Published on 8 May 2024 on Zacks via Yahoo Finance
Diamondback (FANG) Q1 Earnings Beat Estimates as Output Jumps
U.S. energy operator Diamondback Energy FANG reported first-quarter 2024 adjusted earnings per share of $4.50, which beat the Zacks Consensus Estimate of $4.29 and came ahead of the year-ago adjusted figure of $4.10. The outperformance primarily reflects stronger production and a drop in overall realization.
Meanwhile, revenues of $2.2 billion rose 15.7% from the year-ago quarter’s sales and outperformed the Zacks Consensus Estimate by $137 million.