Login
Companies $DEC
$14.44 -$0.25 (1.7%) Close
Diversified Energy Co logo

Diversified Energy Co

div.energy

What Do They Do?

Produces, transports and markets natural gas, natural gas liquids and oil for a range of customers.

How Do They Make Money?

Commodities account for 95% of revenue; the company sells natural gas, NGLs and oil, with sales tied to delivery at a vessel, pipe or sales meter. Gathering, transportation, plugging and water-disposal services earn revenue as performed.

revenue
SegmentShareRevenue
Commodities
Sold outright

95%
Midstream
Usage-based
2.5%
Other
2.0%

Who Are Their Customers?

Sells natural gas, NGLs and oil to a variety of customers, generally under month-to-month contracts at prevailing market prices.

Do Revenues Turn Into Profits?

Yes. It kept 19 cents of every revenue dollar as net income in FY2025 and turned 15 cents into free cash flow.

Operating income, FY2025
29% of revenue
▲ Now profitable vs FY2024 (−$97.1M, −13%)
Net income, FY2025
19% of revenue
▲ Now profitable vs FY2024 (−$104.4M, −14%)
Free cash flow, FY2025
15% of revenue
▲ +66% vs FY2024 ($168.7M, 22%)

How Are They Changing?

Since the FY2025 annual report
Latest quarter: Q2 FY2026, the three months to Jun 30, 2026
Revenue
▲ +38%
vs $586.7M in Q2 FY2025
Net income
▼ −17%
vs $297.7M in Q2 FY2025
Commodities share of revenue vs 94.5% in Q2 FY2025
  • Sep 2, 2026 Agreed to acquire Birch Permian and affiliated companies The planned purchase includes acreage, producing wells, and midstream and water infrastructure.
  • Aug 10, 2026 CEO Robert Hutson became chair after David Johnson resigned Johnson's resignation was effective immediately.
  • Jul 6, 2026 Completed the Camino acquisition in Oklahoma Carlyle funded 60% of the Developed Assets purchase price in exchange for a 60% ownership interest in the assets' parent company.
Revenue over time
Commodities Midstream Other
$2B$1B$0

Create Account

Sign up for free to unlock this feature.

Already have an account? Sign in

Premium Feature

This feature requires a premium subscription to unlock unlimited historical data and advanced analysis tools.

Premium includes:

  • Unlimited historical financial data
  • Advanced analytics and insights
  • Priority support