Diversified Energy Co 2026年季度报告

Washington, D.C. 20549FORM 10-Q (Mark One) For the quarterly period ended June 30, 2026 or TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Diversified Energy Company Securities registered, pursuant to Section 12(b) of the Act: Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during thepreceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90days.YesNo Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T(§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).YesNo Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerginggrowth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 ofthe Exchange Act. If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revisedfinancial accounting standards provided pursuant to Section 13(a) of the Exchange Act. Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).YesNo The registrant had 70,769,563 shares of common stock outstanding (excluding shares held by the Employee Benefit Trust) as of August5, 2026. Table of Contents Part IFinancial InformationItem 1.Financial Statements4Item 2.Management’s Discussion and Analysis of Financial Condition and Results of Operations29Item 3.Quantitative and Qualitative Disclosures About Market Risk41 PageItem 4.Controls and Procedures42Part IIOther InformationItem 1.Legal Proceedings43Item 1A.Risk Factors43Item 2.Unregistered Sales of Equity Securities and Use of Proceeds44Item 3.Defaults Upon Senior Securities44Item 4.Mine Safety Disclosures44Item 5.Other Information44Item 6.Exhibits45Signatures46 Form 10-Q Table of Contents Glossary of Terms ABS -Asset-Backed SecurityASU- Accounting Standards UpdateBbl -Barrel or barrels of oil or natural gasliquidsBtu -A British thermal unit, which is a measure of the amount of energy required to raise the temperature ofone pound of water onedegreeFahrenheit.E&P -Exploration and productionEBITDAX -Earnings before interest, tax, depreciation, amortization and exploration expenseEPS -Earnings per shareGAAP- U.S. Generally Accepted Accounting PrinciplesHenry Hub -A natural gas pipeline delivery point that serves as the benchmark natural gas price underlying NYMEX natural gasfutures contracts.MBbls -Thousand barrelsMcf -Thousand cubic feet of natural gasMcfe -Thousand cubic feet of natural gasequivalentMidstream -Midstream activities include the processing, storing, transporting and marketing of natural gas, NGLs andoil.MMbtu -Million British thermal units MMcf -Million cubic feet of natural gasMMcfe -Million cubic feet of natural gasequivalentMMcfepd -Million cubic feet of natural gasequivalent per dayMont Belvieu -A mature trading hub with a high level of liquidity and transparency that sets spot and futures prices forNGLs.NGLs -Natural gas liquids, such as ethane, propane, butane and natural gasoline that are extracted from natural gas productionstreams.NYMEX -New York Mercantile ExchangeNYSE- New York Stock ExchangeOil -Includes crude oil and condensatePSU -Performance-based restricted stock unitRealized price -The cash market price, less all expected quality, transportation and demand adjustments.RSU -Time-based restricted stock unitSOFR -Secured Overnight Financing RateUpstream- Upstream activities include exploration, discovery, and extraction of natural gas, NGLs, and oil. Often referred to asexploration and production activities, or E&P.WTI -West Texas Intermediate grade crude oil, used as a pricing benchmark for sales contracts and NYMEX oil futurescontracts. Table of Contents Form 10-Q Cautionary Statement Regarding Forward-Looking Statements This Quarterly Report on Form 10-Q contains forward-looking statements within the meaning of the U.S. Private Securities LitigationReform Act of 1995 that can be identified by the following terminology, including the terms “may,” “might,” “will,” “could,”“would,”“should,”“expect,”“plan,”“anticipate,”“intend,”“seek,”“believe,”“estimate,”“predict,”“potential,”“continue,”“contemplate,” “possible,” or the negative of these terms or other variations or comparable terminology, or by discussions of strategy,plans, objectives, goals, future events or intentions. These forward-looking statements include all matters