Diamondback Energy, Inc. — Third Quarter 2026 Earnings Summary

Diamondback Energy, Inc. reported third-quarter 2026 net income of $1.6 billion and generated $2.6 billion in net cash from operating activities, driven by an average oil production of 525,000 barrels per day. The company increased its annual base dividend by 7.3% to $4.72 per share and repurchased 1.3 million shares for approximately $251 million while also retiring $106 million in senior notes. Management raised its full-year 2026 oil production guidance to approximately 524,000 barrels per day and updated its cash capital expenditure forecast to a range of $3.95 to $4.00 billion.