Diamondback Q1 EPS $4.83; cuts FY25 capex to $3.4-3.8B, lowers oil output guidance

Diamondback Energy, Inc.

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

Net income $1.4B ($4.83/diluted EPS); adjusted EPS $4.54. Net cash from ops $2.4B.
Updated guidance: FY25 oil 480-495 MBO/d (down from 485-498); capex $3.4-3.8B (down from $3.8-4.2B).
Declared Q1 base dividend $1.00/share, payable May 22; repurchased ~3.7M shares for $575M in Q1.
Closed Double Eagle acquisition Apr 1 and Viper dropdown May 1; total debt $14.1B, net debt $12.3B.
Reducing activity due to commodity price weakness; Q2 capex $800-900M.

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