Diamondback Energy, Inc. (FANG) Q1 2026 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:03.677 Good day, and thank you for standing by. Welcome to the Diamondback Energy First Quarter 00:00:03.677 -- 00:00:08.465 2026 conference call. At this time, all participants are in a listen-only mode. 00:00:08.465 -- 00:00:12.171 After the speaker's presentation, there will be a question and answer session. 00:00:12.171 -- 00:00:16.558 To ask a question during the session, you will need to press star 1-1 on your telephone. 00:00:16.558 -- 00:00:20.604 You will then hear an automated message advising that your hand is raised. 00:00:20.604 -- 00:00:23.189 To withdraw your question, please press star 1-1 again. 00:00:23.189 -- 00:00:27.082 Please be advised that today's conference is being recorded. 00:00:27.082 -- 00:00:30.788 I would now like to hand the conference over to your first speaker today, Adam Lawless, 00:00:30.788 -- 00:00:34.473 VP of Investor Relations. Please go ahead. 00:00:34.473 -- 00:00:39.421 Thank you, Corey. Good morning, and welcome to Diamondback Energy's first quarter 2026 00:00:39.421 -- 00:00:44.268 conference call. During our call today, we will reference an updated investor presentation 00:00:44.268 -- 00:00:47.873 and letter to stockholders, which can be found on Diamondback's website. 00:00:47.873 -- 00:00:53.121 Representing Diamondback today are Kate Spantoff, CEO, Danny Wesson, COO, Jerry 00:00:53.121 -- 00:00:56.326 Thompson, CFO, and Al Barkman, Chief Engineer. 00:00:56.326 -- 00:00:59.691 During this conference call, the participants may make certain forward-looking statements 00:00:59.691 -- 00:01:04.318 relating to the company's financial condition, results of operations, plans, objectives, 00:01:04.318 -- 00:01:08.704 future performance, and businesses. We caution you that actual results could dif...