Quarterly ResultAug 5, 2026, 04:44 PM
Diversified Energy Q2 Net Income $248M, Adjusted EBITDA $240M
AI Summary
Diversified Energy Company announced strong financial and operational results for Q2 2026, reporting a Net Income of $248M and Adjusted EBITDA of $240M. The company expanded its Oklahoma footprint through the Camino acquisition and initiated a new operated development program to drive organic growth. Strategic divestments of non-core assets generated $147M, and the company returned approximately $136M to shareholders year-to-date. Diversified also updated its full-year 2026 guidance, projecting total production of 1,180 to 1,210 Mmcfe/d and Adjusted EBITDA between $960M and $1,010M.
Key Highlights
- Reported Q2 2026 Net Income of $248M, inclusive of gain on non-cash unsettled derivatives.
- Achieved Q2 2026 Adjusted EBITDA of $240M and Adjusted Free Cash Flow of $115M.
- Completed Camino acquisition, expanding operations in Oklahoma with identified synergies.
- Initiated a disciplined one-rig operated development program in Oklahoma for organic cash flow growth.
- Sold non-core Barnett and Arkansas assets for $147M, enhancing profitability.
- Returned ~$136M to shareholders year-to-date, including $93M in share repurchases.
- Maintained liquidity of $678M and a leverage ratio of 2.45x as of June 30, 2026.
- Updated 2026 guidance for total production to 1,180 to 1,210 Mmcfe/d and Adjusted EBITDA to $960M to $1,010M.
Price Impact
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