Diamondback Energy, Inc. Announces First Quarter 2026 Financial and Operating Results; Increases Base Dividend and Production Guidance

About this update from Diamondback Energy, Inc.

[{"type":"image","alt":"Diamondback Energy, Inc.","displaySize":"","headline":null,"caption":"Diamondback Energy, Inc.","className":"","disableSlideshowImg":false,"size":{"original":{"width":300,"height":110,"url":"https://media.zenfs.com/en/globenewswire.com/faf4aac5d0aa874442b6a2b9cd14d5dd"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/O9VcnFvMlYW6LjhL9k9KZg--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTE1NA--/https://media.zenfs.com/en/globenewswire.com/faf4aac5d0aa874442b6a2b9cd14d5dd","width":300,"height":110}},"lazy":false},{"type":"text","content":"MIDLAND, Texas, May 04, 2026 (GLOBE NEWSWIRE) -- Diamondback Energy, Inc. (NASDAQ: FANG) (“Diamondback,” “we,” “our” or the “Company”) today announced financial and operating results for the first quarter ended March 31, 2026.","length":231,"tagName":"p"},{"type":"text","content":"FIRST QUARTER 2026 HIGHLIGHTS","length":29,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Average oil production of 521.0 MBO/d (979.4 MBOE/d)","length":52,"tagName":"p"}]},{"val":[{"type":"text","content":"Net cash provided by operating activities of $1.8 billion; Operating Cash Flow Before Working Capital Changes1 of $2.6 billion","length":126,"tagName":"p"}]},{"val":[{"type":"text","content":"Cash capital expenditures of $933 million","length":41,"tagName":"p"}]},{"val":[{"type":"text","content":"Free Cash Flow1 of $1.7 billion; Adjusted Free Cash Flow1 of $1.7 billion","length":73,"tagName":"p"}]},{"val":[{"type":"text","content":"Repurchased 3.3 million shares of common stock for approximately $548 million","length":77,"tagName":"p"}]},{"val":[{"type":"text","content":"Raised Q1 2026 base cash dividend to $1.10 per share; marks a 10% year-over-year increase and an implied 2.1% annualized yield2","length":127,"tagName":"p"}]},{"val":[{"type":"text","content":"Total return of capital of $859 million from stock repurchases and the declared Q1 2026 base dividend; represents ~50% of Adjusted Free Cash Flow","length":145,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":641,"olType":false},{"type":"text","content":"UPDATED 2026 GUIDANCE HIGHLIGHTS","length":32,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Increasing annual oil production guidance to 520+ (from 500 - 510) MBO/d and total BOE production to 972+ (from 926 - 962) MBOE/d; implying ~5% organic year-ove...

View stock analysis, news, and events for Diamondback Energy, Inc.