Diamondback lifts annual base dividend 7.3% to $4.72 after Q3 free cash flow of $2.1 billion

Average oil production was 525 MBO/d, or 1,034 MBOE/d, with operating cash flow of $2.6 billion and free cash flow of $2.1 billion against $1.0 billion of cash capex. The annual base dividend rises 7.3% to $4.72 a share, an 18% year-over-year increase, payable November 19. Full-year oil guidance moves up to about 524 MBO/d and cash capex to $3.95-$4.00 billion.