Diamondback Energy reported second-quarter revenue of $5.56 billion, surpassing the Zacks Consensus Estimate of $4.76 billion by 16.82%. Earnings per share came in at $6.48, beating the consensus estimate of $5.96 by 8.73%. Average daily production reached 1,017,659 barrels of oil equivalent per day, exceeding the analyst estimate of 976,804.50. Oil revenues rose 62.2% year-over-year to $4.63 billion, while natural gas liquid sales increased 18.5% to $435 million.
Diamondback Energy IncQ2 revenue and EPS beat estimates, with production exceeding expectations.
