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Diamondback Energy Surpasses 1 Million BOE/d Milestone in Q2 2026

Guavy AI Editorial Team
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Oil
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Diamondback Energy, Inc. (FANG) has released its financial and operating results for Q2 2026, showing significant growth in production and cash flow.

The company's average oil production reached 525 MBO/d, surpassing the 1 million BOE/d milestone with a total of 1,018 MBOE/d. Net cash provided by operating activities was $3.6 billion, while Operating Cash Flow Before Working Capital Changes came in at $3.3 billion.

Cash capital expenditures were $996 million, and the company generated $2.3 billion in Free Cash Flow and Adjusted Free Cash Flow. Diamondback also repurchased 756,385 shares of common stock for approximately $141 million during Q2 2026.

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