Earnings ·
Diversified Energy reports Q3 adjusted EBITDA of $256M and declares $0.29 quarterly dividend
DECDiversified Energy Co
Diversified Energy Company reported third-quarter 2026 results with average production of 1,189 MMcfepd and total commodity revenue of $470 million. The company posted an adjusted EBITDA of $256 million and operating cash flow of $136 million, offset by a net loss of $202 million due to a $348 million non-cash loss on unsettled derivatives. Management declared a quarterly dividend of $0.29 per share and repurchased approximately 1% of shares outstanding during the quarter. The company also announced it received approval to upsize its credit facility from $900 million to $1 billion and is proceeding with the expected fourth-quarter closing of its acquisition of Birch Resources, which will significantly increase scale in the Permian Basin. Diversified Energy Company operates cash-generative oil and gas assets in the United States.