Diamondback Energy (FANG) Tops Q1 EPS by 69c

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Go back to Diamondback Energy (FANG) Tops Q1 EPS by 69c

Diamondback Energy, Inc. Announces First Quarter 2022 Financial and Operating Results; Increases Dividend

May 2, 2022 4:01 PM EDT

MIDLAND, Texas, May 02, 2022 (GLOBE NEWSWIRE) -- Diamondback Energy, Inc. (NASDAQ: FANG) (Diamondback or the Company) today announced financial and operating results for the first quarter March 31, 2022.

FIRST QUARTER 2022 HIGHLIGHTS

Average production of 222.8 MBO/d (381.4 MBOE/d)Cash flow from operating activities of $1,252 million; Operating Cash Flow Before Working Capital Changes (as defined and reconciled below) of $1,411 millionCash capital expenditures of $437 million; Q1 2022 activity-based capital expenditures incurred of approximately $444 millionFree... More