Diversified Energy Co DEC

Energy SIC 1311 - Crude Petroleum & Natural Gas NAICS Mining, Quarrying, and Oil and Gas Extraction › Oil and Gas Extraction derived NYSE

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;

Last close 14.69 2026-10-23
Market cap $1.04B 2026-06-30 share count
52-week range 12.35 - 18.90

Valuation FY2025 figures against the last close

P/S0.6x
P/E3.2x
P/FCF3.7x
EV/EBITDA4.2x
Dividend yield8.2%
Diluted EPS4.58

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020
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 4.67-2.1715.87———
EPS, diluted 4.58-2.1715.76———
Shares, diluted (wtd. avg.) 74.5M48.0M47.5M———

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020
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 FY2025FY2024FY2023FY2022FY2021FY2020
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.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -1B 0 1B 2B Revenue, FY2021: 1B Net income, FY2021: -325.2M Revenue, FY2022: 1.9B Net income, FY2022: -620.6M Revenue, FY2023: 1.9B Net income, FY2023: 748.7M Revenue, FY2024: 757.3M Net income, FY2024: -104.4M Revenue, FY2025: 1.8B Net income, FY2025: 341.1M FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2020FY2021FY2022FY2023FY2024FY2025
Revenue — $1.01B $1.92B $1.95B $757.3M $1.83B
Gross profit — — — — — —
Net income — -$325.2M -$620.6M $748.7M -$104.4M $341.1M

Recent filings and events

  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Regulation FD disclosure Item 7.01
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Regulation FD disclosure Item 7.01
  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Regulation FD disclosure Item 7.01
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • Acquisition or disposal completed A purchase or sale of a significant business or asset has closed. Item 2.01
  • New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
  • Officer or director change Item 5.02
  • Regulation FD disclosure Item 7.01
  • Material agreement signed Item 1.01

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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