Diamondback Q4 2024 Earnings Report
Key Takeaways
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.
Net income reached $1.1 billion, with an adjusted EPS of $3.64 per diluted share.
Total revenue increased to $3.71 billion, supported by strong production levels.
Free cash flow amounted to $1.3 billion, with an adjusted free cash flow of $1.4 billion.
The company increased its base dividend by 11% to $4.00 per share annually.
Diamondback Revenue
Diamondback EPS
Diamondback Revenue by Segment
Diamondback Revenue by Geographic Location
Forward Guidance
Diamondback Energy expects strong operational performance in 2025, with increased oil production and disciplined capital expenditures.
Positive Outlook
- Full-year oil production expected to range between 485-498 MBO/d.
- Q1 2025 cash capital expenditures expected between $900 million and $1.0 billion.
- Strong free cash flow anticipated due to stable commodity prices and cost efficiency.
- Continued shareholder returns through dividends and share repurchases.
- Improved operational efficiency with increased well completions in 2025.
Challenges Ahead
- Potential volatility in oil and gas prices could impact revenue.
- Higher interest expenses due to increasing debt levels.
- Ongoing integration costs related to recent mergers and acquisitions.
- Regulatory and environmental challenges in the energy sector.
- Market fluctuations and geopolitical uncertainties impacting global energy demand.
Revenue & Expenses
Visualization of income flow from segment revenue to net income