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