Short answer
Diamondback Energy (FANG) filed its Q1 2026 10-Q quarterly report on May 6, 2026 for the quarter ended Mar 31, 2026. Quarterly revenue was $4.2B (up 4.7% year over year) with net income of $25M.
Q1 2026 key financials · XBRL
- Revenue
- $4.2B
- +4.7% YoY
- Net income
- $25M
- −98.2% YoY
- Operating margin
- 2.7%
- EPS (diluted)
- $0.08
- −98.3% YoY
Source: XBRL data from the Diamondback Energy (FANG) Q1 2026 10-Q on SEC EDGAR. USD.
Diamondback Energy Q1 2026 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Revenue $3.825B, up $168M or 5% YoY, driven by 15% combined production growth
- Net income $25M, including $1.4B impairment of proved oil and natural gas properties
- Best-performing product: oil revenue $3.445B vs $3.039B YoY; natural gas revenue $21M vs $212M
- Cash capital expenditures $933M; dividends $295M and share repurchases $548M
- Annual production guidance increased 3% to approximately 972 MBOE/d amid improved commodity pricing and supply constraints
Risk Factors
- No material changes in risk factors from the December 31, 2025 Form 10-K
- Carried-forward risks include commodity-price volatility affecting exploration, production, and cash flows
- Carried-forward regulatory risks include environmental, emissions, and climate-related compliance requirements
- Carried-forward operational risks include dependence on Permian Basin assets and infrastructure availability
- Carried-forward financial risks include substantial indebtedness and exposure to interest-rate conditions
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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