The company said net income attributable to Diamondback Energy, Inc. for Q3 2024 was $659 million, or $3.19 per diluted share. Adjusted net income for the same quarter was $698 million, or $3.38 per diluted share.

1. 01

   The company said net income attributable to Diamondback Energy, Inc. for Q3 2024 was $659 million, or $3.19 per diluted share. Adjusted net income for the same quarter was $698 million, or $3.38 per diluted share.

2. 02

   Diamondback said net cash provided by operating activities for Q3 2024 was $1.2 billion, and operating cash flow before working capital changes was $1.4 billion. Free Cash Flow was $708 million, and Adjusted Free Cash Flow was $1.0 billion.

3. 03

   The company said it closed its merger with Endeavor Energy Resources, L.P. on September 10, 2024. In connection with the merger, it updated its full-year net production outlook to 587 to 590 MBOE/d (previously 462 to 470 MBOE/d).

4. 04

   Diamondback said its Board declared a base cash dividend of $0.90 per share for Q3 2024, and that it repurchased about 2.9 million shares for about $515 million in the same quarter. The company said its share repurchase authorization increased to $6.0 billion from $4.0 billion.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

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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