Diamondback Energy(US:FANG)2025-05-05 21:22Financial Performance & Capital Allocation - Diamondback generated $1,545 million of Free Cash Flow ("FCF") in Q1 2025 ($5.33/share) and $1,583 million of Adjusted FCF ($5.47 / share)[18] - The company expects to generate at least $4.7 billion of Adjusted FCF in 2025 at current commodity prices[18] - Diamondback returned $864 million to stockholders in Q1 2025, representing ~55% of Q1 2025 Adjusted FCF, through base dividend and share repurchases[15, 18] - The company has a $6.0 billion share buyback authorization in effect, with ~$1.8 billion remaining[18] - Diamondback is committed to returning at least 50% of quarterly FCF to stockholders[18] Production & Operations - Q1 2025 oil production was 475.9 Mbo/d (850.7 Mboe/d)[25] - The company's unhedged realized cash margin was 77% in Q1 2025[25] - Total operating cash expenses were $10.48 per Boe in Q1 2025[25] - The company's oil production per $MM of CAPEX was 45.5 (Mbo / $MM CAPEX) in Q1 2025[25] 2025 Guidance - Full year 2025 oil production guidance is 480 – 495 Mbo/d (857 – 900 Mboe/d)[58] - Full year 2025 CAPEX budget is $3.4 – $3.8 billion[58]