Diamondback (FANG) Q1 Earnings Beat Estimates as Output Jumps

U.S. energy operator Diamondback Energy (FANG) reported first-quarter 2024 adjusted earnings per share of $4.50, which beat the Zacks Consensus Estimate of$4.29 and came ahead of the year-ago adjusted figure of $4.10. The outperformance primarily reflects stronger production and a drop in overall realization.Meanwhile, revenues of$2.2 billion rose 15.7% from the year-ago quarter’s sales and outperformed the Zacks Consensus Estimate by $137 million.In good news for investors, the company is using the exces ...