Screener
Diamondback Energy FANG Impairment Of Oil And Gas Properties
Impairment Of Oil And Gas Properties at other companies
Other financials
Where this comes from
Reported directly by Diamondback Energy in its filing.
Tagged under the XBRL concept us-gaap:ImpairmentOfOilAndGasProperties.
The source filing: Diamondback Energy’s 10-Q, filed August 5, 2026.
- Filed
- Aug 5, 2026, 4:05 PM EDT
- Fiscal quarter
- Q2 FY2026
- Calendar quarter
- Q2 2026
- Accession
- 0001539838-26-000142
| Line item | Three Months Ended June 30, 2026 | Three Months Ended June 30, 2025 | Six Months Ended June 30, 2026 | Six Months Ended June 30, 2025 |
|---|---|---|---|---|
| Gathering, processing and transportation | 113 | 145 | 233 | 256 |
| Purchased oil expense | 730 | 331 | 1,123 | 713 |
| Depreciation, depletion, amortization and accretion | 1,272 | 1,266 | 2,565 | 2,363 |
| Impairment of oil and natural gas properties | — | — | 1,400 | — |
| General and administrative expenses | 72 | 67 | 151 | 140 |
| Other operating expenses, net | 9 | 76 | 33 | 152 |
| Total costs and expenses | 3,050 | 2,539 | 7,174 | 4,914 |
| Income (loss) from operations | 2,512 | 1,139 | 2,628 | 2,812 |
Item 1. Financial Statements (Unaudited)
FAQ
- What is Diamondback Energy's impairment of oil and gas properties?
- Diamondback Energy (FANG) reported impairment of oil and gas properties of $0 in Q2 2026.
- What does impairment of oil and gas properties mean?
- Impairment charges represent a non-cash write-down of the carrying value of oil and gas assets when their book value exceeds their recoverable fair market value. This often occurs due to downward revisions in commodity price forecasts or reserve estimates. It signals a reduction in the long-term economic value of the company's asset base.
Ask your AI about Diamondback Energy's impairment of oil and gas properties.
Connect your AI assistant and compare it to peers, right in your chat.
Connect your AI
Claude