Diamondback Energy Q1 net income $768M, EPS $4.28; declares $0.90 base + $1.07 variable dividend

Diamondback Energy, Inc.

2024-Q1 EPS reported $4.28 revenue$2,227,000,000

Q1 net income $768M ($4.28 diluted EPS); adjusted net income $809M ($4.50 diluted EPS).
Average production 273.3 MBO/d (461.1 MBOE/d); cash capex $609M.
Free cash flow $791M; base dividend $0.90/share and variable $1.07/share, payable May 22.
Repurchased 279,266 shares for $42M in Q1; $1.6B remaining on buyback authorization.
Endeavor merger stockholder-approved Apr 26; expected close Q4 2024, subject to regulatory approval.

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 the first quarter ended March 31, 2024 results: net income $768 million, EPS $4.28 per diluted share.

Period: the first quarter ended March 31, 2024
Net income: $768 million
EPS: $4.28 per diluted share
Result: reported results

Exact text from the filing

Diamondback's first quarter 2024 net income was $768 million, or $4.28 per diluted share.

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Diamondback Energy, Inc. filing history →

Source: SEC EDGAR

accession 0001539838-24-000088

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