---
schema_version: "secwatch.filing_event.v1"
accession: "0001539838-26-000137"
form_type: "8-K"
ticker: "FANG"
cik: "0001539838"
company_name: "Diamondback Energy, Inc."
filed_at: "2026-08-03T20:06:11+00:00"
generated_at: "2026-08-03T20:09:31.821921+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001539838-26-000137
- form_type: 8-K
- ticker: FANG
- cik: 0001539838
- company_name: Diamondback Energy, Inc.
- filed_at: 2026-08-03T20:06:11+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1539838/000153983826000137/0001539838-26-000137-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1539838/000153983826000137/fang-20260803.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001539838-26-000137
- JSON: https://secwatch.observer/filing/0001539838-26-000137.json
- Plain text: https://secwatch.observer/filing/0001539838-26-000137.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.