)
Edge28 Nov 2025
Keeping the Streak Alive: The Story of Duolingo
How Duolingo made language learning addictive, scaled to millions of users, and built a powerful subscription business around everyday practice.
Diversified Energy Company (DEC) investor relations material
Diversified Energy Company 17th Annual Southwest IDEAS Conference summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.17th Annual Southwest IDEAS Conference summary19 Nov, 2025
Business model and strategy
Focuses on acquiring and optimizing mature, cash-generating energy assets (PDP) across 11 U.S. states, leveraging scale and vertical integration for margin enhancement.
Uses asset-backed securities (ABS) for financing, maintaining a cost of capital below 10%, and has completed 30 accretive acquisitions in seven years.
Operates a branded asset retirement company, Next Level, handling a significant share of asset retirement in the Appalachian Basin.
Sells undeveloped acreage and forms joint ventures, such as with Mewbourne Oil, to optimize portfolio and generate additional cash flow.
Maintains discipline in acquisitions, prioritizing fit and value, and often walks away from deals that do not meet criteria.
Financial performance and capital allocation
Achieved over $1 billion in annualized EBITDA and a $6 billion reserve base, with a production mix of 72% natural gas.
Repurchased 6% of shares YTD, with $61 million spent through Q3, and pays a fixed dividend yielding 7-8%, modeled at $90 million annually.
Guided 2025 free cash flow at $440 million, with 20% allocated to dividends; debt is paid down via fully amortizing ABS structures.
Recent acquisitions, such as Canvas Energy, are financed with significant external investment (e.g., $400 million from Carlyle for a $550 million deal).
Cost of capital for equity is proxied at 8% (dividend yield), while recent ABS financings are at 6-6.5% tied to SOFR.
Growth opportunities and market outlook
Sees a robust pipeline of M&A opportunities, with $70-90 billion in assets expected to come to market in the next 1-2 years.
Expansion into new basins is considered if assets offer scale and operational synergies; recent M&A trends create generational opportunities.
Portfolio optimization through land sales and JVs helps offset production decline and sustain cash flow.
Corporate production decline is managed at 10% annually, offset by acquisitions, land sales, and third-party revenue streams.
Vertical integration's competitive edge
M&A landscape: What drives asset availability?
NYSE listing: Beyond investor access, what's next?
Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.
Next Diversified Energy Company earnings date
H2 202516 Mar, 2026
Next Diversified Energy Company earnings date
H2 202516 Mar, 2026
The essential earnings season companion
The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
)
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
)
)
Frequently asked questions
Diversified Energy Company PLC is an independent energy company engaged in the acquisition, production, and management of natural gas and oil assets. The company focuses on developing mature, long-life hydrocarbon fields, with operations aimed at maximizing production efficiency and sustainability. The company is headquartered in Birmingham, United Kingdom, and its shares are listed on the LSE.
Quartr provides global coverage of all investor relation material from public companies.
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Yes, the Quartr mobile app is free on both iOS and Android.
Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.
Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.
Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.
Explore our global coverage