Diamondback Energy Inc. reported a significant loss of $1.46 billion in its fourth quarter, translating to a loss of $5.11 per share. Despite missing Wall Street earnings expectations with adjusted earnings of $1.74 per share, the company’s revenue of $3.38 billion surpassed analyst forecasts. For the full year, Diamondback reported a profit of $1.66 billion and revenue of $15.03 billion.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Diamondback: Q4 Earnings Snapshot
Diamondback Energy Inc. reported a significant loss of $1.46 billion in its fourth quarter, translating to a loss of $5.11 per share. Despite missing Wall Street earnings expectations with adjusted earnings of $1.74 per share, the company’s revenue of $3.38 billion surpassed analyst forecasts. For the full year, Diamondback reported a profit of $1.66 billion and revenue of $15.03 billion.