Diamondback Energy, Inc.

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.

Diamondback Energy reported strong second-quarter 2026 results, with average oil production reaching 525 MBO/d and total production surpassing 1.0 million BOE/d at 1,018 MBOE/d. The company generated $3.6 billion in net cash from operating activities and $2.3 billion in free cash flow. Diamondback also increased its full-year 2026 production guidance and announced a doubling of its share repurchase authorization to $16.0 billion, underscoring its commitment to shareholder returns and financial strength.

Diamondback Energy reported strong second-quarter 2026 results, achieving a record 1,018 MBOE/d in total production, marking the first time the company surpassed one million barrels of oil equivalent per day. The company raised its full-year oil and total production guidance and significantly reduced consolidated total debt by $1.3 billion to $12.8 billion. Additionally, Diamondback doubled its share repurchase authorization to $16.0 billion, demonstrating a commitment to maximizing stockholder value and financial flexibility.

Diamondback Energy, Inc. reported its second quarter 2026 realized prices, derivative activity, and weighted average shares outstanding. The company achieved an average unhedged realized oil price of $96.82 per barrel, while natural gas was $(2.15) per Mcf and NGLs were $18.56 per barrel. For the quarter, Diamondback anticipates a net gain of $113 million on cash settlements for derivative instruments. Basic and diluted weighted average shares outstanding stood at 281,202 thousand.

Diamondback Energy, Inc. announced its plan to release second quarter 2026 financial results on August 3, 2026, after the market closes. Following the release, the company will host a conference call and webcast for investors and analysts on August 4, 2026, at 8:00 a.m. CT to discuss the results. Access to the live webcast and replay will be available through Diamondback's Investor Relations website.

Diamondback Energy, Inc. and its subsidiary Diamondback E&P LLC executed a seventeenth amendment to their Second Amended and Restated Credit Agreement. This amendment extends the credit agreement's maturity date by one year, from June 12, 2030, to June 12, 2031. Additionally, the total commitments under the agreement were increased from $2.5 billion to $3.0 billion, and the interest rate and certain fees were decreased. Sumitomo Mitsui Banking Corporation also joined as a new lender.

Diamondback Energy, Inc. announced a leadership transition where Travis D. Stice stepped down as Executive Chairman and became non-executive Chairman of the Board, effective May 20, 2026. This change was part of a previously announced plan. Concurrently, at its 2026 Annual Meeting of Stockholders, all 13 director nominees were elected, and stockholders approved the advisory vote on named executive officer compensation. The Board also determined to hold future advisory votes on executive compensation annually, aligning with stockholder preference, and ratified Grant Thornton LLP as the independent auditor for 2026.

Diamondback Energy, Inc. reported a significant decline in net income for Q1 2026, falling to $25 million from $1,405 million in Q1 2025, primarily due to a $1.4 billion impairment charge on oil and natural gas properties. Despite an increase in total revenues to $4.24 billion, natural gas and NGL sales decreased. The company also completed the divestiture of Viper's non-Permian assets for $610 million and sold Viper Class A common stock for $589 million, using proceeds for debt reduction and general corporate purposes.

Diamondback Energy, Inc. announced strong first-quarter 2026 financial and operating results, including average oil production of 521.0 MBO/d, exceeding guidance. The company generated $1.8 billion in net cash from operating activities and $1.7 billion in Free Cash Flow. Diamondback increased its base cash dividend by 5% to $1.10 per share and raised its 2026 annual oil production guidance to 520+ MBO/d. Despite reporting a net income of $25 million due to a $1.4 billion non-cash impairment, the company highlighted significant debt reduction of $3.7 billion since Q3 2025 and repurchased $548 million in shares.

Diamondback Energy announced strong first quarter 2026 financial and operating results, including average oil production of 521.0 MBO/d and $1.7 billion in Free Cash Flow. The company increased its base cash dividend by 5% to $1.10 per share and repurchased 3.3 million shares for $548 million. Furthermore, Diamondback raised its full-year 2026 oil production guidance to 520+ MBO/d, reflecting anticipated organic growth, and updated its cash capital expenditures guidance.