Diamondback Energy

Diamondback Energy Stock Dips After Q2 EPS Miss Estimates

Diamondback Energy, Inc. (NASDAQ:FANG) released its second-quarter results after Monday's closing bell. Here's a look at the details from the report. 

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The Details: Diamondback Energy reported quarterly earnings of $2.67 per share, which missed the analyst consensus estimate of $2.92

Quarterly revenue came in at $3.67 billion, which beat the Street estimate of $3.36 billion and is up from revenue of $2.48 billion from the same period last year.

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Diamondback Energy reported:

  • Average oil production of 495.7 MBO/d (919.9 MBOE/d).
  • Net cash provided by operating activities of $1.7 billion; Operating Cash Flow Before Working Capital Changes (as defined and reconciled below) of $2.1 billion.
  • Cash capital expenditures of $864 million.
  • Adjusted Free Cash Flow of $1.3 billion.

Diamondback Energy will host a conference call to discuss the results on Tuesday at 9 a.m. ET.

FANG Price Action: According to data from Benzinga Pro, Diamondback Energy stock was down 1.68% at $145.30 in Monday's extended trading. 

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