Diamondback Energy, Cypress Creek Renewables: Your Daily Energy News

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News highlights gathered by Industrial Info and IIR Energy (Sugar Land, Texas) dealing with the energy markets.

EARNINGS REPORTS
Diamondback Energy Boosts Net Income - Shale producer Diamondback Energy Incorporated (NASDAQ:FANG) (Midland, Texas) reported net income of $1.4 billion in first-quarter 2025, compared with $768 million in the first quarter of 2024. The company's oil and gas production was up significantly from the prior year. (Diamondback Energy)

POWER
Cypress Creek Renewables Achieves Financial Close for Washington Solar Project - Cypress Creek Renewables (Santa Monica, California) announced the financial close and construction start of its 104-megawatt Ostrea solar project in Yakima County, Washington. "We're thrilled to have secured financing for Ostrea, our first project to reach this milestone in Washington State," said Sarah Slusser, chief executive officer of Cypress Creek. Construction began in February this year. Subscribers to Industrial Info's Global Market Intelligence (GMI) Project Database can learn more by viewing the project report. (Cypress Creek)

Portugal's Renewables Meet 90% of Power Demand in April - Portugal's national grid operator Redes Energeticas Nacionais (REN) announced last week that the country's renewable power plants produced enough clean electricity to meet 90% of the national demand in April. Non-renewable production and imported energy covered 8% and 2% of the remaining consumption, respectively. (Renewables Now)

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About IIR Energy
Energy asset information on power plants, oil refineries and natural gas infrastructure is now more important than ever. A unit of Industrial Info Resources, IIR Energy provides infrastructure information on these assets, as well as real-time tracking of planned and unplanned interruptions affecting the commodity-trading community. We are the number one source for information about power plant outages, refinery turnarounds and midstream natural gas disruptions.

About Industrial Info
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking over 200,000 current and future projects worth $17.8 trillion (USD).