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Notably, the company realized a 48% Adjusted EBITDA Margin and a TTM Free Cash Flow Yield of 31%. The prudent hedging program also yielded
Hutson expressed satisfaction with the solid operational and financial results, attributing them to the company's strategic focus on cost reduction opportunities. This focus translated into a notable 7% sequential quarterly operating cost improvement. Moreover, he announced the commencement of operations at the Black Bear processing facility, marking a strategic milestone for the company.
This achievement underscores Diversified Energy's ability to leverage its in-house expertise to unlock value and generate meaningful cash flow. The Black Bear facility, integrated with the company's natural gas production, is expected to contribute approximately
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