Diversified Energy Co PLC (NYSE:DEC)
$ 15.5 0.05 (0.32%) Market Cap: 790.18 Mil Enterprise Value: 2.48 Bil PE Ratio: 5.58 PB Ratio: 1.33 GF Score: 74/100

Full Year 2018 Diversified Gas & Oil PLC Earnings Call Transcript

Feb 28, 2019 / 09:00AM GMT
Release Date Price: $31.8
Robert Russell Hutson
Diversified Gas & Oil PLC - Founder, CEO, President & Director

Good morning, guys. Appreciate you all showing up this morning. As you guys know, we've announced earnings since market opened this morning. And we're going to walk through, real quickly, some highlights from 2018, talk about some of the things that we're doing on a going-forward basis from a operational perspective. Brad will talk a little bit about that, Eric will run through the numbers, and then I'll come back in and talk about outlook for 2019. So we got several slides to get through.

2018, obviously, we've been over here multiple times in the last 12 months, but a very transformational year for us. We did 4 acquisitions, spent nearly $2 billion -- $1 billion on those acquisitions, and really transformed the business in a matter of 12 months.

Strong cash flow. We've talked about this all the time, but that's essentially what we've build this model off of. It's about cash flow, it's less about exploration and it's more about the driving cash flows and driving margins of the business. We'll

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