See more : National Storage REIT (NSR.AX) Income Statement Analysis – Financial Results
Complete financial analysis of Diversified Energy Company PLC (DECPF) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Diversified Energy Company PLC, a leading company in the Oil & Gas Exploration & Production industry within the Energy sector.
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Diversified Energy Company PLC (DECPF)
About Diversified Energy Company PLC
Diversified Energy Company PLC operates as an independent owner and operator of producing natural gas and oil wells primarily in the Appalachian Basin of the United States. The company is involved in the production, marketing, and transportation of natural gas, natural gas liquids, crude oil, and condensates. Its assets consist of approximately 67,000 conventional and unconventional natural gas, natural gas liquids, and oil producing wells; and approximately 17,000 miles of natural gas gathering pipelines located in the states of Tennessee, Kentucky, Virginia, West Virginia, Ohio, and Pennsylvania. The company was formerly known as Diversified Gas & Oil PLC and changed its name to Diversified Energy Company PLC in May 2021. Diversified Energy Company PLC was founded in 2001 and is headquartered in Birmingham, Alabama.
| Metric | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 1.92B | 1.01B | 408.69M | 462.26M | 289.77M | 41.78M | 18.28M | 6.30M | 7.36M | 5.17M |
| Cost of Revenue | 668.15M | 458.86M | 321.25M | 181.80M | 51.17M | 27.92M | 16.81M | 7.64M | 5.72M | 5.06M |
| Gross Profit | 1.25B | 548.70M | 87.44M | 280.46M | 238.60M | 13.86M | 1.47M | -1.34M | 1.64M | 110.00K |
| Gross Profit Ratio | 65.19% | 54.46% | 21.40% | 60.67% | 82.34% | 33.17% | 8.06% | -21.18% | 22.28% | 2.13% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 85.22M | 24.77M | 17.51M | 20.47M | 12.15M | 2.14M | 896.00K | 472.00K | 697.00K | 308.00K |
| Selling & Marketing | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 85.22M | 24.77M | 17.51M | 20.47M | 12.15M | 2.14M | 896.00K | 472.00K | 697.00K | 308.00K |
| Other Expenses | 269.00K | -8.81M | -421.00K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Operating Expenses | 112.79M | 84.34M | 76.10M | 170.95M | 126.60M | 7.33M | 2.50M | 1.09M | 1.14M | 557.00K |
| Cost & Expenses | 780.94M | 543.20M | 397.36M | 352.74M | 177.77M | 35.26M | 19.31M | 8.73M | 6.86M | 5.62M |
| Interest Income | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1.00K |
| Interest Expense | 100.74M | 50.56M | 42.73M | 32.66M | 15.43M | 5.23M | 3.29M | 3.18M | 2.73M | 2.27M |
| Depreciation & Amortization | 222.26M | 167.64M | 117.29M | 98.14M | 41.99M | 7.01M | 4.04M | 3.39M | 2.53M | 2.31M |
| EBITDA | 1.36B | 681.20M | 144.78M | 205.19M | 325.15M | 25.14M | 27.31M | 7.55M | 3.94M | 1.86M |
| EBITDA Ratio | 70.90% | 67.61% | 35.42% | 44.39% | 112.21% | 60.17% | 149.38% | 119.70% | 53.59% | 36.02% |
| Operating Income | -671.40M | -467.06M | -77.57M | 180.51M | 295.00M | 16.19M | 22.45M | 4.63M | 2.67M | -562.00K |
| Operating Income Ratio | -34.98% | -46.36% | -18.98% | 39.05% | 101.80% | 38.76% | 122.82% | 73.46% | 36.23% | -10.87% |
| Total Other Income/Expenses | -180.65M | -42.14M | -60.81M | -52.61M | 131.81M | -1.45M | 34.35M | 1.61M | -1.83M | -2.27M |
| Income Before Tax | -799.50M | -550.90M | -136.74M | 131.49M | 261.80M | 4.74M | 32.51M | -413.00K | -238.00K | -2.83M |
| Income Before Tax Ratio | -41.65% | -54.68% | -33.46% | 28.45% | 90.35% | 11.34% | 177.86% | -6.55% | -3.23% | -54.69% |
| Income Tax Expense | -178.90M | -225.69M | -113.27M | 32.09M | 60.68M | -4.14M | 14.83M | -473.00K | -1.25M | 116.00K |
| Net Income | -625.41M | -325.51M | -23.47M | 99.40M | 201.12M | 8.88M | 17.68M | -413.00K | -238.00K | -2.83M |
| Net Income Ratio | -32.58% | -32.31% | -5.74% | 21.50% | 69.41% | 21.24% | 96.73% | -6.55% | -3.23% | -54.69% |
| EPS | -0.74 | -0.41 | -0.03 | 0.15 | 0.52 | 0.07 | 0.17 | 0.00 | -0.01 | -0.07 |
| EPS Diluted | -0.74 | -0.41 | -0.03 | 0.15 | 0.52 | 0.07 | 0.17 | 0.00 | -0.01 | -0.07 |
| Weighted Avg Shares Out | 844.08M | 793.54M | 685.17M | 641.67M | 386.56M | 120.14M | 105.59M | 105.59M | 40.00M | 40.10M |
| Weighted Avg Shares Out (Dil) | 844.08M | 793.54M | 688.35M | 644.78M | 387.93M | 120.27M | 105.59M | 105.59M | 40.10M | 40.10M |
Diversified Energy ups its borrowing base
Diversified Energy Company PLC (LSE:DEC, OTCQX:DECPF) has increased its borrowing base, up to US$425 million, via a semi-annual review process. The company, in a statement, said its sustainability-linked revolving credit facility was increased from US$375 million with 100% approval across...
Diversified Energy promotes senior executives after CFO departs
Diversified Energy Company said chief financial officer Eric Williams has resigned to pursue other professional opportunities. Williams will work through the end of September 2023 to ensure a smooth transition of leadership, said the statement.
Diversified Energy Company increaess production in first half
Diversified Energy Company saw production increase by 4% in its latest half-year, which included the acquisition of the Tanos II assets Appalachia in the US-focused, DEC said production during the six months to end of June 2023 averaged 142,000 barrels...
Diversified Energy: A 15% Dividend Yield Thanks To Its Strong Hedge Book
Diversified Energy is a UK-listed company with 100% of its producing natural gas assets in the US. The company acquires mature wells with low decline rates from larger companies that would like to divest. The balance sheet contains a lot...
Diversified Energy Company sells non-core acreage in US$16mln deal
Diversified Energy Company PLC (LSE:DEC, OTCQX:DECPF) has announced a further divestment of assets, a package of 22,000 net acres of undeveloped ground in Oklahoma, in a transaction worth US$16 million. The deal, with an unnamed counterparty, demonstrates the company's ability...
Diversified Energy Company sells non-operated well package for US$40mln
Diversified Energy Company PLC (LSE:DEC, OTCQX:DECPF) will bank US$40 million of proceeds from the sale of a package of non-operated wells in Oklahoma and Texas. The asset package comprises around 200 non-operated wells which are producing around 3,000 barrels oil...
Broker repeats ‘buy' rating for Diversified Energy after sustainability-linked loan is retained
Diversified Energy Company PLC (LSE:DEC, OTCQX:DECPF) was today boosted as its finance facilities got a favourable nod after its syndicate of fourteen banks reviewed the North American oil and gas firm's borrowing base. The borrowing base was retained at US$375mln...
Diversified Energy Company unanimously approved for borrowing-base redetermination
Diversified Energy Company PLC (LSE:DEC, OTCQX:DECPF) has completed its regularly scheduled semi-annual borrowing base redetermination for Spring 2023. The Company received 100% approval from its 14-bank lending syndicate of the facility's US$375mln (£300.8mln) borrowing base, which is structured as a...
Diversified Energy ups dividend, widens margins in first quarter
Diversified Energy Company PLC (LSE:DEC, OTCQX:DECPF) recorded approximately US$400mln (£317mln) in net income in the first quarter of 2023, which included a gain of US$365mln on the fair value of its derived contracts, per today's trading statement. Adjusted EBITDA for...
Diversified Energy's Track Record Is Worth Looking At
The London-listed US natural gas producer has a strong production growth history and impressive dividend track record. Management appears committed to its growth strategy continuing.
Source: https://incomestatements.info
Category: Stock Reports