Diamondback Energy (FANG) Raises Quarterly Dividend 20% to $0.60; 1.9% Yield
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Diamondback Energy, Inc. Announces Fourth Quarter and Full Year 2021 Financial and Operating Results; Increases Dividend
February 22, 2022 4:01 PM ESTMIDLAND, Texas, Feb. 22, 2022 (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, 2021.
FOURTH QUARTER 2021 HIGHLIGHTS
Average production of 226.3 MBO/d (387.1 MBOE/d)Permian Basin production of 224.4 MBO/d (383.5 MBOE/d)Cash flow from operating activities of $1,167 million; Operating Cash Flow Before Working Capital Changes (as defined and reconciled below) of $1,206 millionCash capital expenditures of... More