Diversified Energy says Q3 trading in line with expectations

Diversified Energy Company said it was trading in line with expectations for the third quarter.

The UK-based independent gas production company declared a dividend of 4.375p a share during the term. It also reported an average production rate of 135 million barrels of oil equivalent per day.

Recent hedging had increased the 2023 and 2024 average natural gas hedge price by 8% and 4%, respectively, the company added on Monday.

Reporting by Frank Prenesti for Sharecast.com