Significant Oil Production Growth
Fourth quarter 2025 oil production guidance implies a roughly 20% increase in oil production per share compared to the same quarter last year. Double-digit year-over-year growth in oil production per share is expected in 2026 relative to 2025.
Strong Return of Capital
Returned 85% of cash available for distribution in the third quarter to stockholders. Combined base plus variable dividend represents a greater than 6% annualized yield, with a 10% increase from last quarter. Over $90 million of share repurchases completed during the quarter.
Non-Permian Asset Sale
Proceeds from the non-Permian asset sale will help achieve a net debt target of $1.5 billion, enabling the return of nearly 100% of cash available for distribution to stockholders.
Positive Third-Party Activity
Captured almost half of all third-party activity across the Permian Basin, with consistent capital deployment by operators outside of Diamondback.