Diamondback Energy cuts 2025 capital budget, boosts share buybacks

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Go back to Diamondback Energy cuts 2025 capital budget, boosts share buybacks

Letter to Stockholders Issued by Diamondback Energy, Inc

August 4, 2025 4:02 PM EDT

MIDLAND, Texas, Aug. 04, 2025 (GLOBE NEWSWIRE) --

Diamondback Stockholders,

This letter is meant to be a supplement to our earnings release and is being furnished to the Securities and Exchange Commission (SEC) and released to our stockholders simultaneously with our earnings release. Please see the information regarding forward-looking statements and non-GAAP financial information included at the end of this letter.

Before we begin, we are deeply saddened by the tragic Texas flooding last month and grieve with the impacted families and communities. While there are many... More