Diamondback Energy, Inc. (FANG) Q3 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:05.118 Good day and thank you for standing by. Welcome to the Diamondback Energy third quarter 00:00:05.118 -- 00:00:10.865 2025 earnings conference call. At this time, all participants are in a listen-only 00:00:10.865 -- 00:00:15.331 mode. After the speaker's presentation, there will be a question and answer session. 00:00:15.331 -- 00:00:20.978 To ask a question during this session, you will need to press star 1 1 on your telephone. 00:00:20.978 -- 00:00:25.183 You will then hear an automated message advising your hand is raised. 00:00:25.183 -- 00:00:29.444 To withdraw your question, please press star 1 1 again. 00:00:29.444 -- 00:00:33.710 Please be advised that today's conference is being recorded. 00:00:33.710 -- 00:00:38.137 I would now like to hand the conference over to your first speaker today, Adam Lawless, 00:00:38.137 -- 00:00:42.183 VP of Investor Relations. Please go ahead. 00:00:42.183 -- 00:00:47.310 Hey, Brianna. Good morning, and welcome to Diamondback Energy's third quarter 2025 conference 00:00:47.310 -- 00:00:51.556 call. During our call today, we will reference an updated investor presentation and letter 00:00:51.556 -- 00:00:54.841 to stockholders, which can be found on Diamondback's website. 00:00:54.841 -- 00:00:59.920 Representing Diamondback today are Kate Fantos, CEO of Danny Wesson, COO, and 00:00:59.920 -- 00:01:04.966 Jerry Thompson, CFO. During this conference call, the participants may make certain forward-looking 00:01:04.966 -- 00:01:08.751 statements relating to the company's financial condition, results of operations, plans, 00:01:08.751 -- 00:01:11.535 objectives, future performance, and businesses. 00:01:11.535 -- 00:01:14.839 We caution you that actual results could differ materially from those th...