Earnings ·
Diamondback Energy reported second quarter 2026 results with net income attributable to shareholders of $1,882 million…
FANGDiamondback Energy, Inc.
Diamondback Energy reported second quarter 2026 results with net income attributable to shareholders of $1,882 million and diluted earnings per share of $6.65. The company produced an average of 525 MBO/d of oil and 1,018 MBOE/d total, surpassing the one million BOE/d milestone for the first time in its history. Net cash provided by operating activities was $3.6 billion, generating $2.3 billion in free cash flow after $996 million in capital expenditures. Diamondback reduced consolidated total debt by approximately $1.3 billion to $12.8 billion and increased its share repurchase authorization to $16.0 billion from $8.0 billion. The Board declared a base cash dividend of $1.10 per share, payable on August 20, 2026, to holders of record as of August 13, 2026. Diamondback Energy is an independent oil and natural gas company focused on the Permian Basin in West Texas.