FANG · 10-Q · 2026Q2 · Full report

Geographic Revenue Shift

Diamondback Energy, Inc. · 2026-08-05 · Importance 64 · Surprise 56

Diamondback’s operations remain concentrated in the Permian Basin, particularly the Midland Basin and Delaware Basin. Midland Basin oil sales increased to $7.472 billion in the first six months of 2026 from $5.427 billion in the prior-year period, a 37.7% increase. Total oil, natural gas and natural gas liquids revenue from the Midland Basin increased to $7.947 billion from $6.416 billion, while the Delaware Basin and Other categories represented substantially smaller contributions.

Key facts

• Total MBOE by basin for the three months ended June 30, 2026: Midland Basin 85,147 MBOE, Delaware Basin 7,365 MBOE, Total 92,607 MBOE. source
• Midland Basin oil production for the three months ended June 30, 2026: 44,209 MBbls. source
• Delaware Basin oil production for the three months ended June 30, 2026: 3,565 MBbls. source
• Midland Basin natural gas production for the three months ended June 30, 2026: 115,656 MMcf. source
• Delaware Basin natural gas production for the three months ended June 30, 2026: 12,242 MMcf. source
• Midland Basin NGLs for the three months ended June 30, 2026: 21,662 MBbls. source