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AI brief of an SEC Form 8-K · Diversified Energy Co (DEC)

Diversified Energy Q3 net loss of $202 million includes $348 million derivative loss

Mixed Impact 3 of 5 earnings Written later

Diversified Energy reported third quarter 2026 results, with a net loss of $202 million that includes a $348 million loss on non-cash unsettled derivatives. Total commodity revenue rose to $470 million from $373 million a year earlier, while adjusted EBITDA fell to $256 million from $285 million and the company reiterated its full-year 2026 guidance. The Birch acquisition remains on track to close in the fourth quarter.

Key points

  • Q3 2026 net loss of $(202) million versus net income of $171 million in Q3 2025, including a $(348) million loss on non-cash unsettled derivatives
  • Total commodity revenue of $470 million in Q3 2026 versus $373 million in Q3 2025; adjusted EBITDA of $256 million versus $285 million
  • Full-year 2026 guidance reiterated: adjusted EBITDA of $960 million to $1.01 billion, excluding Birch; Birch closing expected in Q4 2026
  • Year-to-date share repurchases of $94 million; net debt-to-pro forma adjusted EBITDA of 2.66x as of September 30, 2026

The filing

CompanyDiversified Energy Co (DEC)
Form8-K, current report
Filed with the SECNov 4, 2026, 4:24 PM ET
Accession number0001922446-26-000109

Items reported: 2.02 Results of Operations7.01 Regulation FD Disclosure

Read the filing on SEC.gov ↗

Written by AI on Nov 9, 2026, 11:44 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on November 04, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.