Diamondback Energy Inc. (FANG) , one of the largest oil producers in the Permian Basin, is exploring innovative ways to meet the power demands of its drilling and fracking operations. As the company continues to expand its influence, particularly after the acquisition of Endeavor Energy, FANG faces a unique challenge to ensure a sustainable power supply in the face of an increasingly unreliable Texas power grid. Shifting From Diesel to Electric Power in the Permian BasinFor years, oil and gas companies in t ...

In the latest market close, Diamondback Energy (FANG) reached $178.12, with a -0.92% movement compared to the previous day. This move lagged the S&P 500's daily loss of 0.29%. Meanwhile, the Dow experienced a drop of 0.25%, and the technology-dominated Nasdaq saw a decrease of 0.31%.Prior to today's trading, shares of the energy exploration and production company had lost 5.26% over the past month. This has lagged the Oils-Energy sector's loss of 2.45% and the S&P 500's gain of 1.57% in that time.The invest ...

In the latest market close, Diamondback Energy (FANG) reached $168.50, with a -1.74% movement compared to the previous day. This change lagged the S&P 500's 1.07% gain on the day. Elsewhere, the Dow gained 0.31%, while the tech-heavy Nasdaq added 2.17%.Heading into today, shares of the energy exploration and production company had lost 12.57% over the past month, lagging the Oils-Energy sector's loss of 4.22% and the S&P 500's gain of 2.92% in that time.Analysts and investors alike will be keeping a close e ...

In its weekly release, Baker Hughes Company (BKR) stated that the U.S. rig count was lower than the prior week’s figure. The rotary rig count, issued by BKR, is usually published in major newspapers and trade publications.Baker Hughes’ data, issued at the end of every week since 1944, helps energy service providers gauge the overall business environment of the oil and gas industry. The number of active rigs and its comparison with the week-ago figure indicates the demand trajectory for the company’s oilfiel ...

It has been about a month since the last earnings report for Diamondback Energy (FANG) . Shares have lost about 1.2% in that time frame, underperforming the S&P 500.Will the recent negative trend continue leading up to its next earnings release, or is Diamondback due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important catalysts. Diamondback Q2 Earnings Beat Estimate ...

For new and old investors, taking full advantage of the stock market and investing with confidence are common goals. Zacks Premium provides lots of different ways to do both.The popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research reports, and Premium stock screens.It also includes access to the Zacks Style Scores.What are the Zacks Style Scores?The Zacks Style ...

In its weekly release, Baker Hughes Company (BKR) stated that the U.S. rig count was lower than the prior week’s figure. The rotary rig count, issued by BKR, is usually published in major newspapers and trade publications.Baker Hughes’ data, issued at the end of every week since 1944, helps energy service providers gauge the overall business environment of the oil and gas industry. The number of active rigs and its comparison with the week-ago figure indicates the demand trajectory for the company’s oilfiel ...

Pla2na The energy market has been among the few to be eerily quiet in 2024. While stocks face heightened volatility and gold surges to consecutive all-time highs, crude oil remains stuck in the ~$70 to ~$80 range since the end of 2022. Geopolitical turbulence and tensions have occasionally caused sharp changes in the price of oil. Still, both concerns of a demand-driven decline or a supply shock surge have failed, leaving most oil producers stagnant. I've covered Diamondback Energy (NASDAQ:FANG) since 2 ...

U.S. energy operator Diamondback Energy (FANG) reported second-quarter 2024 adjusted earnings per share of $4.52, which beat the Zacks Consensus Estimate of $4.46 and increased from the year-ago adjusted figure of $3.68. The outperformance primarily reflects stronger production and a gain in overall realization.Meanwhile, revenues of $2.5 billion rose 23.4% from the year-ago quarter’s sales and outperformed the Zacks Consensus Estimate by 14%.In good news for investors, the company is using the excess cash ...

财务业绩 - 公司在2024年第二季度录得净利润8.37亿美元[166] - 公司第二季度油气及天然气液化产品收入同比增加7300万美元至22亿美元，主要由于油价上涨和产量增加[198] - 公司销售的自有油、天然气和天然气液体总量同比增加3%[198] - 公司2024年上半年油气收入较2023年同期增加13%,主要由于产量增加和油价上涨[239] - 2024年上半年新增产量中约25%来自Viper的GRP收购,其余来自新增井[239] - 公司2024年全年净产量预计为462,000-470,000桶油当量/天,其中第三季度预计为459,000-466,000桶油当量/天[184] - 2024年第二季度公司油品销售收入为19.98亿美元,较上季度增长7%[187] - 2024年第二季度公司油品日产量为27.6万桶,较上季度增长1%[189] - 2024年第二季度公司油品价格为每桶79.51美元,较上季度上涨6%[190] - 2024年第二季度公司天然气液体销售收入为1.71亿美元,较上季度下降7%[187] 资本支出和现金流 - 公司在2024年6月30日尚未回购任何普通股,剩余16亿美元可用于未来回购[168] - 公司不包括收购的资本支出为6.37亿美元[170] - 公司2024年上半年的资本支出(不含收购和股权投资)为12.46亿美元,主要用于钻井、完井和非运营油气资产添置[277] - 公司2024年资本支出预算为23.5亿美元至24.5亿美元,主要用于在北中部和南部特拉华盆地钻探275-290口水平井和完井310-330口水平井[292] - 公司2024年上半年的营业活动现金流为28.63亿美元,较2023年同期下降[274] - 公司在2024年6月30日拥有约85亿美元的流动性,包括69亿美元的现金和现金等价物以及16亿美元的可用信贷额度[271] 债务和资本回报 - 公司向股东支付了3.52亿美元的股息,并宣布了2.34美元/股的基础股息和浮动股息[167] - 公司自2024年第一季度开始实施至少50%的自由现金流用于股票回购、基准股息和浮动股息的资本回报政策[295,296,297] - 公司2024年6月30日的总债务约为120亿美元,包括12亿美元的优先票据和1.77亿美元的信贷额度借款[284,289] - 公司2024年6月30日的信贷额度为25亿美元,其中16亿美元可用[285,286] - 公司于2024年4月发行了55亿美元的2024年4月票据,用于支付收购Endeavor的部分现金对价[287,294] 运营成本 - 公司的现金营业成本为每桶11.67美元,包括每桶5.88美元的租赁经营费用、每桶0.63美元的现金一般管理费用以及每桶5.16美元的生产和广告价值税以及收集、加工和运输费用[169] - 公司的平均日产量为474.7千桶油当量[169] - 2024年上半年租赁运营费用较2023年同期增加1.03美元/BOE,主要由于水务成本增加、产量增加、维修费用增加等[245] - 2024年上半年折旧、折耗、摊销和弃置费用较2023年同期增加0.64美元/BOE,主要由于Viper收购新增资产和产量增加[253,254] - 2024年上半年一般及管理费用较2023年同期增加0.11美元/BOE,主要由于慈善捐赠、法律费用和薪酬成本增加[256,257] - 公司2024年全年营运成本预计为每桶油当量5.90-6.40美元,折旧摊销预计为每桶油当量10.75-11.50美元[185] 收购和整合 - 公司完成了WTG中游交易,获得了1.9亿美元现金和1,010万股Energy Transfer LP普通股[171] - 公司预计将在2024年第三或第四季度完成对Endeavor的收购,收购对价包括80亿美元现金和约1.1727亿股公司普通股[173] - 2024年上半年并购整合费用较2023年同期增加500万美元,主要与正在进行的Endeavor收购相关[260,261] - 公司Diamondback E&P是担保优先票据的唯一担保人[298] 其他 - 公司在中兰盆地钻探了71口水平井,在特拉华盆地钻探了9口水平井,并投产了86口运营水平井[170] - 截至2024年6月30日,公司共运营5,756口井,其中中部盆地5,031口,特拉华盆地725口[181] - 公司持有约484,992净亩土地,主要位于中部盆地和特拉华盆地[178] - 公司2024年上半年共完成159口水平井,其中中部盆地完成180口,特拉华盆地完成7口[179] - 公司2024年第三季度现金税率预计为15%-18%,约2.2-2.6亿美元[186] - 公司从第三方购买油并单独销售以满足未使用的油管运输承诺,第二季度净销售额为100万美元[200]