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Stock impact report

Diamondback Energy strikes higher after Q4 earnings beat [Seeking Alpha]

ConocoPhillips (COP) 
Last conocophillips earnings: 4/30 07:00 am Check Earnings Report
Company Research Source: Seeking Alpha
Energy | On the Move Diamondback Energy strikes higher after Q4 earnings beat Feb. 18, 2020 6:41 PM ET Diamondback Energy, Inc. (FANG) Carl Surran Diamondback Energy (NASDAQ: +1.8% On an unadjusted basis, the company reported a Q4 2019 net loss of $487M, which includes a $790M impairment due to lower SEC commodity pricing. Q4 consolidated adjusted EBITDA net of non-controlling interest rose 18% Q/Q to $827M. Diamondback says Q4 production of 301.3K boe/day rose 5% Q/Q and 65% Y/Y; unhedged realized oil prices of $54.74/bbl represented ~96% of WTI and up 6% from Q3. The company reiterates FY 2020 guidance released in November: total net production of 310K-325K boe/day including oil production of 205K-215K bbl/day, lease operating expenses of $4.40-4.80/boe, 320-360 gross horizontal wells completed, $2.8B-3B capital spending. See all stocks on the move » Now read: ConocoPhillips: Looking Strong Heading Into 2020 » From other sites Show less Read more
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