FANG · 10-Q · 2026Q3 · Full report
Power Purchase Commitment
Diamondback Energy, Inc. · 2026-11-04 · Importance 58 · Surprise 42 · In source text
During the nine months ended September 30, 2026, Diamondback entered into a fixed-price contract to purchase electrical power from 2028 through 2034. The company expects to incur approximately $519 million of additional power costs over the contract term. Separately, at September 30, 2026, it expected to fund $494 million–$944 million in aggregate future capital commitments related to investments in the Power JV and Solitude JV.
Key facts
- Diamondback entered a fixed-price electrical power purchase contract covering 2028 through 2034 and expects approximately $519 million of additional future power costs through 2034. source
- Diamondback entered a fixed-price electrical power purchase contract during the nine months ended September 30, 2026, covering 2028 through 2034. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| operating_income | negative | committed | -8.1% | Diamondback entered a fixed-price electrical power purchase contract covering 2028 through 2034 and expects approximately $519 million of… |
| cash | negative | committed | — | Diamondback entered a fixed-price electrical power purchase contract during the nine months ended September 30, 2026, covering 2028… |