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Diamondback Energy10-Q: Goodwill impairment

Company records $902M operating loss in Q1 2026 driven by a non-cash impairment charge.

What happened

Diamondback reported a significant operating loss of $902 million for the quarter, primarily due to a non-cash impairment charge within its guarantor group. Such write-downs often signal that certain assets are not generating expected returns, which could prompt management to review asset performance, operational efficiency, and related technology platforms.

Source

SEC EDGARMay 6, 2026

Quarterly report (Form 10-Q)

Diamondback Energy 10-Q

Filing excerpt

During the three months ended March 31, 2026, the Company recorded a noncash impairment that is reflected in the summarized results of the guarantor group.

sec.gov/Archives/edgar/data/1539838/000153983826000077/fang-20260331.htmRead the full source

Other signals in this filing (11)

Extracted by Autobound

From the Signal API record
Signal
10-Q: Goodwill impairment

What this signalsFilings often name leadership changes, deals and spending plans.

Fiscal year end
03/31
Filed
May 6, 2026

More 10-Q signals at other companies

The full record

From the Signal API record

Numbers

Dollar figure
-$902M (Income (loss) from operations for Q1 2026)

Details

CIK
1539838
Accession number
0001539838-26-000077
Timeframe
Current quarter
Filing year
2026
Fiscal year
0
Why it matters
Strategic review underway
Signal category
Financial

Extraction

Confidence
High
Relevance
70%
Sentiment
Negative
Detected
May 12, 2026
signal_type
sec-10q
signal_subtype
goodwillImpairment

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The API returns more than this page shows

This page shows a preview. The full sec-10q record in the Signal API and MCP can also have these 8 fields. Some fields are empty for some signals.

Company

  • linkedin_urlValue in the API
  • industriesValue in the API
  • employee_count_lowValue in the API
  • employee_count_highValue in the API
  • revenueValue in the API
  • descriptionValue in the API

Signal

  • signal_nameValue in the API
  • associationValue in the API
Show the full JSONThe record on this page and the API request

GET /v1/signals/5c457f28-62c4-40e8-ab84-8a70577f3b19 returns this record as JSON. POST /v1/companies/enrich returns every signal for diamondbackenergy.com.

{
  "signal_id": "5c457f28-62c4-40e8-ab84-8a70577f3b19",
  "signal_type": "sec-10q",
  "signal_subtype": "goodwillImpairment",
  "detected_at": "2026-05-12T09:24:57.285+00:00",
  "company": {
    "name": "Diamondback Energy",
    "domain": "diamondbackenergy.com"
  },
  "data": {
    "detail": "Diamondback reported a significant operating loss of $902 million for the quarter, primarily due to a non-cash impairment charge within its guarantor group. Such write-downs often signal that certain assets are not generating expected returns, which could prompt management to review asset performance, operational efficiency, and related technology platforms.",
    "metrics": {
      "timeframe": "current_quarter",
      "dollar_context": "Income (loss) from operations for Q1 2026",
      "dollar_millions": -902
    },
    "summary": "Company records $902M operating loss in Q1 2026 driven by a non-cash impairment charge.",
    "excerpts": "During the three months ended March 31, 2026, the Company recorded a noncash impairment that is reflected in the summarized results of the guarantor group.",
    "relevance": 0.7,
    "sentiment": "negative",
    "confidence": "high",
    "source_url": "https://www.sec.gov/Archives/edgar/data/1539838/000153983826000077/fang-20260331.htm",
    "filing_date": "2026-05-06",
    "filing_year": 2026,
    "fiscal_year": 0,
    "fiscal_year_end": "03/31",
    "sales_relevance": "Strategic review underway",
    "signal_category": "financial"
  }
}

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