Business

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

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. FIRST QUARTER 2026 HIGHLIGHTS Average oil production of 521.0 MBO/d (979.4 MBOE/d)Net cash provided by operating activities of $1.8 billion; Operating Cash Flow Before Working Capital Changes1 of $2.6 billionCash capital expenditures of $933 millionFree Cash Flow1 of $1.7

Diamondback Energy, Inc.May 4, 202632
Diamondback Energy, Inc. Announces First Quarter 2026 Financial and Operating Results; Increases Base Dividend and Production Guidance

About this update from Diamondback Energy, Inc.

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(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 Changes 1 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 Flow 1 of $1.7 billion; Adjusted Free Cash Flow 1 of $1.7 billion","length":73,"tagName":"p"}]},{"val":[{"type":"text","content":"Repurchased 3.3 million shares of common stock for approximately $548 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