Diamondback Energy Q1 oil production 521 MBO/d, raises dividend 10%, increases production guidance

Diamondback Energy, Inc.

2026-Q1 EPS reported $0.08 revenue$4,240,000,000

Average Q1 oil production 521.0 MBO/d (979.4 MBOE/d); net cash ops $1.8B; operating cash flow before WC changes $2.6B; FCF $1.7B.
Base dividend raised to $1.10/share (+10% YoY); implied ~2.1% annualized yield; declared Q1 2026 dividend.
Repurchased 3.3M shares for $548M; total return of capital $859M (~50% of Adj. Free Cash Flow).
Raised FY 2026 oil guidance to 520+ MBO/d from 500-510; total BOE to 972+ MBOE/d; full year capex raised to ~$3.90B.
Q2 2026 oil guidance 515-525 MBO/d; cash capex $925M-$1,025M.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Diamondback Energy, Inc. updated its first quarter ended March 31, 2026 guidance (raised).

Period: first quarter ended March 31, 2026
Guidance: raised
Result: reported results

Exact text from the filing

On May 4, 2026, Diamondback Energy, Inc. (the “Company”) issued a press release announcing financial and operating results for the first quarter ended March 31, 2026, including the first quarter 2026 base cash dividend and an increase in the annual base dividend and production guidance

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Source: SEC EDGAR

accession 0001539838-26-000073

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