---
schema_version: "secwatch.filing_event.v1"
accession: "0001539838-25-000058"
form_type: "8-K"
ticker: "FANG"
cik: "0001539838"
company_name: "Diamondback Energy, Inc."
filed_at: "2025-04-16T23:59:59+00:00"
generated_at: "2026-05-23T13:23:45.003156+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Diamondback Q1 ops: avg prod 475.9 MBO/d, warns of activity cuts if low prices persist

## Summary
- Q1 2025 average production 475.9 MBO/d (850.7 MBOE/d); unhedged oil price $70.95/bbl.
- Cash capex $942M; repurchased 3.66M shares for $575M in Q1 at avg $157.15/share.
- Net gain on derivatives $226M including $85M cash settlement gain; Q2 YTD repurchased 1.56M shares for $200M.
- Company warns it may reduce activity to maximize FCF if low commodity prices persist or worsen.
- Weighted average diluted shares 289.6M in Q1; ~293M shares outstanding after Double Eagle close and Q2 repurchases.

## SEC filing metadata
- accession: 0001539838-25-000058
- form_type: 8-K
- ticker: FANG
- cik: 0001539838
- company_name: Diamondback Energy, Inc.
- filed_at: 2025-04-16T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1539838/000153983825000058/0001539838-25-000058-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1539838/000153983825000058/fang-20250416.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001539838-25-000058
- JSON: https://secwatch.observer/filing/0001539838-25-000058.json
- Plain text: https://secwatch.observer/filing/0001539838-25-000058.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.