Diamondback Energy, Inc. Announces Second Quarter 2020 Financial and Operating Results
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Diamondback Energy (FANG) Tops Q2 EPS by 14c, Revenues Miss
August 3, 2020 4:27 PM EDTDiamondback Energy (NASDAQ: FANG) reported Q2 EPS of $0.15, $0.14 better than the analyst estimate of $0.01. Revenue for the quarter came in at $425 million versus the consensus estimate of $596.29 million.
SECOND QUARTER 2020 HIGHLIGHTS
Generated second quarter cash flow from operating activities of $324 million. Operating Cash Flow Before Working Capital Changes (as defined and reconciled below) was $390 millionQ2 2020 cash operating costs of $6.44 per BOE; including cash general and administrative ("G&A") expenses of $0.41 per BOE and lease operating... More