Diamondback Energy, Inc. (NASDAQ:FANG) Q2 2024 Earnings Conference Call August 6, 2024 9:00 AM ET

Company Participants

Adam Lawlis - VP, IR
Travis Stice - Chairman and CEO
Kaes Van't Hof - President and CFO
Danny Wesson - EVP and COO

Conference Call Participants

Neal Dingmann - Truist Securities
Neil Mehta - Goldman Sachs
Arun Jayaram - JPMorgan Securities
David Deckelbaum - TD Cowen
John Freeman - Raymond James
Scott Hanold - RBC Capital Markets
Bob Brackett - Bernstein Research
Roger Read - Wells Fargo Securities
Geoff Jay - Daniel Energy Partners
Charles Meade - Johnson Rice
Paul Cheng - Scotiabank
Leo Mariani - ROTH
Kalei Akamine - Bank of America

Operator

Good day and thank you for standing by. Welcome to the Diamondback Energy Second Quarter 2024 Earnings Conference Call. At this time, all participants are in a listen-only mode. After the speakers' presentation, there will be a question-and-answer session. [Operator Instructions] Please be advised that today's conference is being recorded.

I would now like to hand the conference over to your first speaker today, Adam Lawlis, VP of Investor Relations. Please go ahead.

Adam Lawlis

Thank you, Steven. Good morning, and welcome to Diamondback's second quarter 2024 conference call. During our call today, we will reference an updated investor presentation and Letter to Stockholders, which can be found on Diamondback's website. Representing Diamondback today are Travis Stice, Chairman and CEO; Kaes Van't Hof, President and CFO; and Danny Wesson, COO.

During this conference call, the participants may make certain forward-looking statements relating to the company's financial condition, results of operations, plans, objectives, future performance and businesses. We caution you that actual results could differ materially from those that are indicated in these forward-looking statements due to a variety of factors. Information concerning these factors can be found in the company's filings with the SEC.

In addition, we will make reference to certain non-GAAP measures. The reconciliations with the appropriate GAAP measures can be found in our earnings release issued yesterday afternoon.

I'll now turn the call over to Travis Stice.

Travis Stice

Thank you, Adam, and I appreciate everyone joining this morning. I hope you continue to find the Stockholders Letter that we issued last night, an efficient way to communicate. We spent a lot of time putting that letter together, and there's a lot of material contained in the text.

Operator, would you please open the line for questions?