---
schema_version: "secwatch.filing_event.v1"
accession: "0001922446-26-000022"
form_type: "8-K"
ticker: "DEC"
cik: "0001922446"
company_name: "Diversified Energy Co"
filed_at: "2026-02-26T23:59:59+00:00"
generated_at: "2026-05-15T23:49:42.594297+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Diversified Energy reports FY2025 net income $342M vs prior loss; guides 2026 Adj. EBITDA $925-975M

## Summary
- FY2025 net income $342M (vs -$103M in 2024); revenue $1,829M (+142%); Adj. EBITDA $956M (+103%).
- Q4 net income $196M (vs -$106M); revenue $667M (vs $59M); production 1,198 Mmcfe/d (+42% YoY).
- Returned >$185M to shareholders via dividends and repurchases; new buyback authority for up to 7.8M shares.
- Leverage ratio improved to 2.3x (23% reduction); ~73% of debt is non-recourse ABS securities.
- 2026 guidance: Adj. EBITDA $925-975M; Adj. FCF ~$430M; production 1,170-1,210 Mmcfe/d; capex $205-235M.

## SEC filing metadata
- accession: 0001922446-26-000022
- form_type: 8-K
- ticker: DEC
- cik: 0001922446
- company_name: Diversified Energy Co
- filed_at: 2026-02-26T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 7.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1922446/000192244626000022/0001922446-26-000022-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1922446/000192244626000022/dec-20260226.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001922446-26-000022
- JSON: https://secwatch.observer/filing/0001922446-26-000022.json
- Plain text: https://secwatch.observer/filing/0001922446-26-000022.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.