Diamondback Energy, Inc. (FANG) Form 10-Q — Aug 5, 2026
Diamondback Energy reported Q2 2026 net income attributable to the company of $1.9 billion, with diluted EPS of $6.65 versus $2.38 a year ago, on total revenues of $5.6 billion. Average production reached 1,017.7 MBOE/d, crossing the 1.0 million BOE/d milestone for the first time. Capital returns stepped up sharply: on July 30, 2026 the board doubled the share repurchase authorization from $8.0 billion to $16.0 billion, with roughly $9.9 billion remaining, and declared a base dividend of $1.10 per share payable August 20, 2026. The company also raised annual production guidance 3% to approximately 1,000 MBOE/d.
Key figures
- Eps
- 6.65
- Revenue
- 5562000000
- Guidance
- Annual production guidance increased by 3% to approximately 1,000 MBOE/d
- Net Income
- 1882000000
- Total Debt
- 12614000000
- Revenue Yoy
- +51.2% (Q2 2026 total revenues $5,562M vs $3,678M in Q2 2025)
- Total Assets
- 70218000000
- Cash Position
- 462000000
- Shares Outstanding
- 280024353
- Liquidity
- 3400000000
- Buybacks q2
- 141000000
- Revenue 1h 2026
- 9802000000
- Buybacks 1h 2026
- 689000000
- Eps q2 prior year
- 2.38
- Permian net acres
- 902005
- Eps 1h 2026 diluted
- 6.72
- Viper ownership pct
- approximately 39%
- Buyback authorization
- 16000000000
- Dividend q2 per share
- 1.1
- Operating cash flow 1h
- 5417000000
- Q2 production boe per day
- 1017659
- Net income 1h attributable
- 1907000000
- Net income q2 consolidated
- 2055000000
- Oil realization q2 per bbl
- $96.82
- Q1 ceiling test impairment
- 1400000000
- Wti average 1h 2026 per bbl
- 83
- Tender principal repurchased
- 777000000
- Buyback remaining as of jul 31
- 9900000000
- Dividend declared q3 per share
- 1.1
- Gain on debt extinguishment q2
- 134000000
- Cash capex q2 excl acquisitions
- 996000000
- Natural gas realization q2 per mcf
- -$2.15
- Sgf endeavor holders ownership pct
- approximately 26.7%
- Senior notes maturing next 12 months
- 1500000000
Price after filing
Close on the filing date to close N calendar days later (from $186.17). Historical, not a forecast.
AI analysis
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