HighGravityDataDiamondback Energy — Nov 3, 2025 release
Fiscal 2025 third-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0001539838-25-000144
Showing in the filing
Annual BOE
“910 - 920 MBOE/d”
Period
FY2025
Measure
Company-defined measure
Source
Prose
All guidance in this release · 52
Base cash dividend for Q3 FY2025
“$1.00 per share”
Contingent consideration for FY2026
“up to $200 million”
Oil production for FY2025
“495 - 498 MBO/d”
Annual BOE for FY2025
“910 - 920 MBOE/d”
Cash capital expenditures for FY2025
“$3.45 - $3.55 billion”
Wells completed for FY2025
“between 510 - 520 gross (471 - 481 net)”
Gross wells completed (net), average lateral… for FY2025
“510 - 520 gross (471 - 481 net) wells with an average lateral length of approximately 11,500 feet”
Oil production for Q4 FY2025
“505 - 515 MBO/d (927 - 963 MBOE/d)”
Cash capital expenditures for Q4 FY2025
“$875 - $975 million”
Net production - MBOE/d for FY2025
“910 - 920 (from 890 - 910)”
Net production - MBOE/d, Diamondback Energy,… for FY2025
“910 - 920 (from 890 - 910)”
Net production - MBOE/d, Viper Energy, Inc. for FY2025
“92.8 - 93.5”
Oil production - MBO/d for FY2025
“495 - 498 (from 485 - 492)”
Oil production - MBO/d, Diamondback Energy, … for FY2025
“495 - 498 (from 485 - 492)”
Oil production - MBO/d, Viper Energy, Inc. for FY2025
“48.8 - 49.0”
Oil production - MBO/d (total - MBOE/d) for Q4 FY2025
“505 - 515 (927 - 963)”
Oil production - MBO/d (total - MBOE/d), Dia… for Q4 FY2025
“505 - 515 (927 - 963)”
Oil production - MBO/d (total - MBOE/d), Vip… for Q4 FY2025
“65.0 - 67.0 (124.0 - 128.0)”
Lease operating expenses, including workover… for FY2025
“$5.40 - $5.70 (from $5.30 - $5.70)”
Lease operating expenses, including workovers
“$5.40 - $5.70 (from $5.30 - $5.70)”
Cash G&A ($/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”
DD&A, Diamondback Energy, Inc.
“$14.50 - $15.50”
DD&A, Viper Energy, Inc.
“$16.75 - $17.25”
Interest expense (net of interest income) ($… for FY2025
“$0.60 - $0.80”
Interest expense (net of interest income), D…
“$0.60 - $0.80”
Interest expense (net of interest income), V…
“$2.50 - $3.00”
Gathering, processing and transportation ($/… for FY2025
“$1.45 - $1.60 (from $1.60 - $1.75)”
Gathering, processing and transportation
“$1.45 - $1.60 (from $1.60 - $1.75)”
Production and ad valorem taxes (% of revenue) for FY2025
“~7%”
Corporate tax rate (% of pre-tax income) for FY2025
“23%”
Cash tax rate (% of pre-tax income) for FY2025
“15% - 18%”
Cash taxes ($ - million) for Q4 FY2025
“$270 - $350”
Operated drilling and completion (Capital Bu… for FY2025
“$2,925 - $2,950 (from $2,850 - $2,950)”
Capital workovers, non-operated properties a… for FY2025
“$300 - $350 (from $250 - $300)”
Infrastructure, environmental and midstream … for FY2025
“$225 - $250 (from $300 - $350)”
Total capital expenditures for FY2025
“$3,450 - $3,550 (from $3,400 - $3,600)”
Gross horizontal wells drilled (net) for FY2025
“445 - 465 (412 - 430) (from 425 - 450 (395 - 418))”
Horizontal wells drilled (net) for FY2025
“445 - 465 (412 - 430)”
Gross horizontal wells completed (net) for FY2025
“510 - 520 (471 - 481) (from 490 - 515 (458 - 482))”
Horizontal wells completed (net)
“510 - 520 (471 - 481) (from 490 - 515 (458 - 482))”
Average lateral length (Ft.) for FY2025
“~11,500'”
Midland Basin well costs per lateral foot for FY2025
“$550 - $580”
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%”
Return of capital commitment
“at least 50% of Adjusted Free Cash Flow”
Exhibit 99.1 · the passage around this item
… earlier in the release
• Repurchased $203 million in senior notes due 2051 & 2052 at 82.3% of par (~$167 million) in Q4 2025 (to date) UPDATED 2025 GUIDANCE HIGHLIGHTS • Increasing full year oil production guidance to 495 - 498 MBO/d and increasing annual BOE guidance to 910 - 920 MBOE/d • Narrowing full year cash capital expenditures to $3.45 - $3.55 billion; unchanged at the midpoint from August update • The Company expects to drill 445 - 465 gross (412 - 430 net) wells and complete between 510 - 520 gross (471 - 481 net) wells with an average lateral length of approximately 11,500 feet in 2025 • Q4 2025 oil production guidance of 505 - 515 MBO/d (927 - 963 MBOE/d) • Q4 2025 cash capital expenditures guidance of $875 - $975 million OPERATIONS UPDATE The following tables provide a summary of Diamondback’s key operational updates for the quarter: Wells Drilled and Completed: Three Months Ended September 30, 2025 Nine Months Ended September 30, 2025 Drilled Completed Drilled Completed Area: Gross Net Gross Net Gross Net Gross Net Midland Basin 107 97 137 127 352 326 361 342 Delaware Basin 1 1 — — 4 4 15 13 Total 108 98 137 127 356 330 376 355 Gross Wells Drilled and Completed By Zone: Three Months Ended September 30, 2025 Nine Months Ended September 30, 2025 Number of Wells Drilled Number of Wells Completed Number of Wells Drilled Number of Wells Completed Midland Basin: Upper Spraberry 1 3 6 13 Middle Spraberry 7 11 24 32 Jo Mill 19
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.