FANG · 10-Q · 2026Q3 · Full report
Revenue Performance and Mix
Diamondback Energy, Inc. · 2026-11-04 · Importance 64 · Surprise 56 · From source text
Total revenue was $5.431 billion in the third quarter of 2026, up 38.4% from $3.924 billion in the third quarter of 2025; nine-month revenue was $15.233 billion, up 30.8% from $11.650 billion. Nine-month oil, natural gas and natural gas liquids revenue increased to $13.465 billion from $10.420 billion, while purchased-oil sales rose to $1.660 billion in the quarter from $1.168 billion. The Midland Basin generated $3.908 billion of third-quarter 2026 oil sales and $11.380 billion for the first nine months, compared with $2.786 billion and $8.213 billion, respectively, in 2025.
Key facts
- Diamondback reported total revenues of $5,431 million for the three months ended September 30, 2026, compared with $3,924 million for the three months ended September 30, 2025. source
- Diamondback reported total revenues of $15,233 million for the nine months ended September 30, 2026, compared with $11,650 million for the nine months ended September 30, 2025. source
- Diamondback's oil, natural gas, and NGL revenues for the nine months ended September 30, 2026 increased $3.0 billion, or 29%, to $13.5 billion year over year. source
- The nine-month revenue increase included $2.2 billion from higher average oil prices, partly offset by lower natural gas and NGL prices, and $855 million from 12% growth in combined production volumes. source
- Diamondback's oil, natural gas, and NGL revenues increased $68 million to $4.9 billion in Q3 2026 versus Q2 2026, including $51 million primarily from higher oil production volumes and $17 million primarily from higher natural gas prices, partly offset by lower oil prices. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| revenue | positive | realized | +66.0% | Diamondback reported total revenues of $15,233 million for the nine months ended September 30, 2026, compared with $11,650 million for the… |
| revenue | positive | realized | +40.5% | The nine-month revenue increase included $2.2 billion from higher average oil prices, partly offset by lower natural gas and NGL prices,… |
| revenue | positive | realized | +27.8% | Diamondback reported total revenues of $5,431 million for the three months ended September 30, 2026, compared with $3,924 million for the… |
| revenue | positive | realized | +15.7% | The nine-month revenue increase included $2.2 billion from higher average oil prices, partly offset by lower natural gas and NGL prices,… |
| revenue | positive | realized | — | The nine-month revenue increase included $2.2 billion from higher average oil prices, partly offset by lower natural gas and NGL prices,… |
| revenue | negative | realized | — | The nine-month revenue increase included $2.2 billion from higher average oil prices, partly offset by lower natural gas and NGL prices,… |