FANG · 10-Q · 2026Q2 · Full report
Power Purchase Commitment
Diamondback Energy, Inc. · 2026-08-05 · Importance 58 · Surprise 42 · In source text
During the three and six months ended June 30, 2026, Diamondback entered into a fixed-price electrical-power purchase contract covering 2028 through 2034. The agreement is expected to create approximately $519 million of aggregate future electrical-power costs through 2034. The commitment increases long-term operating cost visibility while also exposing the company to fixed-price versus market-price economics over the contract term.
Key facts
- Entered into a fixed price contract for purchase of electrical power from 2028 through 2034 and expect additional future electrical power costs of approximately $519 million in aggregate through 2034. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| cash | negative | committed | -0.6% | Entered into a fixed price contract for purchase of electrical power from 2028 through 2034 and expect additional future electrical power… |