Diamondback Energy (FANG) Misses Q1 EPS by 3c
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Diamondback Energy, Inc. Announces First Quarter 2014 Financial and Operating Results
May 7, 2014 4:20 PM EDTMIDLAND, Texas, May 7, 2014 (GLOBE NEWSWIRE) -- Diamondback Energy, Inc. (Nasdaq: FANG) ("Diamondback" or the "Company") today announced financial and operating results for the first quarter ended March 31, 2014.
During the first quarter of 2014, net income was $23.6 million, or $0.48 per diluted share. Net income for the first quarter includes a non-cash loss on commodity derivatives of $3.3 million ($2.1 million net of tax), or $0.04 per diluted share. Without the impact of this item, net income for the first quarter of 2014 would have been $25.7 million, or $0.53 per diluted share.
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