NYSE : DEC
Diversified Energy Company — Financial statements
Energy · Oil & Gas Integrated · United States
Last price 14.44 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 1.02B
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Financial statements
Diversified Energy Company (DEC) reported revenue of 1.94B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Operating Revenue | 1.88B | 1.54B | 732.26M | 802.40M | 1.85B | 977.04M |
| Other Revenue | 67.46M | 72.63M | 62.58M | 65.86M | ||
| Revenue | 1.94B | 1.61B | 794.84M | 868.26M | 1.85B | 977.04M |
| Cost of Revenue | 833.88M | 738.75M | 430.25M | 442.08M | 372.04M | 260.69M |
| Gross Profit | 1.11B | 872.70M | 364.59M | 426.19M | 1.47B | 716.35M |
| Selling, General & Admin | 162.12M | 146.63M | 129.75M | 128.63M | 85.22M | 64.21M |
| Other Operating Expenses | -19.09M | -168.94M | 66.20M | -1.06B | 1.78B | 997.52M |
| Operating Expenses | 600.23M | 390.19M | 487.94M | -657.91M | 2.09B | 1.23B |
| Operating Income | 509.32M | 482.51M | -123.36M | 1.08B | -618.85M | -508.76M |
| Interest Expense | -235.75M | -209.83M | -136.61M | -133.58M | -102.18M | -51.09M |
| Interest & Investment Income | 1.10M | |||||
| Currency Exchange Gain (Loss) | -521.00K | -1.23M | ||||
| Other Non Operating Income (Expenses) | 3.41M | 3.27M | 1.24M | 385.00K | 213.00K | 84.00K |
| EBT Excluding Unusual Items | 276.99M | 275.95M | -257.63M | 950.38M | -720.82M | -560.99M |
| Merger & Restructuring Charges | -21.00M | -15.54M | -27.74M | |||
| Gain (Loss) on Sale of Investments | 11.06M | |||||
| Gain (Loss) on Sale of Assets | 143.56M | 73.37M | 26.07M | 28.12M | 2.38M | -901.00K |
| Other Unusual Items | -23.88M | -26.97M | -16.38M | -65.52M | 38.74M | |
| Pretax Income | 396.67M | 301.35M | -247.94M | 989.57M | -799.50M | -550.90M |
| Income Tax Expense | -57.08M | -40.55M | -144.84M | 239.18M | -178.90M | -225.69M |
| Earnings From Continuing Operations | 453.74M | 341.90M | -103.09M | 750.39M | -620.60M | -325.21M |
| Minority Interest in Earnings | -837.00K | -784.00K | -1.27M | -1.68M | -4.81M | -303.00K |
| Net Income | 452.91M | 341.12M | -104.36M | 748.71M | -625.41M | -325.51M |
| Net Income to Common | 452.91M | 341.12M | -104.36M | 748.71M | -625.41M | -325.51M |
| Shares Outstanding (Basic) | 75.44M | 72.97M | 48.03M | 47.17M | 42.20M | 39.68M |
| Shares Outstanding (Diluted) | 78.05M | 74.48M | 48.03M | 47.51M | 42.20M | 39.68M |
| EPS (Basic) | 6.00 | 4.67 | -2.17 | 15.87 | -14.82 | -8.20 |
| EPS (Diluted) | 5.81 | 4.58 | -2.17 | 15.76 | -14.82 | -8.20 |
| Free Cash Flow | -326.23M | -197.43M | -113.78M | -45.15M | 37.01M | -17.32M |
| Free Cash Flow Per Share | -4.18 | -2.65 | -2.37 | -0.95 | 0.88 | -0.44 |
| Dividend Per Share | 1.16 | 1.16 | 1.16 | 2.92 | 3.45 | 3.30 |
| Gross Margin | 57.09% | 54.16% | 45.87% | 49.09% | 79.84% | 73.32% |
| Operating Margin | 26.21% | 29.94% | -15.52% | 124.86% | -33.53% | -52.07% |
| Profit Margin | 23.30% | 21.17% | -13.13% | 86.23% | -33.89% | -33.32% |
| Free Cash Flow Margin | -16.79% | -12.25% | -14.31% | -5.20% | 2.01% | -1.77% |
| EBITDA | 1.01B | 926.74M | 186.01M | 1.37B | -386.60M | -332.34M |
| EBITDA Margin | 51.76% | 57.51% | 23.40% | 158.02% | -20.95% | -34.02% |
| D&A For EBITDA | 496.67M | 444.23M | 309.37M | 287.93M | 232.26M | 176.42M |
| EBIT | 509.32M | 482.51M | -123.36M | 1.08B | -618.85M | -508.76M |
| EBIT Margin | 26.21% | 29.94% | -15.52% | 124.86% | -33.53% | -52.07% |
| Effective Tax Rate | 24.17% | |||||
| Revenue as Reported | 2.02B | 1.83B | 757.29M | 1.95B |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 8.24M | 29.70M | 5.99M | 3.75M | 7.33M | 12.56M |
| Cash & Short-Term Investments | 8.24M | 29.70M | 5.99M | 3.75M | 7.33M | 12.56M |
| Accounts Receivable | 407.82M | 279.83M | 159.10M | 190.21M | 296.78M | 282.92M |
| Other Receivables | 128.56M | 75.32M | ||||
| Receivables | 407.82M | 408.40M | 234.42M | 190.21M | 296.78M | 282.92M |
| Inventory | 27.80M | 9.59M | 7.83M | 9.23M | 9.44M | |
| Prepaid Expenses | 40.12M | 9.37M | 9.08M | 3.96M | 5.25M | 5.13M |
| Restricted Cash | 11.40M | 21.75M | 11.43M | 11.20M | 7.89M | 1.03M |
| Other Current Assets | 83.94M | 153.15M | 33.76M | 87.66M | 27.74M | 26.06M |
| Total Current Assets | 551.52M | 650.16M | 304.26M | 304.60M | 354.22M | 337.14M |
| Property, Plant & Equipment | 5.03B | 5.02B | 3.30B | 2.95B | 3.02B | 2.94B |
| Long-Term Investments | 10.00M | 6.00M | 7.50M | |||
| Other Intangible Assets | 3.22M | 2.90M | 19.35M | 21.10M | 14.13M | |
| Long-Term Deferred Tax Assets | 312.60M | 287.13M | 271.21M | 144.86M | 371.16M | 176.96M |
| Other Long-Term Assets | 220.33M | 196.89M | 77.39M | 51.13M | 65.78M | 21.92M |
| Total Assets | 6.11B | 6.17B | 3.96B | 3.47B | 3.83B | 3.49B |
| Accounts Payable | 129.54M | 81.81M | 35.01M | 49.49M | 90.44M | 61.61M |
| Accrued Expenses | 166.49M | 152.07M | 83.35M | 99.72M | 140.06M | 139.65M |
| Current Portion of Long-Term Debt | 107.14M | 236.55M | 209.46M | 200.82M | 271.10M | 58.82M |
| Current Portion of Leases | 10.96M | 24.17M | 13.78M | 10.56M | 9.29M | 9.63M |
| Current Income Taxes Payable | 53.72M | 33.50M | 50.23M | 41.91M | 53.63M | |
| Other Current Liabilities | 555.73M | 527.37M | 402.01M | 227.62M | 578.84M | 450.26M |
| Total Current Liabilities | 969.85M | 1.08B | 777.11M | 638.44M | 1.13B | 773.60M |
| Long-Term Debt | 2.82B | 2.72B | 1.50B | 1.08B | 1.17B | 951.53M |
| Long-Term Leases | 20.52M | 51.54M | 30.82M | 20.56M | 19.57M | 18.18M |
| Long-Term Deferred Tax Liabilities | 11.90M | 8.01M | 13.65M | 12.49M | ||
| Other Long-Term Liabilities | 1.33B | 1.32B | 1.23B | 1.13B | 1.64B | 1.09B |
| Total Liabilities | 5.15B | 5.17B | 3.54B | 2.88B | 3.97B | 2.83B |
| Common Stock | 713.00K | 769.00K | 14.60M | 12.90M | 11.50M | 11.57M |
| Additional Paid-In Capital | 1.42B | 1.49B | 1.15B | 1.21B | 1.05B | 1.05B |
| Retained Earnings | -468.26M | -507.85M | -759.47M | -547.25M | -1.13B | -362.74M |
| Treasury Stock | -102.47M | -100.83M | -68.54M | |||
| Comprehensive Income & Other | -583.00K | -583.00K | -935.00K | 14.44M | 17.65M | 14.16M |
| Total Common Equity | 950.69M | 984.06M | 400.08M | 585.81M | -152.69M | 647.41M |
| Minority Interest | 10.88M | 10.93M | 11.88M | 12.60M | 14.96M | 16.54M |
| Shareholders' Equity | 961.58M | 994.99M | 411.96M | 598.41M | -137.72M | 663.95M |
| Total Liabilities & Equity | 6.11B | 6.17B | 3.96B | 3.47B | 3.83B | 3.49B |
| Total Debt | 2.96B | 3.03B | 1.75B | 1.31B | 1.47B | 1.04B |
| Net Cash (Debt) | -2.95B | -3.00B | -1.74B | -1.30B | -1.46B | -1.03B |
| Net Cash Per Share | -37.84 | -40.25 | -36.30 | -27.44 | -34.64 | -25.85 |
| Filing Date Shares Outstanding | 70.77M | 76.07M | 51.30M | 47.92M | 41.45M | 42.48M |
| Total Common Shares Outstanding | 71.39M | 76.98M | 51.30M | 47.92M | 41.45M | 42.48M |
| Working Capital | -418.33M | -425.53M | -472.85M | -333.84M | -777.41M | -436.46M |
| Book Value Per Share | 13.32 | 12.78 | 7.80 | 12.22 | -3.68 | 15.24 |
| Tangible Book Value | 950.69M | 980.84M | 397.18M | 566.46M | -173.79M | 633.27M |
| Tangible Book Value Per Share | 13.32 | 12.74 | 7.74 | 11.82 | -4.19 | 14.91 |
| Buildings | 64.64M | 47.46M | 48.26M | 47.68M | 41.68M | |
| Machinery | 49.53M | 50.31M | 103.41M | 96.76M | 55.05M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 452.91M | 341.12M | -104.36M | 748.71M | -625.41M | -325.51M |
| Depreciation & Amortization | 513.55M | 461.11M | 320.46M | 297.22M | 242.50M | 184.09M |
| Other Amortization | 21.23M | 16.14M | ||||
| Loss (Gain) From Sale of Assets | -143.56M | -73.37M | -26.07M | -28.12M | -2.38M | 901.00K |
| Stock-Based Compensation | 15.40M | 10.40M | 8.29M | 6.49M | 8.05M | 7.40M |
| Other Operating Activities | -282.65M | -219.00M | 69.00M | -639.16M | 605.04M | 396.48M |
| Change in Accounts Receivable | -51.55M | 2.59M | -18.64M | 107.27M | 13.76M | -126.96M |
| Change in Accounts Payable | 32.51M | -16.97M | -17.52M | -38.33M | 132.35M | 162.49M |
| Change in Other Net Operating Assets | 20.39M | -41.27M | -10.49M | -162.65M | -7.37M | 5.15M |
| Operating Cash Flow | 557.00M | 464.62M | 220.65M | 291.43M | 387.76M | 320.18M |
| Capital Expenditures | -883.23M | -662.04M | -334.44M | -336.58M | -350.75M | -337.50M |
| Sale of Property, Plant & Equipment | 12.19M | 2.66M | ||||
| Cash Acquisitions | -329.71M | -47.90M | -379.09M | |||
| Divestitures | 357.42M | 171.59M | 68.72M | 92.49M | 86.22M | |
| Other Investing Activities | -1.05M | -2.62M | ||||
| Investing Cash Flow | -525.80M | -820.17M | -266.76M | -246.71M | -386.46M | -627.71M |
| Long-Term Debt Issued | 3.17B | 1.84B | 1.54B | 2.59B | 1.73B | |
| Long-Term Debt Repaid | -2.45B | -1.67B | -1.56B | -2.15B | -1.44B | |
| Lease Payments | -19.92M | -15.82M | -12.47M | -10.26M | -10.21M | -7.56M |
| Net Debt Issued (Repaid) | 231.37M | 723.42M | 178.81M | -20.94M | 437.66M | 287.62M |
| Issuance of Common Stock | 117.47M | 156.79M | 213.84M | |||
| Repurchase of Common Stock | -145.84M | -99.45M | -21.13M | -11.05M | -34.69M | |
| Common Dividends Paid | -88.22M | -85.00M | -83.86M | -168.04M | -143.46M | -130.24M |
| Other Financing Activities | -52.02M | -208.03M | -15.45M | -24.20M | -266.05M | -52.52M |
| Financing Cash Flow | -54.71M | 448.40M | 58.37M | -67.44M | -6.54M | 318.71M |
| Net Cash Flow | -23.52M | 92.85M | 12.25M | -22.72M | -5.23M | 11.18M |
| Free Cash Flow | -326.23M | -197.43M | -113.78M | -45.15M | 37.01M | -17.32M |
| Free Cash Flow Margin | -16.79% | -12.25% | -14.31% | -5.20% | 2.01% | -1.77% |
| Free Cash Flow Per Share | -4.18 | -2.65 | -2.37 | -0.95 | 0.88 | -0.44 |
| Levered Free Cash Flow | -81.78M | -81.20M | -38.78M | 183.07M | -405.84M | -132.65M |
| Unlevered Free Cash Flow | 65.56M | 49.95M | 46.60M | 266.56M | -355.88M | -108.91M |
| Free Cash Flow After Leases | -346.14M | -213.24M | -126.26M | -55.41M | 26.80M | -24.88M |
| Cash Interest Paid | 231.18M | 201.31M | 123.14M | 116.78M | 83.96M | 42.67M |
| Cash Income Tax Paid | 9.95M | 3.48M | 11.42M | 8.26M | 26.31M | 10.88M |
| Change in Working Capital | 1.34M | -55.64M | -46.66M | -93.70M | 138.74M | 40.68M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 972.37M | 1.14B | 861.77M | 718.86M | 1.18B | 1.23B |
| Enterprise Value | 3.93B | 3.89B | 2.57B | 2.27B | 2.37B | 1.89B |
| Last Close Price | 13.74 | 13.62 | 14.86 | 12.13 | 22.64 | 23.45 |
| PE Ratio | 2.37 | 3.36 | 0.96 | |||
| Forward PE | 1.48 | 5.39 | 9.03 | 121.95 | 148.31 | 157.95 |
| PS Ratio | 0.50 | 0.71 | 1.08 | 0.83 | 0.64 | 1.26 |
| PB Ratio | 1.03 | 1.15 | 2.09 | 1.20 | -8.57 | 1.86 |
| P/TBV Ratio | 1.02 | 1.17 | 2.17 | 1.27 | 1.95 | |
| P/FCF Ratio | 31.89 | |||||
| P/OCF Ratio | 1.75 | 2.46 | 3.91 | 2.47 | 3.04 | 3.85 |
| EV/Sales Ratio | 2.02 | 2.42 | 3.23 | 2.61 | 1.28 | 1.93 |
| EV/EBITDA Ratio | 3.90 | 4.20 | 13.81 | 1.65 | ||
| EV/EBIT Ratio | 7.71 | 8.07 | 2.09 | |||
| EV/FCF Ratio | 64.00 | |||||
| Debt / Equity Ratio | 3.08 | 3.04 | 4.25 | 2.19 | -10.67 | 1.56 |
| Debt / EBITDA Ratio | 2.27 | 3.10 | 7.98 | 0.95 | ||
| Debt / FCF Ratio | 39.69 | |||||
| Net Debt / Equity Ratio | 3.07 | 3.01 | 4.23 | 2.18 | -10.61 | 1.54 |
| Net Debt / EBITDA Ratio | 2.94 | 3.23 | 9.37 | 0.95 | -3.78 | -3.09 |
| Net Debt / FCF Ratio | -9.05 | -15.19 | -15.32 | -28.88 | 39.50 | -59.20 |
| Asset Turnover | 0.33 | 0.32 | 0.21 | 0.24 | 0.50 | 0.34 |
| Inventory Turnover | 39.51 | 49.40 | 51.84 | 39.85 | 33.09 | |
| Quick Ratio | 0.43 | 0.41 | 0.31 | 0.30 | 0.27 | 0.38 |
| Current Ratio | 0.57 | 0.60 | 0.39 | 0.48 | 0.31 | 0.44 |
| Return on Equity (ROE) | 53.72% | 48.60% | -20.41% | 325.77% | -235.87% | -41.95% |
| Return on Assets (ROA) | 5.41% | 5.96% | -2.08% | 18.55% | -10.56% | -10.99% |
| Return on Invested Capital (ROIC) | 13.59% | 15.70% | -6.08% | 35.73% | -28.20% | -30.73% |
| Return on Capital Employed (ROCE) | 9.90% | 9.50% | -3.90% | 38.20% | -22.90% | -18.70% |
| Earnings Yield | 42.26% | 29.80% | -12.11% | 104.15% | -52.99% | -26.42% |
| FCF Yield | -33.55% | -17.25% | -13.20% | -6.28% | 3.14% | -1.41% |
| Dividend Yield | 8.44% | 7.80% | 6.91% | 19.43% | 12.12% | 11.38% |
| Payout Ratio | 19.98% | 24.92% | 22.44% | |||
| Buyback Yield / Dilution | -32.65% | -55.06% | -1.09% | -12.58% | -6.37% | -15.82% |
| Total Shareholder Return | -24.21% | -47.26% | 5.82% | 6.85% | 5.75% | -4.44% |