01—Abstract
Summary
Summary of the 8-K filed October 8, 2026. Cited figures are marked; the original filing is the authoritative source.
Diamondback Energy, Inc. (FANG) has reported its third quarter 2026 operational and financial data through an 8-K filing.
The company disclosed realized commodity prices for oil, natural gas, and NGLs, differentiating between hedged and unhedged rates. Notably, average realized prices for oil were $87.30a per barrel unhedged and $85.89 per barrel hedged, indicating some impact from derivative strategies. Natural gas prices were reported at $1.12 per Mcf unhedged and $0.90 per Mcf hedged, while NGLs held steady at $20.02 per barrel for both categories.
Furthermore, the filing outlines anticipated financial impacts from derivative instruments for the quarter, projecting a net loss of $97 millionb on cash settlements and an $85 million non-cash loss. The weighted average basic and diluted shares outstanding remained consistent at 279,959 thousand for the period. Investors should note the forward-looking statements section, which details various risks and uncertainties, including market conditions, geopolitical events, and regulatory changes, that could materially affect future performance.
02—Key points
Key Highlights
- Third quarter 2026 average unhedged realized oil price of $87.30/Bbl.
- Third quarter 2026 average hedged oil price of $85.89/Bbl, showing a modest impact from hedging.
- Third quarter 2026 average realized natural gas prices were $1.12/Mcf (unhedged) and $0.90/Mcf (hedged).
- NGLs realized price remained consistent at $20.02/Bbl for both hedged and unhedged.
- Anticipated net loss of $97 million on cash settlements for derivative instruments in Q3 2026.
- Projected non-cash loss of $85 million on derivative instruments for the quarter.
- Basic and diluted weighted average shares outstanding remained stable at 279,959 thousand for Q3 2026.
03—Questions
Frequently Asked Questions
What were Diamondback's realized prices for oil, natural gas, and NGLs in the third quarter of 2026?
For the third quarter of 2026, Diamondback reported average unhedged realized prices of $87.30 per barrel for oil, $1.12 per Mcf for natural gas, and $20.02 per barrel for NGLs. The average hedged realized prices were $85.89 per barrel for oil, $0.90 per Mcf for natural gas, and $20.02 per barrel for NGLs.
What is the expected financial impact of Diamondback's derivative activity in Q3 2026?
Diamondback anticipates a net loss of $97 million from cash settlements on derivative instruments and a net non-cash loss of $85 million for the third quarter of 2026.
How did Diamondback's hedging strategy affect its oil prices in Q3 2026?
The average realized hedged price for oil in Q3 2026 was $85.89 per barrel, compared to the unhedged price of $87.30 per barrel. This indicates that the derivative instruments resulted in a lower realized price for oil during the quarter.
Are there any significant changes in the number of Diamondback's outstanding shares?
No, for the third quarter of 2026, the weighted average basic and diluted shares outstanding remained constant at 279,959 thousand, suggesting no significant share issuances or repurchases that would alter the average count for the period.
04—Continue