Form 8-K · Current report
Diamondback Energy 8-K, filed Aug 3, 2026
- Filed
- CIK
- 0001539838
- Accession no.
- 0001539838-26-000137
Summary
Diamondback Energy reported second-quarter 2026 oil production of 525 MBO/d and total production of 1,018 MBOE/d, net income attributable to the company of $1.88 billion ($6.65 per diluted share), and free cash flow of $2.3 billion. It declared a $1.10 base cash dividend, doubled its share repurchase authorization to $16.0 billion, cut total debt by about $1.3 billion to $12.8 billion, and raised full-year 2026 oil production guidance to 522+ MBO/d from 520+ while leaving capital spending unchanged at about $3.9 billion.
Key points
- Realized oil price averaged $96.82 per barrel in the second quarter of 2026, up from $73.47 in the prior quarter and $63.23 a year earlier.
- The company repurchased 756,385 shares for about $141 million in Q2 2026 and 547,716 shares for about $100 million in Q3 to date.
- Q3 2026 guidance is 517–527 MBO/d of oil (995–1,015 MBOE/d) with cash capital expenditures of $950–$1,050 million.
- The $1.10 per-share base dividend is payable August 20, 2026 to stockholders of record as of August 13, 2026.
Written by an AI model from the filing text. It can be incomplete or wrong; the filing on SEC.gov is the record.
Items reported
- 2.02Results of Operations and Financial Condition
- 9.01Financial Statements and Exhibits
From the filing
Item 2.02. Results of Operations and Financial Condition. On August 3, 2026, Diamondback Energy, Inc. (the “Company”) issued a press release announcing financial and operating results for the second quarter ended June 30, 2026, including the second quarter 2026 base cash dividend (the “earnings release”). A copy of the earnings release is furnished to the Securities and Exchange Commission (the “SEC”) as Exhibit 99.1 to this Current Report on Form 8-K. The Company also issued a letter to its stockholders as a supplement to the earnings release, which is furnished to the SEC as Exhibit 99.2 to this Current Report on Form 8-K. Item 9.01. Financial Statements and Exhibits. …
An excerpt of the text as filed with the SEC, cut for length.
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