01—Abstract
Summary
Summary of the 8-K filed January 12, 2026. Cited figures are marked; the original filing is the authoritative source.
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.
02—Key points
Key Highlights
- Q4 2025 unhedged realized oil price was $58.00 per barrel.
- Q4 2025 unhedged realized natural gas price was $0.03 per Mcf.
- Q4 2025 unhedged realized NGL price was $13.51 per barrel.
- Anticipated net gain on derivative instruments for Q4 2025 is $192 million ( $185 million from commodity contracts and $7 million from a contingent liability).
- Net cash received from derivative settlements for Q4 2025 is $73 million ( $78 million from commodity contracts, offset by $5 million from interest rate swaps).
- Q4 2025 basic and diluted weighted average shares outstanding were 285,789 thousand.
03—Questions
Frequently Asked Questions
What were Diamondback's realized commodity prices for Q4 2025?
For the fourth quarter of 2025, Diamondback reported average unhedged realized prices of $58.00 per barrel of oil, $0.03 per Mcf of natural gas, and $13.51 per barrel of natural gas liquids (NGLs). Hedged realized prices were $57.07 per barrel of oil, $1.03 per Mcf of natural gas, and $13.51 per barrel of NGLs.
What is the expected impact of Diamondback's derivative activity in Q4 2025?
Diamondback anticipates a total net gain of $192 million from derivative instruments for Q4 2025, comprising $185 million from commodity contracts and $7 million from a 2026 WTI Contingent Liability. The net cash received from settlements is projected at $73 million.
What are the weighted average share counts for Q4 2025?
For the fourth quarter of 2025, Diamondback reported basic and diluted weighted average shares outstanding of 285,789 thousand.
Are the figures in this 8-K final financial results?
This 8-K filing presents certain information regarding realized prices, derivative activity, and weighted average shares outstanding for the quarter ended December 31, 2025. These are preliminary figures, and actual results could differ. Investors should refer to the company's subsequent SEC filings for complete and finalized financial statements.
04—Continue