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Diversified Energy (DEC) Q4 2025 earnings results (fourth quarter 2025)

10-K filed Feb 26, 2026

Diversified Energy (DEC) reported revenue of $667M for the fourth quarter 2025 (Q4 2025) and +33% from the quarter before. Operating margin was 37.6%, net earnings $195M (29.3% of revenue).

Revenue$667M
Year over year—
Quarter over quarter+33%
Operating margin37.6%
Net earnings$195M

Diversified Energy, Q4 2025: revenue $667M, operating margin 37.6%, net earnings $195M. The chart follows the revenue to costs, profit and cash.

Q4 2025AmountQ/QY/Y
Revenue$667M+33%—
Operating profit$251M+39%—
Net earnings$195M+14%—

What changed

Revenue was $666.5M in Q4 2025, up 33% from the previous quarter.

Operating profit was $250.9M, a 37.6% margin. Net earnings were $195.5M. The effective tax rate was 0.0%.

Questions

What was Diversified Energy's revenue in the fourth quarter 2025?

Diversified Energy (DEC) reported revenue of $667M for the fourth quarter 2025 (Q4 2025) and +33% from the quarter before.

Was Diversified Energy profitable in the fourth quarter 2025?

Operating profit was $251M (37.6% of revenue) and net earnings $195M.

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Source: Diversified Energy 10-K on SEC EDGAR.