Form 10-Q · Quarterly report
Diamondback Energy 10-Q, filed Aug 5, 2026
- Filed
- CIK
- 0001539838
- Accession no.
- 0001539838-26-000142
Summary
Diamondback Energy reported second-quarter 2026 net income of $1.9 billion on average production of 1,017.7 MBOE/d, and raised its annual production guidance by 3% to roughly 1,000 MBOE/d. The company also agreed on August 3, 2026 to divest certain mineral and royalty interests to Viper Energy Partners in exchange for 3.65 million Viper LLC units and an equivalent number of Class B shares, and its board raised the existing stock repurchase authorization from $8.0 billion to $16.0 billion on July 30, 2026.
Key points
- Second-quarter 2026 average production was 1,017.7 MBOE/d, with oil volumes of 525,176 BO/d and oil realized at $96.82 per barrel.
- Cash capital expenditures excluding acquisitions were $996 million; the company paid $311 million of dividends ($1.10 per share) and repurchased $141 million of common stock.
- Diamondback retired about $828 million of senior note principal and $550 million of 2025 Term Loan borrowings, terminating that loan upon repayment.
- Diamondback drilled 97 gross horizontal wells and turned 168 gross operated horizontal wells to production in the Midland Basin during the quarter.
Written by an AI model from the filing text. It can be incomplete or wrong; the filing on SEC.gov is the record.
From the filing
ITEM 2. MANAGEMENT’S DISCUSSION Overview We are an independent oil and natural gas company currently focused on the acquisition, development, exploration and exploitation of unconventional, onshore oil and natural gas reserves in the Permian Basin in West Texas. As discussed in Note 1—Description of the Business and Basis of Presentation and Note 17—Segment Information of the notes to the condensed consolidated financial statements, as of June 30, 2026, we have one reportable segment, the upstream segment. Second Quarter 2026 Financial and Operating Highlights •Recorded net income of $1.9 billion. …
An excerpt of the text as filed with the SEC, cut for length.
Readster writes AI-generated summaries of public filings for research purposes only. Summaries can be incomplete or wrong — check the original filing on SEC.gov before relying on it. Nothing here is investment, legal or medical advice.