Diamondback Q1 2026: 521 MBO/d, $1.7B Free Cash Flow, and a Guidance Raise

Diamondback posted 521 MBO/d in Q1, beating guidance and generating $1.7B in free cash flow. Then it raised the dividend and the production target. Here's what the numbers say about Permian capital efficiency at $100 WTI.

Diamondback Q1 2026: 521 MBO/d, $1.7B Free Cash Flow, and a Guidance Raise