---
schema_version: "secwatch.filing_event.v1"
accession: "0001539838-25-000063"
form_type: "8-K"
ticker: "FANG"
cik: "0001539838"
company_name: "Diamondback Energy, Inc."
filed_at: "2025-05-05T23:59:59+00:00"
generated_at: "2026-05-22T17:18:06.730863+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Diamondback Q1 EPS $4.83; cuts FY25 capex to $3.4-3.8B, lowers oil output guidance

## Summary
- Net income $1.4B ($4.83/diluted EPS); adjusted EPS $4.54. Net cash from ops $2.4B.
- Updated guidance: FY25 oil 480-495 MBO/d (down from 485-498); capex $3.4-3.8B (down from $3.8-4.2B).
- Declared Q1 base dividend $1.00/share, payable May 22; repurchased ~3.7M shares for $575M in Q1.
- Closed Double Eagle acquisition Apr 1 and Viper dropdown May 1; total debt $14.1B, net debt $12.3B.
- Reducing activity due to commodity price weakness; Q2 capex $800-900M.

## SEC filing metadata
- accession: 0001539838-25-000063
- form_type: 8-K
- ticker: FANG
- cik: 0001539838
- company_name: Diamondback Energy, Inc.
- filed_at: 2025-05-05T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1539838/000153983825000063/0001539838-25-000063-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1539838/000153983825000063/fang-20250505.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001539838-25-000063
- JSON: https://secwatch.observer/filing/0001539838-25-000063.json
- Plain text: https://secwatch.observer/filing/0001539838-25-000063.txt

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