Diamondback reported Q1 adjusted EPS of $4.23, topping analysts' $3.58 estimate by $0.65.
Revenue reached $4.24 billion, up 4.6% YoY and above the $3.74 billion consensus.
Full‑year oil production guidance lifted to 520 k bpd, implying ~5% organic YoY growth, while Q2 guidance fell short.
Free cash flow $1.7 billion; $859 million returned to shareholders via $548 million share repurchases and 5% dividend increase to $1.10.