Diversified Energy Company Reported Six Months Ended June 30 Net Income Of $16M, Inclusive Of Approximately $98M In Tax Benefits, With Adjusted EBITDA Of $218M
Portfolio Pulse from Benzinga Newsdesk
Diversified Energy Company reported a net income of $16M for the six months ended June 30, inclusive of $98M in tax benefits, and an adjusted EBITDA of $218M. The company maintained flat production volumes since 4Q2023, with a June 2024 exit rate of 855 MMcfepd, including the impact of the Oaktree Acquisition.
August 15, 2024 | 11:14 am
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Diversified Energy Company reported a net income of $16M for the first half of 2024, benefiting from $98M in tax benefits, and an adjusted EBITDA of $218M. The company maintained flat production volumes since 4Q2023, with a June 2024 exit rate of 855 MMcfepd, including the impact of the Oaktree Acquisition.
The positive net income, significant tax benefits, and stable production volumes are likely to be viewed favorably by investors. The Oaktree Acquisition's impact on production also suggests potential for future growth.
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