HighGravityDataDiamondback Energy — Feb 23, 2026 release
Fiscal 2025 fourth-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0001539838-26-000006
Showing in the filing
Oil production - MBO/d (total - MBOE/d), Diamondback Energy, Inc.
“502 - 512 (930 - 966)”
Period
Q1 FY2026
Measure
Company-defined measure
Source
Guidance table
All guidance in this release · 50
Annual base dividend for FY2025
“$4.20 per share”
Base cash dividend for Q4 FY2025
“$1.05 per share”
Oil production for FY2026
“500 - 510 MBO/d (926 - 962 MBOE/d)”
Cash capital expenditures for FY2026
“$3.6 - $3.9 billion”
Exploratory development capital for FY2026
“approximately $100 - $150 million”
Capital for exploratory development in the B… for FY2026
“$100 - $150 million”
Net lateral feet expected to be completed for FY2026
“5.9 - 6.3 million net lateral feet”
Oil production for Q1 FY2026
“502 - 512 MBO/d (930 - 966 MBOE/d)”
Cash capital expenditures for Q1 FY2026
“$900 million - $975 million”
Remaining share repurchase authorization
“$2.3 billion”
SGF share sale option for FY2026
“up to 3.0 million shares”
Net production - MBOE/d for FY2026
“926 - 962”
Net production - MBOE/d, Diamondback Energy,… for FY2026
“926 - 962”
Net production - MBOE/d, Viper Energy, Inc. for FY2026
“120.0 - 132.0”
Oil production - MBO/d for FY2026
“500 - 510”
Oil production - MBO/d, Diamondback Energy, … for FY2026
“500 - 510”
Oil production - MBO/d, Viper Energy, Inc. for FY2026
“61.0 - 67.0”
Oil production - MBO/d (total - MBOE/d) for Q1 FY2026
“502 - 512 (930 - 966)”
Oil production - MBO/d (total - MBOE/d), Dia… for Q1 FY2026
“502 - 512 (930 - 966)”
Oil production - MBO/d (total - MBOE/d), Vip… for Q1 FY2026
“62.5 - 64.5 (124.0 - 128.0)”
Lease operating expenses, including workover… for FY2026
“$5.90 - $6.40”
Lease operating expenses, including workovers
“$5.90 - $6.40”
Cash G&A ($/BOE) for FY2026
“$0.55 - $0.70”
Cash G&A, Diamondback Energy, Inc.
“$0.55 - $0.70”
Cash G&A, Viper Energy, Inc.
“$0.70 - $0.90”
Non-cash equity-based compensation ($/BOE) for FY2026
“$0.20 - $0.30”
Non-cash equity-based compensation, Diamondb…
“$0.20 - $0.30”
Non-cash equity-based compensation, Viper En…
“$0.10 - $0.20”
DD&A ($/BOE) for FY2026
“$14.50 - $15.50”
DD&A, Diamondback Energy, Inc.
“$14.50 - $15.50”
DD&A, Viper Energy, Inc.
“$17.50 - $19.50”
Interest expense (net of interest income) ($… for FY2026
“$0.70 - $0.90”
Interest expense (net of interest income), D…
“$0.70 - $0.90”
Interest expense (net of interest income), V…
“$1.90 - $2.40”
Gathering, processing and transportation ($/… for FY2026
“$1.50 - $1.70”
Gathering, processing and transportation
“$1.50 - $1.70”
Production and ad valorem taxes (% of revenue) for FY2026
“~7%”
Production and ad valorem taxes (% of revenu…
“~7%”
Cash tax rate (% of pre-tax income) for FY2026
“18% - 21%”
Cash taxes ($ - million) for Q1 FY2026
“$180 - $240”
Pre-tax income attributable to the Company (…
“$180 - $240”
Pre-tax income attributable to the Company (…
“$17.0 - $23.0”
Operated drilling and completion ($ - million) for FY2026
“$3,050 - $3,270”
Operated drilling and completion
“$3,050 - $3,270”
Total capital expenditures for FY2026
“$3,600 - $3,900”
Total capital expenditures ($ - million) for FY2026
“$3,600 - $3,900”
Capital expenditures for Q1 FY2026
“$900 - $975”
Average lateral length (Ft.) for FY2026
“~12,900'”
Net lateral footage completed (1,000's of Ft.) for FY2026
“5,900' - 6,300'”
Return of capital commitment (% of Adjusted …
“at least 50% of Adjusted Free Cash Flow”
Exhibit 99.1 · the passage around this item
… earlier in the release
2026 Guidance 2026 Guidance Diamondback Energy, Inc. Viper Energy, Inc. 2026 Net production - MBOE/d 926 - 962 120.0 - 132.0 2026 Oil production - MBO/d 500 - 510 61.0 - 67.0 Q1 2026 Oil production - MBO/d (total - MBOE/d) 502 - 512 (930 - 966) 62.5 - 64.5 (124.0 - 128.0) Unit costs ($/BOE) Lease operating expenses, including workovers $5.90 - $6.40 G&A Cash G&A $0.55 - $0.70 $0.70 - $0.90 Non-cash equity-based compensation $0.20 - $0.30 $0.10 - $0.20 DD&A $14.50 - $15.50 $17.50 - $19.50 Interest expense (net of interest income) $0.70 - $0.90 $1.90 - $2.40 Gathering, processing and transportation $1.50 - $1.70 Production and ad valorem taxes (% of revenue) ~7% ~7% Corporate tax rate (% of pre-tax income) 23% Cash tax rate (% of pre-tax income) (1) 18% - 21% 27% - 30% Q1 2026 Cash taxes ($ - million) (2) $180 - $240 $17.0 - $23.0 Cash Capital Budget ($ - million) Operated drilling and completion $3,050 - $3,270 2026 Total capital expenditures (3) $3,600 - $3,900 Q1 2026 Capital expenditures $900 - $975 Average lateral length (Ft.) ~12,900' Net lateral footage completed (1,000's of Ft.) 5,900' - 6,300' (1) Pre-tax income attributable to the Company is a non-GAAP measure. We are not able to forecast the most directly comparable GAAP measure - Income (loss) before income taxes - due to high variability and difficulty in predicting certain items that affect Income (loss) before income taxes, such as future commodity prices, p
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.