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DEC

Diversified Energy Company PLC

DEC

Diversified Energy Company PLC • NYSE
$15.04 ▲ 2.04% (+0.30)
Market Cap $1.17 B
52w High $17.70
52w Low $10.08
Dividend Yield 1.16%
P/E -5.65
Volume 308.18K
Outstanding Shares 77.85M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q2-2025 $738.315M ▲ $299.245M ▲ $-34.481M ▲ -4.67% ▲ $-0.5 ▲ $265.707M ▲
Q4-2024 $446.16M ▲ $-17.69M ▼ $-103.333M ▼ -23.161% ▼ $-2.12 ▼ $44.132M ▼
Q2-2024 $348.681M ▼ $170.171M ▲ $15.061M ▼ 4.319% ▼ $0.32 ▼ $126.043M ▼
Q4-2023 $350.791M ▼ $-83.7M ▼ $128.033M ▼ 36.498% ▼ $2.74 ▼ $371.163M ▼
Q2-2023 $455.998M $638.81M $629.985M 138.155% $11.03 $1.029B

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q2-2025 $23.743M ▲ $5.663B ▲ $4.935B ▲ $716.179M ▲
Q4-2024 $5.99M ▲ $4.004B ▲ $3.539B ▲ $452.677M ▼
Q2-2024 $3.483M ▼ $3.816B ▲ $3.268B ▲ $535.928M ▼
Q4-2023 $3.753M ▼ $3.474B ▼ $2.876B ▼ $585.806M ▲
Q2-2023 $4.208M $3.763B $3.202B $547.948M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q2-2025 $-34.481M ▲ $181.969M ▲ $-274.222M ▼ $111.048M ▲ $26.741M ▲ $124.877M ▼
Q4-2024 $-102.062M ▼ $103.724M ▼ $-82.86M ▲ $-14.683M ▼ $-4.691M ▼ $330.254M ▲
Q2-2024 $15.061M ▼ $160.81M ▼ $-183.648M ▼ $22.568M ▲ $7.162M ▲ $-36.691M ▼
Q4-2023 $128.033M ▼ $181.223M ▲ $14.903M ▲ $-193.859M ▼ $1.954M ▲ $195.646M ▲
Q2-2023 $629.985M $172.566M $-250.017M $74.33M $-1.56M $-122.095M

Five-Year Company Overview

Income Statement

Income Statement DEC’s income statement shows a business with solid scale but noticeable earnings volatility. Revenue grew strongly through the early part of the period, then fell back in the last two years, suggesting sensitivity to gas prices, asset sales, or hedge positions. Profitability has swung sharply: losses in most years, a very strong profit in the prior year, and then a small loss again most recently. Operating profit and EBITDA follow the same pattern, which points to a business model that can generate attractive margins in favorable market conditions but is exposed when prices, volumes, or costs move the wrong way. Overall, this looks like a relatively steady revenue base with profits heavily influenced by external factors and one‑off items rather than a smooth upward trend.

Balance Sheet

Balance Sheet The balance sheet shows a company that has grown its asset base meaningfully but has done so with rising leverage and only a modest equity cushion. Total assets have expanded over time, consistent with an acquisition-led strategy. Debt has increased in step, indicating that a good portion of that growth is funded with borrowing. Equity dipped into negative territory a few years ago and has since recovered, but remains relatively thin compared with total assets and debt. Cash on hand is minimal, which heightens the importance of consistent cash generation and access to financing. In short, DEC runs a balance sheet that is asset-rich, more highly leveraged, and reliant on disciplined financial management to remain comfortable.

Cash Flow

Cash Flow Cash flow is a relative bright spot. Operating cash flow has been quite steady and gradually improving over the period, even when reported earnings moved up and down. Free cash flow has followed a similarly stable, gradually rising path, helped by a capital-light model with modest spending needs on new projects. Capital expenditures are small compared with the asset base, reflecting the focus on managing existing wells rather than heavy new drilling. This pattern suggests that, despite accounting swings on the income statement, the underlying business can throw off dependable cash, which is important given the low cash balance and higher debt load.

Competitive Edge

Competitive Edge DEC occupies a differentiated niche in energy by specializing in mature, low-decline wells rather than high-growth drilling. Its large scale in this segment, combined with experience in operating older assets efficiently, provides cost advantages and know‑how that newer entrants would find hard to replicate. Vertical integration into well plugging and retirement improves control over long-term obligations and may lower costs relative to peers. Extensive use of hedging and structured financing helps smooth cash flows in a volatile commodity market. At the same time, the model depends on a steady pipeline of attractive acquisitions, continued regulatory acceptance of its approach to well retirement, and effective handling of environmental and community concerns. Competitive strength is meaningful but tied closely to execution and policy trends.

Innovation and R&D

Innovation and R&D Innovation at DEC is less about traditional lab research and more about smarter operations and environmental performance. The “Smarter Asset Management” program uses data, aerial and handheld methane detection, and process improvements to cut emissions, lower operating costs, and improve safety across many small, mature wells. The company is pushing into areas such as “responsibly sourced gas,” coal mine methane capture, and environmental credits, which could open up premium markets and new revenue streams if buyer demand and regulations evolve favorably. Its in‑house well retirement subsidiary and partnerships with state governments show a willingness to experiment with new commercial and regulatory models. Overall, DEC’s innovation focus is practical and field‑driven, aimed at squeezing more value and lower emissions out of aging assets rather than developing new types of energy.

Summary

Overall, DEC is an asset-heavy, cash-generative energy company built around mature wells, with a strategy that favors stable production and operational efficiency over aggressive exploration. The financial picture combines relatively steady cash flow with more erratic earnings and a balance sheet that leans on debt and carries a thinner equity base. Competitive advantages stem from scale in older assets, integrated well-retirement capabilities, and a growing reputation in emissions management and responsibly sourced gas. Key uncertainties relate to commodity price swings, acquisition quality, regulatory requirements around well retirement and methane, and the company’s ability to keep financing costs under control. The story is one of a specialized operator trying to turn operational discipline and environmental stewardship into a durable edge in a mature segment of the energy market.

NEWS

November 24, 2025 · 4:31 PM UTC

Decade Resources Closes Private Placement for Total Gross Proceeds of $1,170,000

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November 24, 2025 · 10:30 AM UTC

Diversified Energy Completes Canvas Energy Acquisition

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November 21, 2025 · 10:30 AM UTC

Final Approval of The Scheme of Arrangement

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November 12, 2025 · 2:00 AM UTC

Transaction in Own Shares

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November 4, 2025 · 8:00 AM UTC

Decade Resources Ltd. Announces $1.5 Million Private Placement

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