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

72.32M

Op. Cash Flow

$464.62M

DEC$13.35−6.48% · past yearDBEQ Basic

Daily closing prices

Business

Diversified Energy Co engages in the production, transportation, and marketing of natural gas, NGLs, and crude oil from a diversified portfolio of mature, long-life assets located across the United States. The company operates 69,000 net productive wells producing approximately 1,086 MMcfepd, with operations concentrated in the Appalachian Region (Pennsylvania, Ohio, Virginia, West Virginia, Kentucky, Tennessee, Alabama) and Central Region (Texas, Oklahoma, New Mexico, Louisiana, Arkansas), plus Florida and Wyoming. The company's vertically integrated business includes upstream production, midstream transportation infrastructure managed through its wholly owned marketing subsidiary, and an asset retirement program featuring a company-operated plugging operation.

Summary from 10-K filed 2026-07-01

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

Filing historySign up free to browse every 10-K, 10-Q, 8-K, and proxy this filer has submitted to the SEC.Sign up free · Upgrade to Pro

Material Events

Material EventsTrack every 8-K filing and material event — AI-summarized, timelined, and alertable.Sign up free · Upgrade to Pro

Insiders

Insider ActivitySee executive buy/sell windows and insider trade activity over rolling 30/90/365-day windows.Sign up free · Upgrade to Pro

Institutional Holders

Institutional HoldersSee which funds hold this stock and track position changes quarter over quarter.Sign up free · Upgrade to Pro

Frequently asked questions

What is Diversified Energy Co's CIK number?

Diversified Energy Co's SEC CIK number is 0001922446 (1922446). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.

Where can I find Diversified Energy Co's SEC filings?

All of Diversified Energy Co's EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.

When did Diversified Energy Co last report earnings?

Diversified Energy Co (DEC) most recently filed an earnings 8-K with the SEC on May 6, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001922446-26-000041). This is Diversified Energy Co's most recent earnings filing of record — not a forecast of its next earnings date.

What is Diversified Energy Co's most recent earnings 8-K?

Diversified Energy Co's latest earnings 8-K (Item 2.02) was filed May 6, 2026 under accession 0001922446-26-000041. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.

View Diversified Energy Co's latest earnings 8-K →
Look up any company's CIK number →