Diamondback said oil, natural gas and natural gas liquids revenues for Q2 2025 decreased by $0.3 billion to $3.3 billion compared with the prior quarter. The company cited a $601 million reduction from lower average prices received for its oil, natural gas and natural gas liquids production, partially offset by a $260 million increase attributable to 9% growth in combined production volumes.

1. 01

   Diamondback said oil, natural gas and natural gas liquids revenues for Q2 2025 decreased by $0.3 billion to $3.3 billion compared with the prior quarter. The company cited a $601 million reduction from lower average prices received for its oil, natural gas and natural gas liquids production, partially offset by a $260 million increase attributable to 9% growth in combined production volumes.

2. 02

   Diamondback completed the Double Eagle Acquisition on April 1, 2025 for consideration of $3.0 billion in cash and approximately 6.84 million shares of common stock. The acquisition consisted of approximately 67,700 gross (40,000 net) acres and approximately 407 gross (342 net) horizontal locations.

3. 03

   Diamondback provided 2025 annual capital budget guidance of approximately $3.40 billion to $3.60 billion, lower than its prior outlook. The company said this budget excludes the impact of Viper's pending Sitio Acquisition.

4. 04

   Diamondback said it paid dividends to stockholders of $291 million in Q2 2025 and repurchased $398 million of common stock. On July 31, 2025, the board increased the authorization for the common stock repurchase program from $6.0 billion to $8.0 billion.

Key figures

Quarter ended June 30, 2025

Revenue

$3.7B

Operating income

$1.1B

Net income

$699M

EPS

$2.38

Analysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

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

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