---
schema_version: "secwatch.filing_event.v1"
accession: "0001539838-26-000006"
form_type: "8-K"
ticker: "FANG"
cik: "0001539838"
company_name: "Diamondback Energy, Inc."
filed_at: "2026-02-23T23:59:59+00:00"
generated_at: "2026-05-16T01:08:52.650602+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Diamondback Energy Q4 FCF $1.0B, annual dividend raised 5% to $4.20, net debt down 8% QoQ

## Summary
- Average oil production 512.8 MBO/d; net cash from ops $2.3B; cash capex $943M.
- Free cash flow $1.0B; adjusted free cash flow $1.2B.
- Repurchased 2.9M shares for $434M (incl. $305M from SGF); total return $734M (62% of adj. FCF).
- Annual base dividend raised 5% to $4.20/share; Q4 dividend $1.05 payable March 12, 2026.
- Total debt $14.7B, net debt $14.6B down 8% QoQ; repurchased $203M notes at 82.3% of par; redeemed $950M term loan.

## SEC filing metadata
- accession: 0001539838-26-000006
- form_type: 8-K
- ticker: FANG
- cik: 0001539838
- company_name: Diamondback Energy, Inc.
- filed_at: 2026-02-23T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1539838/000153983826000006/0001539838-26-000006-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1539838/000153983826000006/fang-20260223.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001539838-26-000006
- JSON: https://secwatch.observer/filing/0001539838-26-000006.json
- Plain text: https://secwatch.observer/filing/0001539838-26-000006.txt

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