Diamondback Energy — Aug 3, 2026 release

2026 Guidance 2026 Guidance Diamondback Energy, Inc. Viper Energy, Inc. 2026 Net production - MBOE/d 1,000+ ( from 972+) 132.5 - 135.0 2026 Oil production - MBO/d 522+ (from 520+) 66.0 - 67.25 Q3 2026 Oil production - MBO/d (total - MBOE/d) 517 - 527 (995 - 1,015) 67.5 - 68.5 (133.5 - 135.5) Unit costs ($/BOE) Lease operating expenses, including workovers $5.90 - $6.40 G&A Cash G&A $0.55 - $0.65 (from $0.55 - $0.70) $0.70 - $0.90 Non-cash equity-based compensation $0.20 - $0.30 $0.10 - $0.20 DD&A $13.50 - $14.50 (from $14.00 - $15.00) $14.75 - $17.25 Interest expense (net of interest income) $0.50 - $0.70 $1.90 - $2.40 Gathering, processing and transportation $1.40 - $1.60 (from $1.50 - $1.70) Production and ad valorem taxes (% of revenue) ~7% ~7% Corporate tax rate (% of pre-tax income) 23% Cash tax rate (% of pre-tax income) (1) 19% - 22% (from 18% - 21%) 27% - 30% Q3 2026 Cash taxes ($ - million) $400 - $460 Cash Capital Budget ($ - million) Operated drilling and completion ~$3,310 2026 Total capital expenditures (2) ~$3,900 Q3 2026 Capital expenditures $950 - $1,050 Average lateral length (Ft.) ~12,900' Net lateral footage completed (1,000's of Ft.) 6,100' - 6,500' (1) Pre-tax income attributable to the Company is a non-GAAP measure. We are not able to forecast the most directly comparable GAAP measure - Income (loss) before income taxes - due to high variability and difficulty in predicting certain items that affect Income (loss) before income taxes, such as futu