Diamondback Energy reports Q1 adjusted EPS $4.54, consensus $4.20

Reports Q1 revenue $4.04B, consensus $3.75B. Reports Q1 average oil production of 475.9 MBO/d. The company said, “As of March 31, 2025, Diamondback had $1.3 billion in standalone cash and no borrowings outstanding under its revolving credit facility, with approximately $2.5 billion available for future borrowings under the facility and approximately $3.8 billion of total liquidity. As of March 31, 2025, the Company had consolidated total debt of $14.1 billion and consolidated net debt of $12.3 billion, up from consolidated total debt of $13.2 billion and consolidated net debt of $13.0 billion as of December 31, 2024.”