Short answer
Diamondback Energy (FANG) filed its Q2 2026 10-Q quarterly report on Aug 5, 2026 for the quarter ended Jun 30, 2026. Quarterly revenue was $5.6B (up 51.2% year over year) with net income of $1.9B.
Q2 2026 key financials · XBRL
- Revenue
- $5.6B
- +51.2% YoY · +31.2% QoQ
- Net income
- $1.9B
- +169.2% YoY · +7428.0% QoQ
- Operating margin
- 45.2%
- EPS (diluted)
- $6.64
- +180.2% YoY · +8200.0% QoQ
Source: XBRL data from the Diamondback Energy (FANG) Q2 2026 10-Q on SEC EDGAR. USD.
Diamondback Energy Q2 2026 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Revenue $4.8B in Q2 2026, up $961M from Q1; six-month revenue $8.6B, up 23% YoY
- Net income $1.9B; cash operating costs $10.96 per BOE, including lease operating costs $5.96
- Oil strongest product: $4.627B Q2 sales; natural gas weakest at $(276)M amid negative Waha pricing
- Cash capital expenditures $996M; dividends $311M, buybacks $141M, debt retirements $1.378B
- Annual production guidance increased 3% to approximately 1,000 MBOE/d; takeaway constraints expected to ease later in 2026
Risk Factors
- No material changes in risk factors from the December 31, 2025 Form 10-K
- Carried-forward regulatory risk under the Inflation Reduction Act’s nondeductible 1% stock-repurchase excise tax
- Carried-forward financial risk from stock repurchases, with authorization increased to $16.0 billion
- Carried-forward operational and market risks remain incorporated by reference from the 2025 Form 10-K
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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