Diamondback Energy expects $197 million Q2 derivative loss; oil sold at $63.23 a barrel
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.
Key points
- 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
The filing
Written by AI on Nov 8, 2026, 1:42 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on July 10, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.