REG-Diversified Energy Reports First Quarter 2026 Results
Diversified Energy reported Q1 2026 revenue of $556 million, up 69% year-over-year, driven by a 39% increase in average production to 1,198 MMcfepd. Adjusted EBITDA surged 108% to $287 million, while Adjusted Free Cash Flow grew 157% to $160 million, facilitating $92 million in debt reduction and improving the leverage ratio to 2.2x.
Key figures
- Revenue
- $556M
- Guidance
- Reiterating FY26 guidance: Production 1,170-1,210 MMcfepd, Adj. EBITDA $925-$975M, Adj. FCF ~$430M
- Revenue Yoy
- 69%
- Capex
- $58M
- Ebitda
- $287M
- Adj fcf
- $160M
- Leverage ratio
- 2.2x
- Share repurchases
- $72M
- Dividend per share
- 0.29
- Avg production mmcfe pd
- 1198
AI analysis
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