# Diversified Energy Co: overview

DEC · NYSE · CIK 1922446 · [Energy](/sectors/energy.md) · fiscal year ends Dec 31

Pages: [Overview](/companies/dec.md) · [Financials](/companies/dec/financials.md) · [Filings](/companies/dec/filings.md) · [Insiders](/companies/dec/insiders.md)

Latest reported revenue: [$811.9m](/filings/0001922446-26-000067.md) for Q2 FY2026, three months to 2026-06-30, from the 10-Q filed Aug 5, 2026 (XBRL us-gaap:Revenues, accession 0001922446-26-000067).

## Last eight quarters

| Line item | Unit | period not labelled (2025-03-31) | period not labelled (2025-06-30) | period not labelled (2025-09-30) | Q4 FY2025 (2025-12-31) | Q1 FY2026 (2026-03-31) | Q2 FY2026 (2026-06-30) |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [62.5](/filings/0001922446-26-000039.md) | [587](/filings/0001922446-26-000067.md) | [500](/filings/0001922446-26-000020.md) | [667](/filings/0001922446-26-000020.md) | [27.1](/filings/0001922446-26-000039.md) | [812](/filings/0001922446-26-000067.md) |
| Gross margin | % | not reported | not reported | not reported | not reported | not reported | not reported |
| Operating margin | % | [(300.9%)](/filings/0001922446-26-000039.md) | [49.7%](/filings/0001922446-26-000067.md) | [36.2%](/filings/0001922446-26-000020.md) | [37.6%](/filings/0001922446-26-000020.md) | [(923.1%)](/filings/0001922446-26-000039.md) | [58.1%](/filings/0001922446-26-000067.md) |
| Net margin | % | [(517.0%)](/filings/0001922446-26-000039.md) | [50.7%](/filings/0001922446-26-000067.md) | [34.2%](/filings/0001922446-26-000020.md) | [29.3%](/filings/0001922446-26-000020.md) | [(591.7%)](/filings/0001922446-26-000039.md) | [30.4%](/filings/0001922446-26-000067.md) |
| Diluted EPS | $ per share | [(5.52)](/filings/0001922446-26-000039.md) | [3.67](/filings/0001922446-26-000067.md) | [2.14](/filings/0001922446-26-000020.md) | [2.48](/filings/0001922446-26-000020.md) | [(2.13)](/filings/0001922446-26-000039.md) | [3.31](/filings/0001922446-26-000067.md) |
| Free cash flow | $m | [56.8](/filings/0001922446-26-000039.md) | [19.0 d](/filings/0001922446-26-000067.md) | not reported | not reported | [111](/filings/0001922446-26-000039.md) | [48.4 d](/filings/0001922446-26-000067.md) |

- Revenue. XBRL Revenue: us-gaap:Revenues.
- Gross margin (gross profit / revenue). XBRL Revenue: us-gaap:Revenues.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:Revenues.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:Revenues.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment. Derived values: 6-month figure less the 3-month figure.

## Last five fiscal years

| Line item | Unit | FY (2021-12-31) | FY (2022-12-31) | FY2023 (2023-12-31) | FY2024 (2024-12-31) | FY2025 (2025-12-31) |
| --- | --- | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [1,008](/filings/0001628280-24-011847.md) | [1,919](/filings/0001922446-25-000003.md) | [1,949](/filings/0001922446-26-000020.md) | [757](/filings/0001922446-26-000020.md) | [1,829](/filings/0001922446-26-000020.md) |
| Gross margin | % | [54.5%](/filings/0001628280-24-011847.md) | [65.2%](/filings/0001922446-25-000003.md) | [10.4%](/filings/0001922446-25-000003.md) | [14.5%](/filings/0001922446-25-000003.md) | not reported |
| Operating margin | % | [(46.4%)](/filings/0001628280-24-011847.md) | [(35.0%)](/filings/0001922446-25-000003.md) | [56.9%](/filings/0001922446-26-000020.md) | [(12.8%)](/filings/0001922446-26-000020.md) | [29.2%](/filings/0001922446-26-000020.md) |
| Net margin | % | [(32.3%)](/filings/0001628280-24-011847.md) | [(32.6%)](/filings/0001922446-25-000003.md) | [38.4%](/filings/0001922446-26-000020.md) | [(13.8%)](/filings/0001922446-26-000020.md) | [18.6%](/filings/0001922446-26-000020.md) |
| Diluted EPS | $ per share | [(8.20)](/filings/0001628280-24-011847.md) | [(14.82)](/filings/0001922446-25-000003.md) | [15.76](/filings/0001922446-26-000020.md) | [(2.17)](/filings/0001922446-26-000020.md) | [4.58](/filings/0001922446-26-000020.md) |
| Free cash flow | $m | not reported | not reported | [217](/filings/0001922446-26-000020.md) | [169](/filings/0001922446-26-000020.md) | [280](/filings/0001922446-26-000020.md) |

- Revenue. XBRL Revenue: ifrs-full:Revenue; Revenue: us-gaap:Revenues.
- Gross margin (gross profit / revenue). XBRL Gross profit: ifrs-full:GrossProfit; Revenue: ifrs-full:Revenue; Revenue: us-gaap:Revenues.
- Operating margin (operating income / revenue). XBRL Operating income: ifrs-full:ProfitLossFromOperatingActivities; Revenue: ifrs-full:Revenue; Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:Revenues.
- Net margin (net income / revenue). XBRL Net income: ifrs-full:ProfitLossAttributableToOwnersOfParent; Revenue: ifrs-full:Revenue; Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:Revenues.
- Diluted EPS. XBRL Diluted EPS: ifrs-full:DilutedEarningsLossPerShare; Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: ifrs-full:CashFlowsFromUsedInOperatingActivities; Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment.

Each value links to the filing it came from. d marks a derived value. A ratio is not reported when any input is missing.

## Insider purchases and sales

The last 20 open-market transactions on Form 4 (codes P and S). Reported price is as stated on the form, not a market price. [All insider transactions](/companies/dec/insiders.md)

None in coverage.

## Funds that report holding it

From each manager’s latest Form 13F, largest reported value first. Reported value is as filed: filing data, not a price. [All funds](/funds.md)

| Fund | Quarter ended | Reported value | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | --- | --- |
| [BlackRock, Inc.](/funds/2012383.md) | 2026-06-30 | $80.0m | 5,774,418 |  | Added +852,555 |
| [Artemis Investment Management LLP](/funds/1535385.md) | 2026-06-30 | $78.5m | 5,677,235 |  | Added +232,357 |
| [AMERIPRISE FINANCIAL INC](/funds/820027.md) | 2026-06-30 | $63.3m | 4,570,807 |  | Added +50,535 |
| [STATE STREET CORP](/funds/93751.md) | 2026-06-30 | $43.4m | 3,133,776 |  | Added +1,892,420 |
| [JUPITER ASSET MANAGEMENT LTD](/funds/1215838.md) | 2026-06-30 | $42.9m | 3,129,540 |  | Reduced −39,019 |
| [Tejara Capital Ltd](/funds/1879713.md) | 2026-06-30 | $25.3m | 1,828,668 |  | Added +158,837 |
| [M&G PLC](/funds/1802539.md) | 2026-06-30 | $24.6m | 1,759,706 |  | Unchanged |
| [GEODE CAPITAL MANAGEMENT, LLC](/funds/1214717.md) | 2026-06-30 | $23.6m | 1,699,673 |  | Added +219,467 |
| [Man Group plc](/funds/1637460.md) | 2026-06-30 | $23.0m | 1,677,344 |  | Reduced −360,865 |
| [CITADEL ADVISORS LLC](/funds/1423053.md) | 2026-06-30 | $19.2m | 1,388,337 |  | Reduced −142,698 |

## Recent filings

[All 239 filings](/companies/dec/filings.md)

| Filed | Accepted | Form | What it is | Accession |
| --- | --- | --- | --- | --- |
| 2026-09-18 | 23:50 ET | [8-K/A](/filings/0001922446-26-000095.md) | 9.01 Financial statements and exhibits | 0001922446-26-000095 |
| 2026-09-09 | 20:46 ET | [8-K](/filings/0001922446-26-000086.md) | 1.01 Entry into a material agreement; 9.01 Financial statements and exhibits | 0001922446-26-000086 |
| 2026-09-03 | 10:07 ET | [8-K](/filings/0001922446-26-000083.md) | 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0001922446-26-000083 |
| 2026-08-14 | 12:16 ET | [8-K](/filings/0001922446-26-000077.md) | 7.01 Regulation FD disclosure | 0001922446-26-000077 |
| 2026-08-10 | 21:09 ET | [8-K](/filings/0001922446-26-000073.md) | 5.02 Departure or appointment of officers or directors; 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0001922446-26-000073 |
| 2026-08-05 | 20:35 ET | [8-K](/filings/0001922446-26-000070.md) | 2.02 Results of operations; 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0001922446-26-000070 |
| 2026-08-05 | 20:27 ET | [10-Q](/filings/0001922446-26-000067.md) | Quarterly report, period 2026-06-30 | 0001922446-26-000067 |
| 2026-07-14 | 21:24 ET | [8-K/A](/filings/0001922446-26-000061.md) | 9.01 Financial statements and exhibits | 0001922446-26-000061 |
| 2026-07-06 | 20:29 ET | [8-K](/filings/0001922446-26-000057.md) | 1.01 Entry into a material agreement; 2.01 Completion of an acquisition or disposition; 2.03 New direct financial obligation; 9.01 Financial statements and exhibits | 0001922446-26-000057 |
| 2026-05-21 | 20:43 ET | [8-K](/filings/0001922446-26-000053.md) | 5.02 Departure or appointment of officers or directors; 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0001922446-26-000053 |

## Latest annual report

[Form 10-K for the fiscal year ended Dec 31, 2025](/filings/0001922446-26-000020.md), filed Feb 26, 2026.

## Forecast league

Q3 FY2026, the quarter ended 2026-09-30, is open for forecasts until the first results filing for it is accepted by EDGAR. Results are due by \[object Promise\]. [Forecast this quarter](/leagues/2026q3/targets/11bf9066-2c6d-4c25-a84f-1b2f357edb29)

## About the filer

- CIK: 1922446
- Tickers: DEC
- Exchange: NYSE
- SIC code: 1311 Crude Petroleum & Natural Gas
- State of incorporation: DE
- Filer category: Large accelerated filer

Source: SEC EDGAR, XBRL company facts, the filing index and Forms 4. Last ingested by Listed: Oct 24, 2026, 15:50 ET. No prices; not investment advice.