DEC at a glance
Diversified Energy Co (DEC, SEC CIK 1922446) filed its latest 10-K annual report on February 26, 2026, a 10-Q quarterly report on August 5, 2026, an 8-K current report on September 18, 2026 and Form 4 insider filings as recently as October 1, 2026. SignalX summarizes each filing with AI and tracks the company's insider trades and institutional holders.
- For the fiscal year ended December 31, 2025 (FY2025), Diversified Energy Co (DEC) reported revenue of $1.8 billion and net income of $341.1 million. Diluted EPS was $4.58.
- As of September 30, 2025, 23 institutional investment managers tracked by SignalX reported holding Diversified Energy Co (DEC) shares worth $244.2 million in 13F-HR filings.
Source: SEC EDGAR (XBRL financial data, 13F-HR and Form 4 filings).
- Revenue · FY2025
- $1.8B
- 10-K XBRL
- Insiders · 90 days
- 0 buys · 0 sells
- No open-market trades
- 13F holders
- 23 funds
- $244.2M · −1 vs prior quarter
- Latest 8-K
- Sep 18, 2026
- Current report
AI 10-K Annual Report Analysis
Latest 10-K, fiscal year ended Dec 31, 2025
Business Overview
- Core business model: Production, transportation, and marketing of natural gas, NGLs, and oil emphasizing mature, long-life assets with lifecycle asset management
- New initiatives: Launched $70M well plugging fund in West Virginia for 20 years and completed U.S. Domestication creating publicly traded Delaware parent
- Strategic shift: Major acquisitions of Maverick Natural Resources ($666M) and Canvas Energy ($533M) expanding reserves and operational footprint
- Quantitative highlight: Proved reserves increased 68% to 6,082,483 MMcfe; average daily production up 37% to 1,086 MMcfepd
- Noteworthy financing: Issued $300M Nordic bonds and $530M ABS X asset-backed notes secured by acquired upstream assets
Risk Factors
- EPA rescinded GHG endangerment finding Feb 2026, potentially rolling back regulation, but future state-level emission costs/taxes pose risks
- Exposure to Ukraine and Middle East conflicts influencing volatile natural gas, NGL and oil prices impacting revenue and reserves valuation
- Dependence on MarkWest Langley, KY NGL processing plant; loss during high pricing periods would reduce revenue and production capacity
- Increasing competition from companies with advanced technology and capital, including private equity entrants, heightening market pressure
- Securitization reliance may limit access to capital; inability to securitize could force costlier financing affecting liquidity and growth
Management Discussion & Analysis
- Revenue $1.54B in 2025, up 110% from $732M in 2024, driven by 53% higher prices and 37% volume increase from acquisitions
- Operating expenses $1.29B (3.25 $/Mcfe) in 2025 vs $854M (2.95 $/Mcfe) in 2024; LOE rose 98%, production taxes 141% reflecting higher liquids exposure and property taxes
- Best segment: Oil revenue $501M, up 328% YoY; worst segment: NGLs revenue $208M, up 38%, with slight price decline
- Net gain on derivatives $218M in 2025 vs loss $(38)M in 2024; Interest expense $210M up 53% due to new debt issuances; total borrowings $3.0B vs $1.7B
- No specific forward guidance; management highlights market volatility, commodity price hedging covering 80% production, inflationary and policy risks impacting costs
AI summary of the DEC 10-K filed . Generated from the filing text; verify against the original.View on SEC EDGARHow to read a 10-K
AI 10-Q Quarterly Report Analysis
Latest 10-Q, quarter ended Jun 30, 2026
Management Discussion & Analysis
- Commodity revenue $503.7M, up 28% YoY from $394.8M, driven by 9% higher volumes and 17% higher realized prices
- Best performer oil revenue $254.2M, up $105.0M YoY; natural gas revenue fell $29.2M to $163.7M
- Total operating expenses $340.1M, up 15% YoY; expense per Mcfe $2.98 vs $2.82
- Production 114.0 Bcfe, up 9% YoY; oil volumes increased 15% to 2.685 MBbls
- Near-term headwinds: Henry Hub averaged $2.90/MMBtu, tariffs, commodity volatility, inflation, labor availability and supply chains
Risk Factors
- New development-program risk triggered by shift from acquisitions toward operated drilling and completion activities
- Reserve-estimation risk from uncertain geological analyses, type curves, commodity prices, and development costs
- Regulatory risk from permitting delays and environmental, health, and safety requirements for drilling operations
- Operational risk from contractor, rig, equipment, and critical-service shortages
- Financial risk from capital commitments preceding production cash flows, increasing return variability versus historical acquisitions
AI summary of the DEC 10-Q filed . Generated from the filing text; verify against the original.View on SEC EDGAR10-K vs 10-Q vs 8-K
AI 8-K Current Report Analysis
The most recent material events, by 8-K item
Item EX-99.1: Item EX-99.1
- Camino’s audited 2025 statements received an unqualified EY opinion, supporting reliability of reported financial information
- Revenue rose to $665.2M from $543.5M, driven primarily by affiliate natural gas revenue of $214.3M
Item 1.01: Entry into a Material Definitive Agreement
- $1.8B acquisition adds 46,000 net Midland Basin mineral acres, 500 gross operated wells, and midstream and water infrastructure
- Funding expected through approximately $1.5B asset-backed securitization plus revolving-credit liquidity
Item 7.01: Regulation FD Disclosure
- Definitive agreements signed to acquire Birch Permian Holdings, Inc. and affiliated companies
- Acquisition announcement signals potential expansion of Diversified Energy’s Permian Basin position
AI summaries of DEC 8-K current reports filed with the SEC. What 8-K item codes mean
SignalX for DEC
Don't miss the next DEC filing
- Alerts as it files. A push when DEC files an 8-K or an insider trades.
- Fund moves. Which tracked funds opened, added or cut DEC, by share count.
- Ask anything. An AI agent that reads every DEC filing and answers with sources.
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Recent Insider Transactions (Form 4)
Latest reported trades by officers, directors and 10% owners
| Insider | Type | Date | Shares | Price |
|---|---|---|---|---|
| SULLIVAN BENJAMIN | A | Sep 30, 2026 | 1,786 | - |
| SULLIVAN BENJAMIN | A | Sep 30, 2026 | 1,050 | - |
| Garrett Michael Walton | A | Sep 30, 2026 | 339 | - |
| Garrett Michael Walton | A | Sep 30, 2026 | 410 | - |
| Garrett Michael Walton | A | Sep 30, 2026 | 270 | - |
| SULLIVAN BENJAMIN | A | Sep 30, 2026 | 4,095 | - |
| Ridgway Ron Lee | A | Sep 30, 2026 | 694 | - |
| Ridgway Ron Lee | A | Sep 30, 2026 | 663 | - |
Financial SummaryXBRL
| Metric | FY2023 | FY2024 | FY2025 |
|---|---|---|---|
| Profitability | |||
| Revenue | - | - | $1.8B |
| Operating Income | - | - | $535.0M |
| Net Income | - | - | $341.1M |
| Op. Margin | - | - | 29.2% |
| Net Margin | - | - | 18.6% |
| Balance Sheet | |||
| Total Assets | - | - | $6.2B |
| Equity | - | - | $984.1M |
| ROE | - | - | 34.7% |
| Per Share | |||
| EPS | - | - | $4.58 |
| Cash Flow | |||
| Operating CF | - | - | $464.6M |
| CapEx | $74.3M | $52.1M | $184.6M |
Source: XBRL data in Diversified Energy Co (DEC)'s 10-K filings on SEC EDGAR, in USD. Compare across companies →
13F Fund Holdings: Quarterly Trend
Latest: Q3 2025Aggregate DEC share value held by 13F filers tracked by SignalX, by quarter.
Quarterly totals table
| Quarter | Funds | Total value |
|---|---|---|
| Q3 2025 | 23 | $244.2M |
| Q2 2025 | 24 | $240.5M |
| Q1 2025 | 19 | $107.8M |
| Q4 2024 | 12 | $71.6M |
| Q3 2024 | 10 | $14.5M |
- Citadel Advisors LLC+767.4K (+48%)
- Ameriprise Financial+435.2K (+12%)
- D.E. Shaw & Co+221.0K (+373%)
- Two Sigma Investments+189.3K (+65%)
- BlackRock+71.7K (+2%)
- Bank of America Corp−232.0K (-75%)
- Goldman Sachs Group−214.1K (-20%)
- Vanguard Group Inc−173.0K (-4%)
- Millennium Management−37.6K (-29%)
- Citigroup−35.0K (-68%)
Source: 13F-HR filings on SEC EDGAR (aggregated from 88 fund-quarter rows). Reflects only 13F filers tracked by SignalX, not the full institutional ownership universe. How 13F filings work
DEC filing archive
AI analysis pages for each 10-K, 10-Q and 8-K
10-K annual reports
10-Q quarterly reports
Latest 2026 SEC Filings: 10-K, 10-Q, 8-K & Form 4
| Form | Filing date | Period | Analysis | SEC |
|---|---|---|---|---|
| 4 | Oct 1, 2026 | - | - | - |
| 4 | Oct 1, 2026 | - | - | - |
| 4 | Oct 1, 2026 | - | - | - |
| 4 | Oct 1, 2026 | - | - | - |
| 4 | Oct 1, 2026 | - | - | - |
| 4 | Oct 1, 2026 | - | - | - |
| 4 | Oct 1, 2026 | - | - | - |
| 4 | Oct 1, 2026 | - | - | - |
| 4 | Oct 1, 2026 | - | - | - |
| 4 | Oct 1, 2026 | - | - | - |
| 8-K | Sep 18, 2026 | - | Analysis | - |
| 8-K | Sep 9, 2026 | - | Analysis | - |
| 8-K | Sep 3, 2026 | - | Analysis | - |
| 8-K | Aug 14, 2026 | - | Analysis | - |
| 8-K | Aug 10, 2026 | - | Analysis | - |
| 4 | Aug 7, 2026 | - | - | - |
| 10-Q | Aug 5, 2026 | Jun 30, 2026 | Analysis | |
| 8-K | Aug 5, 2026 | - | Analysis | - |
| 8-K | Jul 14, 2026 | - | - | - |
| 8-K | Jul 6, 2026 | - | Analysis | - |
| 4 | Jul 1, 2026 | - | - | - |
| 4 | Jul 1, 2026 | - | - | - |
| 4 | Jul 1, 2026 | - | - | - |
| 4 | Jul 1, 2026 | - | - | - |
| 4 | Jul 1, 2026 | - | - | - |
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DEC SEC filings: frequently asked questions
Which institutions hold DEC stock?
As of September 30, 2025, the largest Diversified Energy Co (DEC) holders among the 13F filers tracked by SignalX were Ameriprise Financial ($57.6 million), Vanguard Group Inc ($55.0 million), BlackRock ($44.1 million), Citadel Advisors LLC ($33.3 million), Goldman Sachs Group ($12.3 million). 13F-HR reports are filed up to 45 days after each quarter ends.
What was DEC's revenue in fiscal year 2025?
For the fiscal year ended December 31, 2025 (FY2025), Diversified Energy Co (DEC) reported revenue of $1.8 billion and net income of $341.1 million. Diluted EPS was $4.58. The figures come from the XBRL data in the 10-K.
What are the main risks in DEC's latest 10-K?
In the 10-K filed February 26, 2026, Diversified Energy Co (DEC) flagged: EPA rescinded GHG endangerment finding Feb 2026, potentially rolling back regulation, but future state-level emission costs/taxes pose risks. Exposure to Ukraine and Middle East conflicts influencing volatile natural gas, NGL and oil prices impacting revenue and reserves valuation. (AI summary of the Risk Factors section.)
What did DEC report in its latest 8-K?
Diversified Energy Co (DEC) filed an 8-K on September 18, 2026. Camino’s audited 2025 statements received an unqualified EY opinion, supporting reliability of reported financial information.
What are the latest DEC SEC filings?
Diversified Energy Co (DEC) filed its latest 10-K annual report on February 26, 2026, a 10-Q quarterly report on August 5, 2026, an 8-K current report on September 18, 2026 and a Form 4 insider filing on October 1, 2026.
What is DEC's SEC CIK number?
Diversified Energy Co (DEC)'s SEC Central Index Key (CIK) is 1922446. EDGAR lists every DEC filing under that number.
Ask anything about DEC
The research agent reads DEC's filings, financials, insider trades and 13F holders, then answers with sources.