Diamondback Q1 ops: avg prod 475.9 MBO/d, warns of activity cuts if low prices persist

Diamondback Energy, Inc.

2025-Q1 EPS reported $4.83 revenue$4,048,000,000

Q1 2025 average production 475.9 MBO/d (850.7 MBOE/d); unhedged oil price $70.95/bbl.
Cash capex $942M; repurchased 3.66M shares for $575M in Q1 at avg $157.15/share.
Net gain on derivatives $226M including $85M cash settlement gain; Q2 YTD repurchased 1.56M shares for $200M.
Company warns it may reduce activity to maximize FCF if low commodity prices persist or worsen.
Weighted average diluted shares 289.6M in Q1; ~293M shares outstanding after Double Eagle close and Q2 repurchases.

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