MIDLAND, Texas, May 05, 2025 (GLOBE NEWSWIRE) -- Diamondback Energy, Inc. (NASDAQ: FANG) (“Diamondback” or the “Company”) today announced financial and operating results for the first quarter ended March 31, 2025. FIRST QUARTER 2025 AND RECENT HIGHLIGHTS Average oil production of 475.9 MBO/d (850.7 MBOE/d)Net cash provided by operating activities of $2.4 billion; Operating Cash Flow Before Working Capital Changes (as defined and reconciled below) of $2.5 billionCash capital expenditures of $942 millionFree ...

Wall Street analysts forecast that Diamondback Energy (FANG) will report quarterly earnings of $4.09 per share in its upcoming release, pointing to a year-over-year decline of 9.1%. It is anticipated that revenues will amount to $3.75 billion, exhibiting an increase of 68.2% compared to the year-ago quarter.The current level reflects a downward revision of 12.6% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappr ...

Wall Street analysts expect Diamondback Energy (FANG) to post quarterly earnings of $4.07 per share in its upcoming report, which indicates a year-over-year decline of 9.6%. Revenues are expected to be $3.74 billion, up 68.2% from the year-ago quarter.Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted downward by 9.3% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.Before a company reveals ...

Diamondback Energy (FANG) is set to release first-quarter 2025 results on May 5. The current Zacks Consensus Estimate for the to-be-reported quarter is a profit of $4 per share on revenues of $3.7 billion.Let’s delve into the factors that might have influenced the Permian-focused oil and gas producer’s performance in the March quarter. But it’s worth taking a look at FANG’s previous-quarter performance first.Highlights of Q4 Earnings & Surprise HistoryIn the last reported quarter, this Midland, TX-based ups ...

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Diamondback Energy (FANG) closed the latest trading day at $136.65, indicating a -0.85% change from the previous session's end. This move lagged the S&P 500's daily gain of 0.58%. At the same time, the Dow added 0.75%, and the tech-heavy Nasdaq gained 0.55%.Shares of the energy exploration and production company have depreciated by 13.8% over the course of the past month, underperforming the Oils-Energy sector's loss of 8.92% and the S&P 500's loss of 0.84%.The investment community will be closely monitorin ...

The market expects Diamondback Energy (FANG) to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended March 2025. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be rel ...

Core Viewpoint - Concerns about a potential recession and tariff policies are impacting markets, but dividend stocks are seen as a stabilizing investment option for portfolios [1] Group 1: Energy Transfer (ET) - Energy Transfer is a midstream energy company with over 130,000 miles of pipeline and related infrastructure in the U.S. [3] - The company paid a quarterly cash distribution of $0.3250 per common unit in February, marking a 3.2% year-over-year increase, and offers a dividend yield of 7.5% [3] - Analyst Elvira Scotto from RBC Capital views Energy Transfer favorably, citing the company's diversified cash flow streams and fee-based cash flow as key strengths [4][5] - Scotto slightly lowered the price target for ET from $23 to $22 due to market uncertainty but reaffirmed a buy rating [5] Group 2: The Williams Companies (WMB) - The Williams Companies is another midstream energy player, with a recent dividend increase of 5.3% to $2.00 annually, providing a dividend yield of 3.4% [7] - Key drivers for WMB stock include AI/data center growth opportunities and natural gas demand, which is expected to remain stable compared to crude oil [8] - Scotto maintains a buy rating on WMB with a price target of $63, anticipating strong volumes across segments despite some headwinds in the Northeast [10] Group 3: Diamondback Energy (FANG) - Diamondback Energy focuses on onshore oil and natural gas reserves in the Permian Basin and announced an 11% increase in its annual base dividend to $4 per share, resulting in a dividend yield of 4.5% [12] - Analyst Arun Jayaram expects FANG's Q1 results to align with market estimates, projecting a cash flow per share of $8.12 [13] - FANG is anticipated to generate free cash flow of approximately $1.4 billion, with a significant portion allocated to dividends and share buybacks [15]

Diamondback Energy, Inc. (FANG) recently released its operational update for the first quarter of 2025 to strategically pursue its stock repurchase plan in light of ongoing market volatility.The company is set to report its first-quarter 2025 earnings on May 5, after the closing bell. The Zacks Consensus Estimate for earnings is pegged at $3.64 per share and the same for revenues is pinned at $3.6 billion. The estimated earnings per share figure indicates a 19.1% year-over-year decline. However, the Zacks C ...

[Diamondback Energy, Inc. Q1 2025 Operational Update](index=1&type=section&id=Diamondback%20Energy%2C%20Inc.%20Provides%20Operational%20Update%20for%20the%20First%20Quarter%20of%202025) This report provides an operational update for Diamondback Energy, Inc. for Q1 2025, detailing production, financial highlights, and future operating plans [First Quarter 2025 Highlights](index=1&type=section&id=FIRST%20QUARTER%202025%20HIGHLIGHTS) Diamondback Energy reported strong Q1 2025 operational results, including **850.7 MBOE/d** average production, a **$226 million** derivative gain, and **$575 million** in share repurchases Q1 2025 Key Operational and Financial Metrics | Metric | Value | | :--- | :--- | | Average Production | 475.9 MBO/d (850.7 MBOE/d) | | Average Unhedged Oil Price | $70.95 per barrel | | Average Hedged Oil Price | $70.06 per barrel | | Cash Capital Expenditures | $942 million | | Q1 2025 Share Repurchases | 3,656,044 shares for $575 million | | Q2 2025 (to date) Share Repurchases | 1,560,200 shares for $200 million | - The company recorded a total gain on derivatives of **$226 million**, comprising an **$85 million** realized hedge gain and a **$141 million** unrealized hedge gain[4](index=4&type=chunk) - Following the Double Eagle acquisition and Q2 share repurchases to date, Diamondback has approximately **293 million** shares outstanding[4](index=4&type=chunk) [2025 Operating Plan Update](index=1&type=section&id=2025%20OPERATING%20PLAN%20UPDATE) Diamondback is reviewing its 2025 operating plan due to **market volatility**, maintaining flexibility to reduce activity and lower its breakeven oil price - The company is closely monitoring the **macroeconomic environment** and **reviewing its 2025 operating plan** due to **market volatility**[3](index=3&type=chunk) - Diamondback has the flexibility to **curtail activity** to **maximize free cash flow generation** should low commodity prices continue or worsen[3](index=3&type=chunk) - The company believes it can achieve **further reductions in its breakeven oil price** through **capital and operating cost efficiencies**[3](index=3&type=chunk) [Selected Operating Data](index=2&type=section&id=Selected%20Operating%20Data) This section details Q1 2025 production volumes and average realized prices for oil, natural gas, and natural gas liquids, including both unhedged and hedged pricing Q1 2025 Production and Average Prices | Metric | Value | | :--- | :--- | | **Production Data** | | | Daily oil volumes (BO/d) | 475,944 | | Daily combined volumes (BOE/d) | 850,656 | | **Average Unhedged Prices** | | | Oil ($ per Bbl) | $70.95 | | Natural gas ($ per Mcf) | $2.11 | | Combined ($ per BOE) | $47.77 | | **Average Hedged Prices** | | | Oil, hedged ($ per Bbl) | $70.06 | | Natural gas, hedged ($ per Mcf) | $3.34 | | Average price, hedged ($ per BOE) | $48.89 | [Derivative Activity](index=2&type=section&id=Derivative%20Activity) For Q1 2025, Diamondback anticipates a total net gain on derivative instruments of **$226 million**, comprising **$85 million** from cash settlements and **$141 million** non-cash gain Q1 2025 Derivative Gains (in millions) | Item | Gain (Loss) | | :--- | :--- | | **Total Gain on Derivatives** | **$226** | | Commodity contracts | $214 | | Interest rate swaps | $11 | | 2026 WTI Contingent Liability | $2 | | Treasury locks | $(1) | | **Net Cash Received on Settlements** | **$85** | | Commodity contracts | $86 | | Treasury locks | $(1) | [Share Information](index=1&type=section&id=Weighted%20Average%20Basic%20and%20Diluted%20Shares%20Outstanding) For Q1 2025, weighted average basic and diluted shares outstanding were approximately **289.6 million**, with total shares outstanding at **293 million** after recent acquisitions and buybacks - For Q1 2025, weighted average basic and diluted shares outstanding were **289,612 thousand**[4](index=4&type=chunk)[8](index=8&type=chunk) - Giving effect to the closing of the Double Eagle acquisition and share repurchases to date in Q2, Diamondback currently has approximately **293 million** shares outstanding[4](index=4&type=chunk) [Company Overview](index=3&type=section&id=About%20Diamondback%20Energy%2C%20Inc.) Diamondback Energy, Inc. is an independent oil and natural gas company focused on the acquisition, development, and exploration of **unconventional, onshore reserves** in the **Permian Basin** - Diamondback is an independent oil and natural gas company focused on **unconventional, onshore reserves** in the **Permian Basin**[9](index=9&type=chunk) [Forward-Looking Statements](index=3&type=section&id=Forward-Looking%20Statements) This report includes forward-looking statements concerning future performance and operations, subject to risks like commodity price volatility and regulatory changes, which could cause actual results to differ materially - The news release contains forward-looking statements regarding **future performance**, **business strategy**, and **financial position**, which are not guarantees of future performance[10](index=10&type=chunk) - **Material risks** include changes in **oil and gas supply and demand**, actions by **OPEC and Russia**, **financial market instability**, **inflationary pressures**, and **regulatory initiatives**[11](index=11&type=chunk) - Diamondback operates in a **competitive and rapidly changing environment** and disclaims any obligation to update or revise any forward-looking statements[12](index=12&type=chunk)