Diamondback Energy (FANG) Tops Q2 EPS by 49c
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Diamondback Energy, Inc. Announces Second Quarter 2017 Financial and Operating Results
August 1, 2017 4:01 PM EDTMIDLAND, Texas, Aug. 01, 2017 (GLOBE NEWSWIRE) -- Diamondback Energy, Inc. (NASDAQ: FANG) (Diamondback or the Company) today announced financial and operating results for the second quarter ended June 30, 2017.
HIGHLIGHTS
Q2 2017 net income of $158 million, or $1.61 per diluted share (adjusted net income of $137 million, or $1.40 per diluted share)Q2 2017 production of 77.0 Mboe/d (75% oil), up 25% over Q1 2017 (15% organic growth)Increasing full year 2017 production guidance to 74.0 - 78.0 Mboe/d, up 5% from prior full year guidance midpointLowering full year 2017 CAPEX guidance to $800 - $950 million from... More