Diamondback: Q1 Earnings Snapshot
MIDLAND, Texas (AP) — MIDLAND, Texas (AP) — Diamondback Energy Inc. (FANG) on Monday reported first-quarter profit of $1.41 billion.
On a per-share basis, the Midland, Texas-based company said it had profit of $4.83. Earnings, adjusted for non-recurring gains, were $4.54 per share.
The results topped Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $4.09 per share.
The energy exploration and production company posted revenue of $4.05 billion in the period, also topping Street forecasts. Seven analysts surveyed by Zacks expected $3.75 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on FANG at https://www.zacks.com/ap/FANG