Summary
Diamondback Energy, Inc. (FANG) reported its 2025 fiscal year results, demonstrating significant operational expansion and strategic capital allocation. The company successfully closed the Double Eagle Acquisition, adding approximately 40,000 net acres primarily in the Midland Basin, and completed the Viper Sitio Acquisition valued at approximately $4.0 billion, enhancing Viper's mineral and royalty interests in the Permian Basin. Diamondback also strategically divested non-core assets totaling $1.7 billion, including its stake in EPIC Crude Holdings and water assets, to optimize its portfolio and reduce debt. Operationally, Diamondback maintained capital discipline with $3.5 billion in cash capital expenditures, consistent with guidance. The company is focused on returning capital to shareholders, with at least 50% of Adjusted Free Cash Flow designated for dividends and stock repurchases, while also prioritizing debt reduction. Looking ahead to 2026, Diamondback plans for essentially flat production levels and estimates capital expenditures between $3.60 billion and $3.90 billion, signaling a continued focus on efficient development and shareholder returns.
Financial Highlights
47 data points| Revenue | $15.03B |
| SG&A Expenses | $288.00M |
| Operating Expenses | $13.76B |
| Operating Income | $1.27B |
| Interest Expense | $244.00M |
| Net Income | $1.55B |
| EPS (Basic) | $5.73 |
| EPS (Diluted) | $5.73 |
| Shares Outstanding (Basic) | 289.08M |
| Shares Outstanding (Diluted) | 289.08M |
Key Highlights
- 1Completed significant acquisitions, including Double Eagle ($3.1 billion cash and stock) and Viper's Sitio acquisition ($4.0 billion all-equity), expanding acreage and reserve base.
- 2Divested approximately $1.7 billion in non-core assets, including its interest in EPIC Crude Holdings and water assets, to streamline operations and reduce debt.
- 3Incurred $3.5 billion in cash capital expenditures for the year, aligning with prior guidance and demonstrating capital discipline.
- 4Continued commitment to returning capital to shareholders, with at least 50% of Adjusted Free Cash Flow allocated to dividends and stock repurchases.
- 5Increased common stock repurchase program authorization to $8.0 billion and repurchased $2.0 billion of stock in 2025.
- 6Proved reserves as of December 31, 2025, totaled 3,617,856 MBOE, with approximately 70% classified as proved developed producing.
- 7For 2026, plans to maintain essentially flat production and estimates capital expenditures between $3.60 billion and $3.90 billion.