News & Events

Results of Operations and Financial Condition. On May 4, 2026, Diamondback Energy, Inc. (the “Company”) issued a press release announcing financial and operating results for the first quarter ended March 31, 2026, including the first quarter 2026 base cash dividend and an increase in the annual base dividend and production guidance (the “earnings release”). A copy of the earnings release is furnished to the Securities and Exchange Commission (the “SEC”) as Exhibit 99.1 to this Current Report…

certain information for the quarter ended March 31, 2026 regarding its realized prices, derivative activity and weighted average basic and diluted shares outstanding. Realized Prices First quarter 2026 average unhedged realized prices were $73.47 per barrel of oil, $0.18 per Mcf of natural gas and $16.68 per barrel of natural gas liquids (“NGLs”). First quarter 2026 average realized hedged prices were $72.53 per barrel of oil, $1.90 per Mcf of natural gas and $16.68 per barrel of NGLs. Averag…

Other Events. On April 13, 2026, Diamondback Energy, Inc. (“Diamondback”) announced the final tender results of its previously announced tender offers (the “Offers”) to purchase for cash any and all of Diamondback’s outstanding 4.400% Senior Notes due 2051 (the “2051 Notes”) and 4.250% Senior Notes due 2052 (together with the 2051 Notes, the “Notes”) from holders of each series of the Notes. The Offers expired at 5:00 p.m., New York City time, on April 10, 2026. The Company issued (i) a press…

Other Events. On April 6, 2026, Diamondback Energy, Inc. (“Diamondback”) issued a press release announcing that it has commenced tender offers to purchase for cash any and all of Diamondback’s outstanding 4.400% Senior Notes due 2051 (the “2051 Notes”) and 4.250% Senior Notes due 2052 (together with the 2051 Notes, the “Notes”) from holders of each series of the Notes. A copy of the press release is attached as Exhibit 99.1 hereto and incorporated by reference herein.

Entry into a Material Definitive Agreement. On March 10, 2026, Diamondback Energy, Inc. (the “ Company ”) entered into an underwriting agreement (the “ Underwriting Agreement ”) with SGF FANG Holdings, LP (the “ Selling Stockholder ”) and Evercore Group L.L.C., Citigroup Global Markets Inc. and J.P. Morgan Securities LLC, as representatives of the several underwriters named therein (the “ Underwriters ”), pursuant to which, among other things, the Selling Stockholder agreed to sell to the Und…

Results of Operations and Financial Condition. On February 23, 2026, Diamondback Energy, Inc. (the “Company”) issued a press release announcing financial and operating results for the fourth quarter and full year ended December 31, 2025, including the fourth quarter 2025 base cash dividend and an increase in the annual base dividend (the “earnings release”). A copy of the earnings release is furnished to the Securities and Exchange Commission (the “SEC”) as Exhibit 99.1 to this Current Report…

certain information for the quarter ended December 31, 2025 regarding its realized prices, derivative activity and weighted average basic and diluted shares outstanding. Realized Prices Fourth quarter 2025 average unhedged realized prices were $58.00 per barrel of oil, $0.03 per Mcf of natural gas and $13.51 per barrel of natural gas liquids (“NGLs”). Fourth quarter 2025 average realized hedged prices were $57.07 per barrel of oil, $1.03 per Mcf of natural gas and $13.51 per barrel of NGLs. A…

Other Events. Diamondback Energy, Inc. (“Diamondback”) has entered into a letter agreement with SGF FANG Holdings, LP (“SGF”), dated 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 Diamondback per calendar quarter through December 31, 2026 at the most recent NASDAQ closing price prior to any such transaction, subject to certain terms and conditions set forth in the letter agreement. Pursuant to the let…

certain information for the quarter ended September 30, 2025 regarding its derivative activity, realized prices, and weighted average basic and diluted shares outstanding. Realized Prices Third quarter 2025 average unhedged realized prices were $64.60 per barrel of oil, $0.75 per Mcf of natural gas and $17.28 per barrel of natural gas liquids (“NGLs”). Third quarter 2025 average realized hedged prices were $63.70 per barrel of oil, $1.75 per Mcf of natural gas and $17.28 per barrel of NGLs. A…

certain information for the quarter ended June 30, 2025 regarding its derivative activity, realized prices, and weighted average basic and diluted shares outstanding. Realized Prices Second quarter 2025 average unhedged realized prices were $63.23 per barrel of oil, $0.88 per Mcf of natural gas and $18.13 per barrel of natural gas liquids (“NGLs”). Second quarter 2025 average realized hedged prices were $62.34 per barrel of oil, $1.45 per Mcf of natural gas and $18.13 per barrel of NGLs. Aver…

Other Events. On June 2, 2025, Viper Energy, Inc. (“Viper”), a Delaware corporation and a subsidiary of Diamondback Energy, Inc. (“Diamondback”), entered into an Agreement and Plan of Merger (the “Merger Agreement”) with Sitio Royalties Corp., a Delaware corporation (“Sitio”), and certain other parties, pursuant to which Viper will acquire Sitio in an all-equity transaction valued at approximately $4.1 billion (including Sitio’s net debt of approximately $1.1 billion as of March 31, 2025). Th…

above, on May 21, 2025, the Company held the 2025 Annual Meeting at the Petroleum Club of Midland at 501 West Wall Street, Midland, Texas 79701. At the 2025 Annual Meeting, the Company’s stockholders voted on four proposals, each of which is described in more detail in the 2025 Proxy Statement. The following is a brief description of each matter voted upon and the results of such voting, including the number of votes cast for each matter and the number of votes cast against, abstentions and b…

certain information for the quarter ended December 31, 2024 regarding its derivative activity, realized prices, and weighted average basic and diluted shares outstanding. Realized Prices Fourth quarter 2024 average unhedged realized prices were $69.48 per barrel of oil, $0.48 per Mcf of natural gas and $19.27 per barrel of natural gas liquids (“NGLs”). Fourth quarter 2024 average realized hedged prices were $68.72 per barrel of oil, $0.82 per Mcf of natural gas and $19.27 per barrel of NGLs.…

certain information for the quarter ended September 30, 2024 regarding its derivative activity, realized prices, and weighted average basic and diluted shares outstanding. Realized Prices Third quarter 2024 average unhedged realized prices were $73.13 per barrel of oil, $(0.26) per Mcf of natural gas and $17.70 per barrel of natural gas liquids (“NGLs”). Third quarter 2024 average realized hedged prices were $72.32 per barrel of oil, $0.60 per Mcf of natural gas and $17.70 per barrel of NGLs.…

certain information for the quarter ended June 30, 2024 regarding its derivative activity, realized prices, and weighted average basic and diluted shares outstanding. Realized Prices Second quarter 2024 average unhedged realized prices were $79.51 per barrel of oil, $0.10 per Mcf of natural gas and $17.97 per barrel of natural gas liquids (“NGLs”). Second quarter 2024 average realized hedged prices were $78.55 per barrel of oil, $1.03 per Mcf of natural gas and $17.97 per barrel of NGLs. Aver…

of Form 8-K under the Exchange Act or (ii) a restatement of any such financial statement is required. A-1-67 TABLE OF CONTENTS Section 5.21 Viper . Notwithstanding anything in this Agreement to the contrary, the obligations of Parent and its Subsidiaries under this Agreement to take an action or not to take an action shall only apply with respect to Viper and its Subsidiaries to the extent (A) permitted by the Organizational Documents of Viper and its Subsidiaries, (B) Parent is authorized an…

certain information for the quarter ended March 31, 2024 regarding its derivative activity, realized prices, and weighted average basic and diluted shares outstanding. Realized Prices First quarter 2024 average unhedged realized prices were $75.06 per barrel of oil, $0.99 per Mcf of natural gas and $21.26 per barrel of natural gas liquids (“NGLs”). First quarter 2024 average realized hedged prices were $74.13 per barrel of oil, $1.36 per Mcf of natural gas and $21.26 per barrel of NGLs. Avera…

of Form 8-K under the Exchange Act or (ii) a restatement of any such financial statement is required. Section 5.21 Viper . N otwithstanding anything in this Agreement to the contrary, the obligations of Parent and its Subsidiaries under this Agreement to take an action or not to take an action shall only apply with respect to Viper and its Subsidiaries to the extent (A) permitted by the Organizational Documents of Viper and its Subsidiaries, (B) Parent is authorized and empowered to bind Vipe…

certain information for the quarter ended December 31, 2023 regarding its derivative activity, realized prices, and weighted average basic and diluted shares outstanding. Realized Prices Fourth quarter 2023 average unhedged realized prices were $76.42 per barrel of oil, $1.29 per Mcf of natural gas and $19.96 per barrel of natural gas liquids (“NGLs”). Fourth quarter 2023 average realized hedged prices were $75.59 per barrel of oil, $1.31 per Mcf of natural gas and $19.96 per barrel of NGLs.…

certain information for the quarter ended September 30, 2023 regarding its derivative activity, realized prices, and weighted average basic and diluted shares outstanding. Realized Prices Third quarter 2023 average unhedged realized prices were $81.57 per barrel of oil, $1.62 per Mcf of natural gas and $21.02 per barrel of natural gas liquids (“NGLs”). Third quarter 2023 average realized hedged prices were $80.51 per barrel of oil, $1.62 per Mcf of natural gas and $21.02 per barrel of NGLs. A…

certain information for the quarter ended June 30, 2023 regarding its derivative activity, realized prices, and weighted average basic and diluted shares outstanding. Realized Prices Second quarter 2023 average unhedged realized prices were $71.33 per barrel of oil, $0.94 per Mcf of natural gas and $16.42 per barrel of natural gas liquids ("NGLs"), resulting in a total equivalent unhedged realized price of $46.31 per BOE. Second quarter 2023 average realized hedged prices were $70.41 per barr…

certain information for the quarter ended March 31, 2023 regarding its derivative activity, realized prices, and weighted average basic and diluted shares outstanding. Realized Prices First quarter 2023 average unhedged realized prices were $73.11 per barrel of oil, $1.46 per Mcf of natural gas and $23.16 per barrel of natural gas liquids ("NGLs"), resulting in a total equivalent unhedged realized price of $49.72 per BOE. First quarter 2023 average realized hedged prices were $72.05 per barre…

Results of Operations and Financial Condition. Derivative Activity During the first quarter of 2022, the Company paid $420 million in net cash settlements for its commodity derivative contracts which included $285 million in settlements for matured commodity derivatives contracts and $135 million related to the termination of certain commodity derivative positions prior to their contractual maturities. These estimates have been derived from the Company’s preliminary financial results which ar…

Termination of a Material Definitive Agreement. Diamondback Energy, Inc., a Delaware corporation (the “ Company ”), previously announced (i) the delivery of the notice of conditional redemption of the principal amount of $500 million of the Company’s 4.750% Senior Notes due 2025 (the “ 2025 Notes ”), which constitutes all of the outstanding 2025 Notes, and (ii) the delivery of the notice of conditional redemption of the principal amount of $1.000 billion of the Company’s 2.875% Senior Notes d…