Diamondback (NASDAQ: FANG) flags $97 million derivative loss amid high prices
What happened Diamondback Energy, Inc. (NASDAQ: FANG) said third-quarter 2026 derivatives are expected to show a $97 million cash-settlement loss. Unhedged oil averaged $87.30 a barrel. The company also reported hedged oil at $85.89 a barrel, natural gas at $0.90 per Mcf, and NGLs at $20.02 a barrel. Natural gas liquids were $20.02 a barrel