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Diversified Energy
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Diversified Energy

DEC

Diversified Energy Company is an independent energy firm focused on the production, transportation, and marketing of natural gas, natural gas liquids, and oil.

Market cap
$923.57M+3.5%
Revenue$1.8B+185%
Net income$503.7M+225%
Free cash flow$251.8M+30.6%
EPS (diluted)$6.16+186%
Trailing twelve months · change vs. prior year

Earnings

Next report

Aug 5, 2026 (in a month)
Revenue estimate$497.1M
EPS estimate$0.41

Financials

Q1 2026

Income statement

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Revenue$27.1M-56.6%
Operating income-$250.6M-33.2%
Net income-$160.6M+50.3%
EPS (diluted)-$2.13+61.4%

Balance sheet

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Cash & equivalents$155.5M+12.2%
Total debt$2.9B
Total equity$733.4M+59.6%
Total assets$6.2B

Cash flow

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Operating cash flow$168.7M+98.8%
CapEx$58.0M+107%
Free cash flow$110.7M+94.8%

Valuation & ratios

Valuation

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Market cap$923.57M+3.5%
Enterprise value$3.66B
P/E1.8×
P/S0.5×-0.9×

Profitability

See full
Operating margin26.3%+16.4pp
Net margin28.1%+16.6pp

Returns & leverage

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Return on equity84.5%
Debt / equity3.9×
Current ratio0.5×

Segments

By product

See full
Natural gas (Mmbtu)$314.1M+37.5%
Oil$181.1M+243%
NGLs (MBbls)$61.0M+26.7%
Midstream$11.8M+11.0%

Competitors

Profile

Diversified Energy Company is an independent energy firm focused on the production, transportation, and marketing of natural gas, natural gas liquids, and oil. The company specializes in a full-lifecycle asset management strategy that emphasizes the acquisition and optimization of mature, long-life producing assets. By leveraging advanced monitoring and a vertically integrated asset retirement program, the company aims to maximize value from existing reserves while maintaining operational efficiency.

Competitive position

A leading consolidator of mature, low-decline energy assets with a unique focus on operational optimization rather than high-risk exploration.

GeographiesUnited States, Appalachia, Texas, Oklahoma, Louisiana
Customer segmentsUtilities, Industrial, Energy Wholesalers
Business modelAsset-heavy, Vertically Integrated, Acquisition-led Growth
SuppliersOilfield service providers, Equipment manufacturers, Data analytics and monitoring technology providers, Financial institutions for hedging and ABS financing
CustomersRegional utility companies, Natural gas distribution companies, Petrochemical manufacturers, Refineries
Listed2018
Employees1.6K
CEORobert Russell Hutson Jr.
SectorEnergy
IndustryEnergy
Websitediv.energy
FilingsSEC EDGAR

Questions, answered.

What is Diversified Energy 's market cap?
Diversified Energy (DEC) has a market capitalization of $923.6M and trades on NYSE.
What is Diversified Energy 's revenue and profitability?
Diversified Energy generated $1.8B in trailing twelve-month revenue with net income of $503.7M, representing a net margin of 28.1%, with free cash flow of $251.8M. These figures are based on the Q1 2026 filing.
Who are Diversified Energy 's competitors?
Diversified Energy 's key competitors include Antero Resources, EQT Corporation, Sable Offshore Corp., and others. These companies compete in similar markets and product categories.
Who does Diversified Energy partner with?
Diversified Energy 's notable partners include OneNexus, Netherland, Sewell & Associates, Inc..
What subsidiaries does Diversified Energy have?
Diversified Energy 's subsidiaries include Canvas Energy Inc., Maverick Natural Resources, LLC, Diversified ABS Phase X LLC.
Where is Diversified Energy headquartered?
Diversified Energy is headquartered in United States of America and employs approximately 1,603 people. It has been publicly traded since 2018.