Diversified Energy Co

Listed Company

DECCIK 0001922446NYSELarge AcceleratedCrude Petroleum & Natural GasX0FY ends Dec 31

Period

FY 2025

Revenue

$1.83B

Net Income

$341.12M

Total Assets

$6.20B

Equity

$984.06M

Shares Out

76.07M

Op. Cash Flow

$464.62M

Business

Diversified Energy Co is a foreign private issuer in Crude Petroleum & Natural Gas, headquartered in the United States. Shares trade on NYSE under the ticker DEC.

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Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31
Gain (loss) on derivatives	218	−38	1,081
Revenues	1,829	757	1,949
Lease operating expense	−458	−232	−213
Production taxes	−87	−36	−61
Midstream operating expense	−79	−72	−71
Transportation expense	−115	−90	−96
Accretion of asset retirement obligation	−49	−28	−24
General and administrative expense	−168	−130	−129
Depreciation, depletion and amortization	−413	−292	−273
Gain (loss) on natural gas and oil properties and equipment	73	26	28
Total operating expense	−1,294	−854	−840
Income (loss) from operations	535	−97	1,109
Gain (loss) on sale of equity interest	0	0	11
Interest expense	−210	−137	−131
Loss on debt extinguishment	27	16	0
Other income (expense)	−3	−2	−385,000
Income (loss) before taxation	301	−248	990
Income tax benefit (expense)	41	145	−239
Net income (loss)	342	−103	750
Other comprehensive income (loss)	352,000	−2	−270,000
Total comprehensive income (loss)	342	−105	750
Net income (loss)	341	−104	749
Noncontrolling interest	800,000	1	2
Basic (in usd per share)	4.67	−2.17	15.87
Diluted (in usd per share)	4.58	−2.17	15.76
Basic (in shares)	73	48	47
Diluted (in shares)	74	48	48

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31
Cash and cash equivalents	30	6	4	—
Restricted cash	22	11	—	—
Accounts receivable, net	408	234	—	—
Derivatives	153	34	—	—
Prepaid expenses and other current assets	37	19	—	—
Total current assets	650	304	—	—
Proved natural gas and oil properties	5,809	3,808	—	—
Unproved natural gas and oil properties	20	7	—	—
Accumulated depletion	−1,321	−982	−747	−530
Natural gas and oil properties, net	4,508	2,833	2,438	—
Property, plant, and equipment, net	446	426	442	—
Restricted cash	94	35	—	—
Deferred tax assets	287	271	—	—
Other assets	184	88	—	—
Total assets	6,200	4,000	—	—
Accounts payable	82	35	—	—
Accrued liabilities	194	95	—	—
Revenue to be distributed	240	172	—	—
Current portion of long-term debt, net	237	209	—	—
Derivatives	156	164	—	—
Other current liabilities	168	101	—	—
Total current liabilities	1,076	777	—	—
Asset retirement obligations	864	619	463	—
Long-term debt, net	2,715	1,495	—	—
Derivatives	441	609	—	—
Other liabilities	78	44	—	—
Total liabilities	5,174	3,545	—	—
Commitments and contingencies (Note 19)	—	—	—	—
Common stock ($0.01 par value; 350,000,000 shares authorized; 76,979,625 and 50,649,844 shares issued and outstanding)	769,000	15	—	—
Additional paid in capital	1,492	1,146	—	—
Accumulated other comprehensive income (loss)	−583,000	−935,000	—	—
Retained earnings (accumulated deficit)	−508	−759	—	—
Total stockholders' equity attributable to DEC	984	400	—	—
Noncontrolling interests	11	12	—	—
Total stockholders' equity	995	412	538	−190
Total liabilities and stockholders' equity	6,169	3,957	—	—

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31
(Gain) loss on derivatives	−218	38	−1,081
Cash proceeds (payments) on settlement of derivatives	24	151	175
Settlement of asset retirement costs	−28	−8	−6
Derivative modifications	0	0	27
Non-cash share-based compensation	10	8	6
Other	16	16	16
Accounts receivable, net	3	−19	107
Other assets	−9	−8	4
Accounts payable	−17	−18	−38
Other liabilities	−33	−3	−167
Net cash provided by operating activities	465	221	291
Consideration for business acquisitions, net of cash acquired	−330	0	0
Consideration for asset acquisitions, net of cash acquired	−477	−282	−262
Proceeds from divestitures	172	69	92
Capital expenditures	−185	−52	−74
Deferred consideration payments	0	−1	−3
Net cash (used in) investing activities	−820	−267	−247
Repayment of borrowings	−2,433	−1,653	−1,548
Proceeds from borrowings	3,173	1,845	1,537
Prepayment charge on early retirement of debt	0	−2	0
Debt issuance costs	−35	−20	−14
Hedge modifications associated with ABS Notes	−171	0	−6
Proceeds from equity issuance, net	117	0	157
Proceeds from lease modifications	0	9	0
Principal element of lease payments	−16	−12	−10
Dividends to stockholders	−85	−84	−168
Distributions to noncontrolling interest owners	−2	−2	−4
Repurchases of common stock (stock repurchase program)	−77	−16	−11
Repurchases of common stock by the EBT, net	−23	−5	0
Net cash provided by (used in) financing activities	448	58	−67
Net change in cash, cash equivalents and restricted cash	93	12	−23

Filings

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