Diamondback Energy (FANG) Q4 FY24 earnings call

Diamondback Energy delivered a strong Q4 FY24, showcasing significant improvements in capital efficiency and D&C operations, enabling a lower oil price to generate the same free cash flow per share as the prior year. The company is focused on integrating the Double Eagle acquisition, which provides a decade of high-return inventory, and is actively leaning into share repurchases given the attractive valuation. Management is also exploring innovative power generation solutions in the Permian, including potential hyperscaler data center deals, while managing increased capitalized interest from r