Diamondback (FANG) Says Realized Oil Prices Fell in Q4 as Crude Market Weakened

Diamondback Energy, Inc. (NASDAQ:FANG) is included among the 15 Dividend Growth Stocks with the Highest Growth Rates.

On January 13, Diamondback Energy, Inc. (NASDAQ:FANG) said it received lower prices for its oil production in the fourth quarter compared with the prior three months. Oil prices fell 9.2% during the three months ended December 31, as the market focused more on oversupply and tariff concerns than geopolitical risks. In that environment, Diamondback reported that its average realized oil price dropped to $58.00 per barrel in Q4, down from $64.60 per barrel in the prior quarter.

Natural gas pricing weakened as well. In a regulatory filing, the company said its average realized natural gas price was $1.03 per thousand cubic feet (Mcf) after hedging, compared with $1.75 per Mcf in Q3. This wasn’t just a short-term move. The broader oil market had a rough year in 2025. Brent crude futures fell about 19%, marking their biggest annual decline since 2020. It was also the third straight year of losses, the longest such streak on record. US West Texas Intermediate crude also ended the year down close to 20%.

Diamondback’s update came only days after Exxon Mobil issued a similar warning, saying weaker crude prices could reduce its quarterly upstream earnings by roughly $800 million to $1.2 billion.

Looking ahead, analysts expect Diamondback to report adjusted earnings of $2.64 per share for the fourth quarter and $12.98 per share for the full year, based on LSEG estimates.

Diamondback Energy, Inc. is an independent oil and natural gas producer focused on acquiring and developing unconventional onshore reserves, primarily in the Permian Basin in West Texas.

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