Diamondback Q3 net income $659M, EPS $3.19; closes Endeavor merger, announces accretive asset trade with TRP

Diamondback Energy, Inc.

2024-Q3 EPS reported $12.00 revenue$7,355,000,000

Q3 net income $659M ($3.19 diluted EPS); adjusted net income $698M ($3.38 diluted EPS).
Closed Endeavor merger on Sept 10; average production 571.1 MBOE/d including Endeavor.
Declared Q3 base dividend $0.90/share, payable Nov 21 to holders of record Nov 14.
Repurchased ~2.9M shares for $515M in Q3; remaining authorization ~$2.9B.
Announced asset trade with TRP: Diamondback trades Delaware Basin assets plus ~$238M cash for TRP's Midland Basin assets (~15,000 net acres) expected close Dec 2024.

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