Diamondback Energy, Inc. Q2 Profit Climbs
(RTTNews) - Diamondback Energy, Inc. (FANG) released earnings for its second quarter that Increases, from last year
The company's bottom line totaled $1.882 billion, or $6.65 per share. This compares with $699 million, or $2.38 per share, last year.
Excluding items, Diamondback Energy, Inc. reported adjusted earnings of $1.833 billion or $6.48 per share for the period.
The company's revenue for the period rose 51.2% to $5.562 billion from $3.678 billion last year.
Diamondback Energy, Inc. earnings at a glance (GAAP) :
-Earnings: $1.882 Bln. vs. $699 Mln. last year. -EPS: $6.65 vs. $2.38 last year. -Revenue: $5.562 Bln vs. $3.678 Bln last year.
Founded in the late 1990s by Andrew Mariathasan in New York, with the goal of covering Wall Street for a new generation of investors, RTTNews has expanded steadily over the years to become a trusted provider of content for a wide array of subjects across several platforms. RTT's Financial Newswire is relied upon by some of the world's largest financial institutions, including banks, brokerages, trading platforms and financial exchanges.