In what CEO Travis Stice called a “another transformational year” for his
company, Diamondback Energy Inc. reported net income of $846 million—its
highest since its 2007 formation—on record revenue of $2.2 billion. Though cash flow
from operations came in 78% higher YOY at $1.56 billion, spending was
well over double that amount
at almost $3.5 billion as the
company bought Energen Corp. during
4Q18 and other assets. The net result of the spending was 123% YOY growth of its
assets, which now......
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