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Diamondback Energy, Inc. 8-K Report, Financial Results (Jul 10, 2025)

Reports
Earnings & Results
Filing Date
Filed July 10, 2025
Period End
July 10, 2025
Security
FANG
In the record · 2016–202610-K1210-Q328-K174

FANG filed 12 annual reports (10-K), 32 quarterly reports (10-Q) and 174 current reports (8-K) between 2016 and 2026.

  1. Leadership change8-K · Feb ’19Feb ’19
  2. Deal closed8-K · Mar ’21Mar ’21
  3. Material agreement8-K · Dec ’22Dec ’22
  4. Leadership change8-K · Sep ’26Sep ’26

01—Abstract

Summary

Summary of the 8-K filed July 10, 2025. Cited figures are marked; the original filing is the authoritative source.

Diamondback Energy, Inc. (FANG) has filed an 8-K reporting on its second quarter 2025 financial and operational metrics, specifically focusing on realized commodity prices, derivative activity, and share count.

The report indicates realized unhedged oil prices of $63.23a per barrel and natural gas prices of $0.88 per Mcf. Hedged prices for oil were slightly lower at $62.34 per barrel, while natural gas hedged prices saw a significant increase to $1.45 per Mcf, reflecting the impact of commodity derivative transactions. Importantly, Diamondback anticipates a net loss on derivative instruments totaling $197 million for the quarter, comprised of a $203 million loss on commodity contracts and a $7 million gain on interest rate swaps, partially offset by a $160 million non-cash loss.

A notable event is the $52 millionb realized loss from the early termination of interest rate swaps, which the company plans to exclude from its return of capital calculation. The weighted average basic and diluted shares outstanding remained stable at 292,135 thousand for the quarter.

02—Key points

Key Highlights

  1. Q2 2025 unhedged realized oil price: $63.23/bbl; natural gas: $0.88/Mcf.
  2. Q2 2025 hedged realized oil price: $62.34/bbl; natural gas: $1.45/Mcf.
  3. Anticipated net loss on derivative instruments of $197 million for Q2 2025.
  4. Includes a $203 million loss on commodity contracts and a $7 million gain on interest rate swaps in derivative activity.
  5. Significant $52 million realized loss from early termination of interest rate swaps, to be excluded from return of capital.
  6. Weighted average basic and diluted shares outstanding for Q2 2025: 292,135 thousand.
  7. NGL realized prices remained consistent at $18.13/bbl, both hedged and unhedged.

03—Questions

Frequently Asked Questions

  1. What were Diamondback's realized commodity prices for the second quarter of 2025?

    For the second quarter of 2025, Diamondback reported average unhedged realized prices of $63.23 per barrel for oil and $0.88 per Mcf for natural gas. Hedged prices were $62.34 per barrel for oil and $1.45 per Mcf for natural gas. NGL prices were $18.13 per barrel, unchanged between hedged and unhedged.

  2. What is the impact of derivative instruments on Diamondback's Q2 2025 results?

    Diamondback anticipates a net loss on derivative instruments of $197 million for the second quarter of 2025. This includes a $203 million loss on commodity contracts and a $7 million gain on interest rate swaps. A substantial portion of this impact stems from a $52 million realized loss due to the early termination of interest rate swaps.

  3. Will the loss from the early termination of interest rate swaps affect Diamondback's return of capital?

    Diamondback has stated that it plans to exclude the $52 million realized loss from the early termination of interest rate swaps from its second quarter return of capital calculation.

  4. What is the weighted average share count for the second quarter of 2025?

    The weighted average basic and diluted shares outstanding for the second quarter of 2025 were 292,135 thousand.

04—Continue

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