Diversified Energy (LON:DEC) Full Year 2024 Results

Key Financial Results

• Revenue: US$758.8m (down 5.9% from FY 2023).
• Net loss: US$88.3m (down by 112% from US$758.0m profit in FY 2023).
• US$1.84 loss per share (down from US$16.07 profit in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Diversified Energy Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 4.7%. Earnings per share (EPS) was also behind analyst expectations.

In the last 12 months, the only revenue segment was Produces and Transports Natural Gas, NGLs and Oil contributing US$758.8m. Notably, cost of sales worth US$392.9m amounted to 52% of total revenue thereby underscoring the impact on earnings. The largest operating expense was Depreciation & Amortisation (D&A) costs, amounting to US$256.5m (56% of total expenses). Explore how DEC's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 39% p.a. on average during the next 2 years, while revenues in the Oil and Gas industry in the United Kingdom are expected to remain flat.

Performance of the British Oil and Gas industry.

The company's shares are up 11% from a week ago.

Risk Analysis

Don't forget that there may still be risks. For instance, we've identified 3 warning signs for Diversified Energy (1 can't be ignored) you should be aware of.

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