- Diversified Energy Company
- 12 November 2024 09:57:50
Source: Sharecast
Diversified Energy said Q3 average production came to 138.0m barrels of oil equivalent per day, while its September exit rate hit 142.0m boepd.
Operating cash flow was $102.0m, free cash flow came to $47.0m and adjusted underlying earnings were $115.0m for the quarter.
Chief executive Rusty Hutson Jr said: "Our results this quarter demonstrate the underlying strength of our business to deliver consistent cash flow and our commitment to operational excellence.
"We continue to execute on our long-term strategic plan - investing in the growth of our core business, driving operational excellence, and maintaining a disciplined approach to allocating capital to foster the strengthening of the balance sheet and create shareholder value."
As of 0955 GMT, Diversified Energy shares were up 1.51% at 995.80p.
Reporting by Iain Gilbert at Sharecast.com