Diversified Energy Company delivers solid results, returning over $105m to shareholders

Diversified Energy Company Plc (LON:DEC, NYSE: DEC) has announced the following operations and trading update for the year ended December 31, 2024.

Delivering Reliable Results

• Full-year 2024 average production of 791 MMcfepd (132 Mboepd)

◦ 4Q24 average production of 843 MMcfepd (141 Mboepd)

◦ December 2024 exit rate of 864 MMcfepd (144 Mboepd)

• 2024 Adjusted EBITDA^(a) of $470-$475 million; Adjusted Free Cash Flow^(b) of $210-$215 million

• 2024 Adjusted EBITDA Margin^(a) of 50%and TTM Adjusted Free Cash Flow Yield^(b) of 33%

◦ 2024 Total Revenue, Inclusive of Settled Hedges per Unit^(c) of $3.21/Mcfe ($19.28/Boe)

◦ 2024 Adjusted Operating Cost per Unit^(d) of $1.70/Mcfe ($10.22/Boe)

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