FANG
Market read
The latest filing evidence is available. 0 of 20 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 6 directly disclosed connections are confirming.
Invalidation: The isolated read changes if FANG's group or a disclosed connection begins moving with it.
Research brief
The latest filing evidence is available. 0 of 20 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 6 directly disclosed connections are confirming.
No thresholded adverse filing evidence is available yet.
Company research
Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.
Reported annual revenue and per-share history. This is accounting history, not a forecast.
What management says matters
“38 Table of Contents During the six months ended June 30, 2025, net cash provided by financing activities was primarily attributable to (i) $1.5 billion of proceeds from the 2025 Term Loan Agreement, (ii) $1.2 billion of proceeds from the issuance of the 5.55…”10-Q · Aug 5, 2026 ↗
“The increase in gain on derivative instruments for the six months ended June 30, 2026, compared to the same period in 2025 primarily reflects (i) a $278 million gain attributable to our natural gas contracts, which was comprised of a $249 million increase in…”10-Q · Aug 5, 2026 ↗
“The following table shows other operating expenses for the periods indicated: Three Months Ended (In millions) March 31, 2026 December 31, 2025 Other operating expenses, net $ 24 $ (128) The change in other operating expenses, net during the first quarter of…”10-Q · May 6, 2026 ↗
“However, realized prices are expected to continue to be influenced by, and subject to, future supply, demand, transportation availability and other market factors.”10-Q · Aug 5, 2026 ↗
Valuation discipline
Price/sales 4.0× · EV/sales 4.9×. Comparisons use only industry-matched filing peers.
Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.
Price action
Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 10 Sept, 15:55 GMT-4; this is a coverage limitation, not a flat-price conclusion.
Developments
Jodie has not returned a relevant primary source or news item for FANG. This is an evidence-coverage gap, not a conclusion that nothing material happened.
Business and financial condition
Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.
Latest filing assessment
10-Q filed 2026-08-05 against the comparable filing from 2025-08-06.
Capital and cash conversion
Capex, revenue, and operating cash flow are matched to the same reported duration. Reported accounting context, not a forecast or trading recommendation.
No thresholded deterioration was identified.
“These were partially offset by (i) changes in working capital accounts, excluding taxes payable, of $295 million due primarily to higher prices received for oil sales accrued at June 30, 2026 compared to June 30, 2025 and the timing of when payments are made or received, and (ii) higher cash operating expenses, excluding purchased oil expense, of approximately $241 million.”
“The following table shows the provision for (benefit from) income taxes for the periods indicated: Three Months Ended (In millions) June 30, 2026 March 31, 2026 Provision for (benefit from) income taxes $ 580 $ 32 The increase in our provision for income taxes for the second quarter of 2026 compared to the first quarter of 2026 was primarily due to the increase in pre-tax income between periods, which resulted largely from the first quarter of 2026 including a non-cash ceiling test impairment charge and an increase in our oil, natural gas and natural gas liquids revenues in the second quarter of 2026 as discussed above.”
“The unfavorable differentials were primarily driven by regional natural gas takeaway constraints in the Permian Basin, which resulted in periods of negative pricing at Waha Hub.”
Historical filing backfill generated after the original filing window. It is not part of Jodie's live track record.
Business ecosystem
Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.
Depends on
“10.3 Credit Agreement, dated as of Ju ne 12, 2025 , by and among, Viper Energy Partners LLC, as borrower, Viper Energy , Inc.”
“Divestiture of Deep Blue Water Assets and Deep Blue Formation On September 1, 2023, the Company closed on a joint venture agreement with Five Point Energy LLC (“Five Point”) to form Deep Blue.”
Depended on by
“We have signed non-binding letters of intent with Equinix, Diamondback Energy, and Prometheus Hyperscale (formerly Wyoming Hyperscale).”
Filing peers
Companies whose filings use similar operating language.
Open the three relationships above to see Jodie’s filing proof. Pro unlocks 10 more links, every receipt, and alerts when connected names begin moving. Unlock the full network →
What is moving around it
FANG is currently a Follower in the organic co-movement group Oil & Gas Producers. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 3 filing-linked names are in the relationship map; none is currently confirmed as moving with the group.
Context history
No durable theme membership has been observed for this name yet.