Sunday, November 24, 2024

Diamondback Reports Highest Cash Margins in Company History

“M&A activity is as fundamental to Diamondback Energy as the air that we breathe”: Stice Diamondback Energy (ticker: FANG) announced first quarter results yesterday, showing net income of $163 million, or $1.65 per share. The company produced $340.7 million in adjusted EBITDA, nearly double the $175.3 million the company produced in Q1 2017. Diamondback produced 102.6 MBOEPD in Q1, up