earnings
confidence high
sentiment positive
materiality 0.70
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 2.02item 9.01