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Diamondback Energy / Full history

Guidance history, every release

Diamondback Energy (FANG) · 8 releases, Oct 1, 2024 to Aug 3, 2026 · rows are metrics, columns are releases
Raised · a change from the previous releaseSame · restated unchanged— · not stated in that releaseEvery value links to its sentence in the filing
MetricOct 1, 2024
FY24 Q3
Feb 24, 2025
FY24 Q4
Apr 16, 2025
FY25 Q1
Aug 4, 2025
FY25 Q2
Nov 3, 2025
FY25 Q3
Feb 23, 2026
FY25 Q4
May 4, 2026
FY26 Q1
Aug 3, 2026
FY26 Q2
For FY2026
Production and ad valorem taxes (% of revenue)—————New“~7%”Reiterated“~7%”Reiterated“~7%”
Annual oil production——————New“520+ (from 500 - 510) MBO/d”Raised“522+ (from 520+) MBO/d”
Average lateral length (Ft.)—————New“~12,900'”Reiterated“~12,900'”Reiterated“~12,900'”
Base cash dividend———————New“$1.10 per share”
Base cash dividend——————New“$1.10 per share”—
Capital expenditures——————New“$925 - $1,025”—
Capital expenditures—————New“$900 - $975”——
Capital for exploratory development in the Barnett / Woodford and multiple tests to increase oil recoveries from the existing asset base—————New“$100 - $150 million”——
Cash capital expenditures———————New“$950 - $1,050 million”
Cash capital expenditures——————New“~$3.90 billion (from ~$3.75 billion)”Reiterated“~$3.9 billion”
Cash capital expenditures——————New“$925 - $1,025 million”—
Cash capital expenditures—————New“$3.6 - $3.9 billion”——
Cash capital expenditures—————New“$900 million - $975 million”——
Cash G&A ($/BOE)—————New“$0.55 - $0.70”Reiterated“$0.55 - $0.70”—
Cash G&A ($/BOE) (Diamondback Energy, Inc.)———————New“$0.55 - $0.65 (from $0.55 - $0.70)”
Cash G&A ($/BOE) (Viper Energy, Inc.)———————New“$0.70 - $0.90”
Cash tax rate (% of pre-tax income)—————New“18% - 21%”Reiterated“18% - 21%”Raised“19% - 22% (from 18% - 21%)”
Cash taxes ($ - million)———————New“$400 - $460”
Cash taxes ($ - million)——————New“$440 - $500”—
Cash taxes ($ - million)—————New“$180 - $240”——
Contingent consideration————New“up to $200 million”———
Corporate tax rate (% of pre-tax income)——————New“23%”—
DD&A ($/BOE)—————New“$14.50 - $15.50”Lowered“$14.00 - $15.00 (from $14.50- $15.50)”—
DD&A ($/BOE) (Diamondback Energy, Inc.)———————New“$13.50 - $14.50 (from $14.00 - $15.00)”
DD&A ($/BOE) (Viper Energy, Inc.)———————New“$14.75 - $17.25”
Exploratory development capital—————New“approximately $100 - $150 million”——
Gathering, processing and transportation ($/BOE)—————New“$1.50 - $1.70”Reiterated“$1.50 - $1.70”—
Gathering, processing and transportation ($/BOE) (Diamondback Energy, Inc.)———————New“$1.40 - $1.60 (from $1.50 - $1.70)”
Interest expense (net of interest income) ($/BOE)—————New“$0.70 - $0.90”Lowered“$0.50 - $0.70 (from $0.70- $0.90)”—
Interest expense (net of interest income) ($/BOE) (Diamondback Energy, Inc.)———————New“$0.50 - $0.70”
Interest expense (net of interest income) ($/BOE) (Viper Energy, Inc.)———————New“$1.90 - $2.40”
Lease operating expenses, including workovers ($/BOE)—————New“$5.90 - $6.40”Reiterated“$5.90 - $6.40”—
Lease operating expenses, including workovers ($/BOE) (Diamondback Energy, Inc.)———————New“$5.90 - $6.40”
Net lateral feet expected to be completed—————New“5.9 - 6.3 million net lateral feet”——
Net lateral footage completed (1,000's of Ft.)—————New“5,900' - 6,300'”Raised“6,100' - 6,500' (from 5,900' - 6,300')”Reiterated“6,100' - 6,500'”
Net production - MBOE/d—————New“926 - 962”Changed“972+ ( from 926 - 962)”—
Net production - MBOE/d, Diamondback Energy, Inc.—————New“926 - 962”Changed“972+ ( from 926 - 962)”Changed“1,000+ ( from 972+)”
Net production - MBOE/d, Viper Energy, Inc.—————New“120.0 - 132.0”Narrowed“126.0 - 130.0”Raised“132.5 - 135.0”
Non-cash equity-based compensation ($/BOE)—————New“$0.20 - $0.30”Reiterated“$0.20 - $0.30”—
Non-cash equity-based compensation ($/BOE) (Diamondback Energy, Inc.)———————New“$0.20 - $0.30”
Non-cash equity-based compensation ($/BOE) (Viper Energy, Inc.)———————New“$0.10 - $0.20”
Oil production———————New“517 - 527 MBO/d (995 - 1,015 MBOE/d)”
Oil production——————New“515 - 525 MBO/d (950 - 990 MBOE/d)”—
Oil production—————New“500 - 510 MBO/d (926 - 962 MBOE/d)”——
Oil production—————New“502 - 512 MBO/d (930 - 966 MBOE/d)”——
Oil production - MBO/d—————New“500 - 510”Raised“520+ (from 500 - 510)”—
Oil production - MBO/d (total - MBOE/d)——————New“515 - 525 (950 - 990)”—
Oil production - MBO/d (total - MBOE/d)—————New“502 - 512 (930 - 966)”——
Oil production - MBO/d (total - MBOE/d) (Diamondback Energy, Inc.)———————New“517 - 527 (995 - 1,015)”
Oil production - MBO/d (total - MBOE/d) (Viper Energy, Inc.)———————New“67.5 - 68.5 (133.5 - 135.5)”
Oil production - MBO/d (total - MBOE/d), Diamondback Energy, Inc.——————New“515 - 525 (950 - 990)”—
Oil production - MBO/d (total - MBOE/d), Diamondback Energy, Inc.—————New“502 - 512 (930 - 966)”——
Oil production - MBO/d (total - MBOE/d), Viper Energy, Inc.——————New“64.0 - 65.0 (124.0 - 126.0)”—
Oil production - MBO/d (total - MBOE/d), Viper Energy, Inc.—————New“62.5 - 64.5 (124.0 - 128.0)”——
Oil production - MBO/d, Diamondback Energy, Inc.—————New“500 - 510”Raised“520+ (from 500 - 510)”Raised“522+ (from 520+)”
Oil production - MBO/d, Viper Energy, Inc.—————New“61.0 - 67.0”Narrowed“64.5 - 66.5”Raised“66.0 - 67.25”
Operated drilling and completion ($ - million)—————New“$3,050 - $3,270”——
Operated drilling and completion (Cash Capital Budget, $ - million)——————New“~$3,310 (from ~$3,160 )”Reiterated“~$3,310”
SGF share sale option—————New“up to 3.0 million shares”——
Total BOE production——————New“972+ (from 926 - 962) MBOE/d”Raised“1,000+ (from 972+) MBOE/d”
Total capital expenditures—————New“$3,600 - $3,900”Raised“~$3,900 (from ~$3,750)”—
Total capital expenditures ($ - million)—————New“$3,600 - $3,900”Raised“~$3,900 (from ~$3,750)”—
Total capital expenditures (2) ($ - million)———————New“~$3,900”
For FY2025
Production and ad valorem taxes (% of revenue)—New“~7%”—Reiterated“~7%”Reiterated“~7%”———
Annual base dividend—————New“$4.20 per share”——
Annual BOE———New“890 - 910 MBOE/d”Raised“910 - 920 MBOE/d”———
Average lateral length (Ft.)—New“~11,500'”—Reiterated“~11,500'”Reiterated“~11,500'”———
Base cash dividend—————New“$1.05 per share”——
Base cash dividend————New“$1.00 per share”———
Base cash dividend———New“$1.00 per share”————
Capital expenditures—New“$900 - $1,000”——————
Capital workovers, non-operated properties and science ($ - million)—New“$280 - $320”—Lowered“$250 - $300 (from $280 - $320)”Raised“$300 - $350 (from $250 - $300)”———
Cash capital expenditures———New“$3.4 - $3.6 billion”Narrowed“$3.45 - $3.55 billion”———
Cash capital expenditures————New“$875 - $975 million”———
Cash capital expenditures———New“$750 - $850 million”————
Cash capital expenditures—New“$3.8 - $4.2 billion”——————
Cash capital expenditures—New“$900 million - $1.0 billion”——————
Cash G&A ($/BOE)—New“$0.60 - $0.75”—Reiterated“$0.60 - $0.75”Reiterated“$0.60 - $0.75”———
Cash tax rate (% of pre-tax income)—New“17% - 20%”—Lowered“15% - 18% (from 19% - 22%)”Reiterated“15% - 18%”———
Cash taxes ($ - million)————New“$270 - $350”———
Cash taxes ($ - million)———New“$50 - $110”————
Cash taxes ($ - million)—New“$280 - $340”——————
Corporate tax rate (% of pre-tax income)—New“23%”—Reiterated“23%”Reiterated“23%”———
DD&A ($/BOE)—New“$14.00 - $15.00”—Raised“$14.50 - $15.50 (from $14.00 - $15.00)”Reiterated“$14.50 - $15.50”———
Delaware Basin completed net lateral feet (%)—New“~5%”—Reiterated“~5%”Reiterated“~5%”———
Delaware Basin well costs per lateral foot—New“$860 - $910”—Reiterated“$860 - $910”Reiterated“$860 - $910”———
Gathering, processing and transportation ($/BOE)—New“$1.20 - $1.40”—Raised“$1.60 - $1.75 (from $1.40 - $1.60)”Lowered“$1.45 - $1.60 (from $1.60 - $1.75)”———
Gross (net) wells expected to be completed—New“557 - 592 gross (526 - 560 net) wells”——————
Gross (net) wells expected to be drilled—New“446 - 471 gross (406 - 428 net) wells”——————
Gross (net) wells to be completed———New“490 - 515 gross (458 - 482 net)”————
Gross (net) wells to be drilled———New“425 - 450 gross (395 - 418 net)”————
Gross horizontal wells completed (net)———New“490 - 515 (458 - 482) (from 475 - 550 (444 - 514))”Changed“510 - 520 (471 - 481) (from 490 - 515 (458 - 482))”———
Gross horizontal wells drilled (net)———New“425 - 450 (395 - 418) (from 385 - 435 (349 - 395))”Changed“445 - 465 (412 - 430) (from 425 - 450 (395 - 418))”———
Gross wells completed (net), average lateral length————New“510 - 520 gross (471 - 481 net) wells with an average lateral length of approximately 11,500 feet”———
Horizontal wells drilled (net)———New“425 - 450 (395 - 418)”Changed“445 - 465 (412 - 430)”———
Implied full year 2025 oil production per million dollars of cash capital expenditures ("MBO per $MM of CAPEX")—New“44.8, 10% better than the Company’s original pro forma 2025 outlook provided in February 2024”——————
Implied run-rate oil production—New“490 – 505 MBO/d (891 – 920 MBOE/d)”——————
Infrastructure, environmental and midstream ($ - million)—New“$390 - $440”—Lowered“$300 - $350 (from $340 - $390)”Lowered“$225 - $250 (from $300 - $350)”———
Interest expense (net of interest income) ($/BOE)—New“$0.25 - $0.50”—Raised“$0.60 - $0.80 (from $0.40 - $0.65)”Reiterated“$0.60 - $0.80”———
Lease operating expenses, including workovers ($/BOE)—New“$5.90 - $6.30”—Lowered“$5.30 - $5.70 (from $5.65 - $6.05)”Narrowed“$5.40 - $5.70 (from $5.30 - $5.70)”———
MBO per $MM of CAPEX———New“50.9”————
Midland Basin completed net lateral feet (%)—New“~95%”—Reiterated“~95%”Reiterated“~95%”———
Midland Basin well costs per lateral foot—New“$555 - $605”—Changed“$550 - $580 ( from $550 - $590)”Changed“$550 - $580”———
Midland Basin well costs per lateral foot—New“$555 - $605”——————
Net production - MBOE/d—New“883 - 909”—Raised“890 - 910 (from 857 - 900)”Raised“910 - 920 (from 890 - 910)”———
Net production - MBOE/d, Diamondback Energy, Inc.———New“890 - 910 (from 857 - 900)”Raised“910 - 920 (from 890 - 910)”———
Net production - MBOE/d, Viper Energy, Inc.———New“76.5 - 81.5”Raised“92.8 - 93.5”———
Non-cash equity-based compensation ($/BOE)—New“$0.25 - $0.35”—Reiterated“$0.25 - $0.35”Reiterated“$0.25 - $0.35”———
Oil production———New“485 - 492 MBO/d”Raised“495 - 498 MBO/d”———
Oil production————New“505 - 515 MBO/d (927 - 963 MBOE/d)”———
Oil production———New“485 - 495 MBO/d (890 - 920 MBOE/d)”————
Oil production—New“485 - 498 MBO/d (883 - 909 MBOE/d)”——————
Oil production—New“470 - 475 MBO/d ( 860 - 875 MBOE/d)”——————
Oil production - MBO/d—New“485 - 498”—Narrowed“485 - 492 (from 480 - 495)”Raised“495 - 498 (from 485 - 492)”———
Oil production - MBO/d (total - MBOE/d)————New“505 - 515 (927 - 963)”———
Oil production - MBO/d (total - MBOE/d)———New“485 - 495 (890 - 920)”————
Oil production - MBO/d (total - MBOE/d)—New“470 - 475 (860 - 875)”——————
Oil production - MBO/d (total - MBOE/d), Diamondback Energy, Inc.————New“505 - 515 (927 - 963)”———
Oil production - MBO/d (total - MBOE/d), Diamondback Energy, Inc.———New“485 - 495 (890 - 920)”————
Oil production - MBO/d (total - MBOE/d), Diamondback Energy, Inc.—New“470 - 475 (860 - 875)”——————
Oil production - MBO/d (total - MBOE/d), Viper Energy, Inc.————New“65.0 - 67.0 (124.0 - 128.0)”———
Oil production - MBO/d (total - MBOE/d), Viper Energy, Inc.———New“46.0 - 49.0 (86.0 - 92.0)”————
Oil production - MBO/d (total - MBOE/d), Viper Energy, Inc.—New“30.0 - 31.0 (54.0 - 56.0)”——————
Oil production - MBO/d, Diamondback Energy, Inc.———New“485 - 492 (from 480 - 495)”Raised“495 - 498 (from 485 - 492)”———
Oil production - MBO/d, Viper Energy, Inc.———New“41.0 - 43.5”Raised“48.8 - 49.0”———
Operated drilling and completion ($ - million)—New“$3,130 - $3,440”—Lowered“$2,850 - $2,950 (from $2,780 - $3,090)”————
Operated drilling and completion (Capital Budget, $ - million)————New“$2,925 - $2,950 (from $2,850 - $2,950)”———
Total capital expenditures—New“$3,800 - $4,200”—Lowered“$3,400 - $3,600 (from $3,400 - $3,800)”Narrowed“$3,450 - $3,550 (from $3,400 - $3,600)”———
Wells completed—New“between 557 - 592 gross (526 - 560 net)”—Changed“between 490 - 515 gross (458 - 482 net)”Changed“between 510 - 520 gross (471 - 481 net)”———
For FY2024
Annual base dividend—New“$4.00 per share”——————
Base cash dividend—New“$1.00 per share”——————
Cash CAPEXNew“$675 – $700 million”———————
Oil productionNew“319 – 321 MBO/d (565 – 569 MBOE/d)”———————
No period stated
Production and ad valorem taxes (% of revenue), Diamondback Energy, Inc.—————New“~7%”——
Cash G&A—New“$0.60 - $0.75”——————
Cash G&A, Diamondback Energy, Inc.———New“$0.60 - $0.75”Reiterated“$0.60 - $0.75”Lowered“$0.55 - $0.70”Reiterated“$0.55 - $0.70”—
Cash G&A, Viper Energy, Inc.———New“$0.80 - $1.00”Reiterated“$0.80 - $1.00”Lowered“$0.70 - $0.90”Reiterated“$0.70 - $0.90”—
DD&A, Diamondback Energy, Inc.———New“$14.50 - $15.50 (from $14.00 - $15.00)”Reiterated“$14.50 - $15.50”Reiterated“$14.50 - $15.50”Lowered“$14.00 - $15.00 (from $14.50- $15.50)”—
DD&A, Viper Energy, Inc.———New“$16.50 - $17.50”Narrowed“$16.75 - $17.25”Raised“$17.50 - $19.50”Lowered“$16.25 - $18.25”—
Gathering, processing and transportation—New“$1.20 - $1.40”—Raised“$1.60 - $1.75”Lowered“$1.45 - $1.60 (from $1.60 - $1.75)”Raised“$1.50 - $1.70”Reiterated“$1.50 - $1.70”—
Horizontal wells completed (net)—New“557 - 592 (526 - 560)”—Changed“490 - 515 (458 - 482) (from 475 - 550 (444 - 514))”Changed“510 - 520 (471 - 481) (from 490 - 515 (458 - 482))”———
Interest expense (net of interest income)—New“$0.25 - $0.50”——————
Interest expense (net of interest income), Diamondback Energy, Inc.———New“$0.60 - $0.80 (from $0.40 - $0.65)”Reiterated“$0.60 - $0.80”Raised“$0.70 - $0.90”Lowered“$0.50 - $0.70 (from $0.70- $0.90)”—
Interest expense (net of interest income), Viper Energy, Inc.———New“$2.00 - $2.50”Raised“$2.50 - $3.00”Lowered“$1.90 - $2.40”Reiterated“$1.90 - $2.40”—
Lease operating expenses, including workovers—New“$5.90 - $6.30”—Lowered“$5.30 - $5.70 (from $5.65 - $6.05)”Narrowed“$5.40 - $5.70 (from $5.30 - $5.70)”Raised“$5.90 - $6.40”Reiterated“$5.90 - $6.40”—
Non-cash equity-based compensation—New“$0.25 - $0.35”——————
Non-cash equity-based compensation, Diamondback Energy, Inc.———New“$0.25 - $0.35”Reiterated“$0.25 - $0.35”Lowered“$0.20 - $0.30”Reiterated“$0.20 - $0.30”—
Non-cash equity-based compensation, Viper Energy, Inc.———New“$0.10 - $0.20”Reiterated“$0.10 - $0.20”Reiterated“$0.10 - $0.20”Reiterated“$0.10 - $0.20”—
Operated drilling and completion—————New“$3,050 - $3,270”Raised“~$3,310 (from ~$3,160 )”—
Pre-tax income attributable to the Company ($ - million), Diamondback Energy, Inc.—————New“$180 - $240”——
Pre-tax income attributable to the Company ($ - million), Viper Energy, Inc.—————New“$17.0 - $23.0”——
Remaining share buyback authorization—New“approximately $2.5 billion”——————
Remaining share repurchase authorization—————New“$2.3 billion”——
Remaining share repurchase availability———————New“approximately $9.9 billion”
Return of capital commitment————New“at least 50% of Adjusted Free Cash Flow”———
Return of capital commitment (% of Adjusted Free Cash Flow)—————New“at least 50% of Adjusted Free Cash Flow”——
Share repurchase authorization———New“$8.0 billion”———Raised“$16.0 billion (excluding excise tax)”
Share repurchase program outlook———————New“expects to continue repurchases opportunistically using cash on hand, free cash flow and potential asset sale proceeds”
Values in quotation marks are the company’s words. Change labels compare each statement with the same metric and target year in the previous release. HighGravityData does not judge whether guidance was met.