Citable filing context
FANG's research view summarizes recent SEC filing context, starting with earnings from Aug 3, 2026.
| Filed | Item | Context |
|---|---|---|
| Aug 3, 2026 | earnings | Diamondback Energy reported Q2 2026 financial results, including $1.88 billion in net income and updated annual production guidance. |
| Jul 13, 2026 | earnings | Diamondback Energy reported Q2 2026 realized prices and derivative activity for the period ended June 30, 2026. |
| Jun 15, 2026 | debt_offering | Diamondback Energy increased its credit facility commitments from $2.5B to $3.0B and extended maturity to June 12, 2031. |
| Aug 3, 2026 | Guidance: cash_capital_expenditures | 950.00 to 1050.00 |
| Aug 3, 2026 | Guidance: oil_production | 522.00 to not reported |
| Aug 3, 2026 | Guidance: oil_production | 517.00 to 527.00 |
| Aug 5, 2026 | mda_quarterly | Diamondback Energy (FANG) is an independent upstream oil and gas company focused on the Permian Basin in West Texas. As of June 30, 2026, the company operates as a single segment, managing approximately 902,005 net acres across the Midland and Delaware Basins. Financial performance for the second quarter of 2026 included $1.9 billion in net income and production of 1,017.7 MBOE/d, marking a milestone in output. The company maintains a strong liquidity position with $3.4 billion available, supported by a $3.0 billion revolving credit facility. Capital discipline remains a priority, with $996 million in cash capital expenditures during the quarter. Management increased the 2026 capital budget by 4% to approximately $3.90 billion to support ongoing development. Key operational risks include Permian Basin takeaway constraints, which caused negative pricing at the Waha Hub, though management expects these to ease later in 2026. The company also recorded a $1.4 billion non-cash impairment in the first half of 2026 due to lower SEC commodity prices. Strategic activity remains high, highlighted by the pending 2026 Drop Down of mineral interests to Viper Energy and the recent Viper Riverbend Acquisition. The company also increased its stock repurchase authorization to $16.0 billion. |
| May 6, 2026 | mda_quarterly | Diamondback Energy reported first-quarter 2026 net income of $25 million, significantly impacted by a $1.4 billion non-cash ceiling test impairment on proved oil and natural gas properties. Average production reached 979.4 MBOE/d, with growth driven by the Double Eagle and Sitio acquisitions. Operations remain concentrated in the Midland Basin's Wolfcamp and Spraberry formations and the Delaware Basin's Wolfcamp and Bone Spring formations. WTI prices averaged $72.67 per barrel during the period. Management increased 2026 annual production guidance by 3% to approximately 972 MBOE/d and raised the capital budget by 4% to $3.9 billion to accelerate the completion of drilled but uncompleted well inventory. Strategic activity included Viper’s $610 million divestiture of non-Permian assets in the Denver-Julesburg, Eagle Ford, and Williston basins. Capital allocation shifted as the board removed the minimum 50% quarterly return of capital commitment to increase flexibility. The company maintains $2.6 billion in liquidity and recently strengthened its balance sheet by repaying a $550 million term loan and repurchasing $777 million of senior notes. Cash operating costs were $11.26 per BOE. |
Source: SEC EDGAR filing text and events; period Aug 3, 2026; filed Aug 3, 2026.
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