01—Abstract
Summary
Summary of the 8-K filed July 13, 2026. Cited figures are marked; the original filing is the authoritative source.
Diamondback Energy, Inc. (FANG) has filed an 8-K report detailing its financial and operational highlights for the second quarter ended June 30, 2026.
The report primarily focuses on realized commodity prices, derivative activity, and weighted average shares outstanding. Investors should note the realized prices for oil, natural gas, and NGLs, observing both hedged and unhedged figures to understand the impact of hedging strategies. The company also reported a net gain on derivative instruments, indicating a positive impact from its hedging contracts during the quarter.
The filing also provides information on the weighted average basic and diluted shares outstanding, which is crucial for earnings per share calculations. While specific financial results beyond these metrics are not detailed in this particular 8-K filing, the provided data offers insight into the company's revenue drivers and risk management practices. Investors are encouraged to review the company's full financial statements and accompanying management discussion and analysis for a comprehensive understanding of Diamondback's performance.
02—Key points
Key Highlights
- Second quarter 2026 average unhedged realized oil price was $96.82 per barrel.
- Second quarter 2026 average unhedged realized natural gas price was $(2.15) per Mcf.
- Second quarter 2026 average unhedged realized NGLs price was $18.56 per barrel.
- Diamondback reported a net gain of $113 million from cash settlements on derivative instruments for Q2 2026.
- A non-cash loss of $64 million on derivative instruments was also reported for Q2 2026.
- Basic and diluted weighted average shares outstanding remained consistent at 281,202 thousand for Q2 2026.
03—Questions
Frequently Asked Questions
What were Diamondback Energy's realized prices for oil, natural gas, and NGLs in the second quarter of 2026?
For the second quarter of 2026, Diamondback Energy reported average unhedged realized prices of $96.82 per barrel for oil, $(2.15) per Mcf for natural gas, and $18.56 per barrel for NGLs. The hedged realized prices were $94.33 per barrel for oil and $(0.34) per Mcf for natural gas.
Did Diamondback Energy benefit from its derivative activities in the second quarter of 2026?
Yes, Diamondback Energy reported a net gain of $113 million on cash settlements for derivative instruments in the second quarter of 2026. However, there was also a net non-cash loss of $64 million on derivative instruments.
What is the impact of Diamondback Energy's hedging strategy on its realized prices?
The company's hedged prices for oil and natural gas were lower than unhedged prices, indicating that the derivative contracts, while providing some price protection, resulted in a lower average realized price compared to the market price for the hedged portion during the quarter. Specifically, the hedged oil price was $94.33/Bbl versus an unhedged $96.82/Bbl, and the hedged natural gas price was $(0.34)/Mcf versus an unhedged $(2.15)/Mcf.
How many shares of Diamondback Energy were outstanding in the second quarter of 2026?
For the second quarter of 2026, the basic and diluted weighted average shares outstanding for Diamondback Energy were 281,202 thousand.
04—Continue