Diversified Energy Co. (DEC)
NYSE · Crude Petroleum & Natural Gas · Mining · CIK 1922446 · fiscal year ends in Dec
Closing price $14.61 on 29 Oct 2026; 52-week range $12.44 to $18.30.
Key figures
The last twelve months reported, with the latest price and balance sheet.
- Revenue, last twelve months
- $2.0B
- Net income, last twelve months
- $452.9M
- Earnings per share
- $5.80
- Operating margin
- 32.6%
- Net margin
- 22.6%
- Return on equity
- 47.6%
- Market value
- $1.0B
- Price to earnings
- 2.5x
- Cash
- $8.2M
- Debt
- $2.9B
- Debt to equity
- 3.08
- Shares outstanding
- 71.4M
Financial statements
Revenue, profit and cash flow by fiscal year, each year linked to its annual report.
| Fiscal year | Year end | Revenue | Operating income | Net income | EPS | Free cash flow | Filing |
|---|---|---|---|---|---|---|---|
| FY2025 | 31 Dec 2025 | $1.8B | $535.0M | $341.1M | $4.58 | $280.0M | 10-K filed 26 Feb 2026 |
| FY2024 | 31 Dec 2024 | $757.3M | -$97.1M | -$104.4M | -$2.17 | $168.6M | 10-K filed 26 Feb 2026 |
| FY2023 | 31 Dec 2023 | $1.9B | $1.1B | $748.7M | $15.76 | $217.2M | 10-K filed 26 Feb 2026 |
By quarter
| Quarter | Quarter end | Revenue | Net income | EPS |
|---|---|---|---|---|
| Q2 FY2026 | 30 Jun 2026 | $811.9M | $246.9M | $3.31 |
| Q1 FY2026 | 31 Mar 2026 | $27.1M | -$160.6M | -$2.13 |
| Q4 FY2025 | 31 Dec 2025 | $666.5M | $195.5M | $2.48 |
| Q3 FY2025 | 30 Sep 2025 | $499.8M | $171.1M | $2.14 |
| Q2 FY2025 | 30 Jun 2025 | $586.7M | $297.7M | $3.67 |
| Q1 FY2025 | 31 Mar 2025 | $62.5M | -$323.2M | -$5.52 |
Company events
The newest 8-K filings of 23 held.
| Filed | Form | Event | Items |
|---|---|---|---|
| 9 Sep 2026 | 8-K | Material agreement | 1.01, 9.01 |
| 3 Sep 2026 | 8-K | Investor update | 7.01, 9.01 |
| 14 Aug 2026 | 8-K | Investor update | 7.01 |
| 10 Aug 2026 | 8-K | Leadership change, Investor update | 5.02, 7.01, 9.01 |
| 5 Aug 2026 | 8-K | Results, Investor update | 2.02, 7.01, 9.01 |
| 6 Jul 2026 | 8-K | Deal completed, Material agreement, New debt | 1.01, 2.01, 2.03, 9.01 |
| 21 May 2026 | 8-K | Leadership change, Investor update | 5.02, 7.01, 9.01 |
| 19 May 2026 | 8-K | Material agreement, New debt | 1.01, 2.03, 9.01 |
| 12 May 2026 | 8-K | Material agreement, Investor update | 1.01, 7.01, 9.01 |
| 12 May 2026 | 8-K | Shareholder vote | 5.07 |
| 6 May 2026 | 8-K | Results, Investor update | 2.02, 7.01, 9.01 |
| 1 May 2026 | 8-K | Deal completed, Investor update | 2.01, 7.01, 9.01 |
Every filing
The newest filings with the SEC of 132 held.
| Filed | Form | Period |
|---|---|---|
| 28 Sep 2026 | SD | – |
| 18 Sep 2026 | 8-K/A | 2 Jul 2026 |
| 9 Sep 2026 | 8-K | 2 Sep 2026 |
| 3 Sep 2026 | 8-K | 2 Sep 2026 |
| 14 Aug 2026 | 8-K | 14 Aug 2026 |
| 10 Aug 2026 | 8-K | 5 Aug 2026 |
| 5 Aug 2026 | 8-K | 5 Aug 2026 |
| 5 Aug 2026 | 10-Q | 30 Jun 2026 |
| 14 Jul 2026 | 8-K/A | 30 Apr 2026 |
| 6 Jul 2026 | 8-K | 2 Jul 2026 |
| 21 May 2026 | 8-K | 20 May 2026 |
| 19 May 2026 | 8-K | 13 May 2026 |
Insider trades
Form 4 trades by officers, directors and 10% owners, last 12 months.
| Traded | Insider | Type | Shares | Price | Value | Held after | Form 4 |
|---|---|---|---|---|---|---|---|
| 9 Jan 2026 | Wade Randall S., Director | Sale outside a trading plan | 2,100,000 | $13.28 | $27.9M | 7,501,585 | 12 Jan 2026 |
Planned insider sales
Form 144 notices, filed when the sell order goes to the broker.
| Filed | Seller | Shares | Value | Planned sale |
|---|---|---|---|---|
| 8 Jan 2026 | Randall S. Wade, 10% Holder; Director | 2,100,000 | $27.9M | 8 Jan 2026 |
Large holders
Schedule 13D and 13G filings by holders of more than 5% of the voting shares.
| Filed | Holder | Schedule | Stake | Shares |
|---|---|---|---|---|
| 14 Aug 2026 | Ameriprise Financial, Inc. | 13G amended | 6.3% | 4.6M |
| 28 Jul 2026 | BlackRock, Inc. | 13G amended | 7.8% | 5.6M |
| 7 May 2026 | Artemis Investment Management LLP | 13G | 5.6% | 4.1M |
| 26 Mar 2026 | The Vanguard Group | 13G amended | 0% | 0 |
| 13 Mar 2026 | EIG Redwood Co-Investment, L.P. | 13D amended | 0% | 0 |
| 12 Jan 2026 | EIG Redwood Co-Investment, L.P. | 13D amended | 3.39% | 2.7M |
| 14 Nov 2025 | Ameriprise Financial, Inc. | 13G | 5.3% | 4.1M |
Short interest
Shares sold short and not yet bought back, on each FINRA settlement date.
| Settlement | Shares short | Change | Days to cover |
|---|---|---|---|
| 15 Oct 2026 | 7.2M | -2.38% | 11.29 |
| 30 Sep 2026 | 7.4M | -0.39% | 7.08 |
| 15 Sep 2026 | 7.4M | +15.38% | 9.48 |
| 31 Aug 2026 | 6.4M | +40.28% | 8.18 |
| 14 Aug 2026 | 4.6M | -3.41% | 4.87 |
| 31 Jul 2026 | 4.7M | +0.99% | 6.05 |
| 15 Jul 2026 | 4.7M | +2.36% | 4.7 |
| 30 Jun 2026 | 4.6M | +57.25% | 2.6 |
Funds that hold it
From each fund's latest Form 13F.
216 funds held it at 30 Jun 2026: 107 added and 47 trimmed in the quarter. The largest:
| Fund | Shares | Value | Change in the quarter |
|---|---|---|---|
| BlackRock, Inc. | 5,774,418 | $80.0M | +852,555 |
| Artemis Investment Management LLP | 5,677,235 | $78.5M | +232,357 |
| Ameriprise Financial Inc. | 4,570,807 | $63.3M | +50,535 |
| State Street Corp. | 3,133,776 | $43.4M | +1,892,420 |
| Jupiter Asset Management Ltd | 3,129,540 | $42.9M | -39,019 |
| Tejara Capital Ltd | 1,828,668 | $25.3M | +158,837 |
| M&G PLC | 1,759,706 | $24.6M | 0 |
| Geode Capital Management, LLC | 1,699,673 | $23.6M | +219,467 |
| Man Group plc | 1,677,344 | $23.0M | -360,865 |
| Citadel Advisors LLC | 1,388,337 | $19.2M | -142,698 |
Peers
Companies in the same industry.
- Shell plc (SHEL): revenue $266.9B, market value $306.3B
- TotalEnergies SE (TTE): revenue $201.2B, market value $207.5B
- Petróleo Brasileiro S.A. (Petrobras) (PBR): revenue $89.2B, market value $141.1B
- Canadian Natural Resources Limited (CNQ): revenue $27.8B, market value $114.7B
- Eni S.p.A. (E): revenue $92.9B, market value $88.9B
- EOG Resources Inc. (EOG): revenue $27.0B, market value $85.1B
- Occidental Petroleum Corp. (OXY): revenue –, market value $63.0B
- Diamondback Energy, Inc. (FANG): revenue $17.1B, market value $57.9B
- Devon Energy Corp. (DVN): revenue $19.7B, market value $56.3B
- Woodside Energy Group Ltd. (WDS): revenue $13.0B, market value $44.1B