Diversified Energy Company PLC (DEC) saw its stock surge 10.05% in pre-market trading on Tuesday, following the release of strong third-quarter results and an upgrade to its full-year 2025 guidance. The company's shares had already climbed 7% in London trading earlier, reflecting investors' positive reaction to the news.

The oil and gas company reported impressive Q3 revenue of $500 million, more than doubling from $244 million in the same period last year. This robust performance led Diversified Energy to raise its fiscal year 2025 adjusted EBITDA forecast to a range of $900 million to $925 million, up from the previous guidance of $825 million to $875 million. Additionally, the company updated its FY 2025 adjusted free cash flow forecast to approximately $440 million, an increase from the earlier projection of $420 million.

Investors are also likely responding to Diversified Energy's recent announcement of plans to move its primary listing to the New York Stock Exchange (NYSE) while maintaining a secondary listing in the UK. This strategic move could potentially increase the company's visibility and access to a broader investor base. Despite the recent gains, it's worth noting that the stock was down about 22.15% year-to-date before this surge, indicating that this positive news might be seen as a turning point for the company's market performance.