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Diversified Energy (DEC) earnings and revenue breakdown
Latest: Q3 2026 · 10-Q filed Nov 4, 2026 · Diversified Energy (DEC) Q3 2026 earnings results →
Q3 2026 Revenue down 78% year over year to $109M · 186¢ of every $1 of revenue lost · operating margin -216.8%
Diversified Energy made $109M in Q3 2026 (-78% Y/Y). Operating margin -216.8%, net loss $202M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 4, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $108.5M in Q3 2026, down 78% year over year and down 87% from the previous quarter.
Operating costs exceeded revenue by $235.3M, an operating margin of -216.8%. Total costs grew 8% against a revenue fall of 78%. The quarter ended with a net loss of $202.2M, after a profit of $247.6M the previous quarter.
Operating cash flow was $135.8M (up 16% year over year). Non-cash charges added back $105.1M of depreciation and amortization and $5.1M of share-based compensation. Working capital and other items added $227.8M. After capital expenditures ($39.3M), free cash flow as the company reports it was $96.5M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 10-Q | Nov 4, 2026 | $109M | -78% | -216.8% | −$202M | $136M |
| Q2 2026 | 10-Q | Aug 5, 2026 | $812M | +38% | 58.1% | $247M | $88.8M |
| Q1 2026 | 10-Q | May 6, 2026 | $27.1M | -57% | -923.1% | −$161M | $169M |
| Q4 2025 | 10-K | Feb 26, 2026 | $667M | — | 37.6% | $195M | — |
Charts
Interactive views
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💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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🔍Earnings qualityinteractive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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About Diversified Energy
We are engaged in the production, transportation, and marketing of natural gas, NGLs, and oil, managing a diversified portfolio of mature, long-life assets. Our assets are located in the United States within the following geographical operating areas:
In its own words, from its 10-K, filed Feb 26, 2026.
Diversified Energy against its Crude Petroleum & Natural Gas peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: -78% against the peers' median +46%. Operating margin: -216.8% against the peers' median 19.5%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| DEC Diversified Energy | Q3 2026 | $109M | -78% | -216.8% |
| EOG EOG Resources | Q3 2026 | $8.5B | +46% | 41.9% |
| OXY Occidental Petroleum | Q2 2026 | $8.1B | +53% | 48.5% |
| DVN Devon Energy | Q3 2026 | $6.9B | +58% | 18.3% |
| FANG Diamondback Energy | Q3 2026 | $5.4B | +38% | 46.0% |
| EXE Expand Energy | Q3 2026 | $3.3B | +11% | 19.5% |
| PARR PAR Pacific Holdings | Q3 2026 | $3.1B | +52% | 15.5% |
| OVV Ovintiv | Q3 2026 | $2.6B | +26% | 33.7% |
| SM SM Energy | Q3 2026 | $2.2B | +167% | 10.9% |
Source: Diversified Energy 10-Q on SEC EDGAR · CIK 1922446 · Crude Petroleum & Natural Gas
Guidance and outlook
13F: who owns DEC and who is buying
More on DEC
- How Diversified Energy makes money: revenue by segment
- Diversified Energy next earnings date and what analysts expect
- Diversified Energy stock forecast, price target and fair value
- Who owns Diversified Energy stock: holders, funds and Congress trades
- Diversified Energy guidance and outlook
- Is Diversified Energy a takeover target? LBO and rumors
History
Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results