Diversified Energy had a strong year in 2022 says broker SP Angel, with the estimated 8-9% annual decline rate arrested and progress on scale and operational synergies to protect and bolster the high cash operating margins.
The gas producer highlighted to investors in the second half of 2022 the potential for US$5bn of dividends from its portfolio.
"We expect the company to focus on the de-risking of this income potential in the near-term, while also remaining open to value-accretive transactions".
Shares were up 0.4% to 110.4p.