FANG · 10-Q · 2026Q3 · Full report

Permian Natural Gas Pipeline JV

Diamondback Energy, Inc. · 2026-11-04 · Importance 41 · Surprise 42

On August 16, 2026, Diamondback entered a joint venture with third parties to construct and operate two large intrastate natural gas pipelines from the Permian Basin to Katy, Texas. Diamondback received a 7.5% membership interest and funded capital commitments during the quarter ended September 30, 2026; the funded amount is not provided in the supplied filing text. The filing states that the company’s maximum exposure includes its investment and future unfunded commitments, but the total amount is not provided in the supplied filing text.

Key facts

• Diamondback entered into a joint venture agreement on August 16, 2026, to form Solitude JV to construct and operate two large intrastate natural gas pipelines from the Permian Basin to Katy, Texas; Diamondback received a 7.5% membership interest. source
• Diamondback funded $[amount omitted] in Solitude JV capital commitments during the three months ended September 30, 2026. source
• At September 30, 2026, Diamondback’s maximum exposure to potential Solitude JV losses, including its current investment and future unfunded capital commitments, was approximately $[amount omitted]. source