HighGravityDataDiamondback Energy — Aug 3, 2026 release
Fiscal 2026 second-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0001539838-26-000137
Showing in the filing
Operated drilling and completion (Cash Capital Budget, $ - million)
“~$3,310”
Period
FY2026
Measure
Company-defined measure
Source
Guidance table
All guidance in this release · 32
Base cash dividend for Q2 FY2026
“$1.10 per share”
Annual oil production for FY2026
“522+ (from 520+) MBO/d”
Total BOE production for FY2026
“1,000+ (from 972+) MBOE/d”
Cash capital expenditures for FY2026
“~$3.9 billion”
Oil production for Q3 FY2026
“517 - 527 MBO/d (995 - 1,015 MBOE/d)”
Cash capital expenditures for Q3 FY2026
“$950 - $1,050 million”
Share repurchase authorization
“$16.0 billion (excluding excise tax)”
Remaining share repurchase availability
“approximately $9.9 billion”
Share repurchase program outlook
“expects to continue repurchases opportunistically using cash on hand, free cash flow and potential asset sale proceeds”
Net production - MBOE/d, Diamondback Energy,… for FY2026
“1,000+ ( from 972+)”
Net production - MBOE/d, Viper Energy, Inc. for FY2026
“132.5 - 135.0”
Oil production - MBO/d, Diamondback Energy, … for FY2026
“522+ (from 520+)”
Oil production - MBO/d, Viper Energy, Inc. for FY2026
“66.0 - 67.25”
Oil production - MBO/d (total - MBOE/d) (Dia… for Q3 FY2026
“517 - 527 (995 - 1,015)”
Oil production - MBO/d (total - MBOE/d) (Vip… for Q3 FY2026
“67.5 - 68.5 (133.5 - 135.5)”
Lease operating expenses, including workover… for FY2026
“$5.90 - $6.40”
Cash G&A ($/BOE) (Diamondback Energy, Inc.) for FY2026
“$0.55 - $0.65 (from $0.55 - $0.70)”
Cash G&A ($/BOE) (Viper Energy, Inc.) for FY2026
“$0.70 - $0.90”
Non-cash equity-based compensation ($/BOE) (… for FY2026
“$0.20 - $0.30”
Non-cash equity-based compensation ($/BOE) (… for FY2026
“$0.10 - $0.20”
DD&A ($/BOE) (Diamondback Energy, Inc.) for FY2026
“$13.50 - $14.50 (from $14.00 - $15.00)”
DD&A ($/BOE) (Viper Energy, Inc.) for FY2026
“$14.75 - $17.25”
Interest expense (net of interest income) ($… for FY2026
“$0.50 - $0.70”
Interest expense (net of interest income) ($… for FY2026
“$1.90 - $2.40”
Gathering, processing and transportation ($/… for FY2026
“$1.40 - $1.60 (from $1.50 - $1.70)”
Production and ad valorem taxes (% of revenue) for FY2026
“~7%”
Cash tax rate (% of pre-tax income) for FY2026
“19% - 22% (from 18% - 21%)”
Cash taxes ($ - million) for Q3 FY2026
“$400 - $460”
Operated drilling and completion (Cash Capit… for FY2026
“~$3,310”
Total capital expenditures (2) ($ - million) for FY2026
“~$3,900”
Average lateral length (Ft.) for FY2026
“~12,900'”
Net lateral footage completed (1,000's of Ft.) for FY2026
“6,100' - 6,500'”
Exhibit 99.1 · the passage around this item
… earlier in the release
2026 Net production - MBOE/d 1,000+ ( from 972+) 132.5 - 135.0 2026 Oil production - MBO/d 522+ (from 520+) 66.0 - 67.25 Q3 2026 Oil production - MBO/d (total - MBOE/d) 517 - 527 (995 - 1,015) 67.5 - 68.5 (133.5 - 135.5) Unit costs ($/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 future commodity prices, pace of and costs of developing, producing and operating our interests in oil and natural gas properties, future changes in interest rates and various other business factors impacting our financial results. (2) Includes non-operated drilling and completion, capital workovers, science, infrastructure, midstream and environmental. CONFERENCE CALL Diamondback will host a conference call and webcast for investors and analysts to discuss its results for the second quarter of 2026 on Tuesday, August 4, 2026 at 8:00 a.m. CT. Access to the webcast, and replay which will be available following the call, may be found here. The live webcast of the earnings conference call will also be ava
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.