FANG · 8-K · 20261102PR000180
Guidance / Outlook
Diamondback Energy, Inc. · 2026-11-02 · Importance 74 · Surprise 68 · No source text
Diamondback raised its 2026 oil production guidance to approximately 524 MBO/d from 522+ MBO/d and total production guidance to approximately 1,015 MBOE/d from 1,000+ MBOE/d. It increased full-year 2026 cash capital expenditure guidance to $3.95–$4.00 billion from approximately $3.9 billion, including $3.35–$3.40 billion for operated drilling and completion. For Q4 2026, the company guided to oil production of 518–528 MBO/d, total production of 1,025–1,045 MBOE/d, and cash capital expenditures of $1.00–$1.05 billion.
Key facts
- Diamondback increased its 2026 annual oil production guidance to approximately 524 MBO/d from 522+ MBO/d and total production guidance to approximately 1,015 MBOE/d from 1,000+ MBOE/d. source
- Diamondback’s Q4 2026 oil production guidance is 518–528 MBO/d, with total production guidance of 1,025–1,045 MBOE/d. source
- Diamondback’s 2026 production and ad valorem tax guidance is approximately 6.5% of revenue, revised from approximately 7%. source
- Diamondback’s 2026 net lateral footage completed guidance is 6.2–6.6 million feet, increased from 6.1–6.5 million feet. source
- Diamondback’s full-year 2026 lease operating expense guidance, including workovers, is $5.95–$6.20 per BOE, revised from $5.90–$6.40. source
- Diamondback’s 2026 gathering, processing and transportation cost guidance is $1.30–$1.50 per BOE, revised from $1.40–$1.60. source
- Diamondback disclosed that a moratorium on new produced-water disposal well permits was recently imposed by the Texas Railroad Commission to control induced seismicity in the Permian Basin. source
- Diamondback’s 2026 cash G&A guidance is $0.55–$0.65 per BOE. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| operating_income | positive | committed | +0.4% | Diamondback’s 2026 production and ad valorem tax guidance is approximately 6.5% of revenue, revised from approximately 7%. |
| revenue | positive | committed | — | Diamondback increased its 2026 annual oil production guidance to approximately 524 MBO/d from 522+ MBO/d and total production guidance to… |
| operating_income | positive | committed | — | Diamondback’s full-year 2026 lease operating expense guidance, including workovers, is $5.95–$6.20 per BOE, revised from $5.90–$6.40. |
| operating_income | positive | committed | — | Diamondback’s 2026 gathering, processing and transportation cost guidance is $1.30–$1.50 per BOE, revised from $1.40–$1.60. |
| revenue | negative | contingent | — | Diamondback disclosed that a moratorium on new produced-water disposal well permits was recently imposed by the Texas Railroad Commission… |