Diversified Energy jumps on hiking annual profit forecast

Diversified Energy

04/11/2025 09:13

** London-listed shares of oil and gas co Diversified Energy DEC.N up 8.7% at 1,047p

** Raises FY 2025 adj EBITDA forecast range $900 mln to $925 mln vs prior guidance of $825 mln to $875 mln

** Updates FY 2025 adj free cash flow forecast to about $440 mln vs $420 mln previously

** Posts Q3 revenue $500 mln vs $244 mln year ago

** Last month, co said it would move its primary listing to NYSE, while retaining secondary UK listing

** FY 2025 total production forecast unchanged

** Including session's losses, stock down ~22.15% YTD

 ((Ankita.Bora@thomsonreuters.com))