Diamondback Energy, Inc. — Form 8-K Summary
Reporting period: Third quarter ended September 30, 2026. Filed October 8, 2026. This 8-K provides selected operating and derivative information, not full quarterly financial statements.
Key financial and operating metrics
| Metric | Third quarter 2026 |
|---|---|
| Average unhedged realized oil price | $87.30 per barrel |
| Average unhedged realized natural gas price | $1.12 per Mcf |
| Average unhedged realized NGL price | $20.02 per barrel |
| Average hedged realized oil price | $85.89 per barrel |
| Average hedged realized natural gas price | $0.90 per Mcf |
| Average hedged realized NGL price | $20.02 per barrel |
| Net cash paid on commodity derivative settlements | $97 million |
| Net loss on derivative instruments | $182 million, including the cash settlements above |
| Weighted average shares outstanding | 279.959 million basic and diluted |
The filing attributes $85 million of the $182 million derivative loss to non-cash activity. Hedged realized prices include cash settlements on matured derivatives and exclude gains or losses from early settlements.
Revenue, net income, cash flow, margins, debt, liquidity, and other balance-sheet metrics are not provided in this filing.
Changes versus prior period
No prior-period comparison is provided, so changes in prices, derivative results, or weighted average shares cannot be assessed from this filing.
Outlook, risks, and unusual items
The filing does not provide quarterly guidance or a specific operating outlook. It includes forward-looking-statement cautions and identifies risks including commodity-market and geopolitical changes, OPEC+ actions, economic and financial-market conditions, regulatory and hydraulic-fracturing developments, climate-related risks, and risks associated with sustainability targets. Diamondback cautions that actual outcomes may differ materially and disclaims an obligation to update forward-looking statements except as required by law.
The reported $182 million net derivative loss, including $97 million of net cash settlement payments and $85 million of net non-cash losses, is the principal unusual financial item disclosed.
Important facts for investors to verify
- Whether the reported realized prices and derivative amounts are consistent with the full third-quarter results when available.
- How the $97 million of cash settlement payments and $85 million of non-cash derivative losses affect reported earnings and cash flow.
- Whether the full quarterly filing provides revenue, profitability, cash flow, debt, liquidity, and comparative-period data absent from this 8-K.
- Whether subsequent company disclosures provide updated guidance or further information on the risks identified here.