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FANG 8-K filings, explained
Every material Form 8-K Diamondback Energy has filed with the SEC since July 10, 2025, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Diamondback Energy reported third-quarter 2026 net income attributable to the company of $1.603 billion, along with $2.148 billion in free cash flow. The company increased its annual base dividend by 7.3% to $4.72 per share and raised its full-year 2026 production and capital expenditure guidance.
Average oil production reached 525 MBO/d for the third quarter ended September 30, 2026.
The annual base dividend increased by 7.3% to $4.72 per share.
Full-year 2026 oil production guidance was increased to approximately 524 MBO/d.
Diamondback Energy disclosed preliminary third-quarter 2026 realized prices and derivative results in an Item 2.02 filing, without full financial results. The company reported a $182 million net loss on commodity derivatives, including $97 million in cash settlements, and hedged natural gas realized $0.90 per Mcf, below the $1.12 unhedged price. The filing does not include revenue, earnings per share or guidance, so shareholders cannot yet judge overall profitability from it.
Average unhedged realized oil price was $87.30 per barrel; hedged oil price was $85.89 per barrel.
Average unhedged natural gas price was $1.12 per Mcf; hedged natural gas price was $0.90 per Mcf.
Net loss on commodity derivatives was $182 million, including $85 million non-cash and $97 million cash settlement loss.
Basic and diluted weighted average shares outstanding were 279,959 thousand for the quarter.
Diamondback Energy amended its Stockholders Agreement with SGF FANG Holdings, LP, tying the Stephens group's board designation rights to its ownership level. Directors Darin Holderness and Lance Robertson resigned from the board in connection with a Board Stepdown under that agreement, not because of any disagreement with the company.
Amendment dated September 29, 2026 lets the Stephens Majority designate two directors if Stephens Stockholders own at least 10% but less than 25% of outstanding shares.
The Stephens Stockholders would have no designated directors if they own less than 10% of outstanding shares.
Darin Holderness resigned from the board on September 29, 2026; Lance Robertson resigned on September 30, 2026.
Resignations were stated to be unrelated to any disagreement with the company on operations, policies or practices.
Diamondback Energy reported second quarter 2026 net income attributable to the company of $1.88 billion, or $6.65 per diluted share, compared with $699 million, or $2.38 per share, a year earlier. The company raised its full-year 2026 oil production guidance and doubled its share repurchase authorization to $16.0 billion in July, which gives shareholders a larger buyback capacity.
Q2 2026 total revenues were $5.562 billion, up from $3.678 billion in Q2 2025.
Full-year 2026 oil production guidance raised to 522+ thousand barrels per day from 520+; total production guidance raised to 1,000+ thousand barrels of oil equivalent per day from 972+.
Board doubled the share repurchase authorization to $16.0 billion on July 30, 2026; about $9.9 billion remains available.
Base cash dividend of $1.10 per share declared, payable August 20, 2026, to holders of record on August 13, 2026.
Diamondback Energy disclosed selected second-quarter 2026 operating data: average unhedged oil price of $96.82 per barrel and average hedged oil price of $94.33 per barrel, with natural gas prices negative on both measures. The filing also anticipates a $113 million net cash gain and a $64 million net non-cash loss on derivative instruments, which affect the company's realized results. The filing does not include total revenue, net income, earnings per share or guidance.
Oil: $96.82 per barrel unhedged and $94.33 per barrel hedged in Q2 2026
Natural gas: $(2.15) per Mcf unhedged and $(0.34) per Mcf hedged; NGLs $18.56 per barrel
Anticipated net cash gain on derivative settlements of $113 million and net non-cash loss of $64 million
Basic and diluted weighted average shares outstanding of 281,202 thousand for Q2 2026
Diamondback Energy and its subsidiary Diamondback E&P LLC signed a seventeenth amendment to their credit agreement with Wells Fargo as administrative agent on June 12, 2026. The amendment extends the maturity by one year, raises total lender commitments by $500 million, and lowers the interest rate on loans and certain fees. The filing does not state how much of the facility is drawn, so the financial effect on the company is not quantified.
Maturity extended from June 12, 2030 to June 12, 2031
Total commitments increased from $2.5 billion to $3.0 billion
Interest rate on loans and certain fees decreased; the filing does not give the new rate
Full amendment filed as Exhibit 10.1; signed June 15, 2026 by Teresa L. Dick, Executive Vice President and Chief Accounting Officer
Diamondback Energy reported first quarter 2026 net income attributable to the company of $25 million, or $0.08 per diluted share, down from $1.4 billion, or $4.83 per diluted share, a year earlier. The results include a $1.4 billion impairment of oil and natural gas properties, while total revenues rose to $4.24 billion from $4.05 billion, and the company raised its 2026 oil production guidance and base dividend.
Q1 2026 net income attributable to Diamondback was $25 million, or $0.08 per diluted share, versus $1,405 million, or $4.83 per share, in Q1 2025; adjusted net income was $1,198 million, or $4.23 per diluted share.
Impairment of oil and natural gas properties was $1,400 million in Q1 2026, compared with none a year earlier.
2026 oil production guidance raised to 520+ thousand barrels per day from 500 to 510; full-year cash capital expenditures raised to about $3.90 billion from about $3.75 billion.
Base cash dividend raised 5% to $1.10 per share, payable May 21, 2026; the company repurchased $548 million of stock in Q1 and has $2.1 billion remaining under its authorization as of May 1, 2026.
Diamondback Energy disclosed selected first-quarter 2026 operating metrics, including realized commodity prices, derivative results and share count, without full revenue, earnings or guidance figures. Shareholders get partial figures ahead of a full financial release, with the derivative gain offset by a $27 million realized loss on terminated interest rate swaps.
Unhedged oil price averaged $73.47 per barrel and hedged oil averaged $72.53 per barrel in Q1 2026.
Expected net gain on cash settlements of derivatives was $133 million, with a $16 million non-cash loss.
A $27 million realized loss was recognized on termination of $300 million notional of interest rate swaps.
Basic and diluted weighted average shares outstanding were both 282,792 thousand.
Diamondback Energy's shareholder SGF FANG Holdings, LP completed a registered secondary offering of 12,650,000 shares of the company's common stock on March 12, 2026, including 1,650,000 shares from an over-allotment option that the underwriters exercised in full. Diamondback did not receive any proceeds, so the sale affects existing shareholders through the increased number of shares trading rather than the company's own finances.
Secondary offering of 12,650,000 shares completed March 12, 2026, including 1,650,000 option shares exercised in full
Company received none of the offering proceeds; the selling stockholder is SGF FANG Holdings, LP
Pricing release states gross proceeds to the selling stockholder of approximately $1.9 billion for the 11,000,000 base shares
Underwriters were Evercore, Citigroup and J.P. Morgan; shares were registered under a Form S-3 shelf filed September 19, 2024
Diamondback Energy reported a fourth-quarter 2025 net loss attributable to the company of $1,458 million, driven by a $3,652 million impairment of oil and natural gas properties, compared with net income of $1,074 million a year earlier. The company raised its annual base dividend 5% to $4.20 per share and gave 2026 guidance of 500 to 510 MBO/d of oil production and $3.6 billion to $3.9 billion of total capital expenditures. The dividend increase benefits shareholders, while the reported loss and impairment weigh on reported results.
Q4 2025 net loss attributable to Diamondback of $1,458 million, or $5.11 per diluted share, versus net income of $1,074 million, or $3.67 per share, in Q4 2024.
Impairment of oil and natural gas properties of $3,652 million in Q4 2025, compared with none in Q4 2024.
Adjusted net income of $499 million, or $1.74 per diluted share, for Q4 2025.
Annual base dividend increased 5% to $4.20 per share; Q4 2025 base dividend of $1.05 per share is payable March 12, 2026.
Diamondback Energy disclosed fourth-quarter 2025 realized prices, derivative results and weighted average share counts in an Item 2.02 filing. The filing does not include revenue, net income, earnings per share or guidance, so shareholders cannot assess overall profitability from it.
Average unhedged realized oil price was $58.00 per barrel; hedged oil price was $57.07 per barrel.
Average unhedged natural gas price was $0.03 per Mcf and hedged price was $1.03 per Mcf; NGL price was $13.51 per barrel.
Expected total gain on derivative instruments was $192 million, including a $73 million net cash gain on settlements.
Basic and diluted weighted average shares outstanding were 285,789 thousand for the quarter.
Diamondback Energy reported third quarter 2025 net income attributable to the company of $1,018 million, or $3.51 per diluted share, up from $659 million, or $3.19 per share, a year earlier. Total revenues rose to $3,924 million from $2,645 million, and the company raised its full-year 2025 oil production guidance to 495 - 498 MBO/d while narrowing its capital spending range.
Q3 2025 net income attributable to Diamondback was $1,018 million ($3.51 diluted EPS), versus $659 million ($3.19) in Q3 2024.
Total return of capital in Q3 2025 was $892 million, including $603 million of share repurchases and the $1.00 per share base dividend payable November 20, 2025.
Full-year 2025 oil production guidance was raised to 495 - 498 MBO/d; cash capital expenditures were narrowed to $3.45 - $3.55 billion.
Closed divestitures of Environmental Disposal Systems on October 1 ($694 million upfront cash) and EPIC Crude interest on October 31 ($504 million upfront cash).
Diamondback Energy disclosed selected third quarter 2025 results, including realized commodity prices, derivative gains and weighted average share count, but did not report revenue, net income, earnings per share or guidance. The company expects a net cash gain of $60 million on derivative settlements for the quarter, which partly offsets a $15 million realized loss from terminating part of its interest rate swaps.
Average unhedged realized oil price was $64.60 per barrel; hedged oil price was $63.70 per barrel for the quarter ended September 30, 2025.
Anticipated net cash gain on derivative settlements of $60 million, with total derivative gain of $120 million including non-cash items.
A $15 million realized loss came from early termination of $150 million of a $450 million notional amount of interest rate swaps.
Basic and diluted weighted average shares outstanding were 288,826 thousand for the third quarter.
Diamondback Energy reported second quarter 2025 net income attributable to the company of $699 million, or $2.38 per diluted share, down from $837 million, or $4.66 per share, a year earlier, even though total revenues rose to $3.678 billion from $2.483 billion. The company raised its full-year oil production range to 485 - 492 MBO/d and lowered its 2025 cash capital expenditure forecast to $3.4 - $3.6 billion, and its board raised the share repurchase authorization by $2.0 billion to $8.0 billion.
Q2 2025 net income attributable to Diamondback was $699 million, or $2.38 per diluted share, versus $837 million, or $4.66 per share, in Q2 2024; adjusted net income was $785 million, or $2.67 per diluted share.
Total revenues were $3.678 billion, compared with $2.483 billion in Q2 2024.
2025 cash capital expenditure guidance was lowered to $3.4 - $3.6 billion, and 2025 oil production guidance was narrowed to 485 - 492 MBO/d.
The board approved a $2.0 billion increase in the share repurchase authorization to $8.0 billion on July 31, 2025, with about $3.5 billion remaining; the Q2 2025 base dividend is $1.00 per share, payable August 21, 2025.
Diamondback Energy disclosed Q2 2025 realized prices and derivative results in an Item 2.02 filing, showing a net derivative loss of $197 million, including a $160 million non-cash loss and a $37 million net cash loss on settlements. The filing does not include revenue or earnings per share, so the full effect on reported results is not yet clear, but the derivative losses reduce the benefit of hedging for shareholders this quarter.
Net loss on derivative instruments of $197 million for Q2 2025, including commodity contracts loss of $203 million
Net cash paid on settlements of $37 million, with a $52 million realized loss from early termination of $450 million of $900 million in interest rate swaps
Average Q2 2025 oil price was $63.23 per barrel unhedged and $62.34 per barrel hedged; natural gas was $0.88 per Mcf unhedged and $1.45 hedged
Basic and diluted weighted average shares outstanding were 292,135 thousand for Q2 2025
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