Quarterly ResultMay 6, 2026, 04:19 PM
Diversified Energy Q1 Adj. EBITDA $287M, +108%; Net Loss $161M
AI Summary
Diversified Energy Company reported strong operational and financial results for Q1 2026, with Adjusted EBITDA increasing 108% year-over-year to $287 million and Adjusted Free Cash Flow up 157% to $160 million. The company recorded a net loss of $161 million, primarily due to a non-cash loss on unsettled derivatives. Strategic acquisitions, including the recently closed Sheridan acquisition and the innovative Camino Natural Resources acquisition, are set to transform the platform. Diversified also returned $94 million to shareholders through dividends and share repurchases.
Key Highlights
- Adjusted EBITDA increased 108% YoY to $287 million in Q1 2026.
- Reported a Net Loss of $161 million, including a $398 million non-cash derivatives loss.
- Average production rose 39% YoY to 1,198 MMcfepd (200 Mboepd).
- Total Commodity Revenue grew 69% YoY to $556 million.
- Adjusted Free Cash Flow surged 157% YoY to $160 million.
- Returned $94 million to shareholders, including $72 million in share repurchases.
- Closed Sheridan acquisition, adding ~62 MMcfepd; Camino acquisition expected Q3.
- Reduced outstanding debt by $92 million under ABS notes.