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Diversified Energy Company PLC (DEC)

NYSE / Energy / Oil & Gas Energy

Share price

14.43 USD Market dataClose of Oct 15, 2026

Market capitalisation

1.02B USD Market dataClose of Oct 15, 2026
Market data
Oct 15, 2026
Filed accounts
FY2025, filed Feb 26, 2026
Ratios computed
Oct 15, 2026
Filed years
3, FY2023 to FY2025
Four kinds of sourceSEC filingCompany statementMarket dataComputedWhat each means
SEC filingFiled with the SEC
Read from a statement the company filed with the SEC, with the form, fiscal year, filing date and accession beside it.
Company statementCompany statement
What the company says about itself in a filing: an 8-K item, the auditor, its own segment names.
Market dataMarket data
Prices, market value and what analysts publish, with the date they are as of.
ComputedComputed by ValueScreener
Worked out by us from the other three, with the inputs and the formula one press away. A score is a research output, not a rating or a recommendation.
Reading

1 of 10

Overview

What the business is, what it costs, and how it reads on four questions.

Market dataSEC filingComputed

Four questions, at a glance

Quality

Return on equity

34.7% Computed

From the FY2025 filing

Read quality

Valuation

Price to earnings

3.09x Computed

FY2025 accounts, priced at the latest close

Read valuation

Cash generation

Free cash flow yield

26.1% Computed

FY2025 accounts, priced at the latest close

Read cash generation

Revenue and net income, by fiscal year

FY2016 Revenue: 18.3M USDFY2016 Net income: 17.7M USDFY2017 Revenue: 41.8M USDFY2017 Net income: 8.9M USDFY2018 Revenue: 289.8M USDFY2018 Net income: 201.1M USDFY2019 Revenue: 462.3M USDFY2019 Net income: 99.4M USDFY2020 Revenue: 408.7M USDFY2020 Net income: -23.5M USDFY2021 Revenue: 977.0M USDFY2021 Net income: -325.2M USDFY2022 Revenue: 1.92B USDFY2022 Net income: -625.4M USDFY2023 Revenue: 1.95B USDFY2023 Net income: 748.7M USDFY2024 Revenue: 757.3M USDFY2024 Net income: -104.4M USDFY2025 Revenue: 1.83B USDFY2025 Net income: 341.1M USD
Revenue Net income10 fiscal years; a year whose statement names no SEC filing is market data, and the table in Filings says which.
Named tests met
5 of 30 Which tests
The business, and the score behind its five axes

The reading, in brief

Is it cheap

Price to earnings is 3.09x at the close of 2026-10-15 on FY2025 figures; the lines are 15.00x (Graham's defensive ceiling) and, by market convention, 10.00x, 25.00x and 40.00x, and this sits below the lowest.

Today, against the Energy sector (163 companies), 3.09x sits at the 3rd percentile; the middle half of that group runs from 12.02x to 29.24x.

Is it good

Return on equity was 34.7% in FY2025, in the band labelled "Exceptional, check the leverage" (25.0% and above), on lines anchored on Damodaran's cost-of-capital data, suggesting high returns on shareholders' money, which leverage can also produce.

Today, against the Energy sector (234 companies), 34.7% sits at the 94th percentile; the middle half of that group runs from -3.6% to 14.9%.

Is it safe

Interest coverage was 2.55x in FY2025, in the band labelled "Speculative grade" (1.50x to 3.00x), on lines anchored on Damodaran's interest-coverage table.

Year by year against peers
Whether Diversified Energy Company PLC's return on equity stayed above the median of the Energy sector, year by year. (FY2024 to FY2025, 2 fiscal years of Diversified Energy Company PLC with a comparable figure)
The direction
Which way Diversified Energy Company PLC's operating margin has moved, and how steadily. (FY2016 to FY2025, 10 filed years of Diversified Energy Company PLC)
What could explain it
What in Diversified Energy Company PLC's filed statements could explain the movements. (11 readings drawn from the statement lines Diversified Energy Company PLC filed)
What to check next
What to check next on Diversified Energy Company PLC, and where in its filings. (8 questions for Diversified Energy Company PLC)
In one paragraph
One paragraph on Diversified Energy Company PLC's returns, cash, balance sheet and price. (14 of sixteen figures read for Diversified Energy Company PLC)

These are DEC’s filed figures. The research desk says what they mean, against peers and its own years, with what to check next.

Research DECPart of Serious. New accounts start with 30 days of Professional, free, no card.

2 of 10

What changed

The newest filing, what it moved, and when the next one is due.

SEC filingCompany statement

The newest accounts on file are the FY2025 annual report: 10-K, filed Feb 26, 2026, accession 0001922446-26-000020.

3 of 10

Quality

The returns the business earns on its capital, and the margins behind them.

SEC filingComputed

Diversified Energy Company PLC: returns on capital and margins, each with its source
FigureValue, source and document
Return on invested capital, after tax
Why n/a

The filed income tax is outside 0 to 100% of pre-tax income (a tax benefit on a profit, a charge on a loss, or a charge above the profit), which is a one-off in the tax line and not a rate operating profit was taxed at, so after-tax operating profit is not computed.

n/a ComputedFY2025 10-K, filed Feb 26, 2026, 0001922446-26-000020
Return on equity34.7% ComputedFY2025 10-K, filed Feb 26, 2026, 0001922446-26-000020
Return on capital employed, pre-tax10.5% ComputedFY2025 10-K, filed Feb 26, 2026, 0001922446-26-000020
Return on assets5.5% ComputedFY2025 10-K, filed Feb 26, 2026, 0001922446-26-000020
Gross margin
Why n/a

Our archived statements for this filer carry no gross profit line, so there is nothing to compute a gross margin from and trace back to source. That may be because the filer presents no cost of revenue, or because we have not captured the concept. We do not guess which.

n/a ComputedFY2025 10-K, filed Feb 26, 2026, 0001922446-26-000020
Operating margin29.3% ComputedFY2025 10-K, filed Feb 26, 2026, 0001922446-26-000020
Net margin18.6% ComputedFY2025 10-K, filed Feb 26, 2026, 0001922446-26-000020
DEC 18.6%
REPX 41.0%TEN 20.1%OBE 6.2%VTS 9.2%HNRG 8.9%
6.2%41.0%
Net margin: DEC against the 5 companies named under Valuation context, each as filed for its own latest year. Placement only: no average is drawn.

4 of 10

Financial strength

What it owes against what it owns, and whether it can meet what falls due.

SEC filingComputedCompany statement

Diversified Energy Company PLC: leverage, liquidity and distress, each with its source
FigureValue, source and document
Debt to equity3.08 ComputedFY2025 10-K, filed Feb 26, 2026, 0001922446-26-000020
Current ratio0.60 ComputedFY2025 10-K, filed Feb 26, 2026, 0001922446-26-000020
Quick ratio0.58 ComputedFY2025 10-K, filed Feb 26, 2026, 0001922446-26-000020
Interest coverage2.55x ComputedFY2025 10-K, filed Feb 26, 2026, 0001922446-26-000020
Altman Z-score0.51 ComputedClose of Oct 15, 2026 · FY2025 10-K, filed Feb 26, 2026, 0001922446-26-000020
Net debt3.00B ComputedFY2025 10-K, filed Feb 26, 2026, 0001922446-26-000020
Total assets 6.17BTotal liabilities 5.17BShareholders' equity 984.1MOwnsOwes, and equity
Total assets Total liabilities Shareholders’ equity
The balance sheet, line by line

Financial health

What Diversified Energy Company PLC owned and owed at the end of fiscal 2025, from the balance sheet it filed (10-K, filed Feb 26, 2026, 0001922446-26-000020).

Diversified Energy Company PLC: balance sheet position
Total assets6.17B FiledFY2025 10-K, filed Feb 26, 2026
Total liabilities5.17B FiledFY2025 10-K, filed Feb 26, 2026
Shareholders' equity984.1M FiledFY2025 10-K, filed Feb 26, 2026
Cash29.7M FiledFY2025 10-K, filed Feb 26, 2026
Total debt3.03B FiledFY2025 10-K, filed Feb 26, 2026
Net debt3.00B
Current ratio0.60
Debt to equity3.08

Read from the filed balance sheet for each year, with the income statement of the same year supplying operating profit where a ratio needs it. Nothing here is a view on whether this company is sound.

5 of 10

Valuation context

What the market charges for it, against its own record and companies like it.

Market dataSEC filingComputed

Diversified Energy Company PLC: what the market charges, each with its source
FigureValue, source and document
Price to earnings3.09x ComputedClose of Oct 15, 2026 · FY2025 10-K, filed Feb 26, 2026, 0001922446-26-000020
P/E on trailing twelve months
Why n/a

Fewer than twenty trading days carry a meaningful trailing price to earnings ratio, so no range is stated.

n/a ComputedClose of Oct 15, 2026 · Trailing four quarters, each as known on the day; the quarterly filings are listed under Filings
Price to book1.09x ComputedClose of Oct 15, 2026 · FY2025 10-K, filed Feb 26, 2026, 0001922446-26-000020
Price to sales0.59x ComputedClose of Oct 15, 2026 · FY2025 10-K, filed Feb 26, 2026, 0001922446-26-000020
Enterprise value to EBIT7.61x ComputedClose of Oct 15, 2026 · FY2025 10-K, filed Feb 26, 2026, 0001922446-26-000020
Enterprise value to EBITDA4.30x ComputedClose of Oct 15, 2026 · FY2025 10-K, filed Feb 26, 2026, 0001922446-26-000020
Price to earnings over growth
Why n/a

We do not hold this figure for this company, so there is nothing to show.

n/a ComputedClose of Oct 15, 2026 · FY2025 10-K, filed Feb 26, 2026, 0001922446-26-000020
Diluted earnings per share4.58 USD FiledFY2025 10-K, filed Feb 26, 2026, 0001922446-26-000020
Graham number37.26 USD ComputedFY2025 10-K, filed Feb 26, 2026, 0001922446-26-000020

We publish no fair value or price target of our own. Value DEC on your own assumptions in the DCF workbench, starting from the filed figures.

Its own record, and companies like it

Valuation

What the market charges for Diversified Energy Company PLC today, and the multiples it has carried. No value of ours: the figures are the filings’ and the market’s.

Diversified Energy Company PLC: valuation
Share price14.43 USD
Market capitalisation1.02B USD
Enterprise value to EBITDA4.30x
Graham number37.26 USD
Diluted earnings per share, FY20254.58 USD

Price to earnings on trailing twelve months: Fewer than twenty trading days carry a meaningful trailing price to earnings ratio, so no range is stated.

Companies like Diversified Energy Company PLC

  1. Riley Exploration Permian, Inc. (REPX)Market cap 1.02B USD
  2. Tsakos Energy Navigation Limited (TEN)Market cap 1.55B USD
  3. Obsidian Energy Ltd. (OBE)Market cap 765.3M USD
  4. Vitesse Energy, Inc. (VTS)Market cap 733.0M USD
  5. Hallador Energy Company (HNRG)Market cap 599.2M USD

Same sector (Energy) and size band (Small, 300M to 2B), nearest in market value, net margin and current ratio. Each of those counts equally, by how many of the companies considered sit between the two on it. Closest first: the order is likeness and nothing else.

6 of 10

Cash generation

Whether profit arrives as cash, and what is paid back to shareholders.

SEC filingComputed

Diversified Energy Company PLC: cash generation and what is paid out, each with its source
FigureValue, source and document
Free cash flow yield26.1% ComputedClose of Oct 15, 2026 · FY2025 10-K, filed Feb 26, 2026, 0001922446-26-000020
Free cash flow280.0M USD ComputedFY2025 10-K, filed Feb 26, 2026, 0001922446-26-000020
Free cash flow margin15.3% ComputedFY2025 10-K, filed Feb 26, 2026, 0001922446-26-000020
Dividend yield7.9% ComputedClose of Oct 15, 2026 · FY2025 10-K, filed Feb 26, 2026, 0001922446-26-000020
Payout ratio24.9% ComputedFY2025 10-K, filed Feb 26, 2026, 0001922446-26-000020
FY2016 Free cash flow: -4.2M USDFY2016 Net income: 17.7M USDFY2017 Free cash flow: -83.3M USDFY2017 Net income: 8.9M USDFY2018 Free cash flow: 69.2M USDFY2018 Net income: 201.1M USDFY2019 Free cash flow: 246.8M USDFY2019 Net income: 99.4M USDFY2020 Free cash flow: 216.9M USDFY2020 Net income: -23.5M USDFY2021 Free cash flow: 270.0M USDFY2021 Net income: -325.2M USDFY2022 Free cash flow: 301.7M USDFY2022 Net income: -625.4M USDFY2023 Free cash flow: 217.2M USDFY2023 Net income: 748.7M USDFY2024 Free cash flow: 168.6M USDFY2024 Net income: -104.4M USDFY2025 Free cash flow: 280.0M USDFY2025 Net income: 341.1M USD
Free cash flow Net incomeProfit that arrives as cash stands level with net income; a gap year after year is worth reading about.

7 of 10

Filings

Every figure, the year it is for and the document it was read from.

SEC filingMarket data

The filed figures

Computed from the accounts this company filed with the SEC and, in a ratio with a price in it, the last close, dated on this page. Every filed figure below carries the fiscal year and the filing date its accounts were read from, and every blank carries the reason it is blank. Nothing here is a view on this company.

Diversified Energy Company PLC: the eight ratios, with the fiscal year and filing date behind each.
FigureValueYearAs of
3.09xFY2025Oct 15, 2026
1.09xFY2025Oct 15, 2026
7.61xFY2025Oct 15, 2026
26.1%FY2025Oct 15, 2026
n/aFY2025Feb 26, 2026
n/a The filed income tax is outside 0 to 100% of pre-tax income (a tax benefit on a profit, a charge on a loss, or a charge above the profit), which is a one-off in the tax line and not a rate operating profit was taxed at, so after-tax operating profit is not computed.
7.9%FY2025Oct 15, 2026
3.08FY2025Feb 26, 2026
0.60FY2025Feb 26, 2026
0.59xFY2025Oct 15, 2026
n/aFY2025Oct 15, 2026
n/a This figure compares a year against the one before it, and we hold one filed year for this company.
0.51FY2025Oct 15, 2026
-1.73FY2025Feb 26, 2026
6/9FY2025Feb 26, 2026

The figures are computed from the accounts for fiscal 2025, the newest full year on file. 3 filed fiscal years on record, FY2023 to FY2025, from SEC EDGAR. Prices as of Oct 15, 2026. Ratios recomputed Oct 15, 2026. Two facts, because a recompute is not a fresh quote.

The year and the filing date name the statement each figure’s accounts are read from, and they stand even where the figure itself could not be computed: the line beneath a blank says what that statement did not carry. A figure’s name opens its formula and the filings behind it; a statement that names no SEC filing has no filing date, and reads n/a.

Ten years of filed figures, year by year

Ten years of filed figures

10 fiscal years, FY2016 to FY2025. 3 read from the annual reports Diversified Energy Company PLC filed with the SEC, each naming its filing; the rest from statements that name none, which are market data. Amounts in USD, as reported.

Diversified Energy Company PLC: revenue, earnings, free cash flow and returns, by fiscal year, with the filing each year was read from
YearRevenueOperating incomeNet incomeEPS, dilutedFree cash flowOperating marginReturn on equityFiling
FY20251.83B535.0M341.1M4.58280.0M29.3%34.7%10-K, Feb 26, 20260001922446-26-000020
FY2024757.3M-97.1M-104.4M-2.17168.6M-12.8%-26.1%10-K, Feb 26, 20260001922446-26-000020
FY20231.95B1.11B748.7M15.76217.2M56.9%n/a10-K, Feb 26, 20260001922446-26-000020
FY20221.92B-671.4M-625.4Mn/a301.7M-35.0%n/mMarket data, supplied Oct 15, 2026accession n/a
FY2021977.0M-467.1M-325.2Mn/a270.0M-47.8%-50.2%Market data, supplied Oct 15, 2026accession n/a
FY2020408.7M-77.6M-23.5Mn/a216.9M-19.0%-2.6%Market data, supplied Oct 15, 2026accession n/a
FY2019462.3M107.1M99.4Mn/a246.8M23.2%10.6%Market data, supplied Oct 15, 2026accession n/a
FY2018289.8M295.0M201.1Mn/a69.2M101.8%26.9%Market data, supplied Oct 15, 2026accession n/a
FY201741.8M16.2M8.9Mn/a-83.3M38.8%9.9%Market data, supplied Oct 15, 2026accession n/a
FY201618.3M22.4M17.7Mn/a-4.2M122.8%193.0%Market data, supplied Oct 15, 2026accession n/a
  • Revenue, compound annual growth FY2016 to FY2025: 66.8%
  • Earnings, compound annual growth FY2016 to FY2025: 38.9%
  • Earnings per share, compound annual growth FY2023 to FY2025: -46.1%
  • Free cash flow: Free cash flow was not positive in both 2016 and 2025, so a compound rate across the window is not defined. Both figures are in the table.

Every figure in this section is a line of a filed annual statement or a ratio of two of them. Nothing here is estimated or smoothed. Earnings per share filed before a share split are put on today's share count, and say so. Nothing here is a verdict on the company.

8 of 10

Risks and guardrails

The accounting screens, the published tests, and the lines you can set to be told.

ComputedCompany statement

Diversified Energy Company PLC: accounting screens and published tests, each with its source
FigureValue, source and document
Beneish M-score-1.73 ComputedFY2025 10-K, filed Feb 26, 2026, 0001922446-26-000020
Piotroski F-score6/9 ComputedFY2025 10-K, filed Feb 26, 2026, 0001922446-26-000020
Named tests met5 of 30 Computed
Beta0.27 ComputedClose of Oct 15, 2026

The named tests

Of 30 tests value investors published: 5 met, 21 not met, 4 we could not complete. Counts, never a score: a single figure would have to decide that meeting one investor’s criteria and meeting another’s are worth the same.

Which tests, by name(all 30)
Meets
P/E times P/B (Benjamin Graham); Owner earnings yield; Low P/S, rising earnings (James O'Shaughnessy); Cash-covered dividend; Cheapest quarter on P/E (David Dreman)
Does not
Defensive investor (Benjamin Graham); Deep value; Large cap, low P/E; High F-score, low P/B (Joseph Piotroski); Three forensic scores; Low PEG, low debt (Peter Lynch); High returns and growth; Gross margin, turnover (Robert Novy-Marx); EV/EBITDA and coverage; High yield, low payout; Dividends and buybacks; Low beta, profitable; Near the 52-week low; Z-score and coverage (Edward Altman); Two thirds of NCAV (Benjamin Graham); High returns, low debt; High return on tangibles; Book or below, low debt (Walter Schloss); Tangible book or below; Clean books, high ROIC; Cheapest quarter on P/B (David Dreman)
Not measured
Earnings yield and ROIC (Joel Greenblatt); ROIC at or above WACC; Cash-flow yield and ROIC; Low P/E, growth, yield (John Neff). A test with a figure we could not read is incomplete, never met and never failed.
Figures we could not read(5)
  • Return on Invested Capital: The filed income tax is outside 0 to 100% of pre-tax income (a tax benefit on a profit, a charge on a loss, or a charge above the profit), which is a one-off in the tax line and not a rate operating profit was taxed at, so after-tax operating profit is not computed.
  • PEG Ratio: We do not hold this figure for this company, so there is nothing to show.
  • Eps Growth 5Y: We do not hold this figure for this company, so there is nothing to show.
  • Gross Margin: Our archived statements for this filer carry no gross profit line, so there is nothing to compute a gross margin from and trace back to source. That may be because the filer presents no cost of revenue, or because we have not captured the concept. We do not guess which.
  • ROIC-WACC Spread: We do not hold this figure for this company, so there is nothing to show.

9 of 10

Declared positions

Whether anybody here owns this company.

Positions declared by the founder: no holding in any company shown here, as of October 3, 2026.

10 of 10

Next step

What to do with what you have read.

A thesis is your reason for owning it, in your words, with the figures that must stay true. Checking those figures every night against the newest filed accounts, and telling you once when one breaks, is what the subscription adds.

More on this company

What this cannot tell you

  • 5 figures could not be read on this company, among them Return on Invested Capital, PEG Ratio, Eps Growth 5Y. Each blank in the table above names the rest, with its reason. 4 named tests come back incomplete because of them, which is neither met nor missed.
  • We hold 3 filed fiscal years rather than 10, so the run above is shorter than a full decade and is counted as what it is.

And the one that is true of all of it: This is what the numbers say today. It cannot tell you the day one of them stops being true. Nothing here can, because the reasons are not written down.

Running this once is arithmetic on public documents and you are welcome to it. Writing down why you own each company, in your own words and with the numbers that have to stay true for it to hold, and then having those numbers re-checked every night against the newest filed accounts, and against the latest close where a rule watches a price, is Professional, the plan a new account starts on for 30 days, one trial per person. It writes to you the day one breaks, and stays quiet when nothing does. The check runs every night at 23:30 UTC. A filing is picked up the night after it is published.

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ValueScreener · valuescreener.ai · Computed from accounts filed with the SEC by this company, read from EDGAR, and from dated closing prices. On this page a filed figure opens into its formula, its inputs and the statement, fiscal year and filing date it was read from, and a price into the day of its close. A figure that cannot show that trail says so.

A computation on accounts filed with the SEC, not a recommendation and not advice. Past filings do not indicate future results. Risk disclaimer.

Once a week, what changed in the filings of US-listed companies, why it can matter to a thesis, and what deserves a closer review. Grounded in filings, not market noise.

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Risk disclaimer. This service is provided for research and education only. Nothing on it is investment advice, a recommendation, or an offer to buy or sell any security. Capital is at risk, and past performance does not indicate future results. Figures come from filed accounts and may be incomplete, delayed or later restated, so verify a number against the filing before you act on it.