Diversfied Energy Company Plc have declared a 2Q22 interim dividend of $0.0425 per share (2Q20: $0.0400 per share, +6%)
Other financial highlights include:
• 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%
• Achieved 1H22 Adjusted EBITDA of $224 million (+48% vs 1H21: $151 million) with Cash Margin of 48%
• Net Loss of $935 million which includes $1.2 billion (pre-tax) of non-cash hedge valuation losses
• Free Cash Flow Yield of 22%
• Leverage ratio of 2.2x(e) (Adjusted Net Debt of $1.1 billion)
• 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
