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Diamondback Energy, Inc. — Third Quarter 2026 Earnings Summary

  • Reported net income of $1,603 million and EPS of $5.69 for Q3 2026, representing significant year-over-year growth from $1,018 million and $3.51 respectively, driven by a 38% revenue increase to $5,431 million.
  • Raised full-year 2026 production guidance to 524 MBO/d (oil) and 1,015 MBOE/d (total), while increasing cash capex guidance to $3.95–$4.00 billion; unit cost guidance for lease operating expenses and taxes was tightened to reflect improved efficiency.
  • Returned $582 million to shareholders in Q3 2026 via a 7.3% dividend increase to $1.18 per share and $251 million in share repurchases, alongside the full redemption of $698 million in 2026 Senior Notes.
  • Strengthened balance sheet with consolidated net debt declining to $12,817 million and standalone liquidity reaching $3,548 million, while acquiring a 7.5% equity interest in the Solitude Pipeline System.
Company
DIAMONDBACK ENERGY INC
Sector
Energy
Industry
Oil & Gas E&P