Diamondback Energy, Inc. (FANG) Q1 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:03.862 Good day and thank you for standing by. Welcome to the Diamondback Energy First Quarter 00:00:03.862 -- 00:00:09.433 2025 Earnings Conference Call. At this time, all participants are in a listen-only 00:00:09.433 -- 00:00:14.354 mode. After the speaker's presentation, there will be a question and answer session. 00:00:14.354 -- 00:00:19.335 To ask a question during the session, you will need to press star 1-1 on your telephone. 00:00:19.335 -- 00:00:23.136 You will then hear an automated message advising your hand is raised. 00:00:23.136 -- 00:00:27.116 To withdraw your question, please press star 1-1 again. 00:00:27.116 -- 00:00:30.415 Please be advised that today's conference is being recorded. 00:00:30.415 -- 00:00:34.197 I would now like to hand the conference over to your first speaker today, Adam Lawless, 00:00:34.197 -- 00:00:37.619 VP of Investor Relations. Please go ahead. 00:00:37.619 -- 00:00:41.582 Thank you, Lauren. Good morning, and welcome to Diamondback Energy's first quarter 2025 00:00:41.582 -- 00:00:46.745 conference call. During our call today, we will reference an updated investor presentation 00:00:46.745 -- 00:00:51.208 and letter to stockholders, which can be found on Diamondback's website. 00:00:51.208 -- 00:00:55.910 Representing Diamondback today are Travis Dice, Chairman and CEO, Cade Fantoff, President, 00:00:55.910 -- 00:00:59.363 Danny Wesson, COO, and Jerry Thompson, CFO. 00:00:59.363 -- 00:01:02.865 During this conference call, participants may make certain forward-looking statements 00:01:02.865 -- 00:01:07.848 relating to the company's financial condition, results of operations, plans, objectives, 00:01:07.848 -- 00:01:12.271 future performance, and businesses. We caution you that actual results c...