Diamondback Energy (FANG) Tops Q4 EPS by 1c

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Go back to Diamondback Energy (FANG) Tops Q4 EPS by 1c

Diamondback Energy, Inc. Announces Fourth Quarter and Full Year 2020 Financial and Operating Results; Increases Dividend

February 22, 2021 4:01 PM EST

MIDLAND, Texas, Feb. 22, 2021 (GLOBE NEWSWIRE) -- Diamondback Energy, Inc. (NASDAQ: FANG) (Diamondback or the Company) today announced financial and operating results for the fourth quarter and full year ended December 31, 2020.

FOURTH QUARTER 2020 HIGHLIGHTS

Q4 2020 average production of 175.8 MBO/d (299.0 MBOE/d), with average daily oil production up 3% over Q3 2020Generated Q4 2020 cash flow from operating activities of $403 million. Operating Cash Flow Before Working Capital Changes (as defined and reconciled below) of $468 millionQ4 2020 cash capital expenditures of $226... More