earnings
confidence high
sentiment positive
materiality 0.80
Diamondback Q2 EPS $2.38, FCF $1.2B; raises buyback cap to $8B, narrows oil guidance
Diamondback Energy, Inc.
2025-Q2 EPS reported
$7.20
revenue$7,726,000,000
- Q2 net income $699M ($2.38 diluted EPS); adjusted net income $785M ($2.67). Cash from ops $1.7B; FCF $1.2B.
- Declared Q2 base dividend $1.00/share payable Aug 21; repurchased 3M shares in Q2 for $398M at avg $133.15.
- Board increased share repurchase authorization by $2B to $8B total; $3.5B remaining.
- Updated 2025 guidance: oil production 485-492 MBO/d, BOE 890-910 MBOE/d; capex lowered to $3.4-3.6B.
- Q3 oil guidance 485-495 MBO/d; capex $750-850M; also bought back $252M face value of notes at 76.8% of par.
item 2.02item 9.01