v3.26.1
Condensed Consolidated Statements of Comprehensive Income (Loss) (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Revenue        
Gain (loss) on derivatives $ 291,034 $ 169,071 $ (257,349) $ (115,213)
Total revenue 811,908 586,697 839,052 649,212
Operating expense        
Lease operating expense (141,242) (131,184) (274,210) (204,623)
Production taxes (29,660) (23,317) (60,151) (39,750)
Midstream operating expense (20,439) (19,361) (40,675) (37,997)
Transportation expense (24,383) (23,769) (52,951) (50,488)
Accretion of asset retirement obligation (13,481) (10,624) (26,729) (18,982)
General and administrative expense (43,536) (56,661) (85,244) (90,747)
Depreciation, depletion and amortization (103,440) (92,668) (212,005) (167,314)
Gain (loss) on natural gas and oil properties and equipment 36,070 62,269 134,147 63,958
Total operating expense (340,111) (295,315) (617,818) (545,943)
Income (loss) from operations 471,797 291,382 221,234 103,269
Other income (expense)        
Interest expense (61,311) (56,130) (124,723) (98,842)
Loss on debt extinguishment (23,882) 0 (23,882) (26,971)
Other income (expense) 698 835 1,246 1,103
Income (loss) before taxation 387,302 236,087 73,875 (21,441)
Income tax benefit (expense) (139,697) 61,828 13,065 (3,464)
Net income (loss) 247,605 297,915 86,940 (24,905)
Other comprehensive income (loss) 0 72 0 (138)
Total comprehensive income (loss) 247,605 297,987 86,940 (25,043)
Net income (loss) attributable to:        
DEC 246,949 297,738 86,332 (25,460)
Noncontrolling interest 656 177 608 555
Net income (loss) $ 247,605 $ 297,915 $ 86,940 $ (24,905)
Earnings (loss) per share attributable to DEC        
Basic (in usd per share) $ 3.42 $ 3.77 $ 1.17 $ (0.37)
Diluted (in usd per share) $ 3.31 $ 3.67 $ 1.14 $ (0.37)
Weighted average shares outstanding        
Basic (in shares) 72,296,949 78,936,076 73,767,908 68,821,946
Diluted (in shares) 74,705,094 81,138,852 75,972,787 68,821,946
Commodities        
Revenue        
Revenue, excluding gain (loss) on derivatives $ 503,700 $ 394,768 $ 1,061,336 $ 724,187
Natural gas        
Revenue        
Revenue, excluding gain (loss) on derivatives 163,696 192,931 478,668 421,441
NGLs        
Revenue        
Revenue, excluding gain (loss) on derivatives 85,813 52,651 147,378 100,745
Oil        
Revenue        
Revenue, excluding gain (loss) on derivatives 254,191 149,186 435,290 202,001
Midstream        
Revenue        
Revenue, excluding gain (loss) on derivatives 10,101 11,602 21,865 22,200
Other        
Revenue        
Revenue, excluding gain (loss) on derivatives $ 7,073 $ 11,256 $ 13,200 $ 18,038