Diamondback Energy Q2 production surpasses 1M BOE/d; raises 2026 oil guidance to 522+ MBO/d

Diamondback Energy, Inc.

Q2 production 1,018 MBOE/d (milestone), oil 525 MBO/d; net cash from ops $3.6B, FCF $2.3B.
Reduced total debt by ~$1.3B to $12.8B; net debt down ~$1.6B to $12.3B.
Raised 2026 oil production guidance to 522+ MBO/d (from 520+); total BOE to 1,000+ (from 972+); capex unchanged ~$3.9B.
Declared base cash dividend $1.10/share; repurchased 756,385 shares for ~$141M in Q2; Board doubled buyback authorization to $16B.
Q3 2026 guidance: oil 517-527 MBO/d, total 995-1,015 MBOE/d, capex $950M-$1,050M.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.