DEC
$14.59+1.04%
DEC financial statements
The full income statement, balance sheet, and cash-flow statement for Diversified Energy Company (DEC), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
Shares outstanding (point-in-time)
2021-12 42.5M2022-12 41.4M2023-12 47.6M2024-12 50.6M2025-03 58.6M2025-06 81.1M2025-12 76.1M2026-03 72.3M2026-06 70.8M+66.6% over 8 periods
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
PeriodRangeOrderChangeFiguresAs-reported fiscal years.
| Line item | Trend | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Income Statement | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Revenue | 1.83B+130.1% | 795M-8.5% | 868M-54.8% | 1.92B+90.5% | 1.01B | |
| Gross profit | — | 109M-46.1% | 203M-83.8% | 1.25B+128.0% | 549M | |
| 1.29B+51.5% | 854M+1.7% | 840M | — | — | ||
| Selling, general & administrative | 168M+29.2% | 130M+0.9% | 129M | — | — | |
| General & administrative | 168M+29.2% | 130M+0.9% | 129M | — | — | |
| Operating income | 535M+651.0% | -97.1M-108.8% | 1.11B+265.2% | -671M-43.7% | -467M | |
| Interest expense | 210M+52.5% | 138M+2.6% | 134M+33.1% | 101M+99.1% | 50.6M | |
| Other non-operating income | 3.27M+39.9% | 2.34M+507.3% | 385K | — | — | |
| Pre-tax income | 301M+221.5% | -248M-125.1% | 990M+223.8% | -800M-45.1% | -551M | |
| Income tax | -40.5M+72.0% | -145M-160.6% | 239M+233.7% | -179M+20.7% | -226M | |
| 341M+426.8% | -104M-113.9% | 749M+220.6% | -621M-90.8% | -325M | ||
| Net income to non-controlling interest | 784K-38.4% | 1.27M-24.4% | 1.68M | — | — | |
| Net income to common | — | -88.3M-111.6% | 758M+221.2% | -625M-92.1% | -326M | |
| $4.58+311.1% | -$2.17-113.8% | $15.76+206.3% | -$14.82-80.7% | -$8.20 | ||
| EPS (basic) | $4.67+315.2% | -$2.17-113.7% | $15.87+207.1% | -$14.82-80.7% | -$8.20 | |
| Weighted-avg shares (basic) | 73.0M+51.9% | 48.0M+1.8% | 47.2M+11.8% | 42.2M+6.4% | 39.7M | |
| Weighted-avg shares (diluted) | 74.5M+55.1% | 48.0M+1.1% | 47.5M+12.6% | 42.2M+6.4% | 39.7M | |
| Dividends per share | $1.12-32.5% | $1.66-53.1% | $3.53+2.1% | $3.46+12.9% | $3.07 | |
| Balance Sheet | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 650M+113.7% | 304M-0.1% | 305M-14.0% | 354M | — | ||
| Cash & equivalents | 29.7M+395.8% | 5.99M+59.6% | 3.75M-48.8% | 7.33M-41.6% | 12.6M | |
| Accounts receivable | 408M+74.2% | 234M | — | — | — | |
| Inventory | 27.8M+189.9% | 9.59M+22.5% | 7.83M-15.2% | 9.23M | — | |
| Prepaid expenses | 37.2M+99.1% | 18.7M | — | — | — | |
| 6.17B+55.9% | 3.96B+13.9% | 3.47B-9.3% | 3.83B | — | ||
| Property, plant & equipment | 446M+4.8% | 426M-3.7% | 442M | — | — | |
| Operating lease right-of-use | 3.78M+17.7% | 3.21M | — | — | — | |
| Intangible assets | 3.22M+10.9% | 2.90M | — | — | — | |
| Deferred tax assets | 287M+5.9% | 271M | — | — | — | |
| Other non-current assets | 98.7M+12.8% | 87.5M | — | — | — | |
| Total non-current assets | — | 3.70B+16.7% | 3.17B-8.8% | 3.48B | — | |
| 1.08B+38.4% | 777M+21.7% | 638M-43.6% | 1.13B | — | ||
| Accounts payable | 81.8M+133.7% | 35.0M | — | — | — | |
| Accrued liabilities | 194M+103.2% | 95.4M | — | — | — | |
| Deferred revenue | 240M+39.4% | 172M | — | — | — | |
| Short-term & current debt | 237M+12.9% | 209M+4.3% | 201M-25.9% | 271M | — | |
| Current lease liability | 2.13M+36.0% | 1.57M | — | — | — | |
| Other current liabilities | 138M+36.2% | 101M | — | — | — | |
| Finance lease liability (current) | 22.0M+80.5% | 12.2M | — | — | — | |
| 5.17B+46.0% | 3.54B+23.3% | 2.88B-27.5% | 3.97B | — | ||
| Long-term debt | 2.72B+81.6% | 1.50B+39.0% | 1.08B-8.0% | 1.17B | — | |
| Non-current lease liability | 1.61M-10.6% | 1.80M | — | — | — | |
| Operating lease liability (total) | 3.74M | — | — | — | — | |
| Finance lease liability (total) | 72.0M | — | — | — | — | |
| Finance lease liability | 49.9M+72.0% | 29.0M | — | — | — | |
| Deferred tax liabilities | 11.9M+48.5% | 8.01M | — | — | — | |
| Other non-current liabilities | 76.8M+73.7% | 44.2M | — | — | — | |
| 984M+146.0% | 400M-31.7% | 586M+483.7% | -153M-123.0% | 664M | ||
| Common stock | 769K-94.7% | 14.6M | — | — | — | |
| Additional paid-in capital | 1.49B+30.2% | 1.15B | — | — | — | |
| Retained earnings | -508M+33.1% | -759M | — | — | — | |
| Accumulated other comprehensive income | -583K+37.6% | -935K | — | — | — | |
| Non-controlling interest | 10.9M-8.0% | 11.9M | — | — | — | |
| Total equity incl. non-controlling | 995M+141.5% | 412M-23.4% | 538M+383.5% | -190M-128.6% | 664M | |
| Total liabilities & equity | 6.17B+55.9% | 3.96B | — | — | — | |
| Common shares issued | 77.0M+52.0% | 50.6M | — | — | — | |
| Common shares outstanding | 77.0M+52.0% | 50.6M+6.5% | 47.6M+14.7% | 41.4M-2.4% | 42.5M | |
| Shares outstanding (cover) | 76.1M | — | — | — | — | |
| Cash Flow | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 465M+110.6% | 221M-24.3% | 291M-24.8% | 388M+21.1% | 320M | ||
| Depreciation & amortization | 413M+41.3% | 292M+6.8% | 273M+23.0% | 222M+32.6% | 168M | |
| Share-based compensation | 10.4M+25.5% | 8.29M+27.6% | 6.49M | — | — | |
| Deferred income taxes | -55.2M+56.9% | -128M-156.6% | 226M | — | — | |
| Change in receivables | -2.59M-113.9% | 18.6M+117.4% | -107M | — | — | |
| Change in payables | -17.0M+3.2% | -17.5M+54.3% | -38.3M | — | — | |
| -820M-207.5% | -267M-8.1% | -247M | — | — | ||
| Capital expenditure | 185M+254.3% | 52.1M-29.8% | 74.3M | — | — | |
| Free cash flow | 280M+66.1% | 169M-22.4% | 217M | — | — | |
| Acquisitions | 330M | 0.00 | 0.00 | 0.00 | 0.00 | |
| 448M+668.3% | 58.4M+186.5% | -67.4M | — | — | ||
| Long-term debt issued | 3.17B+72.0% | 1.84B+20.0% | 1.54B-40.6% | 2.59B+49.8% | 1.73B | |
| Long-term debt repaid | 2.43B+47.2% | 1.65B+6.8% | 1.55B-27.7% | 2.14B+49.4% | 1.43B | |
| Common stock issued | 0.00 | 0.00-100.0% | 157M | 0.00-100.0% | 214M | |
| Common stock repurchased | 0.00-100.0% | 15.9M+43.9% | 11.0M-6.1% | 11.8M | 0.00 | |
| Dividends paid | 85.0M+1.4% | 83.9M-50.1% | 168M+17.1% | 143M+10.1% | 130M | |
| Net change in cash | 92.9M+657.7% | 12.3M+153.9% | -22.7M | — | — | |
| Interest paid | 201M+63.5% | 123M+5.4% | 117M | — | — | |
| Income taxes paid | 3.48M-69.5% | 11.4M+38.3% | 8.26M | — | — | |
| Valuation Ratios | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Market cap | 1.10B+29.4% | 851M+36.9% | 622M | — | — | |
| P/E | 3.2× | — | — | — | — | |
| P/S | 0.6×-43.7% | 1.1×+230.5% | 0.3× | — | — | |
| P/B | 1.1×-47.4% | 2.1× | — | — | — | |
| P/FCF | 3.9×-22.1% | 5.0× | — | — | — | |
| Earnings yield | 31.0% | — | — | — | — | |
| FCF yield | 25.4%+28.3% | 19.8% | — | — | — | |
| Dividend yield | 7.7%-21.7% | 9.9%-58.2% | 23.6% | — | — | |
| Source filing | 10-K | 20-F | 20-F | 10-K | 10-K |
About this data
Source: DEC’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all DEC filings on SEC EDGAR → Not investment advice.