Diamondback Energy released preliminary third quarter 2026 operating data, reporting unhedged realized oil prices of $87.30 per barrel. The update focuses on commodity price realizations and derivative impacts, revealing that hedging activities and weak natural gas markets weighed on total results ahead of the full financial report.
Key Highlights
- Unhedged oil realizations of $87.30 per barrel were reduced to a hedged price of $85.89 per barrel following derivative settlements.
- The company expects a total loss on derivative instruments of $182 million, comprised of $97 million in cash settlement losses and $85 million in non-cash losses.
- Natural gas pricing remained weak with unhedged realizations at $1.12 per Mcf, which dropped to a hedged price of $0.90 per Mcf.
- Weighted average diluted shares outstanding for the quarter were 279.96 million.