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
Total capital expenditures ($ - million)
“$3,600 - $3,900”
Period
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 - $975”
Average lateral length (Ft.) for FY2026
“~12,900'”
Net lateral footage completed (1,000's of Ft.) for FY2026
“5,900' - 6,300'”
Return of capital commitment (% of Adjusted …
“at least 50% of Adjusted Free Cash Flow”
Exhibit 99.1 · the passage around this item
… earlier in the release
2026 Net production - MBOE/d 926 - 962 120.0 - 132.0 2026 Oil production - MBO/d 500 - 510 61.0 - 67.0 Q1 2026 Oil production - MBO/d (total - MBOE/d) 502 - 512 (930 - 966) 62.5 - 64.5 (124.0 - 128.0) Unit costs ($/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, pace of and costs of developing, producing and operating our interests in oil and natural gas properties, future changes in interest rates and various other business factors impacting our financial results. (2) Excludes tax impact from Viper's asset divestitures closed in the first quarter of 2026. (3) Includes non-operated drilling and completion, capital workovers, science, infrastructure, midstream and environmental. CONFERENCE CALL Diamondback will host a conference call and webcast for investors and analysts to discuss its results for the fourth quarter of 2025 on Tuesday, February 24, 2026 at 8:00 a.m. CT. Access to the webcast, and replay which will be available following the call, may be found here. The live webcas
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.