Diamondback Energy July-September 2021 Financial Results


Diamondback Energy (ticker symbol: FANG) announced its financial results for the period July to September 2021 on November 1, 2021.

Financial results for July-September 2021

EPS of $2.94 vs. forecast of $2.81.

Sales: $1.91 billion vs. forecast of $1.48 billion.

Sales growth rate was +165.3% YoY.

Operating cash flow was $1.2 billion.

Capital expenditures were $391 million.

Free cash flow was $740 million.

50% of free cash flow will be returned to shareholders.

We will raise our annual dividend by 11.1% to $2.00 per share.