2023-07-31 16:06:27 ET
- Diamondback Energy press release ( NASDAQ: FANG ): Q2 Non-GAAP EPS of $3.68 misses by $0.21 .
- Revenue of $1.92B (-30.7% Y/Y) beats by $30M .
- Increasing annual base dividend by 5% to $3.36 per share; declared Q2 2023 base cash dividend of $0.84 per share payable on August 17, 2023; implies a 2.3% annualized yield based on July 28, 2023 closing share price of $145.64.
- Total Q2 2023 return of capital of $473 million from stock repurchases and the declared base dividend; represents ~86% of Q2 2023 Free Cash Flow.
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Diamondback Energy Non-GAAP EPS of $3.68 misses by $0.21, revenue of $1.92B beats by $30M