Diamondback Energy Q1 2026 oil price $73.47 per barrel; $133 million derivative gain
Diamondback Energy disclosed selected first-quarter 2026 operating metrics, including realized commodity prices, derivative results and share count, without full revenue, earnings or guidance figures. Shareholders get partial figures ahead of a full financial release, with the derivative gain offset by a $27 million realized loss on terminated interest rate swaps.
Key points
- Unhedged oil price averaged $73.47 per barrel and hedged oil averaged $72.53 per barrel in Q1 2026.
- Expected net gain on cash settlements of derivatives was $133 million, with a $16 million non-cash loss.
- A $27 million realized loss was recognized on termination of $300 million notional of interest rate swaps.
- Basic and diluted weighted average shares outstanding were both 282,792 thousand.
The filing
Written by AI on Nov 8, 2026, 1:42 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on April 13, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.