FANG · 10-Q · 2026Q3 · Full report
Capital Expenditure Guidance
Diamondback Energy, Inc. · 2026-11-04 · Importance 74 · Surprise 68 · No source text
On October 29, 2026, Diamondback’s board approved raising 2026 capital budget guidance to approximately $3.95 billion–$4.00 billion, 6% higher at the midpoint than initial guidance. The revised budget includes $3.35 billion–$3.40 billion for operated horizontal drilling and completion. Management says spending can be deferred and rig cadence or the budget adjusted in response to commodity prices, market conditions, permitting, infrastructure availability, and other factors; the company was operating 19 drilling rigs and five completion crews.
Key facts
- On October 29, 2026, Diamondback's board approved raising 2026 capital budget guidance to approximately $3.95 billion-$4.00 billion, up 6% at the midpoint from initial guidance, including $3.35 billion-$3.40 billion for operated horizontal drilling and completion. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| cash | negative | committed | -0.3% | On October 29, 2026, Diamondback's board approved raising 2026 capital budget guidance to approximately $3.95 billion-$4.00 billion, up 6%… |