Diamondback Energy, Inc. (FANG) Q4 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:04.036 Good day, and thank you for standing by. Welcome to the Diamondback Energy's fourth quarter 00:00:04.036 -- 00:00:09.123 2025 conference call. At this time, all participants are in a listen-only mode. 00:00:09.123 -- 00:00:13.188 After the speaker's presentation, there will be a question and answer session. 00:00:13.188 -- 00:00:17.774 To ask a question during the session, you will need to press star 11 on your telephone. 00:00:17.774 -- 00:00:21.579 You will then hear an automated message advising your hand is raised. 00:00:21.579 -- 00:00:24.183 To withdraw your question, please press star 11 again. 00:00:24.183 -- 00:00:28.297 Please be advised that today's conference call is being recorded. 00:00:28.297 -- 00:00:32.001 I would now like to hand the conference over to your first speaker today, Adam Lawless. 00:00:32.001 -- 00:00:33.843 Please go ahead. 00:00:33.843 -- 00:00:38.569 Thank you, Corey. Good morning, and welcome to Diamondback Energy's fourth quarter 2025 00:00:38.569 -- 00:00:43.114 conference call. During our call today, we will reference an updated investor presentation 00:00:43.114 -- 00:00:47.079 and letter to stockholders, which can be found on Diamondback's website. 00:00:47.079 -- 00:00:52.465 Representing Diamondback today are Case Van Hoff, CEO, Danny Weston, COO, Jerry Thompson, 00:00:52.465 -- 00:00:57.091 CFO, and Al Bargwin, Chief Engineer. During this conference call, the participants may 00:00:57.091 -- 00:01:00.856 make certain forward-looking statements relating to the company's financial condition, 00:01:00.856 -- 00:01:04.762 results of operations, plans, objectives, future performance, and businesses. 00:01:04.762 -- 00:01:08.127 We caution you that actual results could differ materially from thos...