Earnings ·
Diversified Energy Company reported financial and operational results for the second quarter ended June 30, 2026
DECDiversified Energy Co
Diversified Energy Company reported financial and operational results for the second quarter ended June 30, 2026. The company generated $504 million in total commodity revenue and $248 million in net income, alongside an adjusted EBITDA of $240 million. Average production reached 1,253 MMcfepd with an exit rate of 1,275 MMcfepd. The firm completed the strategic sale of non-core Barnett and Arkansas assets for $147 million and retired $233 million in ABS debt. Additionally, Diversified declared a second-quarter cash dividend of $0.29 per share and repurchased approximately 1.6 million shares. The company operates in the energy sector, focusing on acquiring, operating, and optimizing cash-generating natural gas, oil, and NGL assets.