Welcome to our dedicated page for Diamondback Ener news (Ticker: FANG), a resource for investors and traders seeking the latest updates and insights on Diamondback Ener stock.
Diamondback Energy, Inc. reports news as an independent oil and natural gas company focused on unconventional, onshore reserves in the Permian Basin of West Texas. Updates center on oil, natural gas and NGL production, realized prices, commodity derivatives, cash capital expenditures, free cash flow, and production guidance.
Recurring FANG developments also include capital allocation through base cash dividends and common-stock repurchases, shareholder letters on commodity-market conditions and operating flexibility, public offerings involving common stock, and liability-management actions such as tender offers for senior notes.
Viper Energy (NASDAQ:VNOM), a subsidiary of Diamondback Energy (NASDAQ:FANG), reported Q2 2026 average production of 65,077 bo/d (134,363 boe/d), total operating income of $677 million and consolidated net income of $331 million, including $142 million attributable to Viper, or $0.73 per Class A share. Cash available for distribution was $262 million, or $1.37 per Class A share.
The Board declared a Q2 2026 base dividend of $0.38 and variable dividend of $0.29 per Class A share and approved, effective Q3 2026, a 32% increase in the annual base dividend to $2.00 per share. Viper returned $197 million (75% of cash available for distribution) via dividends and buybacks, including repurchasing 3.0 million Class A shares for $132 million. The company closed the Riverbend Oil & Gas IX acquisition on July 1, 2026, agreed to acquire additional mineral and royalty interests from Diamondback subsidiaries for 3.7 million OpCo Units and Class B shares, increased 2026 production guidance, and ended Q2 with $77 million in cash, $1.7 billion of debt and about $2.0 billion of total liquidity.
Diamondback Energy (NASDAQ:FANG) reported second quarter 2026 net income attributable to the company of $1.88 billion, or $6.65 diluted EPS, on total revenues of $5.56 billion versus $3.68 billion a year earlier. Consolidated Adjusted EBITDA was $3.94 billion, with Free Cash Flow of $2.33 billion and cash capital expenditures of $996 million.
Average Q2 production was 525 MBO/d and 1,018 MBOE/d. Diamondback reduced consolidated total debt to $12.77 billion and net debt to $12.30 billion, and reported standalone liquidity of $3.39 billion after expanding its credit facility to $3.0 billion and extending maturity to 2031.
The Board declared a $1.10 per share base dividend and repurchased 756,385 shares for $141 million in Q2, then increased share repurchase authorization to $16.0 billion with about $9.9 billion remaining. Full-year 2026 oil production guidance was raised to 522+ MBO/d and total production to 1,000+ MBOE/d while keeping the ~$3.9 billion capital budget unchanged.
Diamondback Energy (NASDAQ:FANG) issued a letter to stockholders alongside its Q2 2026 results, highlighting record scale and capital returns. Second-quarter oil production averaged 525 MBO/d, at the top of guidance, with total production of 1,018 MBOE/d, pushing average output above one million BOE/d for the first time in the company’s history. Full-year oil and total production guidance were raised to 522+ MBO/d and 1,000+ MBOE/d, while capex guidance remains about $3.9 billion.
Diamondback reported $3.6 billion in net cash from operating activities and $2.3 billion of Free Cash Flow in Q2. Per-share net cash from operations, Free Cash Flow and oil production grew 49%, 81% and 21% respectively versus Q2 2024. Lease operating expense fell to $5.96/BOE and cash G&A to $0.52/BOE, reducing total cash operating expense to $10.96/BOE.
The company accelerated deleveraging after removing its formulaic return framework, cutting consolidated total debt by $1.3 billion QoQ to $12.8 billion and net debt by $1.6 billion to $12.3 billion. Over the past 12 months, total and net debt declined by $2.6 billion (~17%) and $2.8 billion (~19%). Diamondback’s board doubled the share repurchase authorization to $16.0 billion; since 2021, the company has repurchased ~43 million shares for $6.1 billion. Q2 gas realizations were pressured to −$2.15/Mcf (pre-hedge) by Permian takeaway constraints, but new capacity turned Waha pricing positive in July.
Diamondback Energy (NASDAQ:FANG) plans to release its second quarter 2026 financial results on August 3, 2026, after the market close. The company will host an earnings conference call and live webcast on August 4, 2026 at 8:00 a.m. CT for investors and analysts.
The webcast and subsequent replay will be accessible through the Investor Relations section of Diamondback's website.
Diamondback Energy (NYSE:FANG) reported Q1 2026 results and a strategic capital-allocation update on May 4, 2026. Production averaged 521 MBO/d, above guidance, with cash capex of $933 million. The company generated $1.8 billion net cash from operations and $1.7 billion free cash flow, recorded a $1.4 billion non-cash impairment, and reduced consolidated gross debt to $14.1 billion (net debt ~$13.9 billion).
Management raised the annual base dividend 5% to $4.40, removed the quarterly formulaic percent-of-AFC payout, plans continued buybacks, will run 5 completion crews and add 2–3 rigs, and will draw down DUCs to sustain production above 520 MBO/d.
Diamondback Energy (NASDAQ: FANG) reported Q1 2026 results: average oil production of 521.0 MBO/d (979.4 MBOE/d), net cash from operations of $1.8 billion, operating cash flow before working capital changes of $2.6 billion, cash capex of $933 million, and adjusted free cash flow of $1.7 billion. The Board raised the base cash dividend to $1.10 per share and repurchased 3.3 million shares for ~$548 million. Updated 2026 guidance increases oil production to 520+ MBO/d and total BOE to 972+ MBOE/d; total 2026 capex is ~$3.9 billion.
Diamondback Energy (NASDAQ: FANG) announced results of tender offers to buy outstanding 4.400% senior notes due 2051 and 4.250% senior notes due 2052.
The company received valid tenders totaling $776,763,000 aggregate principal (excluding $35,919,000 under guaranteed delivery). Consideration is $825.60 per $1,000 for 2051 notes and $802.42 per $1,000 for 2052 notes. Settlement is expected April 13, 2026, with guaranteed deliveries settling April 15, 2026.
Diamondback Energy (NASDAQ: FANG) priced tender offers to purchase any and all of its outstanding 4.400% Senior Notes due 2051 and 4.250% Senior Notes due 2052 on April 10, 2026. The Consideration per $1,000 is $825.60 (2051) and $802.42 (2052) using a settlement date of April 13, 2026.
Aggregate outstanding amounts are $386,412,000 (2051) and $605,258,000 (2052); Reference Yield is 4.921% with an 80 bps fixed spread. Offers expire April 10, 2026; guaranteed delivery deadlines and payment timings extend into April 14–15, 2026.
Diamondback Energy (NASDAQ: FANG) launched tender offers to purchase any and all of its 4.400% senior notes due 2051 ($386,412,000) and 4.250% senior notes due 2052 ($605,258,000), for aggregate outstanding principal of about $991.7 million.
Consideration per $1,000 will be set by reference to a U.S. Treasury reference security yield plus a fixed spread of 80 bps; accrued interest will also be paid. Expiration is 5:00 p.m. ET on April 10, 2026 with expected settlement on April 13 or April 15, 2026.
Diamondback Energy (NASDAQ: FANG) will release first quarter 2026 financial results on May 4, 2026 after market close and will host an earnings conference call and webcast on May 5, 2026 at 8:00 a.m. CT.
Live webcast access and a replay will be available via the company website under Investor Relations. Investor contact: Adam Lawlis, +1 432.221.7467, alawlis@diamondbackenergy.com.