Diversified Energy Co DEC
We are engaged in the production, transportation, and marketing of natural gas, NGLs, and oil, managing a diversified portfolio of
mature, long-life assets. Our assets are located in the United States within the following geographical operating areas:
•Appalachian Region, which spans Ohio, Pennsylvania, Virginia, West Virginia, Kentucky, Tennessee and Alabama;
•Central Region, which includes Texas, Oklahoma, New Mexico, Louisiana and Arkansas;
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Revenue | $1.83B | $757.3M | $1.95B | $1.92B | $1.01B | — |
| SG&A | $167.6M | $129.7M | $128.6M | — | — | — |
| Total operating expenses | $1.29B | $854.4M | $839.8M | — | — | — |
| Operating income | $535.0M | -$97.1M | $1.11B | -$671.4M | -$467.1M | — |
| Interest expense | $210.0M | $136.8M | $130.9M | — | — | — |
| Pre-tax income | $301.3M | -$247.9M | $989.6M | — | — | — |
| Income tax | $40.5M | $144.8M | $239.2M | — | — | — |
| Net income | $341.1M | -$104.4M | $748.7M | -$620.6M | -$325.2M | — |
| EPS, basic | 4.67 | -2.17 | 15.87 | — | — | — |
| EPS, diluted | 4.58 | -2.17 | 15.76 | — | — | — |
| Shares, diluted (wtd. avg.) | $74.5M | $48.0M | $47.5M | — | — | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Cash and equivalents | $29.7M | $6.0M | $3.8M | $62.7M | — | — |
| Receivables | $408.4M | $234.4M | — | — | — | — |
| Inventory | $27.8M | $9.6M | — | — | — | — |
| Total current assets | $650.2M | $304.3M | — | — | — | — |
| Property, plant and equipment | $446.0M | $425.8M | $442.1M | — | — | — |
| Other intangibles | $3.2M | $2.9M | — | — | — | — |
| Total assets | $6.17B | $3.96B | $3.47B | $3.83B | — | — |
| Accounts payable | $81.8M | $35.0M | — | — | — | — |
| Short-term debt | $236.6M | $209.5M | — | — | — | — |
| Total current liabilities | $1.08B | $777.1M | — | — | — | — |
| Long-term debt | $2.72B | $1.50B | — | — | — | — |
| Total liabilities | $5.17B | $3.54B | — | — | — | — |
| Retained earnings | -$507.8M | -$759.5M | — | — | — | — |
| Total equity | $984.1M | $400.1M | $537.7M | -$189.7M | $664.0M | $886.7M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Operating cash flow | $464.6M | $220.7M | $291.4M | — | — | — |
| Depreciation and amortisation | $412.5M | $292.0M | $273.3M | — | — | — |
| Stock-based compensation | $10.4M | $8.3M | $6.5M | — | — | — |
| Capital expenditure | $184.6M | $52.1M | $74.3M | — | — | — |
| Investing cash flow | -$820.2M | -$266.8M | -$246.7M | — | — | — |
| Financing cash flow | $448.4M | $58.4M | -$67.4M | — | — | — |
| Dividends paid | $85.0M | $83.9M | $168.0M | — | — | — |
| Buybacks | $23.0M | $5.0M | — | — | — | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001922446-26-000020.
Others in SIC 1311
| Ticker | Company | Market cap | P/E | Revenue growth |
|---|---|---|---|---|
| EOG | EOG RESOURCES INC | $76.16B | 15.9x | -4.5% |
| OXY | OCCIDENTAL PETROLEUM CORP /DE/ | $60.02B | 37.3x | -5.0% |
| FANG | Diamondback Energy, Inc. | $55.79B | 34.8x | 35.8% |
| DVN | DEVON ENERGY CORP/DE | $52.87B | 11.5x | 5.4% |
| EQT | EQT Corp | $34.51B | 16.7x | 63.9% |
| EXE | EXPAND ENERGY Corp | $23.42B | 12.9x | 186.3% |
| PR | Permian Resources Corp | $19.57B | 18.2x | 1.3% |
| OVV | Ovintiv Inc. | $17.84B | 13.5x | -3.1% |