06:40 PM EDT, 05/05/2025 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

FANG reported Q1 operating EPS of $4.54, beating consensus by $0.34, while production reached 850,700 boe/d, up 85% Y/Y but slightly below guidance of 860,000-875,000 boe/d. Average realized pricing held relatively steady at $48.89/boe, down just 2.2% Y/Y, supported by hedging activities. The company reduced its 2025 capex guidance to $3.4B-$3.8B from $3.8B-$4.2B, reflecting a prudent response to lower crude oil prices, while demonstrating strong cost management with lease operating expenses down 12% Y/Y to $5.33/boe and cash G&A expenses declining 5% to $0.72/boe. Following the successful closing of the Double Eagle acquisition on April 1, which follows last year's Endeavor Resources purchase, we believe FANG may pause its M&A activity given recent oil price weakness and the need to integrate these acquisitions.