Diamondback Energy Inc

FANG: XNAS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$116.00	Fkmrds	Xdbvfshq

Diamondback Earnings: Operational Results Support Solid Endeavor Merger

Stephen Ellis ,

Feb 21, 2024

Narrow-moat Diamondback Energy delivered a production total of 463,000 barrels of oil equivalent per day in the fourth quarter, a hair above guidance, 2% higher from the prior quarter, and in line for the full year. For 2024, management expects lower development costs and flat volumes compared with the fourth quarter, not including the Endeavor Energy merger scheduled to close at the end of this year. (Please see our Feb. 12 note for more on that deal.)

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