Quarterly ResultApr 13, 2026, 04:47 PM
Diamondback Energy Reports Q1 2026 Realized Prices & Derivatives
AI Summary
Diamondback Energy, Inc. reported its first quarter 2026 financial conditions, including realized prices and derivative activity. The company achieved an average unhedged oil price of $73.47 per barrel and a hedged oil price of $72.53 per barrel. For Q1 2026, Diamondback anticipates a net gain of $133 million on cash settlements for derivative instruments, alongside a $16 million net non-cash loss on derivatives.
Key Highlights
- Q1 2026 unhedged oil price averaged $73.47 per barrel.
- Q1 2026 hedged oil price averaged $72.53 per barrel.
- Net gain on cash settlements for derivatives was $133 million in Q1 2026.
- Net non-cash loss on derivative instruments was $16 million.
- Basic weighted average shares outstanding were 282,792 thousand.