Diversified Energy Co
For the period ended Mar 31, 2026. Filed May 6, 2026.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2026 · Filed May 6, 2026
DEC$13.40+3.8%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Condensed Consolidated Statements of Comprehensive Income (Loss)
Condensed Consolidated Statements of Comprehensive Income (Loss) (Unaudited)
| (In thousands, except share and per share data) | For the Three Months Ended | |
|---|---|---|
| March 31, 2026 | March 31, 2025 | |
| Revenue | ||
| Natural gas | $314,149 | $228,510 |
| NGLs | 60,959 | 48,094 |
| Oil | 181,099 | 52,815 |
| Total commodity revenue | $556,207 | $329,419 |
| Gain (loss) on derivatives | (548,383) | (284,284) |
| Midstream | 11,764 | 10,598 |
| Other | 7,556 | 6,782 |
| Total revenue | $27,144 | $62,515 |
| Operating expense | ||
| Lease operating expense | $(132,968) | $(73,439) |
| Production taxes | (30,491) | (16,433) |
| Midstream operating expense | (20,236) | (18,636) |
| Transportation expense | (28,568) | (26,719) |
| Accretion of asset retirement obligation | (13,248) | (8,358) |
| General and administrative expense | (41,708) | (34,086) |
| Depreciation, depletion and amortization | (108,565) | (74,646) |
| Gain (loss) on natural gas and oil properties and equipment | 98,077 | 1,689 |
| Total operating expense | $(277,707) | $(250,628) |
| Income (loss) from operations | $(250,563) | $(188,113) |
| Other income (expense) | ||
| Interest expense | $(63,412) | $(42,712) |
| Loss on debt extinguishment | — | (26,971) |
| Other income (expense) | 548 | 268 |
| Income (loss) before taxation | $(313,427) | $(257,528) |
| Income tax benefit (expense) | 152,762 | (65,292) |
| Net income (loss) | $(160,665) | $(322,820) |
| Other comprehensive income (loss) | — | (210) |
| Total comprehensive income (loss) | $(160,665) | $(323,030) |
| Net income (loss) attributable to: | ||
| DEC | $(160,617) | $(323,198) |
| Noncontrolling interest | (48) | 378 |
| Net income (loss) | $(160,665) | $(322,820) |
| Earnings (loss) per share attributable to DEC | ||
| Basic | $(2.13) | $(5.52) |
| Diluted | $(2.13) | $(5.52) |
| Weighted average shares outstanding | ||
| Basic | 75,255,211 | 58,595,436 |
| Diluted | 75,255,211 | 58,595,436 |
| Table of Contents | Condensed Consolidated Financial Statements (Unaudited) | Diversified Energy Company |
|---|
Condensed Consolidated Statements of Changes in Stockholders’ Equity (Unaudited)
| Common Stock | ||||||||
|---|---|---|---|---|---|---|---|---|
| Shares | Amount | Additional Paid in Capital | Accumulated Other Comprehensive Income (Loss) | Retained Earnings (Accumulated Deficit) | Total Stockholders' Equity Attributable to DEC | Noncontrolling Interest | Total Stockholders' Equity | |
| Balance as of December 31, 2024 | 50,649,844 | $14,595 | $1,145,889 | $(935) | $(759,471) | $400,078 | $11,879 | $411,957 |
| Net income (loss) | — | — | — | — | (323,198) | (323,198) | 378 | (322,820) |
| Other comprehensive income (loss) | — | — | — | (210) | — | (210) | — | (210) |
| Issuances of common stock | 29,694,213 | 7,619 | 363,092 | — | — | 370,711 | — | 370,711 |
| Repurchases of common stock | (169,194) | — | (2,273) | — | — | (2,273) | — | (2,273) |
| Share-based compensation | 211,887 | — | 3,540 | — | (1,262) | 2,278 | — | 2,278 |
| Dividends declared | — | — | 17,153 | — | (17,153) | — | — | — |
| Distributions to noncontrolling interest owners | — | — | — | — | — | — | (250) | (250) |
| Balance as of March 31, 2025 | 80,386,750 | $22,214 | $1,527,401 | $(1,145) | $(1,101,084) | $447,386 | $12,007 | $459,393 |
| Balance as of December 31, 2025 | 76,979,625 | $769 | $1,491,719 | $(583) | $(507,847) | $984,058 | $10,932 | $994,990 |
| Net income (loss) | — | — | — | — | (160,617) | (160,617) | (48) | (160,665) |
| Other comprehensive income (loss) | — | — | — | — | — | — | — | — |
| Repurchases of common stock | (5,033,364) | (50) | (70,679) | — | — | (70,729) | — | (70,729) |
| Share-based compensation | 377,210 | 4 | 5,503 | — | (2,407) | 3,100 | — | 3,100 |
| Dividends declared | — | — | (387) | — | (22,061) | (22,448) | — | (22,448) |
| Distributions to noncontrolling interest owners | — | — | — | — | — | — | (294) | (294) |
| Balance as of March 31, 2026 | 72,323,471 | $723 | $1,426,156 | $(583) | $(692,932) | $733,364 | $10,590 | $743,954 |
| Table of Contents | Condensed Consolidated Financial Statements (Unaudited) | Diversified Energy Company |
|---|
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.