Diamondback Energy released a preliminary update for its second quarter 2026, detailing realized commodity prices and derivative activity. The company did not disclose headline revenue or earnings per share figures in this filing.
Key Highlights
- The company reported a second quarter average unhedged realized oil price of $96.82 per barrel.
- Notably, the average unhedged realized price for natural gas was negative, at $(2.15) per Mcf, improving to $(0.34) per Mcf after hedges.
- Diamondback anticipates a net gain on cash settlements for derivative instruments of $113 million for the quarter.