Diversified Energy Co reports results for the quarter ended September 30 - Earnings Summary

• Diversified Energy Co DEC.N reported quarterly adjusted earnings of $2.94​​ per share for the quarter ended September 30. The mean expectation of nine analysts for the quarter was for earnings of 44 cents per share. Wall Street expected results to range from 24 cents to 63 cents per share.

• Revenue fell 72.1% to $108.51 million from a year ago; analysts expected $469.20 million.

• Diversified Energy Co's reported EPS for the quarter was a loss of $2.86​.

• The company reported a quarterly loss of $202.21 million.

• Diversified Energy Co shares had risen by 2.0% this quarter and lost 5.8% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 0.6% in the last three months.​

• In the last 30 days, two analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "strong buy" or "buy," 1 "hold" and no "sell" or "strong sell." The average consensus recommendation for the oil & gas exploration and production peer group is also "buy"

• Wall Street's median 12-month price target for Diversified Energy Co is $19.50, about 31.6% above its last closing price of $13.33

This summary was machine generated from LSEG data November 5 at 01:14 a.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)