Diamondback Energy to sell unit's assets for $670 million, tops profit estimates

Core Insights - Diamondback Energy reported quarterly profits that exceeded market expectations [1] - The company announced plans to sell its subsidiary Viper Energy's non-Permian assets for $670 million to an affiliate of GRP Energy Capital [1] Financial Performance - The quarterly profit surpassed analysts' estimates, indicating strong operational performance [1] Strategic Moves - The decision to divest Viper Energy's non-Permian assets reflects a strategic focus on core operations and optimizing asset portfolio [1]