Diamondback Energy Inc 2025年季度报告

FORM10-Q ☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHACT OF 1934 For the quarterly period endedSeptember30, 2025or ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHACT OF 1934 Commission File Number001-35700 Diamondback Energy, Inc. (Exact name of registrant as specified in its charter) 45-4502447 (I.R.S. Employer Identification No.) Indicate by check mark whether the registrant: (1)has filed all reports required to be filed by Section13 or 15(d) of the Securities Exchange Act of 1934 duringthe preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2)has been subject to such filing requirements forthe past 90 days.Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 ofRegulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit suchfiles).Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or anemerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company”in Rule 12b-2 of the Exchange Act. Large accelerated filer☒Non-accelerated filer☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new orrevised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).Yes☐No☒ As of October31, 2025, the registrant had286,525,614shares of common stock outstanding. DIAMONDBACK ENERGY, INC.FORM 10-QFOR THE QUARTER ENDED SEPTEMBER30, 2025TABLE OF CONTENTSPageGlossary of Oil and Natural Gas TermsiiGlossary of Certain Other TermsivCautionary Statement Regarding Forward-Looking StatementsvPART I. FINANCIAL INFORMATIONItem 1. Financial Statements1Condensed Consolidated Balance Sheets1Condensed Consolidated Statements of Operations2Condensed Consolidated Statements of Stockholders’ Equity3Condensed Consolidated Statements of Cash Flows5Notes to the Condensed Consolidated Financial Statements61. Description of the Business and Basis of Presentation62. Summary of Significant Accounting Policies73. Revenue from Contracts with Customers84. Acquisitions and Divestitures95. Endeavor Energy Resources, LP Acquisition136. Property and Equipment157. Asset Retirement Obligations168. Related Party Transactions169. Debt1810. Stockholders’ Equity and Earnings (Loss) Per Share2211. Equity-Based Compensation2412. Income Taxes2613. Derivatives2614. Fair Value Measurements2915. Supplemental Information To Statements of Cash Flows3116. Commitments and Contingencies3117. Subsequent Events3218. Segment Information33Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations34Item 3. Quantitative and Qualitative Disclosures About Market Risk52Item 4. Controls and Procedures54PART II. OTHER INFORMATIONItem 1. Legal Proceedings55Item 1A. Risk Factors55Item 2. Unregistered Sales of Equity Securities and Use of Proceeds55Item 5. Other Information56Item 6. Exhibits56Signatures58i GLOSSARY OF OIL AND NATURAL GAS TERMS The following is a glossary of certain oil and natural gas industry terms that are used in this Quarterly Report on Form 10-Q (this“report”) and our other periodic reports under the Exchange Act: GLOSSARY OF CERTAIN OTHER TERMS The following is a glossary of certain other terms that are used in this report and our other periodic reports under the Exchange Act: CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS Various statements contained in this report are “forward-looking statements” within the meaning of Section 27A of the Securities Actand Section 21E of the Exchange Act, which involve risks, uncertainties and assumptions. All statements, other than statements of historicalfact, including statements regarding our: future performance; business strategy; future operations (including drilling plans and capital plans);estimates and projections of revenues, losses, costs, expenses, returns, cash flow and financial position; reserve estimates and our ability toreplace or increase reserves; anticipated benefits or other effects of strategic transactions (including the Endeavor Acquisition, Double EagleAcquisition, 2025 Drop Down and the recently completed Sitio Acquisition (in each case, as defined below) discussed in this report and otheracquisitions or divestitures; and plans and objectives of management (including plans for future cash flow from operations and for executingenvironmental strategies) are forward-looking statements. When used in this report, the wo