Diamondback Energy Reports Q3 2026 Realized Prices & Derivative Activity Update

Diamondback Energy, Inc. ($FANG) Form 8-K Summary: Q3 2026 Realized Prices & Derivatives

Overview

On October 8, 2026, Diamondback Energy, Inc. filed a Current Report on Form 8-K under Item 2.02 (Results of Operations and Financial Condition), providing key preliminary financial metrics for the quarter ended September 30, 2026.

Key Disclosures

1. Average Realized Prices (Q3 2026):

   • Oil: Unhedged realized price of $87.30/Bbl; hedged realized price of $85.89/Bbl.
   • Natural Gas: Unhedged realized price of $1.12/Mcf; hedged realized price of $0.90/Mcf.
   • Natural Gas Liquids (NGLs): Both unhedged and hedged realized prices were $20.02/Bbl.

2. Commodity Derivative Activity:

   • Total Net Loss on Derivatives: $(182) million.
   • Cash Settlements Paid: Net cash loss of $(97) million on matured commodity derivatives.
   • Non-Cash Loss: $(85) million unrealized net mark-to-market loss.

3. Share Count:

   • Basic Weighted Average Shares: 279,959,000
   • Diluted Weighted Average Shares: 279,959,000

Market & Investor Implications

This periodic preview assists analysts and investors in fine-tuning earnings models prior to the full quarterly earnings release. The net cash derivative settlements of $(97) million reduced realized oil prices by $1.41/Bbl and natural gas prices by $0.22/Mcf for the quarter.