Diversified Energy is a dual-listed (NYSE and LSE) energy company focused on the production, marketing and transportation of mainly natural gas in the US onshore. The company IPO’d in London in 2017 with a pre-money valuation of US$50m and has grown through acquisition to become one of the largest independent E&P’s listed in London by production and reserves.
The firm has a differentiated stewardship model focused on acquiring long life, low decline producing wells and optimising them for cash. It is unique amongst US gas producers in that it actively avoids capital intensive development drilling programmes, thereby keeping capital costs low and generating significant organic free cash flow from its assets to prioritise shareholder returns.
1 End YE 2025
| Row Labels | Sum of Gross deal size (US$ m) |
|---|---|
| 30-Jan-17 | 49.5 |
| 15-Jun-17 | 38.4 |
| 31-Jan-18 | 188.9 |
| 27-Jun-18 | 248.5 |
| 13-Dec-18 | 32.4 |
| 28-Mar-19 | 250.3 |
| 12-May-20 | 95.0 |
| 21-May-21 | 224.3 |
| 09-Feb-23 | 163.5 |
| Grand Total | 1,290.8 |
“Diversified has a valued and longstanding relationship with the Tennyson team dating back to the company’s 2017 IPO in London. The provision of trusted advice and strong fundraising capabilities has been crucial in helping Diversified navigate UK capital markets and successfully growing the business into what it is today”
– Rusty Hutson, Diversified Energy CEO