Summary
Diamondback Energy, Inc. (FANG) filed an 8-K on January 12, 2026, providing preliminary operational and financial data for the fourth quarter of 2025. The report details realized commodity prices, derivative activity, and weighted average share counts. Investors should note that these are preliminary figures and actual results could differ. The company also included standard forward-looking statements and risk factors. Key takeaways include realized prices for oil, natural gas, and NGLs, both unhedged and hedged, as well as the anticipated gains from derivative instruments. The provided data on weighted average shares outstanding is also a crucial component for per-share metric calculations. Investors should review these preliminary results in conjunction with the company's full financial reports and the associated risk disclosures.
Key Highlights
- 1Q4 2025 unhedged realized oil price was $58.00 per barrel.
- 2Q4 2025 unhedged realized natural gas price was $0.03 per Mcf.
- 3Q4 2025 unhedged realized NGL price was $13.51 per barrel.
- 4Anticipated net gain on derivative instruments for Q4 2025 is $192 million ( $185 million from commodity contracts and $7 million from a contingent liability).
- 5Net cash received from derivative settlements for Q4 2025 is $73 million ( $78 million from commodity contracts, offset by $5 million from interest rate swaps).
- 6Q4 2025 basic and diluted weighted average shares outstanding were 285,789 thousand.