Diamondback Energy said oil, natural gas and natural gas liquids revenues for Q1 2025 increased by $1.6 billion, or 74%, to $3.7 billion compared with the same period in the prior year, primarily due to 82% growth in combined production volumes.

1. 01

   Diamondback Energy said oil, natural gas and natural gas liquids revenues for Q1 2025 increased by $1.6 billion, or 74%, to $3.7 billion compared with the same period in the prior year, primarily due to 82% growth in combined production volumes.

2. 02

   The company paid dividends to stockholders of $290 million during Q1 2025, repurchased $575 million of common stock, excluding excise taxes, and had approximately $2.1 billion available for future repurchases under its common stock repurchase program as of March 31, 2025.

3. 03

   Diamondback Energy completed the Double Eagle Acquisition on April 1, 2025 for consideration of $3.0 billion in cash and approximately 6.84 million shares of common stock. It funded the cash portion through proceeds from the 2035 Notes, proceeds from the 2025 Term Loan Agreement and borrowings under its credit facility.

4. 04

   The company said its board approved a revised 2025 annual capital budget of approximately $3.40 billion to $3.80 billion, which prioritizes free cash flow generation in light of recent weakness in commodity prices and reduced activity levels.

Key figures

Quarter ended March 31, 2025

Revenue

$4.0B

Operating income

$1.7B

Net income

$1.4B

EPS

$4.83

Operating cash flow

$2.4B

Analysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

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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