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Diamondback Energy Shares Edge Higher After Q4 Report
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Diamondback Energy Shares Edge Higher After Q4 Report
Feb 24, 2025 2:40 PM

Diamondback Energy, Inc. ( FANG ) reported its fourth-quarter results after Monday's closing bell. Here's a look at the key figures from the quarter. 

The Details: Diamondback Energy ( FANG ) reported quarterly revenue of $3.71 billion, which beat the analyst consensus estimate of $3.53 billion and is an increase over revenue of $2.23 billion from the same period last year.

Read Next: Palantir Extends Losses, Microsoft Slides: What’s Driving Markets Monday? 

Diamondback Energy’s fourth-quarter figures included:

Average production of 475.9 MBO/d (883.4 MBOE/d).

Net cash provided by operating activities of $2.3 billion; Operating Cash Flow Before Working Capital Changes of $2.3 billion.

Cash capital expenditures of $933 million.

Free Cash Flow of $1.3 billion; Adjusted Free Cash Flow of $1.4 billion.

Outlook: The company sees full-year 2025 oil production of between 485 and 498 MBO/d (883 – 909 MBOE/d) and cash capital expenditures between $3.8 billion and $4.2 billion. The company expects to drill between 446 and 471 gross (406 – 428 net) wells and complete between 557 and 592 gross (526 – 560 net) wells with an average lateral length of approximately 11,500 feet in 2025.

FANG Price Action: According to data from Benzinga Pro, Diamondback Energy ( FANG ) shares are up 1.62% after-hours at $157.75 Monday.  

Read Next: 

Financial Crime Weekly: $1.4 Billion Ethereum Stolen In Largest Crypto Hack Ever, SEC Creates Cyber And Emerging Technologies Unit

Image: Shutterstock

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