Diversified Energy Company (DEC)
NYSE:DEC
Earnings Data
Report Date
Aug 17, 2026TBA (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
1.13Last Year’s EPS
3.83Same Quarter Last Year
Strong Buy
Based on 6 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented a largely positive picture: record adjusted EBITDA ($956M), strong free cash flow ($440M), material production growth (exit ~1.25 Bcfe/day), successful POP monetizations (~$160–170M in 2025), and continued accretive M&A including the Sheridan bolt-on. The balance sheet has improved (leverage down to 2.3x) and liquidity (~$577M) supports near-term transactions. Key risks include a still-elevated net debt load (~$2.8B), $55M of transaction costs that reduced FCF, dependence on continued successful M&A/integration and variability in POP proceeds, along with broader commodity volatility. Overall, the positives and execution accomplishments significantly outweigh the risks discussed on the call.Company Guidance
Record Adjusted EBITDA and Strong Margins
Total revenue of $1.83 billion and record adjusted EBITDA of $956 million for FY2025, with an adjusted EBITDA margin of 58% (beat guidance).
Robust Free Cash Flow Generation
Adjusted free cash flow of $440 million in 2025 (including ~$55 million of transaction costs). Management cited free cash flow growth of over 110% year-over-year and a >25% free cash flow yield (company stated).
Production Growth and Operational Scale
Average production ~1.1 Bcfe/day for 2025 with a December exit rate of ~1.25 Bcfe/day, supporting participation in LNG and data center demand.
Accretive M&A and New Sheridan Acquisition
Announced acquisition of Sheridan Production Partners for ~$245 million (PV-15) adding ~61 MMcfe/day, ~397 Bcfe estimated reserves, approx. $52 million anticipated EBITDA next 12 months, low decline profile (~6%), expected close in Q2 2026. Management cited ~ $2 billion of accretive acquisitions in 2025 (including Maverick and Canvas).
Balance Sheet Improvement and Liquidity
Net debt approx. $2.8 billion at year-end; leverage improved by >20% to 2.3x net debt/EBITDA (within target 2.0–2.5x). Liquidity of approx. $577 million and $277 million of principal repaid in 2025.
Portfolio Optimization (POP) Cash Generation
POP delivered approximately $160–170 million of divestment/cash proceeds in 2025 and cumulative ~$314 million over the last 3 years; management expects ~$100 million of POP cash in 2026 (guidance includes POP).
High-Return Non-Op Partnerships
Non-op JV activity (Western Anadarko) delivered ~60% rate of return on new wells (~75% liquids). Non-op production expected to exit 2026 just over 12,500 BOE/day; two non-op partnerships expected to offset roughly half of 2026 corporate decline.
Shareholder Returns and Capital Allocation
Returned approx. $185 million to shareholders in 2025 via dividends and strategic share repurchases (~16% of current market capitalization). Cumulative shareholder returns and debt principal repayments since IPO ~ $2.3 billion.
Strategic and Regulatory Milestones
Completed U.S. reincorporation and SEC accelerated filer status with 10-K filed; strengthened listing and reporting profile. Launched West Virginia Mountain State Plugging Fund (first payment made) to address asset retirement obligations over 20 years.
DEC Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
DEC Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 26, 2026 | $12.93 | $13.76 | +6.42% |
Nov 03, 2025 | $12.12 | $13.01 | +7.27% |
Aug 11, 2025 | $13.72 | $14.67 | +6.94% |
Mar 17, 2025 | $11.03 | $12.06 | +9.29% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Diversified Energy Company (DEC) report earnings?
Diversified Energy Company (DEC) is schdueled to report earning on Aug 17, 2026, TBA (Confirmed).
What is Diversified Energy Company (DEC) earnings time?
Diversified Energy Company (DEC) earnings time is at Aug 17, 2026, TBA (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is DEC EPS forecast?
DEC EPS forecast for the fiscal quarter 2026 (Q2) is 1.13.