Diamondback Earnings Reports

Diamondback Energy posted solid Q4 2024 results with net income of $1.1 billion and revenue of $3.71 billion. The company achieved strong operational cash flow, maintained disciplined capital expenditures, and increased its base dividend. Production levels remained robust, contributing to consistent financial performance.

Diamondback Energy, Inc. reported net income of $659 million, or $3.19 per diluted share, and net cash provided by operating activities of $1.2 billion for the third quarter of 2024. The company closed its merger with Endeavor Energy Resources, repurchased shares, and announced a trade agreement with TRP Energy.

Diamondback Energy, Inc. reported a strong second quarter in 2024, characterized by robust production levels and strategic financial maneuvers, including a significant return of capital to shareholders. The company also progressed on its merger with Endeavor Energy Resources, L.P., awaiting regulatory approval.

Diamondback Energy, Inc. reported a net income of $768 million, or $4.28 per diluted share, and an adjusted net income of $809 million, or $4.50 per diluted share, for the first quarter of 2024. The company achieved average production of 461.1 MBOE/d and generated $1.3 billion in net cash from operating activities. Diamondback also announced a merger with Endeavor Energy Resources, L.P., expected to close in the fourth quarter of 2024.

Diamondback Energy, Inc. reported strong financial and operating results for Q4 2023, including average production of 462.6 MBOE/d, net income of $960 million, and free cash flow of $910 million. The company increased its annual base dividend by 7% and repurchased shares of common stock, demonstrating its commitment to returning capital to shareholders.

Diamondback Energy, Inc. reported a net income of $915 million for Q3 2023, with average production of 452.8 MBOE/d. The company generated $1.4 billion in net cash from operating activities and $820 million in free cash flow. Diamondback also completed a joint venture and divestiture, exceeding its non-core asset sale target.

Diamondback Energy reported a net income of $556 million, or $3.05 per diluted share, and adjusted net income of $669 million, or $3.68 per diluted share, for the second quarter of 2023. The company's net cash provided by operating activities was $1.51 billion, with free cash flow of $547 million.

Diamondback Energy reported a net income of $712 million, or $3.88 per diluted share, and an adjusted net income of $751 million, or $4.10 per diluted share, for Q1 2023. The company's net cash provided by operating activities was $1.43 billion, with cash capital expenditures totaling $657 million, resulting in a free cash flow of $646 million. Average production reached 425.0 MBOE/d.

Diamondback Energy reported a strong fourth quarter in 2022, marked by average production of 391.4 MBOE/d, net cash provided by operating activities of $1.44 billion, and free cash flow of $1.13 billion. The company increased its annual base dividend by 7% and declared a variable cash dividend, returning a significant portion of free cash flow to stockholders through dividends and share repurchases. Diamondback also closed acquisitions of FireBird Energy LLC and Lario Permian, LLC, expanding its asset base.

Diamondback Energy reported a solid third quarter, with a focus on cost control and maximizing returns for stockholders. The company generated nearly $1.2 billion of Free Cash Flow, returning approximately $874 million to stockholders through share repurchases and dividends. They also announced the pending acquisition of FireBird Energy assets.

Diamondback Energy, Inc. reported a record $1.3 billion in Free Cash Flow for Q2 2022, exceeding the previous quarter's record by 35%. The company used the cash to reduce net debt by 5% quarter over quarter, pay a total dividend of $3.05 per share, and repurchase over 2.3 million shares.

Diamondback Energy, Inc. reported strong financial and operating results for the first quarter of 2022. The company achieved average production of 381.4 MBOE/d, generated $1,252 million in cash flow from operating activities, and $974 million in free cash flow. Diamondback also increased its annual base dividend by 17% and declared a variable cash dividend of $2.35 per share.

Diamondback Energy, Inc. reported strong Q4 2021 results, generating $772 million in Free Cash Flow with production and capital exceeding expectations. The company exceeded its commitment to return at least 50% of Free Cash Flow to stockholders, returning 67% through share repurchases and dividends.

Diamondback Energy, Inc. announced its Q3 2021 financial and operating results, featuring average production of 404.3 MBOE/d, cash flow from operating activities of $1,199 million, and free cash flow of $740 million. The company is increasing its annual dividend by 11.1% and has committed to returning 50% of free cash flow to stockholders beginning in Q4 2021.

Diamondback Energy reported a strong second quarter, generating $578 million in Free Cash Flow with improved capital efficiency. The company is cutting its 2021 capital budget by $100 million due to cost control and volume outperformance.