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