Filing Flows › Diversified Energy (DEC) › Q2 2026
Diversified Energy (DEC) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 5, 2026
Diversified Energy (DEC) reported revenue of $812M for the second quarter 2026 (Q2 2026), +38% from a year earlier and up 30-fold from the quarter before. Operating margin was 58.1%, net earnings $247M (30.4% of revenue).
Diversified Energy, Q2 2026: revenue $812M (+38% year over year), operating margin 58.1%, net earnings $247M, operating cash flow $88.8M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $812M | 30× | +38% |
| Operating profit | $472M | — | +62% |
| Net earnings | $247M | — | -17% |
| Operating cash flow | $88.8M | -47% | +11% |
| Free cash flow | $48.4M | — | +154% |
What changed
Revenue was $811.9M in Q2 2026, up 38% year over year and up 2891% from the previous quarter.
Operating profit was $471.8M, a 58.1% margin (up 8.4 points year over year). Of the extra revenue versus a year earlier, 80% reached operating profit, above the 50% margin then. Total costs grew 15% against revenue growth of 38%. The fastest-growing cost line was Other operating costs (+24%). Net earnings were $246.9M, down 17% year over year. The effective tax rate was 36.1%.
Operating cash flow was $88.8M (up 11% year over year), 36% of net earnings. Non-cash charges added back $103.4M of depreciation and amortization and $4.9M of share-based compensation. Working capital and other items used $267.2M. After capital expenditures ($40.4M), free cash flow as the company reports it was $48.4M.
Questions
What was Diversified Energy's revenue in the second quarter 2026?
Diversified Energy (DEC) reported revenue of $812M for the second quarter 2026 (Q2 2026), +38% from a year earlier and up 30-fold from the quarter before.
Was Diversified Energy profitable in the second quarter 2026?
Operating profit was $472M (58.1% of revenue) and net earnings $247M.
Source: Diversified Energy 10-Q on SEC EDGAR.