Diamondback Energy-Compared to Estimates, Diamondback (FANG) Q4 Earnings: A Look at Key Metrics

Core Insights - Diamondback Energy reported $3.71 billion in revenue for Q4 2024, a 66.6% year-over-year increase, with an EPS of$ 3.64 compared to $4.74 a year ago [1] - The revenue exceeded the Zacks Consensus Estimate of$ 3.4 billion by 9.18%, and the EPS surpassed the consensus estimate of $3.26 by 11.66% [1] Financial Performance - Average daily production was 883,424 BOE/D, exceeding the eight-analyst average estimate of 848,018.4 BOE/D [4] - Total production volume was 81,275 MBOE, above the five-analyst average estimate of 77,953.35 MBOE [4] - Revenue from oil, natural gas, and natural gas liquids was$ 3.47 billion, compared to the $3.37 billion average estimate, reflecting a 60.3% year-over-year change [4] Price Metrics - Average price for natural gas liquids, hedged, was$ 19.27 per barrel, slightly below the $19.37 per barrel estimate [4] - Average price for oil, hedged, was$ 68.72 per barrel, compared to the $69.35 per barrel average estimate [4] - Average price for natural gas, hedged, was$ 0.82 per thousand cubic feet, lower than the $0.88 estimate [4] Stock Performance - Diamondback shares returned -9.9% over the past month, while the Zacks S&P 500 composite changed by -0.5% [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market [3]