Quarterly ResultAug 5, 2026, 04:11 PM
Diamondback Q2 Net Income $1.88B, Revenue $5.56B; Divests Non-Permian Assets
AI Summary
Diamondback Energy, Inc. reported strong second-quarter 2026 results with net income attributable to the company reaching $1.88 billion and total revenues of $5.56 billion. For the first half of 2026, net cash provided by operating activities increased to $5.42 billion. The company also completed the divestiture of Viper's non-Permian assets for $610 million and a secondary offering of Viper's common stock, generating $589 million, both contributing to debt reduction.
Key Highlights
- Q2 2026 net income attributable to Diamondback was $1.88 billion.
- Q2 2026 total revenues reached $5.56 billion.
- H1 2026 net cash from operating activities was $5.42 billion.
- Viper divested non-Permian assets for $610 million in February 2026.
- Viper's secondary offering generated $589 million for Diamondback in March 2026.
- Long-term debt decreased to $11.07 billion as of June 30, 2026.
- Q2 2026 oil sales were $4.63 billion.
- Q2 2026 natural gas sales were negative $276 million.
Price Impact
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