Diversified Energy Company (DEC) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Nov 6, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-Q for Q3 FY2026, filed Nov 4, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the DEC SEC filings page.
Diversified Energy Company (DEC) reported $1.6B in revenue over the twelve months to Sep 30, 2026. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 3 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
The business can generate cash when revenue recovers, but expansion arrives with heavier leverage and tight short-term balance-sheet coverage.
In FY2025, operating cash flow reached$464.6M against net income of$341.1M , showing that reported earnings converted into cash. Free cash flow was$280M after capital spending equal to39.7% of operating cash flow, so cash conversion was real but reinvestment absorbed a substantial share of internally generated cash.
Operating margin moved from
Debt/equity fell from 3.7x to 2.8x as equity expanded sharply. Liabilities still equaled
Financial Health Signals
Scored against energy companies for FY2025. Each of the six dimensions is a percentile rank within that peer group, and the overall is the average of the dimensions that can be computed. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Diversified Energy Company's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Diversified Energy Company has an operating margin of 29.3%, meaning the company retains $29 of operating profit per $100 of revenue. This results in a moderate score of 56/100, indicating healthy but not exceptional operating efficiency. This is up from -12.8% the prior year.
Diversified Energy Company's revenue surged 141.5% year-over-year to $1.8B, reflecting rapid business expansion. This strong growth earns a score of 38/100.
Diversified Energy Company has elevated debt relative to equity (D/E of 2.76), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 24/100, reflecting increased financial risk.
Diversified Energy Company's current ratio of 0.60 is below the typical benchmark, resulting in a score of 10/100. This tight liquidity could limit financial flexibility if cash inflows slow.
Diversified Energy Company converts 15.3% of revenue into free cash flow ($280.0M). This strong cash generation earns a score of 79/100.
Diversified Energy Company generates a 34.7% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 27/100. This is up from -26.1% the prior year.
Diversified Energy Company scores 0.49, below the 1.81 distress threshold. The score is pulled down most by an accumulated deficit of $507.8M against total assets of $6.2B. This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Diversified Energy Company passes 6 of 7 computable financial strength tests (2 of the nine could not be computed from available data). All 4 profitability signals pass (positive income, cash flow, and earnings quality), 1 of 2 leverage/liquidity signals pass, the one computable operating efficiency signal (asset turnover improving) passes.
For every $1 of reported earnings, Diversified Energy Company generates $1.36 in operating cash flow ($464.6M OCF vs $341.1M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Diversified Energy Company earns $2.46 in operating income for every $1 of interest expense ($535.0M vs $217.6M). This adequate coverage means the company can meet its interest obligations, but has limited cushion if earnings fall.
Key Financial Metrics
Earnings & Revenue
Diversified Energy Company generated $108.5M in revenue in Q3 2026. This represents a decrease of 78.3% from the same quarter a year earlier. Against the prior quarter it is down 86.6%.
Diversified Energy Company's EBITDA was -$130.1M in Q3 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 147.8% from the same quarter a year earlier. Against the prior quarter it is down 122.6%.
Diversified Energy Company reported a net loss of $202.4M in Q3 2026. This represents a decrease of 218.3% from the same quarter a year earlier. Against the prior quarter it is down 182.0%.
Diversified Energy Company earned -$2.86 per diluted share (EPS) in Q3 2026. This represents a decrease of 233.6% from the same quarter a year earlier. Against the prior quarter it is down 186.4%.
Cash & Balance Sheet
Diversified Energy Company generated $96.5M in free cash flow in Q3 2026, representing cash available after capex. This represents an increase of 39.8% from the same quarter a year earlier. Against the prior quarter it is up 99.4%.
Diversified Energy Company held $5.8M in cash against $3.0B in long-term debt as of Q3 2026.
Not reported for Q3 2026.
Margins & Returns
Diversified Energy Company's quarterly ROE was -28.0% in Q3 2026: one quarter's net income over shareholder equity, not annualized. Against the prior quarter it is down 54.0 percentage points.
Not reported for Q3 2026.
Not shown for Q3 2026: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Not shown for Q3 2026: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Capital Allocation
Diversified Energy Company invested $39.3M in capex in Q3 2026, funding long-term assets and infrastructure. This represents a decrease of 18.6% from the same quarter a year earlier. Against the prior quarter it is down 2.7%.
Not reported for Q3 2026.
Not reported for Q3 2026.
DEC Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K |
|---|---|---|---|---|---|---|---|---|
| Revenue | $108.5M-78.3% | $811.9M+38.4% | $27.1M-56.6% | $666.5M | $499.8M | $586.7M | $62.5M | N/A |
| SG&A Expenses | $36.9M+5.2% | $43.5M-23.2% | $41.7M+22.4% | N/A | $35.1M | $56.7M | $34.1M | N/A |
| Operating Income | -$235.3M-230.1% | $471.8M+61.9% | -$250.6Mn/m | $250.9M | $180.9M | $291.4M | -$188.1M | N/A |
| EBITDA | -$130.1M-147.8% | $575.2M+49.8% | -$142.0Mn/m | $404.9M | $272.0M | $384.1M | -$113.5M | N/A |
| Interest Expense | $63.7M+9.8% | $62.7M+8.5% | $64.2M+49.6% | N/A | $58.0M | $57.8M | $42.9M | N/A |
| Income Tax | -$132.1Mn/m | $139.7Mn/m | -$152.8M-334.0% | N/A | -$45.5M | -$61.8M | $65.3M | N/A |
| Net Income | -$202.4M-218.3% | $246.9M-17.1% | -$160.6Mn/m | $195.5M | $171.1M | $297.7M | -$323.2M | N/A |
| EPS (Basic) | -$2.86-228.8% | $3.42-9.3% | -$2.13n/m | $2.54 | $2.22 | $3.77 | -$5.52 | N/A |
| EPS (Diluted) | -$2.86-233.6% | $3.31-9.8% | -$2.13n/m | $2.48 | $2.14 | $3.67 | -$5.52 | N/A |
| Diluted Shares (Avg) | 71M-11.3% | 75M-7.9% | 75M+28.4% | N/A | 80M | 81M | 59M | N/A |
Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses.
DEC Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $6.5B | $6.1B | $6.2B | $6.2B+55.9% | N/A | N/A | N/A | $4.0B |
| Current Assets | $661.3M | $551.5M | $627.4M | $650.2M+113.7% | N/A | N/A | N/A | $304.3M |
| Cash & Equivalents | $5.8M-86.6% | $8.2M-65.3% | $54.5M+67.1% | $29.7M+395.8% | $43.1M | $23.7M | $32.6M | $6.0M |
| Short-Term Investments | $0n/m | $0n/m | $0n/m | $0n/m | $0 | $0 | $0 | $0 |
| Inventory | N/A | N/A | N/A | $27.8M+189.9% | N/A | N/A | N/A | $9.6M |
| Accounts Receivable | $493.1M | $407.8M | $411.7M | $408.4M+74.2% | N/A | N/A | N/A | $234.4M |
| Long-Term Investments | $0n/m | $0n/m | $0n/m | $0n/m | $0 | $0 | $0 | $0 |
| Total Liabilities | $5.8B | $5.1B | $5.5B | $5.2B+46.0% | N/A | N/A | N/A | $3.5B |
| Current Liabilities | $1.3B | $969.8M | $1.3B | $1.1B+38.4% | N/A | N/A | N/A | $777.1M |
| Non-Current Liabilities | $4.5B | $4.2B | $4.2B | $4.1B+48.1% | N/A | N/A | N/A | $2.8B |
| Long-Term Debt | $3.0B | $2.8B | $2.7B | $2.7B+81.6% | N/A | N/A | N/A | $1.5B |
| Total Equity | $723.2M | $950.7M | $733.4M | $984.1M+146.0% | N/A | N/A | N/A | $400.1M |
| Retained Earnings | -$691.9M | -$468.3M | -$692.9M | -$507.8Mn/m | N/A | N/A | N/A | -$759.5M |
Not reported in any period shown, so not listed: Goodwill.
DEC Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $135.8M+15.8% | $88.8M+10.6% | $168.7M+98.8% | $182.2M | $117.2M | $80.3M | $84.9M | N/A |
| Depreciation & Amortization | $105.1M+15.4% | $103.4M+11.6% | $108.6M+45.4% | $154.1M | $91.1M | $92.7M | $74.6M | N/A |
| Stock-Based Compensation | $5.1M+69.6% | $4.9M+92.2% | $4.5M+145.2% | N/A | $3.0M | $2.6M | $1.8M | N/A |
| Capital Expenditures | $39.3M-18.6% | $40.4M-34.1% | $58.0M+106.9% | $47.1M | $48.2M | $61.2M | $28.0M | N/A |
| Free Cash Flow | $96.5M+39.8% | $48.4M+154.2% | $110.7M+94.8% | $135.1M | $69.0M | $19.0M | $56.8M | N/A |
| Investing Cash Flow | -$290.4M-1131.2% | -$102.8M-1224.3% | $1.3Mn/m | -$452.5M | $28.2M | $9.1M | -$405.0M | N/A |
| Financing Cash Flow | $129.4Mn/m | -$38.1Mn/m | -$159.7M-139.3% | $268.6M | -$125.5M | -$101.2M | $406.6M | N/A |
| Dividends Paid | $20.5M-8.5% | $21.0M-7.5% | $22.1M+28.6% | $22.7M | $22.4M | $22.7M | $17.2M | N/A |
Not reported in any period shown, so not listed: Share Buybacks.
DEC Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K |
|---|---|---|---|---|---|---|---|---|
| Operating Margin | -216.8% | 58.1%+8.4pp | -923.1% | 37.6% | 36.2% | 49.7% | -300.9% | N/A |
| Net Margin | -186.6% | 30.4%-20.3pp | -591.7% | 29.3% | 34.2% | 50.7% | -517.0% | N/A |
| Return on Equity | -28.0% | 26.0% | -21.9% | 19.9% | N/A | N/A | N/A | N/A |
| Return on Assets | -3.1% | 4.0% | -2.6% | 3.2% | N/A | N/A | N/A | N/A |
| Current Ratio | 0.53 | 0.57 | 0.47 | 0.60+0.2x | N/A | N/A | N/A | 0.39 |
| Debt-to-Equity | 4.15 | 2.97 | 3.62 | 2.76-1.0x | N/A | N/A | N/A | 3.74 |
| Liabilities-to-Equity | 8.02 | 5.42 | 7.49 | 5.26-3.6x | N/A | N/A | N/A | 8.86 |
| Asset Turnover | 0.02 | 0.13 | 0.00 | 0.11 | N/A | N/A | N/A | N/A |
| FCF Margin | 88.9%+75.1pp | 6.0%+2.7pp | 407.9% | 20.3% | 13.8% | 3.3% | 90.9% | N/A |
Not reported in any period shown, so not listed: Gross Margin.
Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Operating Margin, Net Margin, FCF Margin.
Note: The current ratio is below 1.0 (0.60), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it. Market cap is stated at each company's latest close.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| Diversified Energy Company DEC | FY2025 | $1.8B | $341.1M | 18.6% | $898.1M | 39/100 |
| Transportadora de Gas del Sur S.A. TGS | FY2025 | $1.2B | $288.4M | 24.5% | $3.2B | 80/100 |
| National Fuel Gas Co. NFG | FY2025 | $2.3B | $518.5M | 22.8% | $7.0B | 46/100 |
| Stabilis Solutions, Inc. SLNG | FY2025 | $68.2M | -$1.4M | -2.0% | $66.6M | 39/100 |
| YPF Sociedad Anonima YPF | FY2025 | $18.4B | -$826.0M | -4.5% | $15.2B | 37/100 |
| Suncor Energy, Inc. SU | FY2025 | $38.2B | $4.3B | 11.3% | $79.1B | 64/100 |
Where Diversified Energy Company Ranks
Frequently Asked Questions
Diversified Energy Company (DEC) reported $1.8B in total revenue for fiscal year 2025. This represents a 141.5% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
Diversified Energy Company (DEC) revenue grew by 141.5% year-over-year, from $757.3M to $1.8B in fiscal year 2025.
Yes, Diversified Energy Company (DEC) reported a net income of $79.4M over the trailing 12 months to September 30, 2026. In fiscal year 2025 it reported a net income of $341.1M, with a net profit margin of 18.6%.
Diversified Energy Company (DEC) had EBITDA of $947.5M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
As of fiscal year 2025, Diversified Energy Company (DEC) had $29.7M in cash and equivalents against $2.7B in long-term debt.
Diversified Energy Company (DEC) had an operating margin of 29.3% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
Diversified Energy Company (DEC) had a net profit margin of 18.6% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
Diversified Energy Company (DEC) has a return on equity of 34.7% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
Diversified Energy Company (DEC) generated $280.0M in free cash flow during fiscal year 2025. This represents a 66.1% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
Diversified Energy Company (DEC) generated $464.6M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
Diversified Energy Company (DEC) had $6.2B in total assets as of fiscal year 2025, including both current and long-term assets.
Diversified Energy Company (DEC) invested $184.6M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
Diversified Energy Company (DEC) had a current ratio of 0.60 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.
Diversified Energy Company (DEC) had a debt-to-equity ratio of 2.76 as of fiscal year 2025. We compute it as long-term debt divided by total shareholder equity, where long-term debt is the noncurrent part of the company's borrowings, so debt due within the next twelve months is not counted.
Diversified Energy Company (DEC) had a liabilities-to-equity ratio of 5.26 as of fiscal year 2025, which is total liabilities divided by total shareholder equity. Total liabilities counts every obligation on the balance sheet (payables, deposits, insurance reserves and deferred taxes as well as borrowings), so this ratio usually runs well above debt-to-equity.
Diversified Energy Company (DEC) had a return on assets of 5.5% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
Diversified Energy Company (DEC) trades at 11.3x earnings, its market capitalization divided by $79.4M net income, trailing 12 months to September 30, 2026. The market capitalization is $898.1M as of Nov 6, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
Diversified Energy Company (DEC) trades at 0.6x sales, its market capitalization divided by $1.6B revenue, trailing 12 months to September 30, 2026. The market capitalization is $898.1M as of Nov 6, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
Diversified Energy Company (DEC) has an Altman Z-Score of 0.49, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
Diversified Energy Company (DEC) has a Piotroski F-Score of 6 out of 7 computable signals; 2 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Diversified Energy Company (DEC) has an earnings quality ratio of 1.36x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Diversified Energy Company (DEC) has an interest coverage ratio of 2.46x, meaning it can adequately cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
Diversified Energy Company (DEC) scores 39 out of 100 on our Financial Health Score, indicating weak standing within its energy companies peer group. The score is the average of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.