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AI English summary of an SEC filing — figures as filed

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Diamondback Energy said first-quarter Q1 2026 average unhedged realized prices were $73.47 per barrel of oil, $0.18 per Mcf of natural gas and $16.68 per barrel of natural gas liquids.

8-KResults of Operations and Financial ConditionFiled Period of report Summary published (UTC)

Key points

AI summary
  1. Diamondback Energy said first-quarter Q1 2026 average unhedged realized prices were $73.47 per barrel of oil, $0.18 per Mcf of natural gas and $16.68 per barrel of natural gas liquids.

  2. The company said first-quarter Q1 2026 average realized hedged prices were $72.53 per barrel of oil, $1.90 per Mcf of natural gas and $16.68 per barrel of natural gas liquids.

  3. Diamondback Energy said it anticipates a net gain on cash settlements for derivative instruments of $133 million and a net non-cash loss on derivative instruments of $16 million for first-quarter Q1 2026. Settlement items are commodity contracts $160 million and interest rate swaps $(27) million.

  4. The company said it recognized a $27 million realized loss upon termination of interest rate swaps with a remaining aggregate notional amount of $300 million. For first-quarter Q1 2026, basic and diluted weighted average shares outstanding were 282,792 (in thousands).

Summary

AI-written

Analysis scope · Filing bodyWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

First-quarter Q1 2026 average unhedged realized prices

Diamondback Energy said first-quarter Q1 2026 average unhedged realized prices were $73.47 per barrel of oil, $0.18 per Mcf of natural gas and $16.68 per barrel of natural gas liquids.

Source · Based on the filing body and exhibits

First-quarter Q1 2026 average realized hedged prices

The company said first-quarter Q1 2026 average realized hedged prices were $72.53 per barrel of oil, $1.90 per Mcf of natural gas and $16.68 per barrel of natural gas liquids.

Source · Based on the filing body and exhibits

First-quarter Q1 2026 net gain on cash settlements for derivative instruments

Diamondback Energy said it anticipates a net gain on cash settlements for derivative instruments of $133 million and a net non-cash loss on derivative instruments of $16 million for first-quarter Q1 2026. Settlement items are commodity contracts $160 million and interest rate swaps $(27) million.

Source · Based on the filing body and exhibits

Interest rate swap termination loss and weighted average shares outstanding

The company said it recognized a $27 million realized loss upon termination of interest rate swaps with a remaining aggregate notional amount of $300 million. For first-quarter Q1 2026, basic and diluted weighted average shares outstanding were 282,792 (in thousands).

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

Source: SEC EDGAR (U.S. Securities and Exchange Commission). Item captions are the SEC's. The summary is for reference only and is not investment advice.