Interim Results for the Six Months Ended 30 June 2022.
Period Highlights
• Declared 2Q22 interim dividend of $0.0425 per share (2Q20: $0.0400 per share, +6%)
• Paid $72 million of dividends to shareholders
• Record average net daily production: 136 MBoepd (+29% vs 1H21: 106 MBoepd), exit rate of 139 MBoepd
• Maintained industry-leading consolidated corporate decline rate of ~8.5%(a)
• Achieved 1H22 Adjusted EBITDA(b) of $224 million (+48% vs 1H21: $151 million) with Cash Margin(c) of 48%
• Net Loss of $935 million which includes $1.2 billion (pre-tax) of non-cash hedge valuation losses
• Free Cash Flow Yield(d) of 22%
• Leverage ratio of 2.2x(e) (Adjusted Net Debt of $1.1 billion(e))
• Completed $970 million in Asset Backed Securitisations ("ABS") at a blended fixed rate of 5.3%(f)
• Liquidity of ~$469 million
• Closed ~$60 million in complementary Central Region upstream and midstream acquisitions(g)
• Recently announced $240 million (gross) upstream acquisition from ConocoPhillips in Central Region
https://www.investegate.co.uk/diversifi ... 02061700V/Issued separately for some reason?
Second Quarter Dividend Announcement.
Diversified Energy Company PLC (LSE:DEC) is pleased to announce that the Board has declared an interim dividend of 4.25 cents per share in respect of 2Q22 for the six month period ended 30 June 2022, consistent with 1Q22 and a 6% increase over 2Q21 (4.00 cents).
https://www.investegate.co.uk/diversifi ... 00071698V/Ex Div 24 Nov 22, Paid 28 Dec 22.
Ian.