Diversified Energy Co 8K

Diversified Energy Company announced strong Q2 2026 results, completion of the Camino acquisition and non-core asset sales, initiation of a new operated development program, significant shareholder returns, debt reduction, and updated full-year 2026 guidance reflecting its expanded Oklahoma footprint and portfolio optimization strategy.

Diversified Energy Company reported its financial and operational results for the quarter and six months ended June 30, 2026, highlighting the closing of its Camino acquisition in Oklahoma, the launch of a new one-rig operated development program to drive organic growth, and continued use of its non-operated development platform and portfolio optimization program, including the $147 million strategic sale of non-core Barnett and Arkansas assets and $126 million of year-to-date acreage sales. For Q2 2026, the Company generated average production of 1,253 MMcfepd, total commodity revenue of $504 million, net income of $248 million (benefiting from gains on unsettled derivatives), adjusted EBITDA of $240 million, operating cash flow of $89 million, and adjusted free cash flow of $115 million, while retiring $233 million of ABS debt and maintaining a leverage ratio of 2.45x with $678 million of liquidity. The Company returned approximately $136 million to shareholders year-to-date, including $93 million of share repurchases (~9% of outstanding shares through August 5, 2026) and declared a $0.29 per share Q2 2026 dividend, and it updated its full-year 2026 outlook to reflect recent acquisitions and divestitures, higher capital expenditures including $35–$50 million for operated development, expected adjusted EBITDA of $960–$1,010 million, adjusted free cash flow of about $440 million, and income from equity affiliates of about $15 million. Management emphasized that the combination of acquisitions (Canvas, Sheridan, Camino), divestitures of higher-cost assets, operated and non-operated development, and debt reduction is intended to enhance margins, extend inventory life (over 450 drilling locations in Oklahoma), and support durable long-term cash flow and shareholder returns.

Filing Facts

CIK

1922446

Ticker

-

Form

8K

Source Type

sec

Accession

0001922446-26-000070

Alert Tier

7