of 806 MMcfepd (134.4 Mboepd)

◦     Maintained industry-leading consolidated corporate decline rate of ~10%

•     Recorded Adjusted EBITDA(a) of $140 million

◦     Adjusted Operating Cost per Unit of $1.63/Mcfe ($9.81/Boe)(b) down 2% versus 1H23

◦     Adjusted EBITDA Margin(c) of 52%

•     Annualized Free Cash Flow Yield of 22%(d), including the impact of working capital changes

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