Everyone's definition of cash-cow stocks is different. I consider cash-cow stocks to be companies whose free cash flow (FCF) is considerably higher than the capital expenditures required to keep the business running efficiently. FCF generators with high FCF yields, defined as free cash flow divided by enterprise value, are even better. I look for those with FCF yields above 8%, although they're not that common given today's inflated share prices. Diamondback Energy (FANG) Although Diamondback Energy (NASDAQ ...

Investors will be eagerly watching for the performance of Diamondback Energy in its upcoming earnings disclosure. The company's earnings report is set to be unveiled on August 5, 2024. The company is forecasted to report an EPS of $4.81, showcasing a 30.71% upward movement from the corresponding quarter of the prior year. Simultaneously, our latest consensus estimate expects the revenue to be $2.25 billion, showing a 17.09% escalation compared to the year-ago quarter. Our research shows that these estimate ...

While people talk a big game about renewable energy infrastructure, you can't cheat physical laws. Hydrocarbons will always command greater energy density than wind or solar infrastructures. As such, it's impossible to ignore oil and gas stocks, especially when you're talking about current events. In the TTM period, Matador posted net income of $876.67 million or $7.30 per share. Revenue in the cycle reached $2.83 billion. For fiscal 2024, analysts anticipate a lift of 15.4% to $7.81. On the top line, reven ...

MIDLAND, Texas, June 24, 2024 (GLOBE NEWSWIRE) -- Viper Energy, Inc. (NASDAQ:VNOM) ("Viper"), a subsidiary of Diamondback Energy, Inc. (NASDAQ:FANG) ("Diamondback"), today announced that it plans to release second quarter 2024 financial results on August 5, 2024 after the market closes. In connection with the earnings release, Viper will host a conference call and webcast for investors and analysts to discuss its results for the second quarter of 2024 on Tuesday, August 6, 2024 at 10:00 a.m. CT. Access to t ...

About Diamondback Energy, Inc. In connection with the earnings release, Diamondback will host a conference call and webcast for investors and analysts to discuss its results for the second quarter of 2024 on Tuesday, August 6, 2024 at 8:00 a.m. CT. Access to the webcast, and replay which will be available following the call, may be found here. The live webcast of the earnings conference call will also be available via Diamondback's website at www.diamondbackenergy.com under the "Investor Relations" section ...

Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better. Stock to Watch: Diamondback Energy (FANG) Founded in 2007, Midland, TX-headquartered Diamondback Energy, Inc. is an independent oil and gas exploration & production company with its primary focus on the Permian Basin, where it has more than 490,000 net acres. Its activities are concentrated in the Wolfcamp, Spraberry and Bone Spring formations. FANG is a #3 (Hold) on the Zacks Rank, with a VGM Score of A. It also boasts a V ...

From a valuation perspective, Diamondback Energy is currently exchanging hands at a Forward P/E ratio of 9.96. This valuation marks a premium compared to its industry's average Forward P/E of 9.28. The most recent trading session ended with Diamondback Energy (FANG) standing at $193.97, reflecting a +1.93% shift from the previouse trading day's closing. The stock exceeded the S&P 500, which registered a gain of 0.26% for the day. Elsewhere, the Dow gained 0.18%, while the tech-heavy Nasdaq added 0.35%. Shar ...

Diamondback Energy's (FANG) joint venture (JV) with Five Point Energy LLC, Deep Blue Midland Basin, has acquired the water infrastructure assets from Lagoon Operating Midland. The acquisition underscores the JV's commitment to sustainable water management practices at the heart of the Midland Basin. The financial details of the transaction have not been disclosed. Lagoon's assets include a large-diameter pipeline spanning approximately 105 miles, a disposal capacity of 240,000 barrels per (bpd) and an addit ...

Strategic Acquisition Expands Deep Blue's Footprint in the Midland Basin MIDLAND, Texas, June 3, 2024 /PRNewswire/ -- Deep Blue Midland Basin LLC ("Deep Blue" or the "Company"), a joint venture between Diamondback Energy (NASDAQ: FANG) and Five Point Energy LLC ("Five Point"), announced today it has acquired Lagoon Operating – Midland, LLC ("Lagoon"). This strategic acquisition further solidifies Deep Blue's position as a key player in sustainable water management in the core of the Midland Basin. The Lagoo ...

Significance of the Sale Financial Impact: This sale represents a significant financial milestone for FANG. Through its subsidiary, Rattler Midstream LP, FANG has owned a 25% stake in Remuda Midstream Holdings LLC (WTG Midstream) since October 2021. The sale of WTG Midstream Holdings LLC represents an approximate 3.5x on invested capital for FANG. Debt Reduction Strategy: Proceeds from this transaction will be strategically used to reduce debt associated with the pending Endeavor Energy Resources, L.P. merg ...