Diamondback Energy (FANG) Initiates $0.50/Share Annual Dividend
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Diamondback Energy, Inc. Announces Fourth Quarter 2017 Financial and Operating Results; Initiating Dividend
February 13, 2018 4:01 PM ESTMIDLAND, Texas, Feb. 13, 2018 (GLOBE NEWSWIRE) -- Diamondback Energy, Inc. (NASDAQ: FANG) (Diamondback or the Company) today announced financial and operating results for the fourth quarter ended December 31, 2017.
HIGHLIGHTS
Q4 2017 net income of $115 million, or $1.16 per diluted share; adjusted net income (as defined and reconciled below) of $153 million, or $1.56 per diluted shareQ4 2017 production of 92.9 Mboe/d (74% oil), up 9% over Q3 2017 and 79% year over year; full year 2017 production of 79.2 Mboe/d (74% oil), up 84% year over year within operating cash flowProved reserves as of December 31, 2017 of... More