FANG · 10-Q · 2026Q2 · Full report

Supply Chain Constraints

Diamondback Energy, Inc. · 2026-08-05 · Importance 29 · Surprise 24 · In source text

Natural gas price realizations were pressured by widening differentials between Waha Hub and Henry Hub prices during the three and six months ended June 30, 2026. The primary issue was regional natural gas takeaway constraints in the Permian Basin, which caused periods of negative pricing at Waha Hub. Diamondback expects the impact to lessen later in 2026 as secured takeaway capacity increases through new contracts and expanded regional infrastructure. Realized prices will remain dependent on future supply, demand and transportation availability.

Key facts

Impact estimates

metricdirectionstageexpectedbasis
revenuepositiveprobableThe Company expects the impact of takeaway constraints to be reduced later in 2026 as its secured takeaway capacity is meaningfully…