Diamondback Energy, Inc. Q2 FY26 Results

Summary

Diamondback Energy, Inc. provided an update on its realized prices, derivative activity, and share counts for the second quarter of 2026. The company reported average unhedged realized oil prices at $96.82 per barrel and hedged prices at $94.33 per barrel. For natural gas, unhedged prices were $(2.15) per Mcf, while hedged prices stood at $(0.34) per Mcf. NGLs realized prices were consistent at $18.56 per barrel for both hedged and unhedged. Diamondback anticipates a net gain of $113 million from cash settlements of derivative instruments, alongside a net non-cash loss of $64 million for the quarter. The weighted average basic and diluted shares outstanding were reported at 281,202 thousand.

Key Highlights

1. 1

   For the second quarter of 2026, Diamondback Energy reported average unhedged realized oil prices of $96.82 per barrel.

2. 2

   Average hedged realized prices for oil in Q2 2026 were $94.33 per barrel.

3. 3

   Natural gas realized prices in Q2 2026 were $(2.15) per Mcf unhedged and $(0.34) per Mcf hedged.

4. 4

   Natural gas liquids (NGLs) realized prices were $18.56 per barrel for both hedged and unhedged in Q2 2026.

5. 5

   Diamondback anticipates a net gain on cash settlements for derivative instruments of $113 million for Q2 2026.

6. 6

   The company reported a net non-cash loss on derivative instruments of $64 million for the second quarter of 2026.

7. 7

   Basic and diluted weighted average shares outstanding for Q2 2026 were 281,202 thousand.