Diamondback Energy (FANG) Tops Q3 EPS by 25c

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Go back to Diamondback Energy (FANG) Tops Q3 EPS by 25c

Diamondback Energy, Inc. Announces Third Quarter 2020 Financial and Operating Results

November 2, 2020 4:01 PM EST

MIDLAND, Texas, Nov. 02, 2020 (GLOBE NEWSWIRE) -- Diamondback Energy, Inc. (NASDAQ: FANG) (Diamondback or the Company) today announced financial and operating results for the third quarter ended September 30, 2020.

THIRD QUARTER 2020 HIGHLIGHTS

Generated third quarter cash flow from operating activities of $542 million. Operating Cash Flow Before Working Capital Changes (as defined and reconciled below) was $434 millionGenerated third quarter Free Cash Flow (as defined and reconciled below) of $153 millionQ3 2020 cash operating costs of $7.61 per BOE; including cash general and administrative ("G&A") expenses of $0.42 per BOE and lease... More