Diversified Energy Company PLC
DEC Energy Oil & Gas Integrated
In the quarter to June 2026, revenue grew 62.3%, EPS grew 391.2%, free cash flow fell 2,598.7% and total debt rose 70.0%, each against the same quarter a year earlier.
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Diversified Energy Company PLC (DEC) Altman Z-score
Diversified Energy Company PLC's Altman Z-score for fiscal 2025 is 0.49, in the distress zone (below 1.81).
Altman Z-score, annual
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Annual newest first
| Period | Altman Z-score | Change (points) |
|---|---|---|
| FY2025 | 0.49 | 0.66 |
| FY2024 | −0.16 | (0.30) |
| FY2023 | 0.13 | (0.65) |
| FY2022 | 0.78 | (0.29) |
| FY2021 | 1.07 | — |
How fiscal 2025’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | (0.07) | — | −0.08 | |
| Retained earnings / total assets | (0.08) | — | −0.12 | |
| EBIT / total assets | 0.08 | — | 0.27 | |
| Market value of equity / total liabilities | 0.20 | — | 0.12 | |
| Sales / total assets | 0.30 | — | 0.30 | |
| Altman Z-score | Distress zone | 0.49 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Distress zone | 0.04 | ||
How the Altman Z-score works
Z = 1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets (Altman, 1968). The market value of equity is the close on the last trading day of the fiscal year times weighted basic shares.
Z″ = 6.56 × working capital ÷ total assets + 3.26 × retained earnings ÷ total assets + 6.72 × EBIT ÷ total assets + 1.05 × book equity ÷ total liabilities (Altman, Hartzell and Peck, 1995), the variant for non-manufacturing and asset-light companies.
| Zone | Z | Z″ |
|---|---|---|
| Safe zone | above 2.99 | above 2.60 |
| Grey zone | 1.81–2.99 | 1.10–2.60 |
| Distress zone | below 1.81 | below 1.10 |
Not worked out for banks, insurers and REITs, whose balance sheets the model does not describe, nor when a figure is missing or there is no share price in the week to the fiscal year end.
Altman Z-score against peers
| Company | Altman Z-score |
|---|---|
| SLNG Stabilis Solutions, Inc. compare | 3.3× |
| TGS Transportadora De Gas Sa Ord B compare | 2.8× |
| CVE Cenovus Energy Inc compare | 2.2× |
| NFG National Fuel Gas Company compare | 1.7× |
| YPF YPF Sociedad Anonima compare | 1.2× |
| EC Ecopetrol S.A. compare | 1.2× |
| DEC Diversified Energy Company PLC | 0.5× |
| SKYQ Sky Quarry Inc. compare | −4.2× |
| CGBSF Crown LNG Holdings Limited compare | — |
What Altman Z-score is
The Altman Z-Score weighs working capital, retained earnings, operating profit, market value and sales against assets and debts to gauge the risk of distress.
1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets