FANG · 10-Q · 2026Q2 · Full report

Revenue Performance and Mix

Diamondback Energy, Inc. · 2026-08-05 · Importance 59 · Surprise 48 · From source text

Oil, natural gas and natural gas liquids revenue increased $1.6 billion, or 23%, to $8.6 billion in the six months ended June 30, 2026, from $7.0 billion in the prior-year period. Higher oil prices contributed $973 million of the increase, while 13% growth in combined production volumes contributed $665 million; lower natural gas and natural gas liquids prices partially offset the gains. Combined production increased to 998,613 BOE per day from 885,459 BOE per day, with approximately 33% of volume growth attributable to Viper’s Sitio Acquisition and 16% attributable to the Double Eagle Acquisition. Second-quarter revenue increased $961 million sequentially to $4.8 billion, including $861 million from higher average prices and $100 million from higher production volumes.

Key facts

• Six months oil, natural gas and natural gas liquids revenues increased by $1.6 billion, or 23%, to $8.6 billion compared to same period in 2025, consisting of $973 million from higher oil prices and $665 million from 13% growth in combined production volumes. source
• Total oil, natural gas and natural gas liquid revenues for the three months ended June 30, 2026: $4,786 (in millions). source
• Oil sales for the six months ended June 30, 2026: $8,072 million; total oil, natural gas and natural gas liquid revenues for the six months ended June 30, 2026: $8,611 million. source
• Oil sales, three months ended June 30, 2026: $4,627 million source
• Oil sales, three months ended June 30, 2025: $2,852 million source
• Total revenues, three months ended June 30, 2026: $5,562 million source
• Total revenues, six months ended June 30, 2026: $9,802 million source
• Total oil, natural gas and natural gas liquid revenues for the three months ended March 31, 2026: $3,825 (in millions). source

Impact estimates