HIGHBuilt-inCommodity
73%
natural gas
“10-K Item 1: 'Natural gas constituted approximately 73% of our total estimated proved reserves and 74% of our total estimated proved developed reserves.'”
DEC · Concentration risk · 10-K extracted
Diversified Energy (DEC) concentration risks
Updated
The most significant concentration Diversified Energy discloses is natural gas at 73%, classified HIGH by disclosed size. Below: the full set from the latest 10-K — verbatim quotes, filing references, and a synthesis of what these exposures mean together.
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Source: Diversified Energy’s SEC Form 10-K filed — view the filing on SEC EDGAR ↗
At a glance
Disclosed-size breakdown · 3 disclosed concentrations
HIGH1
MEDIUM2
LOW0
Disclosed concentrations
Each card carries a disclosed-size chip (HIGH / MEDIUM / LOW — how large the exposure is as a share of revenue, not how dangerous it is) and a nature tag: Built-in(the company’s own model, geography, or products) or Outside party (an external customer, supplier, or distributor it relies on).
MEDIUMBuilt-inGeographic
Appalachian and Central regions
“10-K Item 1: 'Our operations are primarily concentrated within the Appalachian and Central regions of the United States.'”
MEDIUMOutside partyCounterparty
MarkWest Energy Partners NGL processing plant
“10-K Item 1A: 'Our largest processor of NGLs is the MarkWest Energy Partners, L.P. ("MarkWest") plant located in Langley, Kentucky.'”
TrendMatrix Research · concentration synthesis
What these concentrations mean together
updated 2026-07-06Diversified Energy Company's concentration risk is primarily commodity- and geography-driven rather than customer-based. Natural gas constituted approximately 73% of total estimated proved reserves, a structural, high-share exposure reflecting the fundamental composition of the reserve base rather than a counterparty relationship. Operations are also structurally concentrated within the Appalachian and Central regions of the United States, a medium-share exposure that reinforces the commodity concentration by tying it to a specific set of basins. The one dependency-type exposure disclosed is narrower: the company's largest processor of natural gas liquids is a single plant operated by MarkWest Energy Partners in Langley, Kentucky, also at a medium share. Taken together, the natural gas and regional concentrations move in the same direction — both structural, both significant, and both pointing to commodity-price and basin-specific risk as the dominant factor in the thesis — while the MarkWest processing dependency is a smaller, counterparty-specific risk layered on top rather than the primary driver.
For the engine’s reasoning on DEC’s current verdict — including which dimensions drove the score — see the per-dimension breakdown.
Industry peers · Oil & Gas Integrated
Peer concentration profile
| Symbol | Name | HIGH | MEDIUM | LOW | Total |
|---|---|---|---|---|---|
| DEC● | Diversified Energy Company | 1 | 2 | 0 | 3 |
| IMO | Imperial Oil Limited | 1 | 1 | 0 | 2 |
| NFG | National Fuel Gas Company | 0 | 2 | 1 | 3 |
| CVX | Chevron Corporation | 0 | 1 | 2 | 3 |
| XOM | Exxon Mobil Corporation | 0 | 0 | 0 | 0 |
Concentration counts reflect items disclosed in each peer’s most recent 10-K; disclosed-size classification uses TrendMatrix’s internal 10-K extraction taxonomy.