Diamondback Energy(FANG)
Search documents
Diamondback Energy Profit, Revenue Jump as Oil Production Rises
WSJ· 2025-11-03 22:03
The oil and natural gas company posted a profit of $1.02 billion in the third quarter, compared with $659 million a year earlier. ...
Diamondback Energy(FANG) - 2025 Q3 - Quarterly Results
2025-11-03 21:06
Exhibit 99.1 DIAMONDBACK ENERGY, INC. ANNOUNCES THIRD QUARTER 2025 FINANCIAL AND OPERATING RESULTS Midland, TX (November 3, 2025) - Diamondback Energy, Inc. (NASDAQ: FANG) ("Diamondback," "we," "our" or the "Company") today announced financial and operating results for the third quarter ended September 30, 2025. • On October 1st, closed the previously announced divestiture of Environmental Disposal Systems, LLC to Deep Blue Midland Basin LLC ("Deep Blue"); Diamondback retained its 30% equity ownership in De ...
Diamondback Energy to sell unit's assets for $670 million, tops profit estimates
Reuters· 2025-11-03 21:05
Core Insights - Diamondback Energy reported quarterly profits that exceeded market expectations [1] - The company announced plans to sell its subsidiary Viper Energy's non-Permian assets for $670 million to an affiliate of GRP Energy Capital [1] Financial Performance - The quarterly profit surpassed analysts' estimates, indicating strong operational performance [1] Strategic Moves - The decision to divest Viper Energy's non-Permian assets reflects a strategic focus on core operations and optimizing asset portfolio [1]
Viper Energy, Inc., a Subsidiary of Diamondback Energy, Inc., Reports Third Quarter 2025 Financial and Operating Results; Announces Divestiture of Non-Permian Assets
Globenewswire· 2025-11-03 21:01
Core Insights - Viper Energy, Inc. reported financial and operational results for Q3 2025, highlighting a continued growth strategy supported by the Sitio Acquisition and organic growth [1][4] - The company anticipates a ~20% increase in oil production per share for Q4 2025 compared to Q4 2024, with mid-single digit organic growth expected in 2026 [4] - Viper returned 85% of pro forma cash available for distribution to stockholders in Q3 2025, with plans to approach nearly 100% following the divestiture of non-Permian assets [5] Financial Update - Q3 2025 average production was 56,087 barrels of oil per day (bo/d) and 108,859 barrels of oil equivalent per day (boe/d) [7] - The consolidated net loss for Q3 2025 was $197 million, with a net loss attributable to Viper of $77 million, or $0.52 per Class A common share [7][9] - Pro forma cash available for distribution was $165 million, or $0.97 per Class A common share [7] - The declared base cash dividend was $0.33 per Class A common share, yielding 3.5% annualized based on the closing price of $37.56 [7][11] - A variable cash dividend of $0.25 per Class A common share was also declared, leading to a total dividend yield of 6.2% [7][12] Recent Events and Forward Outlook - The Sitio Acquisition was completed on August 19, 2025, valued at approximately $4.0 billion [7] - A definitive agreement was made to sell non-Permian assets for $670 million, expected to close in Q1 2026 [7] - Q4 2025 production guidance is set at 65,000 to 67,000 bo/d, with full-year 2025 production guidance of 48.75 to 49.00 million barrels [19] Operational Update - During Q3 2025, 739 horizontal wells were turned to production, with an average lateral length of 10,947 feet [14] - The company had a total of 95,846 net royalty acres as of September 30, 2025 [15] - As of September 30, 2025, Viper's cash balance was $443 million, with total debt outstanding of $2.6 billion [10] Selected Operating Data - Average realized prices for Q3 2025 were $64.34 per barrel of oil, $1.02 per Mcf of natural gas, and $19.07 per barrel of natural gas liquids, leading to a total equivalent realized price of $39.24/boe [8][39] - The company repurchased 2.4 million shares of Class A common stock for approximately $90 million during Q3 2025 [7][13]
Diamondback Energy, Inc. Announces Third Quarter 2025 Financial and Operating Results
Globenewswire· 2025-11-03 21:01
Core Insights - Diamondback Energy, Inc. reported strong financial and operational results for Q3 2025, highlighting significant cash flow generation and shareholder returns [1][2]. Financial Performance - Average oil production reached 503.8 thousand barrels per day (MBO/d), with total production at 942.9 thousand barrels of oil equivalent per day (MBOE/d) [7]. - Net cash provided by operating activities was $2.4 billion, while Operating Cash Flow Before Working Capital Changes was $2.5 billion [7]. - Free Cash Flow and Adjusted Free Cash Flow both stood at $1.8 billion [7]. - The company declared a base cash dividend of $1.00 per share, yielding an annualized rate of 2.8% based on the closing share price of $143.19 on October 31, 2025 [7][18]. Shareholder Returns - Diamondback repurchased 4,286,080 shares for approximately $603 million at an average price of $140.70 per share [7][21]. - Total return of capital for the quarter was $892 million, representing 50% of Adjusted Free Cash Flow [7][21]. Operational Highlights - The company drilled 108 gross wells and completed 137 gross wells in Q3 2025 [9]. - For the full year 2025, Diamondback increased its oil production guidance to 495 - 498 MBO/d and total BOE guidance to 910 - 920 MBOE/d [8][22]. - The average lateral length of wells drilled was approximately 11,500 feet [8][22]. Capital Expenditures - Cash capital expenditures for the quarter were $774 million, with a full-year guidance of $3.45 - $3.55 billion [7][22]. - The company expects to drill 445 - 465 gross wells and complete 510 - 520 gross wells in 2025 [8][22]. Debt and Liquidity - As of September 30, 2025, Diamondback had total liquidity of $2.431 billion and consolidated total debt of $16.432 billion [17]. - The company repurchased $203 million in senior notes due 2051 & 2052 at 82.3% of par value [8]. Market Conditions - Average realized prices for oil were $64.60 per barrel, while natural gas prices averaged $0.75 per Mcf [11]. - The company experienced a slight decrease in natural gas liquids prices, averaging $17.28 per barrel [11].
Tech rules Monday's stock market — plus, Eli Lilly's big comeback and new vote of confidence
CNBC· 2025-11-03 19:40
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Market moves: The S & P 500 was slightly higher to start the week, but most of the gains were concentrated in AI-related technology stocks and the Magnificent Seven — especially Amazon, after it struck a multiyear deal with OpenAI worth $38 billion of compute capacity. The Nasdaq , with a heavier weighting in tech, was modestly higher. Th ...
Susquehanna Lifts Diamondback Energy’s (FANG) Price Target to $188
Yahoo Finance· 2025-10-30 23:14
Core Insights - Diamondback Energy, Inc. (NASDAQ:FANG) is recognized among the 15 Dividend Growth Stocks with the highest growth rates [1] - Susquehanna has raised Diamondback Energy's price target to $188 from $182, maintaining a Positive rating on the stock [3] - The company has a strong operational focus in the Permian Basin, utilizing horizontal drilling and hydraulic fracturing techniques [2] Financial Performance - Diamondback Energy initiated dividend payments in 2018 and has consistently increased its payouts, currently offering a quarterly dividend of $1.00 per share [4] - The dividend yield stands at 2.74% as of October 30, with an annual average payout increase of 24.33% over the past five years [4] Market Outlook - Susquehanna has adjusted its Q4 WTI crude oil price assumption to $62.50 per barrel, while keeping the 2026 outlook unchanged at $65 per barrel [3]
Texas Backs Permian Gas-Fired Power Plant With $1.1B Loan as AI Demand Soars
Insurance Journal· 2025-10-30 16:20
Texas is backing a proposed Permian Basin power plant fueled by natural gas with a $1.1 billion low-interest loan, the largest such project under a state program aimed to shore up supplies after widespread blackouts in 2021.Competitive Power Ventures will use the loan from the Texas Energy Fund to construct a 1,350-megawatt combined-cycle gas plant — among the more efficient types of fossil-fuel generation — in the Permian that’s expected to start up by 2029, CPV said Thursday in a statement. That’s enough ...
The untold story beneath Texas' oil fields
Youtube· 2025-10-30 16:15
Welcome back. Artificial intelligence applied to the energy business at the Peran Basin in Midland, Texas. I travel to Midland last week and tooured Diamondback Energy's efracking site.Take a look. >> Case, where is the wellhead. >> There's six wellheads on this uh location.We're on a location here. >> All right. >> They were drilled by a drilling rig a couple months ago.And now these six well heads are anywhere from 7 to 10,000 ft down in the ground and then they go horizontally so that we're in the pay zo ...
Unlocking Q3 Potential of Diamondback (FANG): Exploring Wall Street Estimates for Key Metrics
ZACKS· 2025-10-30 14:17
Core Viewpoint - Analysts forecast that Diamondback Energy (FANG) will report quarterly earnings of $2.85 per share, reflecting a year-over-year decline of 15.7%, while revenues are expected to reach $3.46 billion, an increase of 30.9% compared to the previous year [1]. Earnings Projections - The consensus EPS estimate has been revised downward by 7.1% over the past 30 days, indicating a collective reassessment by analysts [2]. - Revisions to earnings projections are crucial for predicting investor behavior and are strongly linked to short-term stock price performance [3]. Revenue Estimates - Total revenues from oil, natural gas, and natural gas liquids are projected to be $3.27 billion, representing a year-over-year increase of 38.8% [5]. - Oil sales revenues are expected to be $2.78 billion, indicating a year-over-year change of 28.8% [5]. - Revenues from natural gas liquid sales are anticipated to reach $352.64 million, reflecting a significant increase of 67.1% from the prior year [6]. Production Metrics - Average daily production is forecasted to be 920,999 barrels of oil equivalent per day, up from 571,098 barrels per day in the same quarter last year [6]. - Total production volume for natural gas is estimated at 113,465.90 million cubic feet, compared to 66,519.00 million cubic feet in the previous year [9]. - Total production volume for oil is expected to reach 45,917 thousand barrels, an increase from 29,537 thousand barrels reported last year [10]. - Combined total production volume is projected at 85,050 thousand barrels of oil equivalent, up from 52,541 thousand barrels of oil equivalent in the same quarter last year [11]. Price Estimates - Average prices for hedged natural gas liquids are expected to remain at $18 per barrel, unchanged from the previous year [7]. - Average prices for hedged oil are projected to be $63 per barrel, down from $72 per barrel in the same quarter last year [7][11]. - Average prices for natural gas liquids are estimated at $17 per barrel, a decrease from $18 per barrel reported last year [8]. Market Performance - Diamondback shares have shown a return of +0.1% over the past month, underperforming compared to the Zacks S&P 500 composite's +3.6% change [12].