FANG · 10-Q · 2026Q2 · Full report
Capital Expenditure Guidance
Diamondback Energy, Inc. · 2026-08-05 · Importance 80 · Surprise 68 · No source text
Diamondback increased its 2026 capital budget guidance by 4% in the second quarter to approximately $3.90 billion, including $3.31 billion for operated horizontal drilling and completions. The company was operating 17 drilling rigs and five completion crews at June 30, 2026. Management expects to adjust development activity, rig cadence and capital allocation as commodity prices and broader market conditions change. Six-month 2026 cash capital expenditures excluding acquisitions and equity-method investments totaled $1.929 billion, including $1.626 billion for operated drilling and completions.
Key facts
- Board of directors approved increasing 2026 capital budget guidance by 4% to approximately $3.90 billion, which includes $3.31 billion for operated horizontal drilling and completions. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| cash | negative | committed | -0.2% | Board of directors approved increasing 2026 capital budget guidance by 4% to approximately $3.90 billion, which includes $3.31 billion for… |
| assets | positive | committed | +0.2% | Board of directors approved increasing 2026 capital budget guidance by 4% to approximately $3.90 billion, which includes $3.31 billion for… |