Diamondback Energy Q3 net income $915M ($5.07/diluted); raises FY2023 production guidance

Diamondback Energy, Inc.

2023-Q3 EPS reported $12.01 revenue$6,184,000,000

Net income $915M ($5.07 diluted EPS); adjusted net income $990M ($5.49 adjusted EPS).
Declared Q3 base dividend $0.84/share plus variable $2.53/share, payable Nov 24; implies 8.3% annualized yield.
Raised FY2023 net production guidance to ~447 MBOE/d (from 435-445) and oil to ~263 MBO/d (from 260-262); capex raised to $2.66-2.70B.
Returned $663M to shareholders in Q3 (~81% of FCF); repurchased 406,700 shares for $56M during Q3.
Closed non-core asset sales with $1.7B gross proceeds, exceeding $1.0B target; formed Deep Blue JV with $516M proceeds.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Diamondback Energy, Inc. reported third quarter ended September 30, 2023 results: net income $915 million, EPS $5.07 per diluted share.

Period: third quarter ended September 30, 2023
Net income: $915 million
EPS: $5.07 per diluted share
Result: reported results

Exact text from the filing

Diamondback's third quarter 2023 net income was $915 million, or $5.07 per diluted share.

View on SEC.gov

44 earnings releases filed in the last 30 days. Browse all earnings releases →

Diamondback Energy, Inc. filing history →

Source: SEC EDGAR

accession 0001539838-23-000129

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.