Diamondback Energy (FANG) FY2025 10-K Annual Report

Filed: Feb 25, 2026
Energy
Crude Petroleum & Natural GasSEC EDGAR

Diamondback Energy (FANG) 10-K annual report for fiscal year 2025, filed with SEC EDGAR on Feb 25, 2026. This page provides AI-powered analysis including business overview, management discussion & analysis (MD&A), risk factors, and key financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE) extracted from XBRL.

Diamondback Energy FY2025 10-K Analysis

Business Overview

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Management Discussion & Analysis

  • Total production 336,178 MBOE in 2025 vs 218,972 MBOE in 2024 (+53% YoY); avg realized price $40.02/BOE vs $46.12/BOE (-13% YoY)
  • Cash operating costs $10.23/BOE in 2025 vs $11.09/BOE in 2024; DD&A rose to $14.99/BOE vs $13.02/BOE
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Risk Factors

  • Impairment of $3.7B recorded in 2025 under full cost ceiling method, triggered by declining oil prices (avg $64.04/Bbl vs $73.52 in 2024)
  • Permian Basin-only operations create single-geography concentration risk; all 336,178 MBOE 2025 production from one region
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Diamondback Energy FY2025 Key Financial Metrics
XBRL

Revenue

$15.0B

+35.8% YoY

Net Income

$1.7B

-50.1% YoY

Operating Margin

8.4%

-3130bp YoY

Net Margin

11.1%

-1909bp YoY

ROE

4.5%

-434bp YoY

Total Assets

$71.1B

+5.6% YoY

EPS (Diluted)

$5.73

-63.1% YoY

Operating Cash Flow

$8.8B

+36.6% YoY

Source: XBRL data from Diamondback Energy FY2025 10-K filing on SEC EDGAR. All figures in USD.

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