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Diversified Reaffirms $440M 2026 Adjusted Free Cash Flow; Birch's $455M 12-Month Target
The 2026 outlook excludes Birch, which has a separate free cash flow target of about $455 million over the next 12 months.

Diversified Energy Company (DEC) reaffirmed expectations for about $440 million in adjusted free cash flow for 2026, excluding the Birch acquisition. Birch carries a separate target of about $455 million in free cash flow over the next 12 months.
The outlook and acquisition target cover different scopes and periods: the 2026 forecast excludes Birch, while the target applies to Birch over the next 12 months.
Through the third quarter of 2026, Diversified repaid about $313 million in debt principal and returned about $157 million to shareholders. The company had about $506 million in liquidity at quarter end.