Diamondback Energy (FANG) Tops Q2 EPS by 28c

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Diamondback Energy, Inc. Announces Second Quarter 2021 Financial and Operating Results

August 2, 2021 4:01 PM EDT

MIDLAND, Texas, Aug. 02, 2021 (GLOBE NEWSWIRE) -- Diamondback Energy, Inc. (NASDAQ: FANG) (Diamondback or the Company) today announced financial and operating results for the second quarter ended June 30, 2021.

SECOND QUARTER 2021 HIGHLIGHTS

Q2 2021 average production of 242.5 MBO/d (401.5 MBOE/d)Generated Q2 2021 cash flow from operating activities of $954 million; Operating Cash Flow Before Working Capital Changes (as defined and reconciled below) of $944 million, or $5.19 per diluted shareQ2 2021 cash capital expenditures of $366 million; Q2 2021 activity-based capital expenditures... More