REG-Diversified Energy Reports Second Quarter 2026 Results

$DECPress releaseAug 5, 2026, 4:17 PM ETRead the release

Diversified Energy reported Q2 2026 production of 1,253 MMcfepd with total commodity revenue of $504M, generating adjusted free cash flow of $115M. The company returned approximately $136M to shareholders year-to-date, including $93M in share repurchases, while reducing leverage to 2.45x and closing the $147M sale of non-core Barnett and Arkansas assets.

Key figures

Revenue: $504M
Guidance: FY26 Production 1,180-1,210 MMcfe/d; Adj EBITDA $960M-$1,010M; Adj FCF ~$440M; CapEx $225M-$255M
Capex q2: $40M
Liquidity: $678M
Net income q2: $248M
Adjusted fcf q2: $115M
Avg production q2: 1,253 MMcfepd
Dividend declared: $0.29
Leverage ratio q2: 2.45
Adjusted ebitda q2: $240M
Ytd share repurchases: $93M
Abs debt reduction 1h26: $233M
Exit rate production q2: 1,275 MMcfepd
Ytd shareholder returns: ~$136M
Asset sale proceeds barnett arkansas: $147M

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