Diamondback Energy, Inc. (NASDAQ:FANG) reported first-quarter FY24 revenue of $2.227 billion, beating the consensus of $2.088 billion. Average daily oil volume production stood at 273.3 MBO/d, which was at the high end of the quarterly guidance range of 270 – 274 MBO/d. Daily combined volumes came in at 461.1 MBOE/d in the quarter. The company’s average unhedged realized prices stood at $75.06 per barrel of oil, $0.99 per Mcf of natural gas, and $21.26 per barrel of natural gas liquids (NGLs), resulting in a total unhedged realized price of $50.07 per BOE. Cash operating costs were $11.52 per BOE vs. $11.61 per BOE the year-ago quarter. Oil realizations remained relatively flat Q/Q at 98% of West Texas Intermediate (WTI) pricing in the quarter.  In ...