Diamondback Energy Reports Better-Than-Expected Q1: Details

Benzinga
18 hours ago

Diamondback Energy, Inc. (NYSE:FANG) released its first-quarter results after Monday's closing bell. Here's a look at the details from the report. 

The Details: Diamondback Energy reported adjusted earnings of $4.54 per share, which beat the analyst consensus estimate of $4.13. Quarterly revenue clocked in at $4.05 billion, beating the $3.73 billion consensus estimate.

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For the first quarter, Diamondback Energy reported:

  • Average oil production of 475.9 MBO/d (850.7 MBOE/d).
  • Net cash provided by operating activities of $2.4 billion; Operating Cash Flow Before Working Capital Changes of $2.5 billion.
  • Cash capital expenditures of $942 million.
  • Adjusted Free Cash Flow of $1.6 billion
  • Declared Q1 2025 base cash dividend of $1.00 per share payable on May 22, 2025, implying a 2.9% annualized yield based on May 2, 2025 closing share price of $136.81.

The company will host a conference call to discuss the results on Tuesday at 9 a.m. ET.

Outlook: Diamondback Energy sees full-year 2025 oil production of 480 to 495 MBO/d (857-900 MBOE/d) and cash capital expenditures guidance of $3.4 billion to $3.8 billion.

FANG Price Action: According to data from Benzinga Pro, Diamondback Energy stock was down 0.054% after-hours at $133.01 on Monday.  

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Image: Shutterstock

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