What drove EBMT's strong earnings performance in 2024?

EBMT's strong earnings performance in 2024 can be attributed to several key factors:

1. **Strategic Acquisitions**: The company's recent acquisition of certain subsidiaries of Double Eagle IV Midco has significantly bolstered its asset base and production capabilities. This strategic move aligns with Diamondback's focus on expanding its portfolio through development, exploration, and exploitation of onshore reserves, which is likely to have contributed to its strong earnings performance.
2. **Financial Strength and Stability**: The transaction's completion on April 1, 2025, marks a significant corporate development for Diamondback, indicating a strong financial position and ability to execute strategic acquisitions. This financial strength is a critical factor in supporting the company's earnings growth.

In conclusion, EBMT's strong earnings performance in 2024 can be attributed to strategic acquisitions and financial strength. These factors have collectively contributed to the company's robust financial results.