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home / news releases / DECPF - Diversified Gas & Oil reports Q1 results


DECPF - Diversified Gas & Oil reports Q1 results

2023-05-09 08:51:02 ET

  • Diversified Gas & Oil press release ( OTCQX:DECPF ): Q1 Recorded average 1Q23 production of 139 Mboepd (833 MMcfepd), Exit rate of 145 Mboepd (872 MMcfepd)
  • Includes 15% liquids; Up 30% since entering Central Region
  • Net income of ~$400 million inclusive of a ~$365 million gain on tax-effected, non-cash unsettled derivative fair value adjustments
  • Achieved 1Q23 Adjusted EBITDA of ~$150 million
  • Realized 54% Cash Margin benefiting from lower expenses
  • Annualized Free Cash Flow Yield of ~37% (1Q23 of ~9%).

For further details see:

Diversified Gas & Oil reports Q1 results
Stock Information

Company Name: Diversified Energy Company Plc Ord GBP 0.01
Stock Symbol: DECPF
Market: OTC
Website: div.energy

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