FANG
Diamondback Energy, Inc.149.06
-5.00-3.25%
Dec 16, 4:00:01 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Barnett reveal dominates Q&A
Q&A unveiled Diamondback's stealth Barnett position—built organically from near-zero acres to 900 gross locations—boasting 60% better first-year oil cums than core Midland, with returns competitive post-20% cost cuts to $800/ft via multi-pad development and 15k-ft laterals starting H2 2026. Plans call for 30 wells drilled, 10 online in 2026, ramping to 100 gross in 2027 for lease holds amid Permian gas glut. Surfactants pilots averaged 100 bpd uplift per $0.5M spend on 60 wells. Inventory focus persists without M&A fanfare. Barnett bet extends duration. Execution trumps hype.
Key Stats
Market Cap
43.15BP/E (TTM)
10.47Basic EPS (TTM)
14.24Dividend Yield
0.03%Recent Filings
8-K
Secondary sale closes
10-K
FY2025 results
Diamondback Energy drove FY2025 production to 921 MBOE/d, up 54% y/y from 598 MBOE/d, fueled by the Endeavor and Double Eagle acquisitions while drilling 463 gross (430 net) and completing 503 gross (476 net) operated horizontal wells on $3.5B cash capex matching guidance. Q4 accelerated momentum with Midland Basin dominance (92% of 336,178 MBOE annual output), cash operating costs steady at $10.23/BOE despite scale, and divestitures exceeding $1.5B target to cut debt. Repurchased $2B stock; $2.7B remains authorized. Plans flat 2026 output on $3.75B capex midpoint. Permian seismic risks threaten quarterly cadence.
8-K
Q4 results: strong cash flow
Diamondback Energy reported Q4 2025 oil production of 512.8 MBO/d, generating $1.0 billion Free Cash Flow despite $3.7 billion non-cash impairment from low prices. Full-year Adjusted Free Cash Flow hit $5.9 billion; returned $3.2 billion via repurchases and dividends, cutting net debt 8% to $14.6 billion. Production holds flat in 2026. Debt down sharply.
8-K
Q4 prices and derivatives update
Diamondback Energy disclosed Q4 2025 realized prices: unhedged oil at $58.00/Bbl, natural gas at $0.03/Mcf, NGLs at $13.51/Bbl; hedged oil fell to $57.07/Bbl while gas rose to $1.03/Mcf. Derivatives delivered $73 million net cash settlements and $192 million total gains. Shares outstanding held steady at 285,789 thousand. Hedging cushioned oil dips.
8-K
Diamondback expands share buybacks
Diamondback Energy inked a letter agreement with SGF FANG Holdings on November 28, 2025, granting SGF the option to sell up to 3 million shares quarterly through 2026 at recent NASDAQ closing prices. It promptly repurchased 2 million shares at $152.59 each. Diamondback has now bought 2.9 million shares since late September for $432 million, with $2.7 billion left under its $8 billion program. Repurchases boost shareholder value amid ample capacity.
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