Birch acquisition to propel Diversified Energy into top 15 U.S. natural gas producers

SEATTLE (Oil Monster): Diversified Energy has reported 256 million dollars in adjusted EBITDA for the third quarter, returning approximately 157 million dollars to shareholders.

The company announced it expects to close its Birch acquisition in the fourth quarter, a move that will position Diversified Energy among the top 15 U.S. natural gas producers. An earnings call is scheduled for tomorrow at 8:30 AM ET.

Earlier this year, Diversified Energy reported achieving OGMP 2.0 Gold Standard reporting for the fifth consecutive year, maintaining 99 percent plus leak-free operations, according to company disclosures. The firm has also collaborated with regional partners to restore wildlife habitats and plant native trees as part of ongoing operational initiatives detailed in a previous update. These actions come as the company continues to expand its footprint in the U.S. natural gas sector.

Courtesy: www.tradersunion.com