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0.00963807037799301 0.000200793132874816 0.00145575021334266 -0.00105416394759303 0.00145575021334266 0.000200793132874816 0.00145575021334266 0.00351387982530992
Stock impact report

Diamondback Energy beats first quarter profit estimates on higher production [Reuters]

Diamondback Energy, Inc. (FANG) 
Last diamondback energy, inc. earnings: 2/18 04:01 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.diamondbackenergy.com
Company Research Source: Reuters
Crude oil prices in the quarter mirrored the previous year as production cuts by OPEC+ countries offset lower demand, helping oil producers like Diamondback Energy. Quarterly oil production was at 24.8 millions of barrels (MMBbls), up about 10% from the previous year. The company said quarterly average prices for oil was at $75.06 per barrel (Bbl), compared with $73.11 per Bbl from a year earlier. The company reported an adjusted profit of $4.50 per share for the quarter ended March 31, compared with analysts' average estimate of $4.42 per share, according to LSEG data. The Reuters Power Up newsletter provides everything you need to know about the global energy industry. Sign up Reporting by Tanay Dhumal in Bengaluru; Editing by Tasim Zahid Our Standards: Show less Read more
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