Diamondback Q2 FY26 net income climbs to $1.88 billion; revenue rises to $5.56 billion

Reuters2026/08/03 20:03

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Diamondback posted Q2 net income attributable to shareholders of USD 1.88 billion, swinging from USD 699 million a year earlier; diluted EPS rose to USD 6.65.
Revenue climbed 51.22% to USD 5.56 billion from USD 3.68 billion a year earlier, while operating income more than doubled to USD 2.51 billion.
Oil output increased to 525,176 bpd as total production rose to 1,017,659 boe/d, clearing the 1 million boe/d milestone.
Net cash from operations rose to USD 3.59 billion as free cash flow reached USD 2.33 billion, while cash capital expenditures totaled USD 996 million.
Debt fell about USD 1.3 billion from Q1 to USD 12.77 billion; the base dividend was set at USD 1.10 a share as buyback authorization doubled to USD 16 billion.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Diamondback Energy Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202608031601PRIMZONEFULLFEED9802709) on August 03, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Diamondback Q2 FY26 net income climbs to $1.88 billion; revenue rises to $5.56 billion

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