Diamondback Energy Q4 net income $1.1B, raises annual base dividend 11% to $4.00

Diamondback Energy, Inc.

2024-FY EPS reported $15.53 revenue$11,066,000,000

Q4 2024 diluted EPS $3.67 ($3.64 adjusted); FY 2024 diluted EPS $15.53 ($16.57 adjusted).
Q4 average production 475.9 MBO/d (883.4 MBOE/d); FY production 337.0 MBO/d (598.3 MBOE/d).
Declared Q4 base dividend $1.00/share; annual base dividend increased 11% to $4.00/share.
Q4 share repurchases 2.3M shares for $402M; total FY repurchases 5.5M shares for $959M.
FY 2025 oil production guidance 485-498 MBO/d (883-909 MBOE/d); cash capex $3.8-$4.2B; includes pending Double Eagle acquisition from April 1.

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