Diversified Energy Company plc has announced its first-quarter 2025 financial results, highlighting a total revenue of $295 million, inclusive of hedges, with revenues per unit reported at $3.82/Mcfe. The company faced a net loss of $87 million for 2024, exacerbated by $141 million in mark-to-market losses. The company achieved an average production of 864 MMcfe/d for the first quarter of 2025, with an exit rate production of 1,149 MMcfe/d. Diversified Energy maintained a consolidated production decline of approximately 10% per year. Adjusted EBITDA for the quarter was recorded at $138 million, reflecting a 47% adjusted EBITDA margin, consistent with its strong cash generation track record. The company also generated $62 million in free cash flow, with a significant free cash flow conversion rate of 45%. The balance sheet was strengthened with $451 million of liquidity, supported by a new $900 million credit facility that reduced 2025 amortization by about 15%. The company continues to focus on reducing leverage to its target level of 2.0x to 2.5x. In terms of shareholder returns, Diversified Energy returned $59 million, including approximately $19 million in share repurchases and over $40 million in dividends paid and declared in 2025. The company also completed acquisitions totaling around $2 billion, aimed at driving significant free cash flow growth. The results emphasize the benefits of low corporate declines, commodity diversification, and identified synergies that are expected to sustain increased free cash flow generation.