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Diamondback Energy keeps growing per share results with a superior acquisition program. Diamondback Energy reported a significant increase in per share earnings growth to $4.66 from $3.05, with income from operations improving by 15%. The Endeavor acquisition is expected to drive future growth.
Diamondback Energy (FANG) came out with quarterly earnings of $4.52 per share, beating the Zacks Consensus Estimate of $4.46 per share. This compares to earnings of $3.68 per share a year ago.
MIDLAND, Texas, Aug. 05, 2024 (GLOBE NEWSWIRE) -- Diamondback Stockholders, This letter is meant to be a supplement to our earnings release and is being furnished to the Securities and Exchange Commission (SEC) and released to our stockholders simultaneously with our earnings release. Please see the information regarding forward-looking statements and non-GAAP financial information included at the end of this letter.
MIDLAND, Texas, Aug. 05, 2024 (GLOBE NEWSWIRE) -- Diamondback Energy, Inc. (NASDAQ: FANG) (“Diamondback” or the “Company”) today announced financial and operating results for the second quarter ended June 30, 2024.
Strong production is likely to have supported the second-quarter earnings of Diamondback Energy (FANG), only to be pegged back by lower natural gas prices.
Diamondback (FANG) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Diamondback Energy (FANG) reachead $198.83 at the closing of the latest trading day, reflecting a +0.24% change compared to its last close.
Goldman Sachs expects peak oil demand to be another decade away. Diamondback Energy's strategic growth in the Permian Basin positions it as a top producer with significant growth opportunities. FANG's efficient operations, cost-saving measures, and attractive cash return strategy make it a compelling investment in the current oil price environment.
A relatively high price of oil is helping exploration and production companies generate plenty of cash. Many oil companies, Diamondback Energy included, have taken advantage of attractive valuations to buy assets.
Diamondback (FANG) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.