DEC's acquisition of Canvas Energy lifts production, expands its Oklahoma position and strengthens financial flexibility through a major ABS deal.
When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?
Diversified Energy Company PLC (LSE:DEC, NYSE:DEC) shares climbed 10% to 1,061p after the company raised its full-year targets following a record third quarter that saw profits, cash flow and shareholder returns all surge. The US-focused gas and oil producer now expects adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) of between $900 million and $925 million for 2025, about 7% higher than previously forecast, and has lifted its free-cash-flow goal by 5% to around $440 million.
| Energy Equipment & Services Industry | Energy Sector | Robert Russell Hutson Jr. CEO | XDUS Exchange | US25520W1071 ISIN |
| US Country | 1,589 Employees | 27 Feb 2026 Last Dividend | - Last Split | 18 Dec 2023 IPO Date |
Diversified Energy Company PLC operates as an independent owner and operator of producing natural gas and oil wells, primarily based in the Appalachian Basin of the United States. Established in 2001 and headquartered in Birmingham, Alabama, the company has a broad footprint across several states, including Tennessee, Kentucky, Virginia, West Virginia, Ohio, Pennsylvania, Oklahoma, Texas, and Louisiana. Initially known as Diversified Gas & Oil PLC, the organization changed its name to Diversified Energy Company PLC in May 2021. It has built a reputation for its involvement in the production, marketing, and transportation of natural gas and oil, leveraging a wealth of assets such as natural gas wells and gathering systems.
Diversified Energy Company PLC engages in the extraction and sale of natural gas, employing sophisticated methods to safely and efficiently produce natural gas from wells across its operating regions. This component of their portfolio includes the operation of gathering systems that consolidate gas from multiple sites for processing and transportation.
As part of its product offerings, the company processes natural gas to extract liquids, often referred to as natural gas liquids or NGLs. These hydrocarbons, in a liquid state at room temperature, are valuable by-products used in a variety of chemical processes and energy production methods.
Diversified Energy is also involved in the production and marketing of crude oil. Utilizing its wells spread throughout its operating areas, the company extracts crude oil, which is then refined into various petroleum products, serving as a critical component of the global energy supply chain.
Condensates, light hydrocarbons that condense from gas to liquid under certain pressure and temperature conditions, are another product line of the organization. These are primarily used in the petrochemical industry for the production of naphtha and other valuable chemical feedstocks.