AI English summary of an SEC filing — figures as filed
Diamondback Energy FANGDiamondback Energy entered into a letter agreement with SGF FANG Holdings, LP (SGF) as of November 28, 2025, which provides SGF with the right, but not the obligation, to sell up to 3,000,000 shares of Diamondback common stock to the company per calendar quarter through December 31, 2026 at the most recent NASDAQ closing price.
Key points
AI summaryDiamondback Energy entered into a letter agreement with SGF FANG Holdings, LP (SGF) as of November 28, 2025, which provides SGF with the right, but not the obligation, to sell up to 3,000,000 shares of Diamondback common stock to the company per calendar quarter through December 31, 2026 at the most recent NASDAQ closing price.
The company said on November 28, 2025 it agreed to repurchase 2,000,000 shares of common stock held by SGF at the most recent NASDAQ closing price of $152.59 per share.
Diamondback said that including 2,000,000 shares from SGF, it has repurchased a total of 2,886,280 shares since September 30, 2025 through the filing of this Current Report for $432 million, with approximately $2.7 billion remaining available under its $8 billion share repurchase authorization, in each case excluding excise tax.
The company said repurchases under the letter agreement are pursuant to its existing share repurchase program and have been approved by the audit committee of Diamondback's Board of Directors. It added the letter agreement does not affect SGF's ability to dispose of its Diamondback shares through other means, including registered offerings and open market sales, to the extent permitted under its stockholder agreement with the company.
Summary
AI-writtenAnalysis scope · Filing bodyWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.
Letter Agreement with SGF
Diamondback Energy entered into a letter agreement with SGF FANG Holdings, LP (SGF) as of November 28, 2025, which provides SGF with the right, but not the obligation, to sell up to 3,000,000 shares of Diamondback common stock to the company per calendar quarter through December 31, 2026 at the most recent NASDAQ closing price.
Source · Based on the filing body and exhibits
Repurchase of 2,000,000 Shares Held by SGF
The company said on November 28, 2025 it agreed to repurchase 2,000,000 shares of common stock held by SGF at the most recent NASDAQ closing price of $152.59 per share.
Source · Based on the filing body and exhibits
Cumulative Share Repurchases and Remaining Authorization
Diamondback said that including 2,000,000 shares from SGF, it has repurchased a total of 2,886,280 shares since September 30, 2025 through the filing of this Current Report for $432 million, with approximately $2.7 billion remaining available under its $8 billion share repurchase authorization, in each case excluding excise tax.
Source · Based on the filing body and exhibits
Approval and SGF's Other Disposition Methods
The company said repurchases under the letter agreement are pursuant to its existing share repurchase program and have been approved by the audit committee of Diamondback's Board of Directors. It added the letter agreement does not affect SGF's ability to dispose of its Diamondback shares through other means, including registered offerings and open market sales, to the extent permitted under its stockholder agreement with the company.
Source · Based on the filing body and exhibits
AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.
Original filing
The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.
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