Diamondback Energy Inc
For the period ended Mar 31, 2025. Filed May 7, 2025.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2025 · Filed May 7, 2025
FANG$178.08-0.1%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Condensed Consolidated Balance Sheets
| Diamondback Energy, Inc. and Subsidiaries | ||
|---|---|---|
| Condensed Consolidated Balance Sheets | ||
| (Unaudited) | ||
| March 31, | December 31, | |
| 2025 | 2024 | |
| (In millions, except par values and share data) | ||
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents ($560 million and $27 million related to Viper) | $1,816 | $161 |
| Restricted cash | 225 | 3 |
| Accounts receivable: | ||
| Joint interest and other, net | 257 | 198 |
| Oil and natural gas sales, net ($146 million and $149 million related to Viper) | 1,334 | 1,387 |
| Inventories | 117 | 116 |
| Derivative instruments | 267 | 168 |
| Prepaid expenses and other current assets | 67 | 77 |
| Total current assets | 4,083 | 2,110 |
| Property and equipment: | ||
| Oil and natural gas properties, full cost method of accounting ($22,019 million and $22,666 million excluded from amortization at March 31, 2025 and December 31, 2024, respectively) ($6,097 million and $5,713 million related to Viper and $2,279 million and $2,180 million excluded from amortization related to Viper) | 83,727 | 82,240 |
| Other property, equipment and land | 1,452 | 1,440 |
| Accumulated depletion, depreciation, amortization and impairment ($1,148 million and $1,081 million related to Viper) | (20,283) | (19,208) |
| Property and equipment, net | 64,896 | 64,472 |
| Funds held in escrow | 208 | 1 |
| Equity method investments | 383 | 375 |
| Derivative instruments | 61 | 2 |
| Deferred income taxes, net ($249 million and $185 million related to Viper) | 235 | 173 |
| Other assets | 200 | 159 |
| Total assets | $70,066 | $67,292 |
| Liabilities and Stockholders’ Equity | ||
| Current liabilities: | ||
| Accounts payable - trade | $124 | $253 |
| Accrued capital expenditures | 754 | 690 |
| Current maturities of debt | 914 | 900 |
| Other accrued liabilities | 761 | 1,020 |
| Revenues and royalties payable | 1,575 | 1,491 |
| Derivative instruments | 75 | 43 |
| Income taxes payable | 550 | 414 |
| Total current liabilities | 4,753 | 4,811 |
| Long-term debt ($822 million and $1,083 million related to Viper) | 12,996 | 12,075 |
| Derivative instruments | 93 | 106 |
| Asset retirement obligations | 586 | 573 |
| Deferred income taxes | 9,887 | 9,826 |
| Other long-term liabilities | 8 | 39 |
| Total liabilities | 28,323 | 27,430 |
| Commitments and contingencies (Note 16) | ||
| Stockholders’ equity: | ||
| Common stock, $0.01 par value; 800,000,000 shares authorized; 287,287,926 and 290,984,373 shares issued and outstanding at March 31, 2025 and December 31, 2024, respectively | 3 | 3 |
| Additional paid-in capital | 33,125 | 33,501 |
| Retained earnings (accumulated deficit) | 5,352 | 4,238 |
| Accumulated other comprehensive income (loss) | (7) | (6) |
| Total Diamondback Energy, Inc. stockholders’ equity | 38,473 | 37,736 |
| Non-controlling interest | 3,270 | 2,126 |
| Total equity | 41,743 | 39,862 |
| Total liabilities and stockholders' equity | $70,066 | $67,292 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.