DEC

MKT CAP:$1B

Diversified Energy Company PLC

Market Cap

$1B

Energy·Oil & Gas Energy·🇺🇸 United States·NYSE

Energy·Oil & Gas Energy·🇺🇸·NYSE

Stock Price

$15.21+$0.41 (+2.77%)

Apr 17, 2026

Company Details

Diversified Energy Company PLC operates as an independent owner and operator of producing natural gas and oil wells primarily in the Appalachian Basin of the United States. The company is involved in the production, marketing, and transport...

CEO

Robert Russell Hutson Jr.

IPO Date

Dec 19, 2023

Website

www.div.energy

Key Metrics TTM

Revenue

$2.3B

-22.0% YoY

Net Income

$485M

EPS (Diluted)

$7.64

Free Cash Flow

$439M

Revenue / Share

$31.03

Gross Margin

32.5%

Operating Margin

21.5%

Net Margin

21.0%

FCF Margin

19.0%

P/S

0.5x

P/E

2.4x

Earnings Reports

Q1 2026

Apr 30, 2026

PENDING

FY 2025

Feb 26, 2026

$1.6BEPS $4.58

Q4 2025

Feb 26, 2026

$873MEPS $5.08

Q2 2025

Aug 11, 2025

$738M+111.7%EPS -$0.50

Q2 2024

Jun 29, 2024

$349M-23.5%EPS $0.32

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q4 17	$32M	$15M	$6M
Q2 18	$57M	$29M	-$6M
Q4 18	$232M	$153M	$136M
Q2 19	$230M	$142M	$105M
Q4 19	$216M	$118M	$79M
Q2 20	$177M	$86M	-$28M
Q4 20	$232M	$119M	-$48M
Q2 21	$314M	$204M	-$307M
Q4 21	$663M	$513M	-$201M
Q2 22	$900M	$727M	-$1.1B
Q4 22	$946M	$746M	$509M
Q2 23	$456M	$260M	$900M
Q4 23	$351M	$168M	$251M
Q2 24	$349M	$173M	$2M
Q2 25	$738M	$432M	$133M
Q4 25	$873M	-$21M	$111M

Valuation

Quarter	P/S	P/E
Q4 17	20.4x	26.2x
Q2 18	11.0x	36.7x
Q4 18	3.6x	5.2x
Q2 19	2.1x	4.4x
Q4 19	1.6x	3.9x
Q2 20	1.4x	4.0x
Q4 20	1.4x	15.6x
Q2 21	1.3x	—
Q4 21	0.9x	—
Q2 22	0.6x	—
Q4 22	0.4x	—
Q2 23	0.4x	—
Q4 23	0.4x	8.9x
Q2 24	0.6x	1.1x
Q2 25	0.6x	1.6x
Q4 25	0.5x	2.4x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q4 17	-$69.0K	$73M
Q2 18	$8M	$6M
Q4 18	$80M	$154M
Q2 19	$131M	$111M
Q4 19	$149M	$135M
Q2 20	$123M	$2M
Q4 20	$118M	$95M
Q2 21	$108M	-$37M
Q4 21	$212M	$20M
Q2 22	$205M	$109M
Q4 22	$183M	-$72M
Q2 23	$173M	-$122M
Q4 23	$238M	$196M
Q2 24	$161M	-$37M
Q2 25	$264M	$125M
Q4 25	$200M	$155M

Capital Expenditures

Quarter	CapEx
Q4 17	$73M
Q2 18	$2M
Q4 18	$74M
Q2 19	$19M
Q4 19	$13M
Q2 20	$121M
Q4 20	$24M
Q2 21	$145M
Q4 21	$192M
Q2 22	$96M
Q4 22	$255M
Q2 23	$295M
Q4 23	$42M
Q2 24	$198M
Q2 25	$139M
Q4 25	$45M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q4 17	+833.3%	+465.8%
Q2 18	+649.2%	+712.8%
Q4 18	+2602.1%	+836.2%
Q2 19	+2162.2%	+1202.8%
Q4 19	+582.4%	+425.1%
Q2 20	+208.9%	+225.1%
Q4 20	-0.4%	+189.1%
Q2 21	+36.5%	+395.6%
Q4 21	+207.4%	+534.0%
Q2 22	+407.9%	+887.9%
Q4 22	+308.5%	+56.4%
Q2 23	+45.2%	-171.4%
Q4 23	-47.1%	-88.5%
Q2 24	-61.2%	-82.9%
Q2 25	-21.9%	+38.5%
Q4 25	+91.5%	+271.9%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q4 17	$59.0K	0.2%
Q2 18	$142.0K	0.2%
Q4 18	$641.0K	0.3%
Q2 19	$408.0K	0.2%
Q4 19	$3M	1.2%
Q2 20	$2M	0.9%
Q4 20	$4M	1.5%
Q2 21	$4M	1.1%
Q4 21	$4M	0.6%
Q2 22	$4M	0.5%
Q4 22	$4M	0.4%
Q2 23	$4M	1.0%
Q4 23	$2M	0.6%
Q2 24	$4M	1.1%
Q2 25	$4M	0.6%
Q4 25	$6M	0.7%

OpEx Breakdown

Quarter	G&A	S&M
Q4 17	$3M	—
Q2 18	$5M	$430.0K
Q4 18	$16M	—
Q2 19	$19M	—
Q4 19	$19M	$896.0K
Q2 20	$24M	$991.0K
Q4 20	$29M	$568.0K
Q2 21	$33M	$602.0K
Q4 21	$31M	—
Q2 22	$48M	—
Q4 22	$37M	—
Q2 23	$46M	—
Q4 23	$39M	$8M
Q2 24	$4M	$40M
Q2 25	$4M	$47M
Q4 25	$163M	—

War Chest

Quarter	Cash	Short-term Investments	Total
Q2 18	$10M	$0	$10M
Q4 18	$1M	$0	$1M
Q2 19	$0	$0	$0
Q4 19	$2M	$0	$2M
Q2 20	$7M	$0	$7M
Q4 20	$1M	$0	$1M
Q2 21	$4M	$0	$4M
Q4 21	$13M	$0	$13M
Q2 22	$187M	$0	$187M
Q4 22	$7M	$0	$7M
Q2 23	$4M	$0	$4M
Q4 23	$4M	$0	$4M
Q2 24	$3M	$0	$3M
Q4 24	$6M	$0	$6M
Q2 25	$24M	$0	$24M
Q4 25	$30M	$0	$30M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q4 17	7M	+52.8%	+261.8%
Q2 18	13M	+83.7%	+564.5%
Q4 18	21M	+54.9%	+833.9%
Q2 19	30M	+46.5%	+537.0%
Q4 19	33M	+8.4%	+352.0%
Q2 20	33M	+1.8%	+150.4%
Q4 20	35M	+6.0%	+71.3%
Q2 21	37M	+4.1%	+21.7%
Q4 21	42M	+15.4%	+29.6%
Q2 22	42M	-0.0%	+27.3%
Q4 22	41M	-2.4%	+17.2%
Q2 23	47M	+13.1%	+27.3%
Q4 23	48M	+1.4%	+11.9%
Q2 24	48M	+0.0%	+12.0%
Q2 25	69M	+44.7%	+66.0%
Q4 25	74M	+8.2%	+58.8%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q4 17	—	—
Q2 18	—	—
Q4 18	—	—
Q2 19	—	—
Q4 19	—	—
Q2 20	—	—
Q4 20	—	—
Q2 21	—	—
Q4 21	—	—
Q2 22	—	—
Q4 22	—	—
Q2 23	—	—
Q4 23	$218.8K	2K
Q2 24	$217.5K	2K
Q2 25	$464.6K	2K
Q4 25	$439.4K	2K

Revenue / Employee