DEC
Diversified Energy Company13.61
-0.13-0.95%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Non-op upside, plugging progress detailed
Q&A largely reaffirmed the prepared script on 2025 records and Sheridan bolt-on, but surfaced incremental non-op details: Anadarko delivers strong IRRs immune to gas prices, Permian ramps soon, Appalachia looms large—together offsetting half of base declines, with ambitions for more if returns hold. Management pegged sustainable POP proceeds at $40-50M annually post-2026, after this year's $100M guide. Plugging funds proved a balance-sheet win in West Virginia; extensions eyed for high-count Appalachia states. No dividend yield fixation; leverage hugs 2-2.5x amid ongoing delevering. Q&A adds optionality, not drama. Watch non-op scale for decline mitigation.
Key Stats
Market Cap
1.08BP/E (TTM)
-Basic EPS (TTM)
-2.66Dividend Yield
0.08%Recent Filings
8-K
DEC repurchases 3.75M shares
Diversified Energy Company entered an Underwriting Agreement on March 9, 2026, enabling affiliates of EIG Global Energy Partners to sell 7,501,585 shares of common stock via Citigroup. The Company repurchased 3,750,000 shares at the offering price upon closing on March 11, receiving no proceeds from the sale. Standard indemnities apply. Repurchase tightens float.
8-K
Pro forma 2025 revenue $2.3B
Diversified Energy filed unaudited pro forma financials showing 2025 revenue jumping to $2.3B from $1.8B, net income to $422M, on Canvas (Nov 24 close: $399M cash + 3.7M shares) and Maverick (Mar 14 close: $211M cash + 21.2M shares) deals. Pro forma EPS dips to $4.23 diluted. Actual results may differ materially.
8-K
East Texas assets acquisition
Diversified Production agreed to buy oil and gas assets in east Texas counties from Sheridan Holding for $248 million, funded via its credit facility, with Q2 2026 close expected. The bolt-on deal adds contiguous low-decline assets with 2026 production of ~62 MMcfepd and estimated NTM EBITDA of $52 million. It fits seamlessly. Assumes environmental and plugging liabilities.
10-K
FY2025 results
Diversified Energy Company drove FY2025 production to 1,086 MMcfepd, up 37% y/y from 791 MMcfepd, fueled by Maverick and Canvas acquisitions that added 2,041 Bcfe reserves in place. Yet Q4 momentum shone through liquids-rich Central Region gains, with Mid-Continent surging to 125 Bcfe (up 230% y/y) at $4.24/Mcfe realized while Appalachia held steady at $3.31/Mcfe. LOE climbed to $1.15/Mcfe from acquisition scale, but margins held firm amid $3.94/Mcfe realized price (29% y/y gain). Debt rose to $3B (73% fixed-rate ABS), revolver availability $305M; $160M non-core divestitures trimmed leverage. Q4 accelerated buybacks (2.6M shares). Methane pledges risk quarterly output curbs.
8-K
Record 2025 results, strong guidance
Diversified Energy crushed 2025 with $1.8B revenue, $956M Adjusted EBITDA, and $440M Adjusted Free Cash Flow, fueled by ~$2B acquisitions of Maverick and Canvas that drove 103% EBITDA growth and $80M+ synergies. Production hit 1,086 MMcfepd average, up 37% YoY, while leverage fell to 2.3x after retiring $277M ABS debt. Returned $185M to shareholders. 2026 guides $925-975M Adjusted EBITDA.
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