MIDLAND, Texas (AP) — MIDLAND, Texas (AP) — Diamondback Energy Inc. (FANG) on Monday reported second-quarter net income of $556 million.
On a per-share basis, the Midland, Texas-based company said it had net income of $3.05. Earnings, adjusted for non-recurring costs, came to $3.68 per share.
The results did not meet Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of $3.92 per share.
The energy exploration and production company posted revenue of $1.92 billion in the period, topping Street forecasts. Ten analysts surveyed by Zacks expected $1.91 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on FANG at https://www.zacks.com/ap/FANG
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