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Diamondback Energy beats quarterly profit estimates

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Diamondback Energy beats quarterly profit estimates

Aug 5, 2024 1:18 PM

Aug 5 (Reuters) - U.S. oil and gas producer Diamondback

Energy ( FANG ) beat Wall Street estimates for second-quarter

profit on Monday, aided by strong production and elevated oil

prices.

The Midland, Texas-based company reported adjusted earnings

of $4.52 per share for the three months ended June 30, compared

with analysts' average estimate of $4.51 per share, according to

LSEG data.

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