Diamondback Energy, Inc.
For the period ended Dec 31, 2025. Filed Feb 25, 2026.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2025 · Filed Feb 25, 2026
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
Glossary of Certain Other Termsiv
GLOSSARY OF CERTAIN OTHER TERMS
The following is a glossary of certain other terms that are used in this Annual Report:
| Adjusted Free Cash Flow | A non-GAAP financial measure calculated as cash flow from operating activities before changes in working capital in excess of cash capital expenditures and further adjusted for the tax impact from divestitures, merger and transaction expenses, costs of early terminations of derivatives and settlements of any treasury locks. |
|---|---|
| April 2024 Notes | The outstanding senior notes issued by Diamondback Energy, Inc. under indentures where Diamondback E&P is the sole guarantor, consisting of the 5.200% Senior Notes due 2027, 5.150% Senior Notes due 2030, 5.400% Senior Notes due 2034, 5.750% Senior Notes due 2054 and 5.900% Senior Notes due 2064. |
| ASU | Accounting Standards Update. |
| Company | Diamondback Energy, Inc., a Delaware corporation, together with its subsidiaries. |
| Diamondback E&P | Diamondback E&P LLC, a Delaware limited liability company and a wholly owned subsidiary of the Company. |
| Dodd-Frank Act | Dodd-Frank Wall Street Reform and Consumer Protection Act (HR 4173). |
| Endeavor Acquisition | The acquisition of Endeavor Parent, LLC. |
| EPA | United States Environmental Protection Agency. |
| Equity Plan | The Company’s 2021 Amended and Restated Equity Incentive Plan. |
| Exchange Act | The Securities Exchange Act of 1934, as amended. |
| FASB | Financial Accounting Standards Board. |
| FERC | Federal Energy Regulatory Commission. |
| GAAP | Accounting principles generally accepted in the United States. |
| Nasdaq | The Nasdaq Global Select Market. |
| NYMEX | New York Mercantile Exchange. |
| OPEC | Organization of the Petroleum Exporting Countries. |
| OSHA | Federal Occupational Safety and Health Act. |
| Rattler | Rattler Midstream LP, a Delaware limited partnership and a wholly owned subsidiary of the Company since 2022. |
| Rattler LLC | Rattler Midstream Operating LLC, a Delaware limited liability company and a wholly owned subsidiary of the Company since 2022. |
| Ryder Scott | Ryder Scott Company, L.P. |
| SEC | United States Securities and Exchange Commission. |
| SEC Prices | Unweighted arithmetic average of the first-day-of-the-month price for each month during the 12-month period prior to the ending date of the period covered by this report. |
| Securities Act | The Securities Act of 1933, as amended. |
| Tranche A Loans | The term loan credit agreement with Diamondback Energy, Inc., as guarantor, with Diamondback E&P, as borrower, and Citibank, N.A., as administrative agent. |
| Guaranteed Senior Notes | The outstanding senior notes issued by Diamondback Energy, Inc. under indentures where Diamondback E&P is the sole guarantor, consisting of the April 2024 Notes, 3.250% Senior Notes due 2026, 3.500% Senior Notes due 2029, 3.125% Senior Notes due 2031, 6.250% Senior Notes due 2033, 5.550% Senior Notes due 2035, 4.400% Senior Notes due 2051, 4.250% Senior Notes due 2052, and 6.250% Senior Notes due 2053. |
| SOFR | The secured overnight financing rate. |
| TSR | Total stockholder return of the Company’s common stock. |
| Viper | (i) New Viper following the Sitio Acquisition, (ii) Former Viper prior to the Sitio Acquisition but after the Viper Conversion, and (iii) Viper Energy Partners LP prior to the Viper Conversion (each term as defined in Note 1—Description of the Business and Basis of Presentation in Item 8. Financial Statements and Supplementary Data of this report). |
| Viper LLC | Prior to December 23, 2025, Viper Energy Partners LLC, a Delaware limited liability company and a subsidiary of Viper Energy, Inc. and after December 23, 2025, VNOM Holding Company LLC, a Delaware limited liability company and a consolidated subsidiary of Viper Energy, Inc. |
| Viper Notes | The senior notes issued by Viper Energy, Inc. under indentures where Viper Energy Partners, LLC and other subsidiaries were guarantors, consisting of the 5.375% Senior Notes due 2027 and the 7.375% Senior Notes due 2031, and which were redeemed on November 1, 2025 and July 23, 2025, respectively. |
| Wells Fargo | Wells Fargo Bank, National Association. |
iv
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.