Quarterly ResultAug 5, 2026, 04:34 PM
Diversified Energy H1 Net Income $86.9M; Q2 Revenue Up 38%
AI Summary
Diversified Energy Co reported a significant financial turnaround in the first half of 2026, achieving a net income of $86.9 million, a substantial improvement from a $24.9 million loss in the prior year period. Total revenue for the second quarter increased by 38.4% year-over-year to $811.9 million, contributing to a 29.2% rise in first-half revenue to $839.1 million. The company also saw a 56% increase in net cash provided by operating activities, reaching $257.5 million, alongside active portfolio management through strategic acquisitions and divestitures.
Key Highlights
- H1 2026 Net Income was $86.9 million, a significant improvement from a $(24.9) million loss in H1 2025.
- H1 2026 Basic EPS was $1.17, up from $(0.37) in H1 2025.
- Q2 2026 Total Revenue increased 38.4% year-over-year to $811.9 million.
- H1 2026 Total Revenue increased 29.2% year-over-year to $839.1 million.
- Net cash provided by operating activities for H1 2026 rose 56% to $257.5 million.
- Acquired Sheridan assets for $236 million and other assets for $18 million in H1 2026.
- Divested Barnett Shale assets for $116 million, realizing a $19 million gain.
- Divested other non-core acreage for $126 million, realizing a $125 million gain.
Price Impact
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