HighGravityDataDiamondback Energy — Aug 4, 2025 release
Fiscal 2025 second-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0001539838-25-000124
Showing in the filing
Interest expense (net of interest income) ($/BOE)
“$0.60 - $0.80 (from $0.40 - $0.65)”
Period
FY2025
Measure
GAAP-tied
Source
Guidance table
All guidance in this release · 53
Base cash dividend for Q2 FY2025
“$1.00 per share”
Share repurchase authorization
“$8.0 billion”
Oil production for FY2025
“485 - 492 MBO/d”
Annual BOE for FY2025
“890 - 910 MBOE/d”
Cash capital expenditures for FY2025
“$3.4 - $3.6 billion”
MBO per $MM of CAPEX for FY2025
“50.9”
Gross (net) wells to be drilled for FY2025
“425 - 450 gross (395 - 418 net)”
Wells completed for FY2025
“between 490 - 515 gross (458 - 482 net)”
Gross (net) wells to be completed for FY2025
“490 - 515 gross (458 - 482 net)”
Oil production for Q3 FY2025
“485 - 495 MBO/d (890 - 920 MBOE/d)”
Cash capital expenditures for Q3 FY2025
“$750 - $850 million”
Net production - MBOE/d for FY2025
“890 - 910 (from 857 - 900)”
Net production - MBOE/d, Diamondback Energy,… for FY2025
“890 - 910 (from 857 - 900)”
Net production - MBOE/d, Viper Energy, Inc. for FY2025
“76.5 - 81.5”
Oil production - MBO/d for FY2025
“485 - 492 (from 480 - 495)”
Oil production - MBO/d, Diamondback Energy, … for FY2025
“485 - 492 (from 480 - 495)”
Oil production - MBO/d, Viper Energy, Inc. for FY2025
“41.0 - 43.5”
Oil production - MBO/d (total - MBOE/d) for Q3 FY2025
“485 - 495 (890 - 920)”
Oil production - MBO/d (total - MBOE/d), Dia… for Q3 FY2025
“485 - 495 (890 - 920)”
Oil production - MBO/d (total - MBOE/d), Vip… for Q3 FY2025
“46.0 - 49.0 (86.0 - 92.0)”
Lease operating expenses, including workover… for FY2025
“$5.30 - $5.70 (from $5.65 - $6.05)”
Lease operating expenses, including workovers
“$5.30 - $5.70 (from $5.65 - $6.05)”
Cash G&A ($/BOE) for FY2025
“$0.60 - $0.75”
Cash G&A, Diamondback Energy, Inc.
“$0.60 - $0.75”
Cash G&A, Viper Energy, Inc.
“$0.80 - $1.00”
Non-cash equity-based compensation ($/BOE) for FY2025
“$0.25 - $0.35”
Non-cash equity-based compensation, Diamondb…
“$0.25 - $0.35”
Non-cash equity-based compensation, Viper En…
“$0.10 - $0.20”
DD&A ($/BOE) for FY2025
“$14.50 - $15.50 (from $14.00 - $15.00)”
DD&A, Diamondback Energy, Inc.
“$14.50 - $15.50 (from $14.00 - $15.00)”
DD&A, Viper Energy, Inc.
“$16.50 - $17.50”
Interest expense (net of interest income) ($… for FY2025
“$0.60 - $0.80 (from $0.40 - $0.65)”
Interest expense (net of interest income), D…
“$0.60 - $0.80 (from $0.40 - $0.65)”
Interest expense (net of interest income), V…
“$2.00 - $2.50”
Gathering, processing and transportation ($/… for FY2025
“$1.60 - $1.75 (from $1.40 - $1.60)”
Gathering, processing and transportation
“$1.60 - $1.75”
Production and ad valorem taxes (% of revenue) for FY2025
“~7%”
Corporate tax rate (% of pre-tax income) for FY2025
“23%”
Cash tax rate (% of pre-tax income) for FY2025
“15% - 18% (from 19% - 22%)”
Cash taxes ($ - million) for Q3 FY2025
“$50 - $110”
Operated drilling and completion ($ - million) for FY2025
“$2,850 - $2,950 (from $2,780 - $3,090)”
Capital workovers, non-operated properties a… for FY2025
“$250 - $300 (from $280 - $320)”
Infrastructure, environmental and midstream … for FY2025
“$300 - $350 (from $340 - $390)”
Total capital expenditures for FY2025
“$3,400 - $3,600 (from $3,400 - $3,800)”
Gross horizontal wells drilled (net) for FY2025
“425 - 450 (395 - 418) (from 385 - 435 (349 - 395))”
Horizontal wells drilled (net) for FY2025
“425 - 450 (395 - 418)”
Gross horizontal wells completed (net) for FY2025
“490 - 515 (458 - 482) (from 475 - 550 (444 - 514))”
Horizontal wells completed (net)
“490 - 515 (458 - 482) (from 475 - 550 (444 - 514))”
Average lateral length (Ft.) for FY2025
“~11,500'”
Midland Basin well costs per lateral foot for FY2025
“$550 - $580 ( from $550 - $590)”
Delaware Basin well costs per lateral foot for FY2025
“$860 - $910”
Midland Basin completed net lateral feet (%) for FY2025
“~95%”
Delaware Basin completed net lateral feet (%) for FY2025
“~5%”
Exhibit 99.1 · the passage around this item
… earlier in the release
2025 Net production - MBOE/d 890 - 910 (from 857 - 900) 76.5 - 81.5 2025 Oil production - MBO/d 485 - 492 (from 480 - 495) 41.0 - 43.5 Q3 2025 Oil production - MBO/d (total - MBOE/d) 485 - 495 (890 - 920) 46.0 - 49.0 (86.0 - 92.0) Unit costs ($/BOE) Lease operating expenses, including workovers $5.30 - $5.70 (from $5.65 - $6.05) G&A Cash G&A $0.60 - $0.75 $0.80 - $1.00 Non-cash equity-based compensation $0.25 - $0.35 $0.10 - $0.20 DD&A $14.50 - $15.50 (from $14.00 - $15.00) $16.50 - $17.50 Interest expense (net of interest income) $0.60 - $0.80 (from $0.40 - $0.65) $2.00 - $2.50 Gathering, processing and transportation $1.60 - $1.75 (from $1.40 - $1.60) Production and ad valorem taxes (% of revenue) ~7% ~7% Corporate tax rate (% of pre-tax income) 23% Cash tax rate (% of pre-tax income) 15% - 18% (from 19% - 22%) 21% - 23% Q3 2025 Cash taxes ($ - million) (1) (2) $50 - $110 $13 - $18 Capital Budget ($ - million) Operated drilling and completion $2,850 - $2,950 (from $2,780 - $3,090) Capital workovers, non-operated properties and science $250 - $300 (from $280 - $320) Infrastructure, environmental and midstream (3) $300 - $350 (from $340 - $390) 2025 Total capital expenditures $3,400 - $3,600 (from $3,400 - $3,800) Q3 2025 Capital expenditures $750 - $850 Gross horizontal wells drilled (net) 425 - 450 (395 - 418) (from 385 - 435 (349 - 395)) Gross horizontal wells completed (net) 490 - 515 (458 - 482) (from 475 - 550 (444 - 514)) Average lateral length (Ft.) ~11,500' FY 2025 Midland Basin well costs per lateral foot $550 - $580 ( from $550 - $590) FY 2025 Delaware Basin well costs per lateral foot $860 - $910 Midland Basin completed net lateral feet (%) ~95% Delaware Basin completed net lateral feet (%) ~5% (1) Includes approximately $20-25 m
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.