Machine learning predictions based on historical earnings data and price patterns
1-Day Prediction
-0.84%
$197.09
0% positive prob.
5-Day Prediction
-3.67%
$191.45
0% positive prob.
20-Day Prediction
-0.89%
$196.97
0% positive prob.
| Quarter | Signal | 1D Return | 5D Return | 20D Return | Confidence | Actual 5D |
|---|---|---|---|---|---|---|
| Q2 2026 | SELL | -0.84% | -3.67% | -0.89% | 100.0% | Pending |
| Q2 2026 | SELL | -0.83% | -3.64% | -0.89% | 98.4% | +1.97% |
| Q4 2025 | SELL | -0.48% | -3.24% | -0.92% | 100.0% | +2.96% |
SEC 8-K filings with transcript text
Aug 3, 2026 · 98% conf.
1D
-0.83%
$190.01
Act: -0.47%
5D
-3.64%
$184.62
Act: +1.97%
20D
-0.89%
$189.90
2 diamondbackex991-8x3x26.htm
Document
Exhibit 99.1
DIAMONDBACK ENERGY, INC. ANNOUNCES SECOND QUARTER 2026 FINANCIAL AND OPERATING RESULTS
Midland, TX (August 3, 2026) - Diamondback Energy, Inc. (NASDAQ: FANG) (“Diamondback,” “we,” “our” or the “Company”) today announced financial and operating results for the second quarter ended June 30, 2026.
•Average oil production of 525 MBO/d
•Production of 1,018 MBOE/d, surpassing the 1.0 million barrels of oil equivalent per day milestone
•Net cash provided by operating activities of $3.6 billion; Operating Cash Flow Before Working Capital Changes1 of $3.3 billion
•Cash capital expenditures of $996 million
•Free Cash Flow1 and Adjusted Free Cash Flow1 of $2.3 billion
•Repurchased 756,385 shares of common stock for approximately $141 million
•Declared base cash dividend of $1.10 per share2
•Reduced total debt by ~$1.3 billion quarter over quarter to $12.8 billion and net debt1 by ~$1.6 billion quarter over quarter to $12.3 billion
•Increasing annual oil production guidance to 522+ (from 520+) MBO/d and total BOE production to 1,000+ (from 972+) MBOE/d with full year cash capital expenditures unchanged at ~$3.9 billion
•Q3 2026 oil production guidance of 517 - 527 MBO/d (995 - 1,015 MBOE/d)
•Q3 2026 cash capital expenditures guidance of $950 - $1,050 million
•Repurchased 547,716 shares of common stock in Q3 2026 (to date) for approximately $100 million
•In July, the Board of Directors (the “Board”) doubled the Company's share repurchase authorization to $16.0 billion from $8.0 billion previously. Approximately $9.9 billion remains available for future repurchases under the program
1 NON-GAAP DISCLOSURES - For a definition of Operating Cash Flow Before Working Capital Changes, Free Cash Flow, Adjusted Free Cash Flow, Adjusted Net Income, Adjusted EBITDA, Adjusted Net Income per Diluted Share, Net Debt and reconciliations of such non-GAAP financial metrics to their respective most directly comparable GAAP metrics, please see “Non-GAAP Financial Measures” below.
2 Implies a 2.2% annualized yield. Cash dividend payable on August 20, 2026; annualized yield based on July 31, 2026 closing share price of $202.95.
The following tables provide a summary of Diamondback’s key operational updates:
Wells Drilled and Completed:
Three Months Ended June 30, 2026
Six Months Ended June 30, 2026
Drilled Completed Drilled Completed
GrossNetGrossNetGrossNetGrossNet
Total97 89 168 157 215 200 315 294
Gross Wells Drilled and Completed By Zone:
Three Months Ended June 30, 2026
Six Months Ended June 30, 2026
Number of Wells DrilledNumber of Wells CompletedNumber of Wells DrilledNumber of Wells Completed
Midland Basin:
Upper Spraberry2 1 3 3
Middle Spraberry6 13 13 20
Jo Mill22 31 38 62
Lower Spraberry16 31 40 63
Dean1 5 2 11
Wolfcamp A20 38 46 69
Wolfcamp B16 41 45 71
Wolfcamp D7 7 18 15
Barnett7 1 10 1
Midland Basin Total 97 168 215 315
Average Completed Lateral Length (in feet) 11,983 11,679
Realized Average Prices:
Three Months Ended
June 30, 2026March 31, 2026June 30, 2025
Oil ($ per Bbl)$96.82 $73.47 $63.23
Natural gas ($ per Mcf)$(2.15)$0.18 $0.88
Natural gas liquids ($ per Bbl)$18.56 $16.68 $18.13
Combined ($ per BOE)$51.68 $43.40 $39.61
Oil, hedged ($ per Bbl)(1) $94.33 $72.53 $62.34
Natural gas, hedged ($ per Mcf)(1) $(0.34)$1.90 $1.45
Natural gas liquids, hedged ($ per Bbl)(1) $18.56 $16.68 $18.13
Average price, hedged ($ per BOE)(1) $52.90 $45.21 $39.89
(1)Hedged prices reflect the effect of our commodity derivative transactions on our average sales prices and include gains and losses on cash settlements for matured commodity derivatives, which we do not designate for hedge accounting. Hedged prices exclude gains or losses resulting from the early settlement of commodity derivative contracts.
Average Cash Costs per BOE:
Three Months Ended
June 30, 2026March 31, 2026June 30, 2025
Lease operating expenses$5.96 $6.21 $5.26
Production and ad valorem taxes3.26 3.04 2.56
Gathering, processing and transportation expense1.22 1.36 1.73
General and administrative - cash component0.52 0.65 0.55
Total operating expense - cash$10.96 $11.26 $10.10
Earnings Attributable to Diamondback Energy, Inc.:
Three Months Ended June 30, 2026
(in millions, except per share amounts)
Net income (loss) attributable to Diamondback Energy, Inc.$1,882
Earnings (loss) per common share attributable to Diamondback Energy, Inc. - Diluted(1) $6.65
Adjusted net income(1) $1,833
Adjusted net income per common share - Diluted(1)
$6.48
(1)The Company’s earnings (loss) per diluted share amount has been computed using the two-class method in accordance with GAAP. The two-class method is an earnings allocation which reflects the respective ownership among holders of common stock and participating secu
Jul 13, 2026 · 98% conf.
1D
-0.83%
$190.01
Act: -0.47%
5D
-3.64%
$184.62
Act: +1.97%
20D
-0.89%
$189.90
fang-20260713
false000153983800015398382026-07-132026-07-13
Washington, D.C. 20549
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of report (Date of earliest event reported): July 13, 2026
(Exact Name of Registrant as Specified in Charter)
DE
001-35700
45-4502447
(State or other jurisdiction of incorporation)
(Commission File Number)
(I.R.S. Employer Identification No.)
500 West Texas Ave.
Suite 100
Midland, TX 79701
(Address of principal executive offices) (Zip Code)
(432) 221-7400
(Registrant's telephone number, including area code)
Not Applicable
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Securities Exchange Act of 1934:
Title of each classTrading Symbol(s)Name of each exchange on which registered
Common Stock, par value $0.01 per share FANGThe Nasdaq Stock Market LLC
(NASDAQ Global Select Market)
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 2.02. Results of Operations and Financial Condition.
Diamondback Energy, Inc. (“Diamondback”) presents in this Item 2.02 certain information for the quarter ended June 30, 2026 regarding its realized prices, derivative activity and weighted average basic and diluted shares outstanding.
Realized Prices
Second quarter 2026 average unhedged realized prices were $96.82 per barrel of oil, $(2.15) per Mcf of natural gas and $18.56 per barrel of natural gas liquids (“NGLs”).
Second quarter 2026 average realized hedged prices were $94.33 per barrel of oil, $(0.34) per Mcf of natural gas and $18.56 per barrel of NGLs.
Average Prices:
Oil ($ per Bbl)$96.82
Natural gas ($ per Mcf)$(2.15)
Natural gas liquids ($ per Bbl)$18.56
Oil, hedged ($ per Bbl)(1) $94.33
Natural gas, hedged ($ per Mcf)(1) $(0.34)
Natural gas liquids, hedged ($ per Bbl)(1) $18.56
(1)Hedged prices reflect the effect of our commodity derivative transactions on our average sales prices and include gains and losses on cash settlements for matured commodity derivatives, which we do not designate for hedge accounting. Hedged prices exclude gains or losses resulting from the early settlement of commodity derivative contracts.
Derivative Activity
For the second quarter of 2026, Diamondback anticipates a net gain on cash settlements for derivative instruments of $113 million and a net non-cash loss on derivative instruments of $64 million as detailed in the table below (in millions):
Gain (loss) on derivative instruments, net:
Commodity contracts(1) $49
Net cash received (paid) on settlements:
Commodity contracts(1) $113
(1)Includes cash received on commodity contracts terminated prior to their contractual maturity of $1 million.
Weighted Average Basic and Diluted Shares Outstanding
For the second quarter of 2026, basic and diluted weighted average shares outstanding are as follows (in thousands):
Basic weighted average shares outstanding281,202
Diluted weighted average shares outstanding281,202
This news release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act, which involve risks, uncertainties, and assumptions. All statements, other than statements of historical fact, including statements regarding Diamondback’s: future performance; business strategy; future operations (including drilling plans and capital plans); estimates and projections of revenues, losses, costs, expenses, returns, cash flow, and financial position; reserve estimates and its ability to replace or increase reserves; anticipated benefits or other effects of strategic transactions (including the Sitio acquisition completed by Diamondback's subsidiary, Viper Energy, Inc. and other acquisitions, divestitures or reorganizations); and plans and obj
May 4, 2026
2 diamondbackex991-5x4x26.htm
Document
Exhibit 99.1
DIAMONDBACK ENERGY, INC. ANNOUNCES FIRST QUARTER 2026 FINANCIAL AND OPERATING RESULTS; INCREASES BASE DIVIDEND AND PRODUCTION GUIDANCE
Midland, TX (May 4, 2026) - Diamondback Energy, Inc. (NASDAQ: FANG) (“Diamondback,” “we,” “our” or the “Company”) today announced financial and operating results for the first quarter ended March 31, 2026.
•Average oil production of 521.0 MBO/d (979.4 MBOE/d)
•Net cash provided by operating activities of $1.8 billion; Operating Cash Flow Before Working Capital Changes1 of $2.6 billion
•Cash capital expenditures of $933 million
•Free Cash Flow1 of $1.7 billion; Adjusted Free Cash Flow1 of $1.7 billion
•Repurchased 3.3 million shares of common stock for approximately $548 million
•Raised Q1 2026 base cash dividend to $1.10 per share; marks a 10% year-over-year increase and an implied 2.1% annualized yield2
•Total return of capital of $859 million from stock repurchases and the declared Q1 2026 base dividend; represents ~50% of Adjusted Free Cash Flow
•Increasing annual oil production guidance to 520+ (from 500 - 510) MBO/d and total BOE production to 972+ (from 926 - 962) MBOE/d; implying ~5% organic year-over-year growth
•Raising full year cash capital expenditures to ~$3.90 billion (from ~$3.75 billion)
•Q2 2026 oil production guidance of 515 - 525 MBO/d (950 - 990 MBOE/d)
•Q2 2026 cash capital expenditures guidance of $925 - $1,025 million
1 NON-GAAP DISCLOSURES - For a definition of Operating Cash Flow Before Working Capital Changes, Free Cash Flow, Adjusted Free Cash Flow, Adjusted Net Income, Adjusted EBITDA, Adjusted Net Income per Diluted Share, Net Debt and reconciliations of such non-GAAP financial metrics to their respective most directly comparable GAAP metrics, please see “Non-GAAP Financial Measures” below.
2 Cash dividend payable on May 21, 2026; annualized yield based on May 1, 2026 closing share price of $207.65
•Successfully completed a cash-funded tender offer, retiring approximately $777 million in principal of 2051 and 2052 Senior Notes for approximately $632 million including accrued interest (81.1% of par value)
•Fully repaid the remaining $550 million outstanding on the Company's $1.5 billion term loan due 2027; pro forma gross debt of $12.7 billion at the end of April 2026
The following tables provide a summary of Diamondback’s key operational updates:
Wells Drilled and Completed:
Three Months Ended March 31, 2026
Drilled Completed
Area:GrossNetGrossNet
Midland Basin118 111 147 137
Total118 111 147 137
Gross Wells Drilled and Completed By Zone:
Three Months Ended March 31, 2026
Number of Wells DrilledNumber of Wells Completed
Midland Basin:
Upper Spraberry1 2
Middle Spraberry7 7
Jo Mill16 31
Lower Spraberry24 32
Dean1 6
Wolfcamp A26 31
Wolfcamp B29 30
Wolfcamp D11 8
Barnett3 —
Midland Basin Total 118 147
Average Completed Lateral Length (in feet) 11,332
Realized Average Prices:
Three Months Ended
March 31, 2026December 31, 2025March 31, 2025
Oil ($ per Bbl)$73.47 $58.00 $70.95
Natural gas ($ per Mcf)$0.18 $0.03 $2.11
Natural gas liquids ($ per Bbl)$16.68 $13.51 $23.94
Combined ($ per BOE)$43.40 $34.02 $47.77
Oil, hedged ($ per Bbl)(1) $72.53 $57.07 $70.06
Natural gas, hedged ($ per Mcf)(1) $1.90 $1.03 $3.34
Natural gas liquids, hedged ($ per Bbl)(1) $16.68 $13.51 $23.94
Average price, hedged ($ per BOE)(1) $45.21 $34.88 $48.89
(1)Hedged prices reflect the effect of our commodity derivative transactions on our average sales prices and include gains and losses on cash settlements for matured commodity derivatives, which we do not designate for hedge accounting. Hedged prices exclude gains or losses resulting from the early settlement of commodity derivative contracts.
Average Cash Costs per BOE:
Three Months Ended
March 31, 2026December 31, 2025March 31, 2025
Lease operating expenses$6.21 $5.91 $5.33
Production and ad valorem taxes3.04 2.21 2.98
Gathering, processing and transportation expense1.36 1.54 1.45
General and administrative - cash component0.65 0.65 0.72
Total operating expense - cash$11.26 $10.31 $10.48
Earnings Attributable to Diamondback Energy, Inc.:
Three Months Ended March 31, 2026
(in millions, except per share amounts)
Net income (loss) attributable to Diamondback Energy, Inc.$25
Earnings (loss) per common share attributable to Diamondback Energy, Inc. - Diluted(1) $0.08
Adjusted net income(1) $1,198
Adjusted net income per common share - Diluted(1)
$4.23
(1)The Company’s earnings (loss) per diluted share amount has been computed using the two-class method in accordance with GAAP. The two-class method is an earnings allocation which reflects the respective ownership among holders of common stock and participating securities. Diluted earnings per share using the t
Apr 13, 2026
fang-20260413
false000153983800015398382026-04-132026-04-13
Washington, D.C. 20549
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of report (Date of earliest event reported): April 13, 2026
(Exact Name of Registrant as Specified in Charter)
DE
001-35700
45-4502447
(State or other jurisdiction of incorporation)
(Commission File Number)
(I.R.S. Employer Identification No.)
500 West Texas Ave.
Suite 100
Midland, TX 79701
(Address of principal executive offices) (Zip Code)
(432) 221-7400
(Registrant's telephone number, including area code)
Not Applicable
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Securities Exchange Act of 1934:
Title of each classTrading Symbol(s)Name of each exchange on which registered
Common Stock, par value $0.01 per share FANGThe Nasdaq Stock Market LLC
(NASDAQ Global Select Market)
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 2.02. Results of Operations and Financial Condition.
Diamondback Energy, Inc. (“Diamondback”) presents in this Item 2.02 certain information for the quarter ended March 31, 2026 regarding its realized prices, derivative activity and weighted average basic and diluted shares outstanding.
Realized Prices
First quarter 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 (“NGLs”).
First quarter 2026 average realized hedged prices were $72.53 per barrel of oil, $1.90 per Mcf of natural gas and $16.68 per barrel of NGLs.
Average Prices:
Oil ($ per Bbl)$73.47
Natural gas ($ per Mcf)$0.18
Natural gas liquids ($ per Bbl)$16.68
Oil, hedged ($ per Bbl)(1) $72.53
Natural gas, hedged ($ per Mcf)(1) $1.90
Natural gas liquids, hedged ($ per Bbl)(1) $16.68
(1)Hedged prices reflect the effect of our commodity derivative transactions on our average sales prices and include gains and losses on cash settlements for matured commodity derivatives, which we do not designate for hedge accounting. Hedged prices exclude gains or losses resulting from the early settlement of commodity derivative contracts.
Derivative Activity
For the first quarter of 2026, Diamondback 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 as detailed in the table below (in millions):
Gain (loss) on derivative instruments, net:
Commodity contracts$117
Net cash received (paid) on settlements:
Commodity contracts$160
Interest rate swaps(1) (27)
Total$133
(1)Includes a $27 million realized loss recognized upon termination of the remaining aggregate $300 million notional amount of interest rate swaps.
Weighted Average Basic and Diluted Shares Outstanding
For the first quarter of 2026, basic and diluted weighted average shares outstanding are as follows (in thousands):
Basic weighted average shares outstanding282,792
Diluted weighted average shares outstanding282,792
This news release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act, which involve risks, uncertainties, and assumptions. All statements, other than statements of historical fact, including statements regarding Diamondback’s: future performance; business strategy; future operations (including drilling plans and capital plans); estimates and projections of revenues, losses, costs, expenses, returns, cash flow, and financial position; reserve estimates and its ability to replace or increase reserves; anticipated benefits or other effects of strategic transactions (including the Double Eagle acquisition and the Sitio acquisition recently completed by Diamondback's subs
Feb 23, 2026 · 100% conf.
1D
-0.48%
$172.98
Act: -0.75%
5D
-3.24%
$168.18
Act: +2.96%
20D
-0.92%
$172.22
fang-20260223false000153983800015398382026-02-232026-02-23
Washington, D.C. 20549
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) February 23, 2026
(Exact name of registrant as specified in its charter)
DE 001-35700 45-4502447
(State or other jurisdiction of incorporation) (Commission File Number) (IRS Employer Identification Number)
500 West Texas Ave.,
Suite 100 Midland, TX 79701 (Address of principal executive offices)(Zip Code)
(432) 221-7400 Registrant's telephone number, including area code
Not Applicable (Former name or former address, if changed since last report.)
Check the appropriate box below if the Form 8-K is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each classTrading Symbol(s)Name of each exchange on which registered Common Stock, $0.01 Par Value FANGThe Nasdaq Stock Market LLC (NASDAQ Global Select Market)
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 2.02. Results of Operations and Financial Condition.
On February 23, 2026, Diamondback Energy, Inc. (the “Company”) issued a press release announcing financial and operating results for the fourth quarter and full year ended December 31, 2025, including the fourth quarter 2025 base cash dividend and an increase in the annual base dividend (the “earnings release”). A copy of the earnings release is furnished to the Securities and Exchange Commission (the “SEC”) as Exhibit 99.1 to this Current Report on Form 8-K. The Company also issued a letter to its stockholders as a supplement to the earnings release, which is furnished to the SEC as Exhibit 99.2 to this Current Report on Form 8-K.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
Exhibit NumberDescription 99.1Press release, dated February 23, 2026, entitled “Diamondback Energy, Inc. Announces Fourth Quarter and Full Year 2025 Financial and Operating Results; Increases Base Dividend.”
99.2Letter to Stockholders, dated February 23, 2026, issued by the Company.
104Cover Page Interactive Data File (formatted as Inline XBRL).
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
Date:February 23, 2026 By:/s/ Teresa L. Dick Name:Teresa L. Dick Title:Executive Vice President, Chief Accounting Officer and Assistant Secretary
Jan 12, 2026 · 100% conf.
1D
-0.48%
$172.98
Act: -0.75%
5D
-3.24%
$168.18
Act: +2.96%
20D
-0.92%
$172.22
fang-20260112false000153983800015398382026-01-122026-01-12
Washington, D.C. 20549
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of report (Date of earliest event reported): January 12, 2026
(Exact Name of Registrant as Specified in Charter)
DE 001-35700 45-4502447
(State or other jurisdiction of incorporation) (Commission File Number) (I.R.S. Employer Identification Number)
500 West Texas Ave. Suite 100 Midland, TX 79701 (Address of principal executive offices)(Zip Code)
(432) 221-7400 (Registrant's telephone number, including area code)
Not Applicable (Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Securities Exchange Act of 1934:
Title of each classTrading Symbol(s)Name of each exchange on which registered Common StockFANGThe Nasdaq Stock Market LLC (NASDAQ Global Select Market)
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 2.02. Results of Operations and Financial Condition.
Diamondback Energy, Inc. (“Diamondback”) presents in this Item 2.02 certain information for the quarter ended December 31, 2025 regarding its realized prices, derivative activity and weighted average basic and diluted shares outstanding.
Realized Prices
Fourth quarter 2025 average unhedged realized prices were $58.00 per barrel of oil, $0.03 per Mcf of natural gas and $13.51 per barrel of natural gas liquids (“NGLs”).
Fourth quarter 2025 average realized hedged prices were $57.07 per barrel of oil, $1.03 per Mcf of natural gas and $13.51 per barrel of NGLs.
Average Prices: Oil ($ per Bbl)$58.00 Natural gas ($ per Mcf)$0.03 Natural gas liquids ($ per Bbl)$13.51
Oil, hedged ($ per Bbl)(1) $57.07 Natural gas, hedged ($ per Mcf)(1) $1.03 Natural gas liquids, hedged ($ per Bbl)(1) $13.51
(1)Hedged prices reflect the effect of our commodity derivative transactions on our average sales prices and include gains and losses on cash settlements for matured commodity derivatives, which we do not designate for hedge accounting. Hedged prices exclude gains or losses resulting from the early settlement of commodity derivative contracts.
Derivative Activity
For the fourth quarter of 2025, Diamondback anticipates a net gain on cash settlements for derivative instruments of $73 million and a net non-cash gain on derivative instruments of $119 million as detailed in the table below (in millions):
Gain (loss) on derivative instruments, net: Commodity contracts$185
2026 WTI Contingent Liability7
Total$192
Net cash received (paid) on settlements: Commodity contracts$78 Interest rate swaps (5)
Total$73
Weighted Average Basic and Diluted Shares Outstanding
For the fourth quarter of 2025, basic and diluted weighted average shares outstanding are as follows (in thousands):
Basic weighted average shares outstanding285,789 Diluted weighted average shares outstanding285,789
This news release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act, which involve risks, uncertainties, and assumptions. All statements, other than statements of historical fact, including statements regarding Diamondback’s: future performance; business strategy; future operations (including drilling plans and capital plans); estimates and projections of revenues, losses, costs, expenses, returns, cash flow, and financial position; reserve estimates and its ability to replace or increase reserves; anticipated benefits or other effects of strategic transactions (including the Endeavor merger, the Double Eagle acquisition, the 2025 drop down and the Sitio acquisition recently completed by Diamondback's subsidiary, Viper Energy, Inc. and other acquisitions, divestitures or reorganizations); and plans and objectives of man
Nov 3, 2025
fang-20251103false000153983800015398382025-11-032025-11-03
Washington, D.C. 20549
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) November 3, 2025
(Exact name of registrant as specified in its charter)
DE 001-35700 45-4502447
(State or other jurisdiction of incorporation) (Commission File Number) (IRS Employer Identification Number)
500 West Texas Ave.,
Suite 100 Midland, TX 79701 (Address of principal executive offices)(Zip Code)
(432) 221-7400 Registrant's telephone number, including area code
Not Applicable (Former name or former address, if changed since last report.)
Check the appropriate box below if the Form 8-K is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each classTrading Symbol(s)Name of each exchange on which registered Common Stock, $0.01 Par Value FANGThe Nasdaq Stock Market LLC (NASDAQ Global Select Market)
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 2.02. Results of Operations and Financial Condition.
On November 3, 2025, Diamondback Energy, Inc. (the “Company”) issued a press release announcing financial and operating results for the third quarter ended September 30, 2025, including the third quarter 2025 base cash dividend (the “earnings release”). A copy of the earnings release is furnished to the Securities and Exchange Commission (the “SEC”) as Exhibit 99.1 to this Current Report on Form 8-K. The Company also issued a letter to its stockholders as a supplement to the earnings release, which is furnished to the SEC as Exhibit 99.2 to this Current Report on Form 8-K.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
Exhibit NumberDescription 99.1Press release, dated November 3, 2025, entitled “Diamondback Energy, Inc. Announces Third Quarter 2025 Financial and Operating Results.”
99.2Letter to Stockholders, dated November 3, 2025, issued by the Company.
104Cover Page Interactive Data File (formatted as Inline XBRL).
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
Date:November 3, 2025 By:/s/ Teresa L. Dick Name:Teresa L. Dick Title:Executive Vice President, Chief Accounting Officer and Assistant Secretary
Oct 9, 2025
fang-20251009false000153983800015398382025-10-092025-10-09
Washington, D.C. 20549
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of report (Date of earliest event reported): October 9, 2025
(Exact Name of Registrant as Specified in Charter)
DE 001-35700 45-4502447
(State or other jurisdiction of incorporation) (Commission File Number) (I.R.S. Employer Identification Number)
500 West Texas Ave. Suite 100 Midland, TX 79701 (Address of principal executive offices)(Zip Code)
(432) 221-7400 (Registrant's telephone number, including area code)
Not Applicable (Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Securities Exchange Act of 1934:
Title of each classTrading Symbol(s)Name of each exchange on which registered Common StockFANGThe Nasdaq Stock Market LLC (NASDAQ Global Select Market)
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 2.02. Results of Operations and Financial Condition.
Diamondback Energy, Inc. (“Diamondback”) presents in this Item 2.02 certain information for the quarter ended September 30, 2025 regarding its derivative activity, realized prices, and weighted average basic and diluted shares outstanding.
Realized Prices
Third quarter 2025 average unhedged realized prices were $64.60 per barrel of oil, $0.75 per Mcf of natural gas and $17.28 per barrel of natural gas liquids (“NGLs”).
Third quarter 2025 average realized hedged prices were $63.70 per barrel of oil, $1.75 per Mcf of natural gas and $17.28 per barrel of NGLs.
Average Prices: Oil ($ per Bbl)$64.60 Natural gas ($ per Mcf)$0.75 Natural gas liquids ($ per Bbl)$17.28
Oil, hedged ($ per Bbl)(1) $63.70 Natural gas, hedged ($ per Mcf)(1) $1.75 Natural gas liquids, hedged ($ per Bbl)(1) $17.28
(1)Hedged prices reflect the effect of our commodity derivative transactions on our average sales prices and include gains and losses on cash settlements for matured commodity derivatives, which we do not designate for hedge accounting. Hedged prices exclude gains or losses resulting from the early settlement of commodity derivative contracts.
Derivative Activity
For the third quarter of 2025, Diamondback anticipates a net gain on cash settlements for derivative instruments of $60 million and a net non-cash gain on derivative instruments of $60 million as detailed in the table below (in millions):
Gain (loss) on derivative instruments, net: Commodity contracts$115
2026 WTI Contingent Liability2 Treasury locks(1) 3 Total$120
Net cash received (paid) on settlements: Commodity contracts$72 Interest rate swaps(2) (15) Treasury locks(1) 3 Total$60
(1)Gain on a 5 year treasury lock and two 10 year treasury locks executed prior to, and fully settled upon, pricing of Viper Energy Partners LLC's senior notes issued in July 2025. (2)Includes a $15 million realized loss on the early termination of an aggregate $150 million of the previously outstanding $450 million notional amount of interest rate swaps. Diamondback plans to exclude the partial hedge termination from its third quarter return of capital calculation.
Weighted Average Basic and Diluted Shares Outstanding
For the third quarter of 2025, basic and diluted weighted average shares outstanding are as follows (in thousands):
Basic weighted average shares outstanding288,826 Diluted weighted average shares outstanding288,826
This news release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act, which involve risks, uncertainties, and assumptions. All statements, other than statements of historical fact, including statements regarding Diamondback’s: future performance; business strategy; future operations (including drilling plans and capital
Aug 4, 2025
fang-20250804false000153983800015398382025-08-042025-08-04
Washington, D.C. 20549
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of report (Date of earliest event reported): August 4, 2025
(Exact Name of Registrant as Specified in Charter)
DE 001-35700 45-4502447
(State or other jurisdiction of incorporation) (Commission File Number) (I.R.S. Employer Identification Number)
500 West Texas Ave.,
Suite 100 Midland, TX 79701 (Address of principal executive offices)(Zip code)
(432) 221-7400 (Registrant's telephone number, including area code)
Not Applicable (Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K is intended to simultaneously satisfy the filing obligation of the Registrant under any of the following provisions:
☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Securities Exchange Act of 1934:
Title of each classTrading Symbol(s)Name of each exchange on which registered Common Stock, $0.01 Par Value FANGThe Nasdaq Stock Market LLC (NASDAQ Global Select Market)
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 2.02. Results of Operations and Financial Condition.
On August 4, 2025, Diamondback Energy, Inc. (the “Company”) issued a press release announcing financial and operating results for the second quarter ended June 30, 2025, including the second quarter 2025 base cash dividend (the “earnings release”). A copy of the earnings release is furnished to the Securities and Exchange Commission (the “SEC”) as Exhibit 99.1 to this Current Report on Form 8-K. The Company also issued a letter to its stockholders as a supplement to the earnings release, which is furnished to the SEC as Exhibit 99.2 to this Current Report on Form 8-K.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
Exhibit NumberDescription 99.1Press release, dated August 4, 2025, entitled “Diamondback Energy, Inc. Announces Second Quarter 2025 Financial and Operating Results.”
99.2Letter to Stockholders, dated August 4, 2025, issued by the Company.
104Cover Page Interactive Data File (formatted as Inline XBRL).
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
Date:August 4, 2025 By:/s/ Teresa L. Dick Name:Teresa L. Dick Title:Executive Vice President, Chief Accounting Officer and Assistant Secretary
Jul 10, 2025
fang-20250710false000153983800015398382025-07-102025-07-10
Washington, D.C. 20549
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of report (Date of earliest event reported): July 10, 2025
(Exact Name of Registrant as Specified in Charter)
DE 001-35700 45-4502447
(State or other jurisdiction of incorporation) (Commission File Number) (I.R.S. Employer Identification Number)
500 West Texas Ave. Suite 100 Midland, TX 79701 (Address of principal executive offices)(Zip code)
(432) 221-7400 (Registrant's telephone number, including area code)
Not Applicable (Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K is intended to simultaneously satisfy the filing obligation of the Registrant under any of the following provisions:
☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Securities Exchange Act of 1934:
Title of each classTrading Symbol(s)Name of each exchange on which registered Common StockFANGThe Nasdaq Stock Market LLC (NASDAQ Global Select Market)
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 2.02. Results of Operations and Financial Condition.
Diamondback Energy, Inc. (“Diamondback”) presents in this Item 2.02 certain information for the quarter ended June 30, 2025 regarding its derivative activity, realized prices, and weighted average basic and diluted shares outstanding.
Realized Prices
Second quarter 2025 average unhedged realized prices were $63.23 per barrel of oil, $0.88 per Mcf of natural gas and $18.13 per barrel of natural gas liquids (“NGLs”).
Second quarter 2025 average realized hedged prices were $62.34 per barrel of oil, $1.45 per Mcf of natural gas and $18.13 per barrel of NGLs.
Average Prices: Oil ($ per Bbl)$63.23 Natural gas ($ per Mcf)$0.88 Natural gas liquids ($ per Bbl)$18.13
Oil, hedged ($ per Bbl)(1) $62.34 Natural gas, hedged ($ per Mcf)(1) $1.45 Natural gas liquids, hedged ($ per Bbl)(1) $18.13
(1)Hedged prices reflect the effect of our commodity derivative transactions on our average sales prices and include gains and losses on cash settlements for matured commodity derivatives, which we do not designate for hedge accounting. Hedged prices exclude gains or losses resulting from the early settlement of commodity derivative contracts.
Derivative Activity
For the second quarter of 2025, Diamondback anticipates a net loss on cash settlements for derivative instruments of $37 million and a net non-cash loss on derivative instruments of $160 million as detailed in the table below (in millions):
Gain (loss) on derivative instruments, net: Commodity contracts$(203) Interest rate swaps(1) 7 2026 WTI Contingent Liability(1)
Total$(197)
Net cash received (paid) on settlements: Commodity contracts$23 Interest rate swaps(1) (60)
Total$(37)
(1)Includes a $52 million realized loss on the early termination of an aggregate $450 million of the previously outstanding $900 million notional amount of interest rate swaps. Diamondback plans to exclude the partial hedge termination from its second quarter return of capital calculation.
Weighted Average Basic and Diluted Shares Outstanding
For the second quarter of 2025, basic and diluted weighted average shares outstanding are as follows (in thousands):
Basic weighted average shares outstanding292,135 Diluted weighted average shares outstanding292,135
This news release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act, which involve risks, uncertainties, and assumptions. All statements, other than statements of historical fact, including statements regarding Diamondback’s: future performance; business strategy; future operations (including drilling plans and capital plans); estimates and projections of revenues, losses, costs, expenses, returns, cash flow, and financial position; reserve estimates and its ability to replace or increase reserves; antic
May 5, 2025
fang-20250505false000153983800015398382025-05-052025-05-05
Washington, D.C. 20549
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of report (Date of earliest event reported): May 5, 2025
(Exact Name of Registrant as Specified in Charter)
DE 001-35700 45-4502447
(State or other jurisdiction of incorporation) (Commission File Number) (I.R.S. Employer Identification Number)
500 West Texas Ave.,
Suite 100 Midland, TX 79701 (Address of principal executive offices)(Zip code)
(432) 221-7400 (Registrant's telephone number, including area code)
Not Applicable (Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K is intended to simultaneously satisfy the filing obligation of the Registrant under any of the following provisions:
☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Securities Exchange Act of 1934:
Title of each classTrading Symbol(s)Name of each exchange on which registered Common Stock, $0.01 Par Value FANGThe Nasdaq Stock Market LLC (NASDAQ Global Select Market)
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 2.02. Results of Operations and Financial Condition.
On May 5, 2025, Diamondback Energy, Inc. (the “Company”) issued a press release announcing financial and operating results for the first quarter ended March 31, 2025, including the first quarter 2025 base cash dividend (the “earnings release”). A copy of the earnings release is furnished to the Securities and Exchange Commission (the “SEC”) as Exhibit 99.1 to this Current Report on Form 8-K. The Company also issued a letter to its stockholders as a supplement to the earnings release, which is furnished to the SEC as Exhibit 99.2 to this Current Report on Form 8-K.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
Exhibit NumberDescription 99.1Press release, dated May 5, 2025, entitled “Diamondback Energy, Inc. Announces First Quarter 2025 Financial and Operating Results.”
99.2Letter to Stockholders, dated May 5, 2025, issued by the Company.
104Cover Page Interactive Data File (formatted as Inline XBRL).
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
Date:May 5, 2025 By:/s/ Teresa L. Dick Name:Teresa L. Dick Title:Executive Vice President, Chief Accounting Officer and Assistant Secretary
Apr 16, 2025
fang-20250416false000153983800015398382025-04-162025-04-16
Washington, D.C. 20549
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of report (Date of earliest event reported): April 16, 2025
(Exact Name of Registrant as Specified in Charter)
DE 001-35700 45-4502447
(State or other jurisdiction of incorporation) (Commission File Number) (I.R.S. Employer Identification Number)
500 West Texas Ave. Suite 100 Midland, TX 79701 (Address of principal executive offices)(Zip code)
(432) 221-7400 (Registrant's telephone number, including area code)
Not Applicable (Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K is intended to simultaneously satisfy the filing obligation of the Registrant under any of the following provisions:
☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Securities Exchange Act of 1934:
Title of each classTrading Symbol(s)Name of each exchange on which registered Common StockFANGThe Nasdaq Stock Market LLC (NASDAQ Global Select Market)
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 2.02. Results of Operations and Financial Condition.
On April 16, 2025, Diamondback Energy, Inc. issued a press release providing an operational update for the first quarter ended March 31, 2025. A copy of the press release is furnished to the Securities and Exchange Commission as Exhibit 99.1 to this Current Report on Form 8-K.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
Exhibit NumberDescription 99.1Press release, dated April 16, 2025, entitled “Diamondback Energy, Inc. Provides Operational Update For The First Quarter of 2025.”
104Cover Page Interactive Data File (formatted as Inline XBRL).
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
Date:April 16, 2025 By:/s/ Teresa L. Dick Name:Teresa L. Dick Title:Executive Vice President, Chief Accounting Officer and Assistant Secretary
Feb 24, 2025
fang-20250224false000153983800015398382025-02-242025-02-24
Washington, D.C. 20549
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of report (Date of earliest event reported): February 24, 2025
(Exact Name of Registrant as Specified in Charter)
DE 001-35700 45-4502447
(State or other jurisdiction of incorporation) (Commission File Number) (I.R.S. Employer Identification Number)
500 West Texas Ave. Suite 100 Midland, TX 79701 (Address of principal executive offices)(Zip code)
(432) 221-7400 (Registrant's telephone number, including area code)
Not Applicable (Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K is intended to simultaneously satisfy the filing obligation of the Registrant under any of the following provisions:
☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Securities Exchange Act of 1934:
Title of each classTrading Symbol(s)Name of each exchange on which registered Common Stock, $0.01 Par Value FANGThe Nasdaq Stock Market LLC (NASDAQ Global Select Market)
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 2.02. Results of Operations and Financial Condition.
On February 24, 2025, Diamondback Energy, Inc. (the “Company”) issued a press release announcing financial and operating results for the fourth quarter and full year ended December 31, 2024, including the fourth quarter 2024 base cash dividend and an increase in the annual base dividend (the “earnings release”). A copy of the earnings release is furnished to the Securities and Exchange Commission (the “SEC”) as Exhibit 99.1 to this Current Report on Form 8-K. The Company also issued a letter to its stockholders as a supplement to the earnings release, which is furnished to the SEC as Exhibit 99.2 to this Current Report on Form 8-K.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
Exhibit NumberDescription 99.1Press release, dated February 24, 2025, entitled “Diamondback Energy, Inc. Announces Fourth Quarter and Full Year 2024 Financial and Operating Results; Increases Base Dividend.”
99.2Letter to Stockholders, dated February 24, 2025, issued by the Company.
104Cover Page Interactive Data File (formatted as Inline XBRL).
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
Date:February 24, 2025 By:/s/ Teresa L. Dick Name:Teresa L. Dick Title:Executive Vice President, Chief Accounting Officer and Assistant Secretary
Jan 13, 2025
fang-20250113false000153983800015398382025-01-132025-01-13
Washington, D.C. 20549
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of report (Date of earliest event reported): January 13, 2025
(Exact Name of Registrant as Specified in Charter)
DE 001-35700 45-4502447
(State or other jurisdiction of incorporation) (Commission File Number) (I.R.S. Employer Identification Number)
500 West Texas Ave. Suite 100 Midland, TX 79701 (Address of principal executive offices)(Zip code)
(432) 221-7400 (Registrant's telephone number, including area code)
Not Applicable (Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K is intended to simultaneously satisfy the filing obligation of the Registrant under any of the following provisions:
☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Securities Exchange Act of 1934:
Title of each classTrading Symbol(s)Name of each exchange on which registered Common StockFANGThe Nasdaq Stock Market LLC (NASDAQ Global Select Market)
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 2.02. Results of Operations and Financial Condition.
Diamondback Energy, Inc. (“Diamondback”) presents in this Item 2.02 certain information for the quarter ended December 31, 2024 regarding its derivative activity, realized prices, and weighted average basic and diluted shares outstanding.
Realized Prices
Fourth quarter 2024 average unhedged realized prices were $69.48 per barrel of oil, $0.48 per Mcf of natural gas and $19.27 per barrel of natural gas liquids (“NGLs”).
Fourth quarter 2024 average realized hedged prices were $68.72 per barrel of oil, $0.82 per Mcf of natural gas and $19.27 per barrel of NGLs.
Average Prices: Oil ($ per Bbl)$69.48 Natural gas ($ per Mcf)$0.48 Natural gas liquids ($ per Bbl)$19.27
Oil, hedged ($ per Bbl)(1) $68.72 Natural gas, hedged ($ per Mcf)(1) $0.82 Natural gas liquids, hedged ($ per Bbl)(1) $19.27
(1)Hedged prices reflect the effect of our commodity derivative transactions on our average sales prices and include gains and losses on cash settlements for matured commodity derivatives, which we do not designate for hedge accounting.
Derivative Activity
For the fourth quarter of 2024, Diamondback anticipates a net loss on cash settlements for derivative instruments of $15 million and a net non-cash gain on derivative instruments of $51 million as detailed in the table below (in millions):
Gain (loss) on derivative instruments, net: Commodity contracts$73 Interest rate swaps(34) 2026 WTI Contingent Liability(3) Total$36
Net cash received (paid) on settlements: Commodity contracts$4 Interest rate swaps(19)
Total$(15)
Weighted Average Basic and Diluted Shares Outstanding
For the fourth quarter of 2024, basic and diluted weighted average shares outstanding are as follows (in thousands):
Basic weighted average shares outstanding291,851 Diluted weighted average shares outstanding291,851
This report contains “forward-looking statements” within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act, which involve risks, uncertainties, and assumptions. All statements, other than statements of historical fact, including statements regarding Diamondback’s: future performance; business strategy; future operations (including drilling plans and capital plans); estimates and projections of revenues, losses, costs, expenses, returns, cash flow, and financial position; reserve estimates and its ability to replace or increase reserves; anticipated benefits of strategic transactions (including acquisitions and divestitures); and plans and objectives of management (including plans for future cash flow from operations and for executing environmental strategies) are forward-looking statements. When used in this report, the words “aim,” “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “forecast,” “future,” “guidance,” “intend,” “may,
Nov 4, 2024
fang-20241104false000153983800015398382024-11-042024-11-04
Washington, D.C. 20549
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of report (Date of earliest event reported): November 4, 2024
(Exact Name of Registrant as Specified in Charter)
DE 001-35700 45-4502447
(State or other jurisdiction of incorporation) (Commission File Number) (I.R.S. Employer Identification Number)
500 West Texas Ave. Suite 100 Midland, TX 79701 (Address of principal executive offices)(Zip code)
(432) 221-7400 (Registrant's telephone number, including area code)
Not Applicable (Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K is intended to simultaneously satisfy the filing obligation of the Registrant under any of the following provisions:
☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Securities Exchange Act of 1934:
Title of each classTrading Symbol(s)Name of each exchange on which registered Common Stock, $0.01 Par Value FANGThe Nasdaq Stock Market LLC (NASDAQ Global Select Market)
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 2.02. Results of Operations and Financial Condition.
On November 4, 2024, Diamondback Energy, Inc. (the “Company”) issued a press release announcing financial and operating results for the third quarter ended September 30, 2024 and announcing the third quarter 2024 base cash dividend (the “earnings release”). A copy of the earnings release is furnished to the Securities and Exchange Commission (the “SEC”) as Exhibit 99.1 to this Current Report on Form 8-K. The Company also issued a letter to its stockholders as a supplement to the earnings release, which is furnished to the SEC as Exhibit 99.2 to this Current Report on Form 8-K.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
Exhibit NumberDescription 99.1Press release, dated November 4, 2024, entitled “Diamondback Energy, Inc. Announces Third Quarter 2024 Financial and Operating Results.”
99.2Letter to Stockholders, dated November 4, 2024, issued by the Company.
104Cover Page Interactive Data File (formatted as Inline XBRL).
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
Date:November 4, 2024 By:/s/ Teresa L. Dick Name:Teresa L. Dick Title:Executive Vice President, Chief Accounting Officer and Assistant Secretary
Oct 10, 2024
fang-20241010false000153983800015398382024-10-102024-10-10
Washington, D.C. 20549
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of report (Date of earliest event reported): October 10, 2024
(Exact Name of Registrant as Specified in Charter)
DE 001-35700 45-4502447
(State or other jurisdiction of incorporation) (Commission File Number) (I.R.S. Employer Identification Number)
500 West Texas Ave. Suite 100 Midland, TX 79701 (Address of principal executive offices)(Zip code)
(432) 221-7400 (Registrant's telephone number, including area code)
Not Applicable (Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K is intended to simultaneously satisfy the filing obligation of the Registrant under any of the following provisions:
☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Securities Exchange Act of 1934:
Title of each classTrading Symbol(s)Name of each exchange on which registered Common StockFANGThe Nasdaq Stock Market LLC (NASDAQ Global Select Market)
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 2.02. Results of Operations and Financial Condition.
Diamondback Energy, Inc. (“Diamondback”) presents in this Item 2.02 certain information for the quarter ended September 30, 2024 regarding its derivative activity, realized prices, and weighted average basic and diluted shares outstanding.
Realized Prices
Third quarter 2024 average unhedged realized prices were $73.13 per barrel of oil, $(0.26) per Mcf of natural gas and $17.70 per barrel of natural gas liquids (“NGLs”).
Third quarter 2024 average realized hedged prices were $72.32 per barrel of oil, $0.60 per Mcf of natural gas and $17.70 per barrel of NGLs.
Average Prices: Oil ($ per Bbl)$73.13 Natural gas ($ per Mcf)$(0.26) Natural gas liquids ($ per Bbl)$17.70
Oil, hedged ($ per Bbl)(1) $72.32 Natural gas, hedged ($ per Mcf)(1) $0.60 Natural gas liquids, hedged ($ per Bbl)(1) $17.70
(1)Hedged prices reflect the effect of our commodity derivative transactions on our average sales prices and include gains and losses on cash settlements for matured commodity derivatives, which we do not designate for hedge accounting. Hedged prices exclude gains or losses resulting from the early settlement of commodity derivative contracts.
Derivative Activity
For the third quarter of 2024, Diamondback anticipates a net loss on cash settlements for derivative instruments of $4 million and a net non-cash gain on derivative instruments of $135 million as detailed in the table below (in millions):
Gain (loss) on derivative instruments, net: Commodity contracts$99 Interest rate swaps(1) 32
Total$131
Net cash received (paid) on settlements: Commodity contracts$33 Interest rate swaps(1) (37)
Total$(4)
(1)Includes a $37 million loss on the early termination of $300 million of the $1.2 billion outstanding notional amount of interest rate swaps. Diamondback plans to exclude the partial hedge termination from its third quarter return of capital calculation.
Weighted Average Basic and Diluted Shares Outstanding
For the third quarter of 2024, basic and diluted weighted average shares outstanding are as follows (in thousands):
Basic weighted average shares outstanding204,730 Diluted weighted average shares outstanding204,730
This report contains “forward-looking statements” within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act, which involve risks, uncertainties, and assumptions. All statements, other than statements of historical fact, including statements regarding Diamondback’s: future performance; business strategy; future operations (including drilling plans and capital plans); estimates and projections of revenues, losses, costs, expenses, returns, cash flow, and financial position; reserve estimates and its ability to replace or increase reserves; anticipated benefits of strategic transactions (including acquisitions and d
Oct 1, 2024
fang-20241001false000153983800015398382024-10-012024-10-01
Washington, D.C. 20549
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of report (Date of earliest event reported): October 1, 2024
(Exact Name of Registrant as Specified in Charter)
DE 001-35700 45-4502447
(State or other jurisdiction of incorporation) (Commission File Number) (I.R.S. Employer Identification Number)
500 West Texas Ave. Suite 100 Midland,TX79701 (Address of principal executive offices)(Zip code)
(432) 221-7400 (Registrant's telephone number, including area code)
Not Applicable (Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K is intended to simultaneously satisfy the filing obligation of the Registrant under any of the following provisions:
☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Securities Exchange Act of 1934:
Title of each classTrading Symbol(s)Name of each exchange on which registered Common StockFANGThe Nasdaq Stock Market LLC (NASDAQ Global Select Market)
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 2.02. Results of Operations and Financial Condition.
On October 1, 2024, Diamondback Energy, Inc. (the “Company”) issued a press release announcing its revised production and capital guidance for the third quarter ended September 30, 2024. The revised guidance gives effect to the Company's previously reported merger with Endeavor Energy Resources, L.P. completed on September 10, 2024. A copy of the press release is furnished to the Securities and Exchange Commission as Exhibit 99.1 to this Current Report on Form 8-K.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
Exhibit NumberDescription 99.1Press release, dated October 1, 2024, entitled “Diamondback Energy, Inc. Announces Revised Third Quarter Production and Capital Guidance.”
104Cover Page Interactive Data File (formatted as Inline XBRL).
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
Date:10/1/2024 By:/s/ Teresa L. Dick Name:Teresa L. Dick Title:Executive Vice President, Chief Accounting Officer and Assistant Secretary
Aug 5, 2024
fang-20240805false000153983800015398382024-08-052024-08-05
Washington, D.C. 20549
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of report (Date of earliest event reported): August 5, 2024
(Exact Name of Registrant as Specified in Charter)
DE 001-35700 45-4502447
(State or other jurisdiction of incorporation) (Commission File Number) (I.R.S. Employer Identification Number)
500 West Texas Ave. Suite 100 Midland, TX 79701 (Address of principal executive offices)(Zip code)
(432) 221-7400 (Registrant's telephone number, including area code)
Not Applicable (Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K is intended to simultaneously satisfy the filing obligation of the Registrant under any of the following provisions:
☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Securities Exchange Act of 1934:
Title of each classTrading Symbol(s)Name of each exchange on which registered Common Stock, $0.01 Par Value FANGThe Nasdaq Stock Market LLC (NASDAQ Global Select Market)
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 2.02. Results of Operations and Financial Condition.
On August 5, 2024, Diamondback Energy, Inc. (the “Company”) issued a press release announcing financial and operating results for the second quarter ended June 30, 2024 and announcing the second quarter 2024 base and variable cash dividends (the “earnings release”). A copy of the earnings release is furnished to the Securities and Exchange Commission (the “SEC”) as Exhibit 99.1 to this Current Report on Form 8-K. The Company also issued a letter to its stockholders as a supplement to the earnings release, which is furnished to the SEC as Exhibit 99.2 to this Current Report on Form 8-K.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
Exhibit NumberDescription 99.1Press release, dated August 5, 2024, entitled “Diamondback Energy, Inc. Announces Second Quarter 2024 Financial and Operating Results.”
99.2Letter to Stockholders, dated August 5, 2024, issued by the Company.
104Cover Page Interactive Data File (formatted as Inline XBRL).
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
Date:August 5, 2024 By:/s/ Teresa L. Dick Name:Teresa L. Dick Title:Executive Vice President, Chief Accounting Officer and Assistant Secretary
Jul 11, 2024
fang-20240711false000153983800015398382024-07-112024-07-11
Washington, D.C. 20549
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of report (Date of earliest event reported): July 11, 2024
(Exact Name of Registrant as Specified in Charter)
DE 001-35700 45-4502447
(State or other jurisdiction of incorporation) (Commission File Number) (I.R.S. Employer Identification Number)
500 West Texas Ave. Suite 100 Midland, TX 79701 (Address of principal executive offices)(Zip code)
(432) 221-7400 (Registrant's telephone number, including area code)
Not Applicable (Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K is intended to simultaneously satisfy the filing obligation of the Registrant under any of the following provisions:
☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Securities Exchange Act of 1934:
Title of each classTrading Symbol(s)Name of each exchange on which registered Common StockFANGThe Nasdaq Stock Market LLC (NASDAQ Global Select Market)
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 2.02. Results of Operations and Financial Condition.
Diamondback Energy, Inc. (“Diamondback”) presents in this Item 2.02 certain information for the quarter ended June 30, 2024 regarding its derivative activity, realized prices, and weighted average basic and diluted shares outstanding.
Realized Prices
Second quarter 2024 average unhedged realized prices were $79.51 per barrel of oil, $0.10 per Mcf of natural gas and $17.97 per barrel of natural gas liquids (“NGLs”).
Second quarter 2024 average realized hedged prices were $78.55 per barrel of oil, $1.03 per Mcf of natural gas and $17.97 per barrel of NGLs.
Average Prices: Oil ($ per Bbl)$79.51 Natural gas ($ per Mcf)$0.10 Natural gas liquids ($ per Bbl)$17.97
Oil, hedged ($ per Bbl)(1) $78.55 Natural gas, hedged ($ per Mcf)(1) $1.03 Natural gas liquids, hedged ($ per Bbl)(1) $17.97
(1)Hedged prices reflect the effect of our commodity derivative transactions on our average sales prices and include gains and losses on cash settlements for matured commodity derivatives, which we do not designate for hedge accounting. Hedged prices exclude gains or losses resulting from the early settlement of commodity derivative contracts.
Derivative Activity
For the second quarter of 2024, Diamondback anticipates a net loss on cash settlements for derivative instruments of $28 million and a net gain on non-cash derivative instruments of $46 million as detailed in the table below (in millions):
Gain (loss) on derivative instruments, net: Commodity contracts$54 Interest rate swaps(11) Treasury locks(1) (25) Total$18
Net cash received (paid) on settlements: Commodity contracts$24 Interest rate swaps(27) Treasury locks(1) (25) Total$(28)
(1)Loss on 30 year treasury locks executed prior to, and fully settled upon, pricing of the senior notes issued in April 2024. Diamondback plans to exclude the loss on treasury locks from its second quarter return of capital calculation.
Weighted Average Basic and Diluted Shares Outstanding
For the second quarter of 2024, basic and diluted weighted average shares outstanding are as follows (in thousands):
Basic weighted average shares outstanding178,360 Diluted weighted average shares outstanding178,360
This report contains “forward-looking statements” within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act, which involve risks, uncertainties, and assumptions. All statements, other than statements of historical fact, including statements regarding Diamondback’s: future performance; business strategy; future operations (including drilling plans and capital plans); estimates and projections of revenues, losses, costs, expenses, returns, cash flow, and financial position; reserve estimates and its ability to replace or increase reserves; anticipated benefits of strategic transactions (including acquisi
Apr 30, 2024
fang-20240430false000153983800015398382024-04-302024-04-30
Washington, D.C. 20549
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of report (Date of earliest event reported): April 30, 2024
(Exact Name of Registrant as Specified in Charter)
DE 001-35700 45-4502447
(State or other jurisdiction of incorporation) (Commission File Number) (I.R.S. Employer Identification Number)
500 West Texas Ave. Suite 100 Midland, TX 79701 (Address of principal executive offices)(Zip code)
(432) 221-7400 (Registrant's telephone number, including area code)
Not Applicable (Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K is intended to simultaneously satisfy the filing obligation of the Registrant under any of the following provisions:
☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Securities Exchange Act of 1934:
Title of each classTrading Symbol(s)Name of each exchange on which registered Common Stock, $0.01 Par Value FANGThe Nasdaq Stock Market LLC (NASDAQ Global Select Market)
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 2.02. Results of Operations and Financial Condition.
On April 30, 2024, Diamondback Energy, Inc. (the “Company”) issued a press release announcing financial and operating results for the first quarter ended March 31, 2024 and announcing the first quarter 2024 base and variable cash dividends (the “earnings release”). A copy of the earnings release is furnished to the Securities and Exchange Commission (the “SEC”) as Exhibit 99.1 to this Current Report on Form 8-K. The Company also issued a letter to its stockholders as a supplement to the earnings release, which is furnished to the SEC as Exhibit 99.2 to this Current Report on Form 8-K.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
Exhibit NumberDescription 99.1Press release, dated April 30, 2024, entitled “Diamondback Energy, Inc. Announces First Quarter 2024 Financial and Operating Results.”
99.2Letter to Stockholders, dated April 30, 2024, issued by the Company.
104Cover Page Interactive Data File (formatted as Inline XBRL).
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
Date:April 30, 2024 By:/s/ Teresa L. Dick Name:Teresa L. Dick Title:Executive Vice President, Chief Accounting Officer and Assistant Secretary
This page provides Diamondback Energy Inc. (FANG) earnings call transcripts from SEC 8-K filings along with AI-powered predictions for post-earnings price movements. Our machine learning models analyze historical earnings data, pre-earnings price patterns, volume changes, and volatility to predict 1-day, 5-day, and 20-day returns after each earnings release.
Earnings transcripts are sourced directly from SEC EDGAR filings. Predictions are generated using gradient boosting models trained on FANG's historical earnings reactions. All predicted returns are shown as percentages, and predicted prices are calculated from the closing price at the time of prediction. Past performance does not guarantee future results.