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BIRMINGHAM, Ala. - Diversified Energy Company PLC (LSE:DEC, NYSE: DEC) reported second quarter 2025 results on Monday, showing production of 1,149 MMcfepd (192 Mboepd) and Adjusted EBITDA of $280 million.
The quarter reflected the full integration of the Maverick Natural Resources acquisition, with production volume mix at 73% natural gas, 13% natural gas liquids, and 14% oil. The company reported total revenue of $510 million including settled hedges.
Diversified announced it has increased its annualized synergy target from the Maverick acquisition to $60 million, up from the previously stated $50 million. The company cited efficiency gains through staffing optimization, contract savings, and midstream cost reductions in its integration process.
For the first half of 2025, Diversified reported average production of 1,007 MMcfepd (168 Mboepd), representing a 35% increase year-over-year. Adjusted EBITDA for the first half reached $418 million, a 92% increase compared to the same period in 2024.
The company maintained a leverage ratio of 2.6x Net Debt to EBITDA, an improvement of approximately 13% from year-end 2024. Diversified reported $416 million in liquidity through undrawn credit facility capacity and unrestricted cash.
Diversified’s portfolio optimization program realized approximately $70 million from non-core asset and leasehold divestitures in the first half of 2025. The company also reported retiring 213 wells in the first half of the year.
The company declared a second quarter dividend of $0.29 per share and reported returning over $105 million to shareholders year-to-date through dividends and share repurchases. Diversified has repurchased approximately 3.3 million shares year-to-date, representing about 4% of outstanding shares.
Diversified reaffirmed its full-year 2025 guidance, which includes production of 1,050 to 1,100 MMcfepd and Adjusted EBITDA of $825 to $875 million.
This article is based on a press release statement from Diversified Energy Company.
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