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Diversified Energy vs Ring Energy: DEC and REI compared
Diversified Energy is the larger company: $109M of revenue in its latest quarter (Q3 2026) against $102M for Ring Energy (Q3 2026). Ring Energy is growing faster (+30% against -78% a year earlier). Ring Energy is more profitable, with an operating margin of 44.5% against -216.8%.
Where the money goes: DEC and REI
Diversified Energy (DEC) · Q3 2026
Diversified Energy, Q3 2026: revenue $109M (-78% year over year), operating margin -216.8%, net loss $202M, operating cash flow $136M. The chart follows the revenue to costs, profit and cash.
Ring Energy (REI) · Q3 2026
Ring Energy, Q3 2026: revenue $102M (+30% year over year), operating margin 44.5%, net loss $16.6M, operating cash flow $63.1M. The chart follows the revenue to costs, profit and cash.
| Diversified Energy (DEC) | Ring Energy (REI) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $109M | $102M |
| Revenue growth, Y/Y | -78% | +30% |
| Operating margin | -216.8% | 44.5% |
| Net earnings | −$202M | −$16.6M |
| Net margin | -186.4% | -16.2% |
| Operating cash flow | $136M | $63.1M |
| Free cash flow | $96.5M | — |
| Market value | $1.1B | — |
| P/E | 18.1× | — |
| Analysts’ mean target | $20.43 | — |
Questions
Which is bigger, Diversified Energy or Ring Energy?
Diversified Energy is the larger company: $109M of revenue in its latest quarter (Q3 2026) against $102M for Ring Energy (Q3 2026).
Is Diversified Energy or Ring Energy growing faster?
Ring Energy is growing faster (+30% against -78% a year earlier).
Which is more profitable, Diversified Energy or Ring Energy?
Ring Energy is more profitable, with an operating margin of 44.5% against -216.8%.
More: Diversified Energy earnings · how Diversified Energy makes money · Ring Energy earnings · how Ring Energy makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 4, 2026; 10-Q filed Nov 5, 2026). Fiscal quarters can end on different dates. Not investment advice.