$FANG · Diamondback Energy, Inc.
Diamondback Energy filed its 10-Q for the quarter ended September 30, 2026. Revenue rose 38.4% YoY to $5.431B, with net income attributable to Diamondback of $1.603B and diluted EPS of $5.69. Oil sales drove the gain at $4.216B versus $2.994B a year earlier. The nine-month period included a $1.4B impairment of oil and natural gas properties.
- Q3 revenue $5.431B, up 38.4% YoY from $3.924B.
- Net income attributable to Diamondback was $1.603B, or $5.69 diluted EPS.
- Oil sales rose to $4.216B from $2.994B a year earlier.
- Nine-month results include a $1.4B impairment of oil and natural gas properties.
- Daily combined volumes rose to 1,033,967 BOE/d from 1,017,659 BOE/d in Q2.
Shares fell 4.92% in the regular session to $182.88, with extended-hours trading at $182.26 (-0.34% vs close). The decline likely reflects the $1.4B impairment and a softer oil price environment despite strong YoY revenue growth.
Strong YoY revenue and EPS growth is tempered by a $1.4B impairment, signaling commodity-price pressure on asset values.
Diamondback's 38.4% revenue growth and $1.4B impairment reflect the broader Permian producer dynamic of strong volumes offset by commodity-price volatility and periodic reserve writedowns.
The filing flags commodity-price volatility, OPEC+ actions, and a Texas Railroad Commission moratorium on new produced-water disposal well permits tied to induced seismicity in the Permian Basin as key risks.