Dividends & Buybacks ·
Diamondback Energy raises annual base dividend by 7.3% to $4.72 per share
FANGDiamondback Energy, Inc.
Diamondback Energy, Inc. announced third-quarter 2026 financial results and increased its annual base cash dividend by 7.3% to $4.72 per share ($1.18 per quarter). The company reported net income of $1.6 billion and diluted earnings per share of $5.69 for the quarter ended September 30, 2026. Average oil production reached 525 MBO/d with free cash flow of $2.1 billion. Diamondback also repurchased 1.3 million shares for approximately $251 million and acquired a 7.5% equity interest in the Solitude Pipeline System. Diamondback Energy, Inc. is an independent oil and natural gas company focused on the acquisition, development, exploration and exploitation of unconventional reserves primarily in the Permian Basin.