MIDLAND, Texas (AP) — MIDLAND, Texas (AP) — Diamondback Energy Inc. (FANG) on Monday reported second-quarter earnings of $699 million.
The Midland, Texas-based company said it had net income of $2.38 per share. Earnings, adjusted for non-recurring costs, came to $2.67 per share.
The results topped Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $2.63 per share.
The energy exploration and production company posted revenue of $3.68 billion in the period, also topping Street forecasts. Five analysts surveyed by Zacks expected $3.29 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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