Diversified Energy has announced its 2024 performance results, showcasing significant achievements in production and finance despite market challenges.
Production Highlights
The company's average net daily production for 2024 was 791 MMcfepd, with December exit rates reaching 864 MMcfepd. This performance showcases the company's ability to maintain consistent production levels despite industry challenges.
Financial Results and Strategy
Diversified Energy's total revenue, including hedges, reached $946 million, supported by $151 million in commodity cash hedge receipts. Operating cash flow stood at $346 million, with a reported net loss of $87 million due to tax-effected non-cash unsettled derivative fair value adjustments.
Ambitions for 2025
For 2025, Diversified Energy has set ambitious targets, including increasing total production to 1,050–1,100 MMcfe/d. Adjusted EBITDA is projected between $825 million and $875 million, and free cash flow is expected to be approximately $420 million.
Diversified Energy continues to advance strongly, achieving success in production and finance. Its strategy for 2025 promises further strengthening and impressive results.
