Diversified Energy's second quarter revenue of $504M beats estimates, driven by stronger-than-expected production.

Diversified Energy reported second quarter 2026 total commodity revenue of $504 million, beating analyst estimates of $492.5 million. The company announced net income of $248 million and Adjusted EBITDA of $240 million, supported by average production that also exceeded expectations.

Key Highlights

• Average production for the second quarter was 1,253 MMcfepd, surpassing the analyst consensus estimate of 1,210 MMcfepd.
• Generated $115 million in Adjusted Free Cash Flow and declared a quarterly dividend of $0.29 per share.
• Completed the strategic sale of non-core Barnett and Arkansas assets for $147 million to enhance profitability and strengthen free cash flow.
• Updated full-year 2026 guidance, now expecting Adjusted EBITDA between $960 million and $1,010 million and total capital expenditures of $225 to $255 million.