Diversified Energy Company have declared a 1Q25 dividend of $0.29 per share
Other financial highlights include:
- Closed transformational and accretive acquisition of Maverick Natural Resources
- Approximately doubling revenues and free cash flow
- Strengthened balance sheet and increased liquidity
- Credit facility borrowing base of $900 million with $451 million of current undrawn capacity and unrestricted cash; current leverage ratio of ~2.7x
- Retired $51 million of debt principal through amortizing debt payments during Q1 2025
- Repurchased ~1.5 million shares year-to-date in 2025, representing ~$19 million of share buybacks
- Advantageously added natural gas hedge volumes in 2026 through 2029 during recent strength in forward curve
- On track to exceed $40 million in targeted land sales during the first half of 2025
- Realized additional Coal Mine Methane (CMM) alternative energy credits with acquired assets from Summit Natural Resources
- Next LvL Energy collaborated with the State of West Virginia regulatory agencies to modernize well retirement procedures using a method that is environmentally sound, safe, and cost-effective
