Reinvestment Rate Achievement
Diamondback Energy achieved a 36% reinvestment rate at mid-60s oil prices, which was highlighted as a significant accomplishment compared to historical standards.
Efficiency Improvements
Despite 20% tariffs on steel, well costs have decreased due to increased efficiencies. Continuous pumping and improved drilling techniques are expected to further reduce costs.
Strategic Gas Agreements
A long-term supply agreement was made with Competitive Power Ventures for a 1.3 gigawatt power plant, reducing exposure to Waha pricing from over 70% to 40% by 2026.
Successful Non-Core Asset Sales
Diamondback sold $1.5 billion in non-core assets at higher multiples than its trading value, strengthening the balance sheet.
Strong Buyback Program
The company is committed to buying back at least 1% of its public float per quarter as part of its capital return strategy.