Filing Flows › Diversified Energy (DEC) › Q1 2026
Diversified Energy (DEC) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 6, 2026
Diversified Energy (DEC) reported revenue of $27.1M for the first quarter 2026 (Q1 2026), -57% from a year earlier and -96% from the quarter before. Operating margin was -923.1%, net loss $161M (591.9% of revenue).
Diversified Energy, Q1 2026: revenue $27.1M (-57% year over year), operating margin -923.1%, net loss $161M, operating cash flow $169M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $27.1M | -96% | -57% |
| Operating profit | −$251M | -200% | — |
| Net earnings | −$161M | -182% | — |
| Operating cash flow | $169M | — | +99% |
| Free cash flow | $111M | — | +95% |
What changed
Revenue was $27.1M in Q1 2026, down 57% year over year and down 96% from the previous quarter.
Operating costs exceeded revenue by $250.6M, an operating margin of -923.1%. Total costs grew 11% against a revenue fall of 57%. The fastest-growing cost line was General & admin (+22%). The quarter ended with a net loss of $160.7M, after a profit of $195.5M the previous quarter. Minority interests bore $48K of it: to shareholders the quarter was a loss of $160.6M.
Operating cash flow was $168.7M (up 99% year over year). Non-cash charges added back $108.6M of depreciation and amortization and $4.5M of share-based compensation. Working capital and other items added $216.4M. After capital expenditures ($58.0M), free cash flow as the company reports it was $110.7M.
Questions
What was Diversified Energy's revenue in the first quarter 2026?
Diversified Energy (DEC) reported revenue of $27.1M for the first quarter 2026 (Q1 2026), -57% from a year earlier and -96% from the quarter before.
Was Diversified Energy profitable in the first quarter 2026?
Operating loss was $251M (-923.1% of revenue) and net loss $161M.
Source: Diversified Energy 10-Q on SEC EDGAR.