Diversified Energy Co (DEC)
Diversified Energy Co brought in $1.6B of revenue over the twelve months to September 30, 2026. Net income was $79.4M, a net margin of 4.9%. Operating cash flow minus capital spending left $280M of free cash flow in fiscal 2025. At September 30, 2026 it held $5.8M in cash against $3B of debt. Its latest periodic report to the SEC is the quarterly report (10-Q) filed on November 4, 2026.
Key facts about Diversified Energy Co
- Net worth
- Diversified Energy Co has a market value (market cap) of $990.9M at the latest share price, and shareholders' equity of $723.2M on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
- Revenue and profit
- In fiscal 2025 revenue was $1.8B (+130.1% year on year), with net income of $341.1M. Over the 12 months to September 30, 2026: revenue $1.6B, net income $79.4M.
- Cash flow
- In fiscal 2025 operations brought in $464.6M of cash; after $184.6M of capital spending, free cash flow was $280M.
- Latest report
- The latest periodic report (quarterly report, 10-Q) was filed with the SEC on November 4, 2026 and covers the period to September 30, 2026. Open on SEC EDGAR
- Next earnings report
- Diversified Energy Co's next report is expected around February 3, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
What Diversified Energy Co does
Diversified Energy Co is registered with the SEC under industry code SIC 1311 (Crude Petroleum & Natural Gas). Its shares trade on NYSE under the ticker DEC.
Revenue and profit by year
Key figures
| Fiscal year | Revenue | Net income | Diluted EPS | Free cash flow |
|---|---|---|---|---|
| 2025 | $1.8B | $341.1M | $4.58 | $280M |
| 2024 | $794.8M | -$104.4M | -$2.17 | $168.6M |
| 2023 | $1.9B | $748.7M | $15.76 | $217.2M |
| 2023 | $1.9B | -$625.4M | -$14.82 | n/a |
| 2021 | $1B | -$325.5M | -$8.20 | n/a |
Earnings: every quarter and the next report date
Full financial statements: income, balance sheet and cash flow
Where DEC ranks in Energy
Dividends
It paid out $85M in cash dividends, 25% of its net income.
| Fiscal year | Per share | Paid out | Of profit |
|---|---|---|---|
| 2025 | n/a | $85M | 25% |
| 2024 | n/a | $83.9M | n/a |
| 2023 | n/a | $168M | 22% |
| 2023 | n/a | $143.5M | n/a |
| 2021 | n/a | $130.2M | n/a |
Latest SEC filings
What Diversified Energy Co has filed recently, newest first. Each links to the original document on SEC EDGAR.
- November 6, 2026
- November 4, 2026
- November 4, 2026Quarterly report 10-Q · period to September 30, 2026Revenue fell 78% to $108.5M versus the same quarter last year; diluted EPS -$2.86 versus $2.14.
- November 2, 2026
- September 28, 2026
- September 18, 2026Exhibits 8-K/A
- September 9, 2026
- September 3, 2026
- August 14, 2026Passive stake changed SCHEDULE 13G/A
- August 14, 2026
What is DEC worth? A DCF from its reported cash flow
Insider trades
What the people running Diversified Energy Co did with its shares, from the Form 4 filings they must send the SEC within two business days.
No insider bought or sold shares on the open market in the last 90 days. The 4 reported changes were pay in shares, option exercises, shares withheld for tax or gifts.
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| September 30, 2026 | Oliver Kirk RDirector | Received as pay | 118 | - |
| September 30, 2026 | Klaber Kathryn ZDirector | Received as pay | 209 | - |
| September 30, 2026 | Turner David Jackson Jr.Director | Received as pay | 230 | - |
| September 30, 2026 | Thomas Martin KeithDirector | Received as pay | 209 | - |
| August 5, 2026 | Turner David Jackson Jr.Director | Received as pay | 1,072 | - |
| June 30, 2026 | Oliver Kirk RDirector | Received as pay | 118 | - |
| June 30, 2026 | Klaber Kathryn ZDirector | Received as pay | 207 | - |
| June 30, 2026 | Turner David Jackson Jr.Director | Received as pay | 207 | - |
Who owns DEC
Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.
5% holders
| Holder | Of class | Filed |
|---|---|---|
| Artemis Investment Management LLP13G, passive with 4 related filers | 5.6% | May 7, 2026 |
Largest institutional holders
Insiders
11 insiders reported holding 9,412,433 shares in total, about $121.5M at the last price.
| Holder | Shares |
|---|---|
| Wade Randall S.Director | 7,511,7727,501,585 held indirectly |
| Hutson Robert R JrChief Executive Officer, Director | 1,322,689 |
| Gray Bradley GPresident and CFO | 212,790 |
| Thomas Martin KeithDirector | 125,368 |
| Sullivan BenjaminSr EVP, Chief Legal Officer | 89,837 |
| Turner David Jackson Jr.Director | 59,998 |
| Johnson David EdwardDirector | 39,144 |
| Ridgway Ron LeeEVP - Energy Marketing | 21,660 |
| Klaber Kathryn ZDirector | 14,587 |
| Garrett Michael WaltonChief Accounting Officer | 8,444 |
Questions about DEC
What does Diversified Energy Co do?
Diversified Energy Co is a company in the Energy sector, listed on NYSE as DEC. Its shares trade on NYSE under the ticker DEC.
What is Diversified Energy Co's net worth?
Diversified Energy Co has a market value (market cap) of $990.9M at the latest share price, and shareholders' equity of $723.2M on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
Is Diversified Energy Co profitable?
Yes. Over the twelve months to September 30, 2026 it reported net income of $79.4M on revenue of $1.6B, a net margin of 4.9%.
How much revenue does Diversified Energy Co make?
Over the twelve months to September 30, 2026 Diversified Energy Co reported revenue of $1.6B.
When did Diversified Energy Co last report?
Its most recent periodic report is the quarterly report (10-Q) filed on November 4, 2026. It covers the period to September 30, 2026. Its newest filing of any kind is the executive or director change from November 6, 2026.
When is Diversified Energy Co's next earnings report?
Diversified Energy Co's next report is expected around February 3, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
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Where the numbers come from
Financial figures are the values Diversified Energy Co tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.
Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.