Diamondback Energy (FANG) Tops Q3 EPS by 9c

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Go back to Diamondback Energy (FANG) Tops Q3 EPS by 9c

Diamondback Energy, Inc. Announces Third Quarter 2018 Financial and Operating Results

November 6, 2018 4:01 PM EST

MIDLAND, Texas, Nov. 06, 2018 (GLOBE NEWSWIRE) -- Diamondback Energy, Inc. (NASDAQ: FANG) (Diamondback or the Company) today announced financial and operating results for the third quarter ended September 30, 2018.

THIRD QUARTER HIGHLIGHTS

Q3 2018 net income of $157 million, or $1.59 per diluted share; adjusted net income (as defined and reconciled below) of $165 million, or $1.67 per diluted shareQ3 2018 production of 123.0 Mboe/d (72% oil), up 9% over Q2 2018 and 45% year over yearIncreasing full year 2018 production guidance range to 118.5 119.5 Mboe/d, up 2% from prior guidance midpoint; implies 50% annualized growth at the midpoint from... More