Diamondback Energy Q3 2026: $182 million derivative loss, oil sold at $87.30 per barrel
Diamondback Energy disclosed preliminary third-quarter 2026 realized prices and derivative results in an Item 2.02 filing, without full financial results. The company reported a $182 million net loss on commodity derivatives, including $97 million in cash settlements, and hedged natural gas realized $0.90 per Mcf, below the $1.12 unhedged price. The filing does not include revenue, earnings per share or guidance, so shareholders cannot yet judge overall profitability from it.
Key points
- Average unhedged realized oil price was $87.30 per barrel; hedged oil price was $85.89 per barrel.
- Average unhedged natural gas price was $1.12 per Mcf; hedged natural gas price was $0.90 per Mcf.
- Net loss on commodity derivatives was $182 million, including $85 million non-cash and $97 million cash settlement loss.
- Basic and diluted weighted average shares outstanding were 279,959 thousand for the quarter.
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 October 08, 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.