Highlights

  • Diamondback Energy shares were trading at $205.75 on October 23, 2026, up 4.37%.
  • The company disclosed average third-quarter 2026 unhedged realized prices of $87.30 per barrel of oil and $1.12 per Mcf of natural gas.
  • Diamondback anticipates a net loss on cash settlements for derivative instruments of $97 million and a net non-cash loss of $85 million for the quarter.
  • The disclosure follows Diamondback’s recently completed mineral and royalty interest drop-down to its subsidiary Viper Energy, Inc. and Viper’s separate completed acquisition of Sitio.

Diamondback Energy (NASDAQ: FANG) shares were trading at USD 205.75 on October 23, 2026, up 4.37%. The Permian Basin producer disclosed preliminary third-quarter 2026 realized pricing and derivative information on October 8, 2026, under Item 2.02 of a Form 8-K, ahead of its full quarterly earnings release.

Diamondback Energy is headquartered in Midland, Texas, and is incorporated in Delaware. The company has continued to restructure its mineral and royalty interest holdings through its majority-owned subsidiary, Viper Energy, Inc., including a recently completed drop-down of certain mineral and royalty interests from Diamondback and related subsidiaries to Viper, and Viper’s separate completion of its previously announced acquisition of Sitio.

Preliminary Pricing Shows Firmer Oil Realizations

Diamondback said average unhedged realized prices for the third quarter of 2026 were $87.30 per barrel of oil, $1.12 per Mcf of natural gas, and $20.02 per barrel of natural gas liquids. Including the effect of its commodity derivative program, average realized hedged prices were $85.89 per barrel of oil, $0.90 per Mcf of natural gas, and $20.02 per barrel of natural gas liquids, indicating the company’s hedge book had a modest negative effect on its oil and natural gas realizations relative to unhedged market prices during the quarter, while NGL realizations were unaffected by hedging.

Derivative Positions Show a Net Loss for the Quarter

For the third quarter of 2026, Diamondback anticipates a net loss on cash settlements for derivative instruments of $97 million and a net non-cash loss on derivative instruments of $85 million, together reflecting a $182 million net loss on commodity contracts for the period. The company said these figures reflect gains and losses on cash settlements for matured commodity derivatives that it does not designate for hedge accounting, consistent with its historical practice of layering in hedges to manage commodity price exposure across its production base.

Share Count Disclosed Ahead of Full Results

Diamondback estimated basic and diluted weighted average shares outstanding for the third quarter of 2026 at 279,959 thousand shares, a figure the company will use in calculating per-share results when it reports complete third-quarter financial results. As with its pricing and derivative disclosures, this share count is presented as a preliminary estimate subject to finalization of the company’s quarter-end reporting process.