The company said Diamondback Energy, Inc. stockholders’ net income for Q1 2024 was $768 million ($4.28 per diluted share). It said the same items for Q1 2023 were $712 million.

1. 01

   The company said Diamondback Energy, Inc. stockholders’ net income for Q1 2024 was $768 million ($4.28 per diluted share). It said the same items for Q1 2023 were $712 million.

2. 02

   Diamondback said net cash provided by operating activities for Q1 2024 was $1.3 billion, operating cash flow before working capital changes was $1.4 billion, and Free Cash Flow was $791 million. It said cash capital expenditures were $609 million.

3. 03

   The company said it announced its merger with Endeavor Energy Resources, L.P. on February 12, 2024 and received stockholder approval on April 26. It said the deal is subject to regulatory approval and is expected to close in Q4 2024.

4. 04

   The company said it declared a base cash dividend of $0.90 per share and a variable cash dividend of $1.07 per share for Q1 2024. It also said it repurchased 279,266 shares for $42 million in Q1. The company said total return of capital for Q1 was $396 million, representing about 50% of Q1 Free Cash Flow.

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AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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