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Diversified Energy Company ( (GB:DEC) ) has issued an announcement.
Diversified Energy Company PLC has announced a definitive agreement to acquire Maverick Natural Resources for approximately $1,275 million, expanding its asset base and commodity mix. This strategic acquisition is expected to significantly increase the company’s revenue by 95% and free cash flow by 55%, while enhancing margins and achieving expense synergies. The deal strengthens Diversified’s position in the energy sector, particularly in the Permian Basin, and aligns with its strategy of leveraging technology and asset management expertise to unlock value. The combined company is projected to generate substantial free cash flow, enable debt reduction, and offer consistent shareholder returns through a sustainable dividend and strategic share repurchases, further enhancing its long-term value creation.
More about Diversified Energy Company
Diversified Energy Company PLC operates in the energy sector, focusing on the acquisition and management of natural gas and oil assets. The company emphasizes a differentiated business model that includes reliable production, multi-basin commodity diversification, and a strong hedging program to ensure consistent free cash flows.
YTD Price Performance: -5.28%
Average Trading Volume: 193,204
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £646.8M
For a thorough assessment of DEC stock, go to TipRanks’ Stock Analysis page.
