Diversified Energy Co
For the period ended Sep 30, 2026. Filed Nov 4, 2026.
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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.
Sep 30, 2026 · Filed Nov 4, 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 Cash Flows
Condensed Consolidated Statements of Cash Flows (Unaudited)
| Nine Months Ended | ||
|---|---|---|
| (In thousands) | September 30, 2026 | September 30, 2025 |
| Cash flows from operating activities: | ||
| Net income (loss) | $(115,274) | $146,347 |
| Adjustments to reconcile net income (loss) to cash flows from operating activities: | ||
| Depreciation, depletion and amortization | 317,127 | 258,430 |
| Accretion of asset retirement obligations | 40,100 | 29,425 |
| Income tax (benefit) expense | (145,134) | (42,021) |
| (Gain) loss on derivatives | 635,718 | 4,165 |
| Cash proceeds (payments) on settlement of derivatives | (241,886) | 3,956 |
| Settlement of asset retirement costs | (38,612) | (17,805) |
| (Gain) loss on natural gas and oil properties and equipment | (151,749) | (78,174) |
| (Income) loss from equity affiliate | 37,267 | — |
| Distributions received from equity affiliate | 6,571 | — |
| Loss on debt extinguishment | 24,643 | 26,971 |
| Non-cash share-based compensation | 14,440 | 7,361 |
| Other | 32,139 | 21,180 |
| Changes in working capital: | ||
| Accounts receivable, net | (92,387) | 57,641 |
| Other assets | (13,997) | (3,342) |
| Accounts payable | 43,118 | (69,556) |
| Other liabilities | 41,221 | (62,199) |
| Net cash provided by operating activities | $393,305 | $282,379 |
| Cash flows from investing activities: | ||
| Consideration for business acquisitions, net of cash acquired | $— | $(329,709) |
| Consideration for asset acquisitions, net of cash acquired | (481,916) | (49,989) |
| Proceeds from divestitures | 283,528 | 149,487 |
| Capital expenditures | (137,674) | (137,500) |
| Purchase of equity method investment | (55,827) | — |
| Net cash used in investing activities | $(391,889) | $(367,711) |
| Cash flows from financing activities: | ||
| Repayment of borrowings | $(2,727,588) | $(2,052,603) |
| Proceeds from borrowings | 2,885,009 | 2,448,133 |
| Prepayment charge on early retirement of debt | (24,985) | — |
| Debt issuance costs | (15,456) | (31,301) |
| Hedge modifications associated with ABS Notes | (7,955) | (171,134) |
| Proceeds from equity issuance, net | — | 117,468 |
| Principal element of lease payments | (17,819) | (10,805) |
| Dividends to stockholders | (63,560) | (62,258) |
| Distributions to noncontrolling interest owners | (1,293) | (1,362) |
| Repurchases of common stock (stock repurchase program) | (94,680) | (43,519) |
| Repurchases of common stock by the EBT, net | — | (12,771) |
| Net cash provided by (used in) financing activities | $(68,327) | $179,848 |
| Net change in cash, cash equivalents and restricted cash | (66,911) | 94,516 |
| Cash, cash equivalents and restricted cash, beginning of period | 145,110 | 52,259 |
| Cash, cash equivalents and restricted cash, end of period | $78,199 | $146,775 |
| Cash and cash equivalents | 5,794 | 43,102 |
| Restricted cash | 72,405 | 103,673 |
| Total cash, cash equivalents and restricted cash | $78,199 | $146,775 |
| Table of Contents | Notes to the Condensed Consolidated Financial Statements (Unaudited) | Diversified Energy |
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