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Diamondback Energy (FANG)
:FANG
Earnings Data
Report Date
May 05, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
3.77Last Year’s EPS
4.5Same Quarter Last Year
Strong Buy
Based on 24 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 24, 2025
|% Change Since: -4.92%
|Next Earnings Date:May 05, 2025
Earnings Call Sentiment|Positive
The earnings call reflects a strategic focus on improving capital efficiency and shareholder returns through enhanced operational execution and strategic acquisitions. However, concerns remain regarding midstream infrastructure costs, shareholder overhang, and capitalized interest related to recent transactions.Company Guidance
During the fourth quarter 2024 earnings call, Diamondback Energy provided guidance highlighting several key metrics. The company emphasized that their free cash flow per share could be achieved at $67 per barrel, down from $76 last year, indicating improved capital efficiency. The drilling and completion (D&C) plans include the drawdown of drilled but uncompleted wells (DUCs), which are expected to save approximately $200 million in CapEx. Diamondback is also undertaking infrastructure investments, with a midstream infrastructure budget of approximately $415 million, which includes $60 million for Endeavor's water business. Additionally, the company forecasts generating around $20 per share of free cash flow at $70 oil in 2025 and plans to return at least 50% of free cash flow to shareholders. They also mentioned a decade-long inventory of high-return projects with a sub-$40 breakeven oil price, ensuring sustained growth and shareholder value.Improved Capital Efficiency
Achieved a reduction in free cash flow breakeven from $76 to $67 per barrel, indicating improved capital efficiency and successful integration of the Endeavor deal.
Increased Well Completion Efficiency
Drilling and completion efficiencies have led to increased productivity, with frack fleets moving from 80 to potentially over 100 wells per fleet per year.
Strategic M&A and Inventory Expansion
Consolidated quality positions in the Permian Basin post-Double Eagle acquisition, enhancing the company's inventory and long-term strategic position.
Strong Shareholder Returns
The company remains committed to at least a 50% return of capital to shareholders and sees potential for increasing share repurchases given the current valuation levels.
Monetization of Non-Core Assets
Plans to monetize $1.5 billion in non-core assets without selling operated acreage, primarily through equity method investments and midstream assets.
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FANG Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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FANG Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 24, 2025 | $154.14 | $150.86 | -2.13% |
| Nov 04, 2024 | $177.62 | $173.54 | -2.30% |
| Aug 05, 2024 | $180.79 | $185.21 | +2.44% |
| Apr 30, 2024 | $194.44 | $189.49 | -2.55% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Diamondback Energy (FANG) report earnings?
Diamondback Energy (FANG) is schdueled to report earning on May 05, 2025, TBA Not Confirmed.
What is Diamondback Energy (FANG) earnings time?
Diamondback Energy (FANG) earnings time is at May 05, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is FANG EPS forecast?
FANG EPS forecast for the fiscal quarter 2025 (Q1) is 3.77.
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