Diamondback Energy Q1 Misses Forecasts As Oil Prices Slide

May 2, 2023
Posted by: AliensFaith
Category: OBJECTIVE PRESS

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Diamondback Energy (NASDAQ: FANG) booked lower-than-expected revenues and earnings for the first quarter on the back of lower commodity prices. The U.S. shale producer reported adjusted net income of $751 million, or $4.10 per diluted share, for the first quarter, below the Zacks consensus estimate of $4.36 per share earnings. For the first quarter of last year, Diamondback booked an adjusted net income of $929 million, or $5.20 per diluted share. Revenues for Q1 2023 slid to $1.9 billion, from $2.4 billion for the same period a year ago,…

Author: AliensFaith

HighTech FinTech researcher, university lecturer & Scholar. He is studying his second doctoral degree at the Hague International University. Studying different fields of Sciences gave him a broad understanding of various aspects of life. His recent researches covered AI, Machine-learning & Automation concepts. The Information Technology Skills & Knowledge gave his company a higher position over other regional high-tech consultancy services. The other qualities and activities which can describe him are a Hobbyist Programmer, Achiever, Strategic Thinker, Futuristic person, and Frequent Traveler.

Diamondback Energy Q1 Misses Forecasts As Oil Prices Slide

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