Diamondback Energy Q3 realized oil price reaches $87.30 per barrel
The company also anticipates a $182 million net loss on derivative instruments for the quarter, including $97 million in cash settlements.
Key takeaways
- Diamondback Energy, Inc. (FANG) disclosed third-quarter 2026 average realized prices of $87.30 per barrel of oil, $1.12 per Mcf of natural gas and $20.02 per barrel of natural gas liquids in an 8-K filed on Oct. 8. It also anticipates a $182 million net loss on derivative instruments, including $97 million in cash settlements and $85 million non-cash.
Diamondback Energy, Inc. (FANG) said in an 8-K filed Thursday that its average unhedged realized price for oil was $87.30 per barrel in the third quarter of 2026. The figures cover the quarter ended Sept. 30, 2026.
Unhedged realized natural gas was $1.12 per Mcf, and natural gas liquids were $20.02 per barrel.
Hedged prices, which include cash settlements on matured derivatives, were $85.89 per barrel for oil, $0.90 per Mcf for natural gas and $20.02 per barrel for natural gas liquids. Hedged prices exclude gains or losses from the early settlement of derivative contracts.
The company anticipates a net loss on cash settlements for derivative instruments of $97 million for the third quarter. It also anticipates a net non-cash loss on derivative instruments of $85 million.
The filing shows a $182 million loss on commodity contracts, net, for the quarter.
Basic and diluted weighted average shares outstanding were both 279,959 thousand for the third quarter.
The filing does not include revenue, earnings per share or production figures.