Diamondback Energy reports Q2 EPS $4.52, consensus $4.51

Reports Q2 consolidated adjusted EBITDA was $1.7B. Adjusted EBITDA net of non-controlling interest was $1.6B. Diamondback’s second quarter 2024 Free Cash Flow was $816 M. Adjusted Free Cash Flow was $841 M. Through June 30 , Diamondback’s Free Cash Flow was $1.6 bB with $1.6B of Adjusted Free Cash Flow over the same period.As of June 30, , Diamondback had $6.9Bin standalone cash, including $5.5B raised in its senior note offering in April 2024 to fund a portion of the cash consideration for the pending Endeavor merger, and no borrowings under its revolving credit facility, with approximately $1.6B available for future borrowings under the facility and approximately $8.5B of total liquidity. As of June 30B, the Company had consolidated total debt of $12.2 billion and consolidated net debt of $5.3 billion, up from consolidated total debt of $6.8 Band down from consolidated net debt of $5.9 billion as of March 31