Diamondback Energy Inc
F:7DB
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Diamondback Energy Inc
F:7DB
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US |
Earnings Calls
Last Earnings Call
Operations: Diamondback said its 2026 well performance is strong, with productivity gains coming from better well design, longer laterals, and continuous improvement in drilling and completions.
Gas relief: Management said Permian gas takeaway has improved, Waha turned positive in July, and new pipeline projects should help near term, even though gas egress remains a longer-term issue.
Power push: The company outlined a shovel-ready power and data-center project at Bryant Ranch, with first gas targeted for the back half of 2027 and grid-connected power as soon as 2028.
Capital returns: Diamondback kept its more flexible capital allocation approach, bought back some stock in Q2 and Q3, and reduced net debt by $1.6 billion.
Cost discipline: Management said oilfield inflation is present, especially in casing, but the company is using electric frac fleets and efficiency gains to offset much of it.