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AI brief of an SEC Form 8-K · Diamondback Energy (FANG)

Diamondback Energy Q2 2026 realized oil price $96.82 per barrel, gas negative

Neutral Impact 2 of 5 earnings Written later

Diamondback Energy disclosed selected second-quarter 2026 operating data: average unhedged oil price of $96.82 per barrel and average hedged oil price of $94.33 per barrel, with natural gas prices negative on both measures. The filing also anticipates a $113 million net cash gain and a $64 million net non-cash loss on derivative instruments, which affect the company's realized results. The filing does not include total revenue, net income, earnings per share or guidance.

Key points

  • Oil: $96.82 per barrel unhedged and $94.33 per barrel hedged in Q2 2026
  • Natural gas: $(2.15) per Mcf unhedged and $(0.34) per Mcf hedged; NGLs $18.56 per barrel
  • Anticipated net cash gain on derivative settlements of $113 million and net non-cash loss of $64 million
  • Basic and diluted weighted average shares outstanding of 281,202 thousand for Q2 2026

The filing

CompanyDiamondback Energy (FANG)
Form8-K, current report
Filed with the SECJul 13, 2026, 4:03 PM ET
Accession number0001539838-26-000134

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

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 July 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.