Diversified Energy Co PLC

Diversified Energy Co. Plc engages in the production and distribution of natural gas and crude oil. It focuses on assets of Appalachian Basin of the United States of America. The company was founded by Robert Russell Hutson Jr. in 2001 and is headquartered in Birmingham, AL.

Diversified Energy Company PLC (LSE:DEC, NYSE:DEC) chief executive Rusty Hutson highlighted “strategic progress and solid financial performance”, as the company told investors it traded in line with expectations in 2023. The oil and gas producer, in a statement ahead of its financial results, reported that output averaged 136 barrels oil equivalent per day in the year, and, it anticipates reporting earnings (adjusted EBITDA) of between $540 to $545 million.

Diversified Energy Company highlights ‘strategic progress and solid performance' ahead of financial results

Diversified Energy Company PLC (LSE:DEC, NYSE:DEC), in a statement addressing the movements of its share price, said it is aware of a report published by a short seller - which according to the company, contains inaccuracies and misrepresents its financial and operational performance. The report aims to negatively impact DEC's share price for the benefit of the short seller, the company claimed via its stock market statement.

Diversified Energy Company rebukes “short seller” report

LOS ANGELES, CA / ACCESSWIRE / January 17, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Diversified Energy Co PLC ("Diversified Energy" or "the Company") (NYSE:DEC) for violations of the securities laws. The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors.

INVESTOR ACTION ALERT: The Schall Law Firm Announces it is Investigating Claims Against Diversified Energy Co PLC and Encourages Investors with Losses to Contact the Firm

LOS ANGELES, CA / ACCESSWIRE / January 12, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Diversified Energy Co PLC ("Diversified Energy" or "the Company") (NYSE:DEC) for violations of the securities laws. The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors.

INVESTIGATION ALERT: The Schall Law Firm Announces it is Investigating Claims Against Diversified Energy Co PLC and Encourages Investors with Losses to Contact the Firm

Diversified Energy Company PLC (LSE:DEC, NYSE:DEC) has issued a response to a letter from the US House of Representatives committee on energy and commerce, which wrote to the company in December.   The committee's letter, dated December 18, was from four members requesting information regarding the company's well retirement and emissions information.

Diversified Energy responds to US energy committee letter

Diversified Energy Company PLC's (LSE:DEC, OTCQX:DECPF) latest asset divestment represented a smart deal yet the market is underappreciating both the transaction and the London-listed company's value, that's according to analysts at stockbroker Stifel. The deal metrics meanwhile supports Stifel's view of DEC's net asset value, analyst David Round highlighted in a note.

Diversified Energy Company latest deal making is ‘underappreciated' by market says broker

Diversified Energy Company PLC (LSE:DEC, OTCQX:DECPF) has confirmed the closing of what it described as a “value adding asset sale”, which sees the disposal of producing assets in Appalachia to a special purpose vehicle (20% owned by DEC) in a deal that generates $200 million of proceeds. Specifically, the assets were transferred into the SPV and the company subsequently sold an 80% stake in the vehicle, whilst retaining 20% and operatorship of the assets.

Diversified Energy Company closes value-adding asset sale

BIRMINGHAM, AL / ACCESSWIRE / January 2, 2024 / Diversified Energy Company PLC (LSE:DEC)(NYSE:DEC) is pleased to announce that it has closed an innovative transaction (the "Transaction") that has allowed the Company to unlock additional value from its current asset base at an attractive multiple while further enhancing liquidity and reducing leverage. In summary, the Transaction consisted of the Company executing a sale of producing assets in Appalachia (the "Assets") to a Special Purpose Vehicle ("SPV"; DP Lion Equity Holdco LLC) in which Diversified retained a 20% minority interest and operatorship of the Assets.

Diversified Closes Value Enhancing Asset Sale

NEW YORK , Dec. 31, 2023 /PRNewswire/ --  Wolf Haldenstein Adler Freeman & Herz LLP ("Wolf Haldenstein"), a preeminent national shareholder rights litigation firm, announces that is investigating claims on behalf of investors of Diversified Energy Company PLC (LSE:DEC; NYSE:DEC) (the "Company") All investors who purchased shares and incurred losses are advised to contact the firm immediately at classmember@whafh.com or (800) 575-0735 or (212) 545-4774. You may obtain additional information concerning the potential action on our website, www.whafh.com.

Wolf Haldenstein Adler Freeman & Herz LLP is Investigating Potential Securities Fraud Claims Against Diversified Energy Company PLC

LOS ANGELES, CA / ACCESSWIRE / December 28, 2023 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Diversified Energy Co PLC ("Diversified Energy" or "the Company") (NYSE:DEC) for violations of the securities laws. The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors.

INVESTOR ACTION NOTICE: The Schall Law Firm Announces it is Investigating Claims Against Diversified Energy Co PLC and Encourages Investors with Losses to Contact the Firm

Diversified Energy has had its target price and buy recommendation reiterated by house broker Peel Hunt following the open letter yesterday published by members of the US House of Representatives Committee on Energy and Commerce. “Having reviewed the open letter, we see this as largely a rehash of a Bloomberg Green article published in October 2021,” said Peel Hunt.

Diversified Energy target reiterated by house broker after US letter

BIRMINGHAM, AL / ACCESSWIRE / December 19, 2023 / Diversified Energy Company PLC (LSE:DEC)(NYSE:DEC) today is providing a response to the movement in its share price. On December 18, 2023, The Company received a request for information from four members of the minority party (52 member committee) of the United States House of Representatives Committee on Energy and Commerce regarding its well retirement and emissions information.

Diversified Energy Responds to Market Reaction

BIRMINGHAM, AL / ACCESSWIRE / December 18, 2023 / Diversified Energy Company PLC (LSE:DEC)(NYSE:DEC) is pleased to announce that trading in its ordinary shares will commence at U.S. market open today on the New York Stock Exchange (NYSE) under the ticker symbol "DEC" as part of the Company's previously announced US listing process. The Company will retain its premium listing and will continue to trade on the main market of the London Stock Exchange (LSE).

News for Diversified Energy Co PLC Stock (DEC)