Diversified Energy Company PLC (DEC) Balance Sheet
DEC balance sheet, 2025
December 31, 2025 · U.S. dollars$6.17B assets = $5.17B liabilities + $995.0M equity
Both columns are drawn to the same scale: what DEC owns equals what it owes plus shareholders’ equity. Hover a block for its value.
DEC financial health
Descriptive bands, not a rating. Fiscal 2025.
DEC balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $85.9M2016 | $6.17B2025 | +60.8%/yr | |
| Total liabilities | $76.7M2016 | $5.17B2025 | +59.7%/yr | |
| Shareholders’ equity | $9.2M2016 | $984.1M2025 | +68.1%/yr | |
| Cash & short-term investments | $224,0002016 | $29.7M2025 | +72.1%/yr | |
| Total debt | $37.7M2016 | $3.03B2025 | +62.8%/yr | |
| Net cash (debt) | −$37.5M2016 | −$3.00B2025 | −$3.0B | |
| Working capital | −$33.9M2016 | −$425.5M2025 | −$391.7M | |
| Book value per share | $38.612018 | $13.212025 | −14.2%/yr | |
| Current ratio | 0.122016 | 0.602025 | +0.48 | |
| Debt / equity | 4.122016 | 3.082025 | −1.04 | |
| Shares outstanding | 19.4M2018 | 74.5M2025 | +21.2%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
DEC assets
DEC liabilities and equity
DEC debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
DEC balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $29.7M | $6.0M | $3.8M | $7.3M | $12.6M | $1.4M | $1.7M | $1.4M | $15.2M | $224,000 |
| Cash & equivalents | $29.7M | $6.0M | $3.8M | $7.3M | $12.6M | $1.4M | $1.7M | $1.4M | $15.2M | $224,000 |
| Short-term investments | — | — | $41.9M | — | — | — | — | — | — | — |
| Receivables | $279.8M | $234.4M | $190.2M | $296.8M | $282.9M | $67.0M | $73.9M | $78.5M | $13.9M | $3.1M |
| Inventory | $27.8M | $9.6M | $7.8M | $9.2M | $9.4M | $6.3M | $5.2M | $5.3M | $1 | $1 |
| Other current assets | $312.8M | $54.3M | $102.8M | $40.9M | $32.2M | $19.8M | $79.6M | $26.5M | $512,999 | $1.3M |
| Total current assets | $650.2M | $304.3M | $304.6M | $354.2M | $337.1M | $94.5M | $160.4M | $111.6M | $29.6M | $4.6M |
| Property, plant & equipment (net) | $446.0M | $3.36B | $2.95B | $3.02B | $2.94B | $2.14B | $1.83B | $1.42B | $197.3M | $80.1M |
| Goodwill & intangible assets | $4.3M | $15.2M | $19.4M | $21.1M | $14.1M | $19.2M | $16.0M | $0 | $0 | $0 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $5.07B | $328.8M | $203.5M | $436.9M | $198.9M | $39.8M | $0 | $27.7M | $1.8M | $1.1M |
| Total assets | $6.17B | $4.00B | $3.47B | $3.83B | $3.49B | $2.29B | $2.01B | $1.56B | $228.7M | $85.9M |
| Liabilities | ||||||||||
| Accounts payable | $81.8M | $209.5M | $49.5M | $90.4M | $61.6M | $19.2M | $16.7M | $9.4M | $2.1M | $3.4M |
| Short-term debt | $260.7M | $223.2M | $211.4M | $280.4M | $68.4M | $70.0M | $24.5M | $1.1M | $697,000 | $30.9M |
| Deferred revenue | — | — | $143.3M | $133.5M | $110.4M | $64.5M | — | $13.9M | — | $2.1M |
| Total current liabilities | $1.08B | $760.0M | $638.4M | $1.13B | $773.6M | $196.5M | $126.9M | $64.3M | $15.3M | $38.5M |
| Long-term debt | $2.77B | $1.51B | $1.10B | $1.19B | $951.5M | $652.3M | $0 | $0 | $0 | $0 |
| Lease obligations | $75.7M | $44.6M | $31.1M | $28.9M | $27.8M | $18.9M | — | — | — | — |
| Other long-term liabilities | $1.33B | $1.26B | $1.14B | $1.65B | $1.11B | $555.2M | $941.0M | $743.8M | $123.7M | $38.2M |
| Total liabilities | $5.17B | $3.54B | $2.88B | $3.97B | $2.83B | $1.40B | $1.07B | $808.1M | $139.0M | $76.7M |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $769,000 | $13.8M | $12.9M | $11.5M | $11.6M | $9.5M | $8.8M | $7.3M | $1.9M | $669,000 |
| Retained earnings (deficit) | −$507.8M | −$725.0M | −$547.3M | −$1.13B | −$362.7M | $27.2M | $164.8M | $200.5M | $12.1M | $8.7M |
| Accumulated other comprehensive income | −$583,000 | $20.2M | $14.4M | $17.6M | $14.2M | $8.8M | $3.9M | $364,000 | −$419,000 | −$478,000 |
| Minority interest | $10.9M | $11.9M | $12.6M | $15.0M | — | — | — | — | — | — |
| Total shareholders' equity | $984.1M | $452.7M | $585.8M | −$152.7M | $647.4M | $886.7M | $938.1M | $748.9M | $89.7M | $9.2M |
| Key figures | ||||||||||
| Total debt | $3.03B | $1.74B | $1.31B | $1.47B | $1.04B | $736.1M | $624.3M | $486.4M | $72.2M | $37.7M |
| Net cash (debt) | −$3.00B | −$1.73B | −$1.30B | −$1.46B | −$1.03B | −$734.7M | −$622.7M | −$485.0M | −$57.0M | −$37.5M |
| Working capital | −$425.5M | −$455.7M | −$333.8M | −$777.4M | −$436.5M | −$102.0M | $33.5M | $47.3M | $14.3M | −$33.9M |
| Tangible book value | $979.7M | $437.5M | $566.5M | −$173.8M | $633.3M | $867.4M | $922.2M | $748.9M | $89.7M | $9.2M |
| Book value per share | $13.21 | $9.52 | $12.33 | −$3.62 | $16.32 | $25.88 | $29.10 | $38.61 | — | — |
| Shares outstanding | 74.5M | 47.6M | 47.5M | 42.2M | 39.7M | 34.3M | 32.2M | 19.4M | — | — |
| Current ratio | 0.60 | 0.40 | 0.48 | 0.31 | 0.44 | 0.48 | 1.26 | 1.74 | 1.93 | 0.12 |
| Quick ratio | 0.29 | 0.32 | 0.30 | 0.27 | 0.38 | 0.35 | 0.60 | 1.24 | 1.90 | 0.09 |
| Debt / equity | 3.08 | 3.84 | 2.23 | — | 1.60 | 0.83 | 0.67 | 0.65 | 0.80 | 4.12 |
| Equity / assets | 16.0% | 11.3% | 16.9% | −4.0% | 18.5% | 38.7% | 46.8% | 48.1% | 39.2% | 10.7% |
| Jun '26 | Mar '26 | Dec '25 | Jun '25 | Dec '24 | Jun '24 | Dec '23 | Sep '23 | Jun '23 | Dec '22 | Jun '22 | Dec '21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $8.2M | $29.7M | $29.7M | $23.7M | $6.0M | $3.5M | $3.8M | $3.8M | $4.2M | $7.3M | $187.3M | $12.6M |
| Cash & equivalents | $8.2M | $29.7M | $29.7M | $23.7M | $6.0M | $3.5M | $3.8M | $3.8M | $4.2M | $7.3M | $187.3M | $12.6M |
| Short-term investments | — | — | — | — | — | $18.6M | — | — | — | — | — | — |
| Receivables | $407.8M | $279.8M | $408.4M | $334.4M | $234.4M | $180.0M | $190.2M | $190.2M | $195.0M | $296.8M | $383.6M | $282.9M |
| Inventory | $0 | $27.8M | $27.8M | $0 | $9.6M | $1 | $7.8M | $7.8M | $1 | $9.2M | $8.4M | $9.4M |
| Other current assets | $135.5M | $312.8M | $184.3M | $128.9M | $54.3M | $105.5M | $102.8M | $102.8M | $139.5M | $40.9M | $37.1M | $32.2M |
| Total current assets | $551.5M | $650.2M | $650.2M | $487.1M | $304.3M | $289.0M | $304.6M | $304.6M | $338.7M | $354.2M | $616.5M | $337.1M |
| Property, plant & equipment (net) | $458.3M | $446.0M | $446.0M | $4.75B | $3.36B | $3.17B | $2.95B | $2.95B | $3.16B | $3.02B | $2.87B | $2.94B |
| Goodwill & intangible assets | $0 | $4.3M | $3.2M | $13.0M | $15.2M | $15.7M | $19.4M | $19.4M | $20.8M | $21.1M | $14.7M | $14.1M |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $5.10B | $5.07B | $5.07B | $416.9M | $328.8M | $338.5M | $203.5M | $203.5M | $248.3M | $436.9M | $533.0M | $198.9M |
| Total assets | $6.11B | $6.17B | $6.17B | $5.66B | $4.00B | $3.82B | $3.47B | $3.47B | $3.76B | $3.83B | $4.03B | $3.49B |
| Liabilities | ||||||||||||
| Accounts payable | $129.5M | $81.8M | $81.8M | $81.3M | $209.5M | $60.5M | $49.5M | $49.5M | $69.7M | $90.4M | $36.2M | $61.6M |
| Short-term debt | $118.1M | $260.7M | $236.6M | $236.1M | $223.2M | $225.3M | $211.4M | $200.8M | $242.5M | $280.4M | $274.0M | $68.4M |
| Deferred revenue | $241.2M | — | — | — | — | $42.6M | $143.3M | — | $98.2M | $133.5M | — | — |
| Total current liabilities | $969.8M | $1.08B | $1.08B | $906.4M | $760.0M | $658.0M | $638.4M | $638.4M | $713.1M | $1.13B | $1.57B | $773.6M |
| Long-term debt | $2.82B | $2.65B | $2.77B | $2.52B | $1.51B | $1.47B | $1.08B | $0 | $1.27B | $0 | $0 | $0 |
| Lease obligations | $31.5M | — | $75.7M | $83.7M | $44.6M | $43.0M | $31.1M | — | $33.3M | — | — | — |
| Other long-term liabilities | $1.35B | $1.45B | $1.33B | $1.50B | $1.26B | $1.14B | $1.16B | $2.24B | $1.22B | $2.84B | $2.82B | $2.06B |
| Total liabilities | $5.15B | $5.17B | $5.17B | $4.94B | $3.54B | $3.27B | $2.88B | $2.88B | $3.20B | $3.97B | $4.39B | $2.83B |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $713,000 | $769,000 | $769,000 | $20.7M | $13.8M | $12.8M | $12.9M | $12.9M | $13.1M | $11.5M | $11.6M | $11.6M |
| Retained earnings (deficit) | −$468.3M | −$507.8M | −$507.8M | −$802.0M | −$725.0M | −$591.6M | −$547.3M | −$547.3M | −$590.1M | −$1.13B | −$1.44B | −$362.7M |
| Accumulated other comprehensive income | −$583,000 | −$583,000 | −$583,000 | $267.1M | $20.2M | $15.9M | $14.4M | $14.4M | $9.6M | $17.6M | $7.8M | $14.2M |
| Minority interest | $10.9M | $10.6M | $10.9M | $11.5M | $11.9M | — | — | — | — | — | — | — |
| Total shareholders' equity | $950.7M | $984.1M | $984.1M | $716.2M | $452.7M | $535.9M | $585.8M | $585.8M | $547.9M | −$152.7M | −$370.0M | $647.4M |
| Key figures | ||||||||||||
| Total debt | $2.96B | $3.03B | $236.6M | $2.76B | $1.74B | $1.70B | $1.31B | $1.30B | $1.54B | $1.47B | $1.36B | $1.04B |
| Net cash (debt) | −$2.95B | −$3.00B | −$206.9M | −$2.74B | −$1.73B | −$1.69B | −$1.30B | −$1.29B | −$1.53B | −$1.46B | −$1.17B | −$1.03B |
| Working capital | −$418.3M | −$425.5M | −$425.5M | −$419.3M | −$455.7M | −$369.0M | −$333.8M | −$333.8M | −$374.4M | −$777.4M | −$948.5M | −$436.5M |
| Tangible book value | $950.7M | $979.7M | $980.8M | $703.2M | $437.5M | $520.3M | $566.5M | $566.5M | $527.1M | −$173.8M | −$384.8M | $633.3M |
| Book value per share | $12.73 | $13.21 | $13.21 | $10.41 | $9.52 | $11.27 | $12.32 | $12.17 | $11.69 | −$3.68 | −$8.71 | $15.24 |
| Shares outstanding | 74.7M | 74.5M | 74.5M | 68.8M | 47.6M | 47.6M | 47.6M | 48.1M | 46.9M | 41.4M | 42.5M | 42.5M |
| Current ratio | 0.57 | 0.60 | 0.60 | 0.54 | 0.40 | 0.44 | 0.48 | 0.48 | 0.47 | 0.31 | 0.39 | 0.44 |
| Quick ratio | 0.43 | 0.29 | 0.41 | 0.40 | 0.32 | 0.28 | 0.30 | 0.30 | 0.28 | 0.27 | 0.36 | 0.38 |
| Debt / equity | 3.12 | 3.08 | 0.24 | 3.85 | 3.84 | 3.17 | 2.23 | 2.21 | 2.81 | — | — | 1.60 |
| Equity / assets | 15.6% | 16.0% | 16.0% | 12.6% | 11.3% | 14.0% | 16.9% | 16.9% | 14.6% | −4.0% | −9.2% | 18.5% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed February 26, 2026); data from EODHD.
DEC financial position
At the end of fiscal 2025 (December 31, 2025), Diversified Energy had total assets of $6.2 billion (up 54.1% from a year earlier), total liabilities of $5.2 billion and shareholders' equity of $984.1 million. It held $29.7 million in cash and short-term investments against $3.0 billion of debt, net debt of $3.0 billion. Its current ratio was 0.60. In the latest quarter (ended June 30, 2026) total assets were $6.1 billion and equity $950.7 million.
Related: DEC income statement, DEC cash flow statement, DEC key metrics. See the DEC stock overview for the latest quote and news.
DEC balance sheet FAQ
What are Diversified Energy's total assets?
Diversified Energy reported total assets of $6.2 billion at the end of fiscal 2025 (December 31, 2025), compared with $4.0 billion a year earlier.
How much debt does Diversified Energy have?
Diversified Energy had $3.0 billion of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 3.08.
How much cash does Diversified Energy have?
Diversified Energy held $29.7 million in cash and short-term investments at the end of fiscal 2025; with $3.0 billion of debt that is net debt of $3.0 billion.
What is Diversified Energy's book value?
Diversified Energy's shareholders' equity (book value) was $984.1 million at the end of fiscal 2025, or $13.21 per share.
What is Diversified Energy's current ratio?
Diversified Energy had current assets of $650.2 million and current liabilities of $1.1 billion, a current ratio of 0.60 (current liabilities exceed current assets).
How much goodwill does Diversified Energy have?
Diversified Energy carried $4.3 million of goodwill and intangible assets, 0.1% of total assets, at the end of fiscal 2025.