Form 10-Q · Quarterly report
Diamondback Energy 10-Q, filed Nov 4, 2026
- Filed
- CIK
- 0001539838
- Accession no.
- 0001539838-26-000183
Summary
Diamondback Energy reported third-quarter 2026 net income of $1.6 billion on average production of 1,034.0 MBOE/d, raised its annual base dividend to $4.72 per share and retired about $893 million of senior notes in October 2026, while its subsidiary Viper Energy Partners completed two Permian Basin royalty acquisitions. The company said new Permian natural gas pipeline capacity placed in service from July 2026 improved realizations after negative Waha Hub pricing in the first half of the year.
Key points
- Third-quarter 2026 net income was $1.6 billion, with average production of 1,034.0 MBOE/d and cash capital expenditures excluding acquisitions of $1.0 billion.
- Diamondback paid $309 million ($1.10 per share) in dividends during the quarter, increased its annual base dividend to $4.72 per share and declared a fourth-quarter base dividend of $1.18 per share, and repurchased $251 million of common stock.
- In October 2026 the company retired about $893 million of senior notes for roughly $889 million in cash, and on September 1, 2026 divested mineral and royalty interests to Viper Energy Partners LP for 3.82 million Viper LLC Units and an equivalent number of Class B shares.
- Viper completed the roughly $529 million McElroy Ranch acquisition of about 7,359 net royalty acres in the Permian Basin and, on July 1, 2026, acquired Riverbend Oil & Gas IX, L.L.C. for $347 million in cash and 3.69 million Class A shares.
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 September 30, 2026, we have one reportable segment, the upstream segment. Third Quarter 2026 Financial and Operating Highlights •Recorded net income of $1.6 billion. …
An excerpt of the text as filed with the SEC, cut for length.
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