Diversified Energy CEO highlights shareholder returns and key acquisitions in H1 results

Diversified Energy Company CEO Rusty Hutson Jr. talked with Proactive about the company’s significant milestones in the first half of 2024, including the completion of the Crescent Pass acquisition and the successful integration of Oaktree. Hutson highlighted that since the company's IPO in 2017, the company has returned over $850 million to shareholders through dividends and share repurchases. In the interview, Hutson detailed the $106 million Crescent Pass acquisition, emphasising its strategic fit within Diversified Energy's East Texas operations and its exposure to the Gulf Coast LNG export facilities. He also touched on the financial achievements for the first half of the year, including $121 million in free cash flow and a stable production profile over the last three quarters. Furthermore, the company maintained a 50% cash margin, a significant indicator of its operational efficiency. Hutson expressed confidence in the company's future, with plans to continue reducing leverage, maintaining dividends, and exploring further growth opportunities. He also discussed the company’s recent inclusion in the US Russell 2000 Index, marking a significant milestone in Diversified Energy’s ongoing expansion. Visit Proactive's YouTube channel for more videos, and don't forget to give the video a like, subscribe to the channel, and enable notifications for future content. #DiversifiedEnergy #CrescentPassAcquisition #RustyHutsonJr #EnergySector #OilAndGas #FreeCashFlow #Russell2000 #ShareholderReturns #OaktreeAcquisition #GulfCoastLNG #DividendStock #ProactiveInvestors #invest #investing #investment #investor #stockmarket #stocks #stock #stockmarketnews