Diamondback Energy Inc. and Five Point Energy LLC announced today the formation of a new joint venture entity, Deep Blue Midland Basin LLC . This strategic joint venture creates the largest independent water infrastructure platform in the Midland Basin with substantial excess capacity in place to pursue third-party growth. Deep Blue Highlights: Integrated midstream water infrastructure network with over 800 miles of [...]
Diamondback Stockholders, This letter is meant to be a supplement to our earnings release and is being furnished to the Securities and Exchange Commission and released to our stockholders simultaneously with our earnings release. Please see the information regarding forward-looking statements and non-GAAP financial information included at the end of this letter. The second quarter of 2023 was characterized by volume [...]
Diamondback Energy Inc. today announced financial and operating results for the second quarter ended June 30, 2023. SECOND QUARTER 2023 HIGHLIGHTS Average production of 263.1 MBO/d Net cash provided by operating activities of $1.51 billion; Operating Cash Flow Before Working Capital Changes of $1.26 billion Cash capital expenditures of $711 million Free Cash Flow of $547 million Increasing annual base dividend by 5% to [...]
Diamondback Energy Inc. , today announced that it plans to release second quarter 2023 financial results on July 31, 2023 after the market closes. In connection with the earnings release, Diamondback will host a conference call and webcast for investors and analysts to discuss its results for the second quarter of 2023 on Tuesday, August 1, 2023 at 8:00 a.m. CT. Access to the webcast, and replay which will be available [...]
Diamondback Stockholders, This letter is meant to be a supplement to our earnings release and is being furnished to the Securities and Exchange Commission and released to our stockholders simultaneously with our earnings release. The intent of this new form of communication is to increase transparency with our stockholders and add additional color as to how management is thinking about the business outside of the numbers [...]
Diamondback Energy Inc. today announced financial and operating results for the first quarter ended March 31, 2023. FIRST QUARTER 2023 HIGHLIGHTS Average production of 251.4 MBO/d Net cash provided by operating activities of $1.43 billion; Operating Cash Flow Before Working Capital Changes of $1.30 billion Cash capital expenditures of $657 million Free Cash Flow of $646 million Declared Q1 2023 base cash dividend of $0.80 [...]
On March 28, 2023, Michael P. Cross, who has been a member of the Board of Directors of Diamondback Energy Inc. for over a decade since the Company's initial public offering and who currently also serves on the Board's Audit Committee, Compensation Committee, Nominating and Corporate Governance Committee and Safety, Sustainability and Corporate Responsibility Committee, informed the Company of his decision not to stand [...]
Diamondback Energy Inc. , today announced that it plans to release first quarter 2023 financial results on May 1, 2023 after the market closes. In connection with the earnings release, Diamondback will host a conference call and webcast for investors and analysts to discuss its results for the first quarter of 2023 on Tuesday, May 2, 2023 at 8:00 a.m. CT. Access to the webcast, and replay which will be available following [...]
Diamondback Energy Inc. today announced that it has joined the Oil and Gas Methane Partnership 2.0 , the United Nations Environment Programme's flagship oil and gas reporting and mitigation program. "Diamondback is proud to join OGMP 2.0 and apply its emission reporting framework to our asset base in the Permian Basin," stated Travis Stice, Chairman and Chief Executive Officer of Diamondback. "As we work towards achieving [...]
Diamondback Energy Inc. today announced financial and operating results for the fourth quarter and full year ended December 31, 2022. FOURTH QUARTER 2022 HIGHLIGHTS Average production of 226.1 MBO/d Net cash provided by operating activities of $1.44 billion; Operating Cash Flow Before Working Capital Changes of $1.67 billion Cash capital expenditures of $542 million Free Cash Flow of $1.13 billion Increasing annual base [...]
Verde Clean Fuels, Inc. , a company focused on becoming leading supplier of gasoline and other fuels derived from renewable feedstocks or natural gas, today announced the completion of the previously announced business combination between CENAQ Energy Corp. and Bluescape Clean Fuels Intermediate Holdings, LLC. Shares of Class A common stock of Verde will be traded on the NASDAQ Capital Markets starting on February 16 [...]
Diamondback Energy Inc. today announced that it has completed its previously announced acquisition of all leasehold interests and related assets of Lario Permian, LLC, a wholly owned subsidiary of Lario Oil & Gas Company, and certain associated sellers . About Diamondback Energy, Inc. Diamondback is an independent oil and natural gas company headquartered in Midland, Texas focused on the acquisition, development [...]
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