secwatch.observer — SEC 8-K summary
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Issuer:     Diversified Energy Co (DEC)
CIK:        0001922446
Form:       8-K
Filed at:   2026-02-26T23:59:59+00:00
Accession:  0001922446-26-000022
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 7.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1922446/000192244626000022/0001922446-26-000022-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1922446/000192244626000022/dec-20260226.htm
  HTML page:      https://secwatch.observer/filing/0001922446-26-000022

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