Diamondback Energy, Inc. 8-K Summary
Business Context and Reporting Period
This Form 8-K, filed on July 13, 2026, reports operational and financial data for Diamondback Energy, Inc. for the quarter ended June 30, 2026. The filing focuses on realized commodity prices, derivative activity, and share counts.
Key Financial Metrics
Realized Prices (Q2 2026):
- Oil (Unhedged): $96.82 per barrel
- Oil (Hedged): $94.33 per barrel
- Natural Gas (Unhedged): $(2.15) per Mcf
- Natural Gas (Hedged): $(0.34) per Mcf
- NGLs (Unhedged & Hedged): $18.56 per barrel
Derivative Activity (Q2 2026):
- Net Gain on Cash Settlements: $113 million
- Net Non-Cash Loss: $64 million
- Net Gain on Commodity Contracts: $49 million
Share Count (in thousands):
- Basic Weighted Average: 281,202
- Diluted Weighted Average: 281,202
Note: The filing does not provide total revenue, net income, operating cash flow, debt levels, or liquidity metrics.
Material Changes
The filing does not provide comparative data for the prior period (Q2 2025) or year-over-year changes. Consequently, material changes in prices or financial performance cannot be determined from this document alone.
Guidance, Outlook, and Risks
The document contains standard forward-looking statements regarding future performance, capital plans, and reserve estimates but does not include specific numerical guidance or updated outlook figures for 2026. Management highlights significant risks including:
- Geopolitical events and market supply/demand fluctuations affecting commodity prices.
- Changes in U.S. energy, environmental, and trade policies.
- OPEC+ production decisions.
- Regulatory initiatives regarding hydraulic fracturing and climate change.
- Operational risks such as production curtailments or interruptions.
Investor Verification Checklist
- Verify the full Q2 2026 earnings release for total revenue, net income, and cash flow figures not included in this 8-K.
- Confirm the impact of the negative natural gas realized price on overall profitability.
- Review the 10-Q for the quarter ended June 30, 2026, for detailed balance sheet data (debt and liquidity).
- Check subsequent filings for updates on the Sitio acquisition mentioned in the forward-looking statements.