Diamondback Energy Cuts Breakeven to $37, Expects $550M Synergies and 2.7% Base Yield
Diamondback Energy slashed its breakeven to $37 per barrel after acquiring Endeavor Energy to high-grade its Permian acreage and anticipates $550 million in annual synergies. The company’s shareholder reward plan returns 50% of free cash flow through a 2.7% base dividend plus variable payouts and stock buybacks.
Related News
INTC
Nvidia’s $91B AI Forecast, $80B Buyback Ramps Up Pressure on Intel
INTC•
TOST
Toast Sponsors ICC UK Initiative, Showcases Platform Powering 171,000 Global Locations
TOST•
MKL
Markel Appoints Danny O’Donoghue, 15-Year Fine Art & Specie Underwriter, to Lead London Unit
MKL•
BBVA
BBVA Joins 25 Banks in 37-Member Qivalis Euro Stablecoin Consortium
BBVA•
GOOGL
Google and Blackstone Form $5B AI Cloud JV for 500MW Capacity by 2027
GOOGL•
Sources
IF