Diamondback Energy (NASDAQ:FANG) reported its Q2 earnings results on Monday, August 1, 2022 at 04:01 PM.
Here’s what investors need to know about the announcement.
Earnings
Diamondback Energy beat estimated earnings by 6.8%, reporting an EPS of $7.07 versus an estimate of $6.62.
Revenue was up $1.09 billion from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.69 which was followed by a 6.75% increase in the share price the next day.
Here’s a look at Diamondback Energy’s past performance:
| Quarter | Q1 2022 | Q4 2021 | Q3 2021 | Q2 2021 |
|---|---|---|---|---|
| EPS Estimate | 4.51 | 3.39 | 2.73 | 2.12 |
| EPS Actual | 5.20 | 3.63 | 2.94 | 2.40 |
| Revenue Estimate | 1.91B | 1.67B | 1.49B | 1.32B |
| Revenue Actual | 2.41B | 2.02B | 1.91B | 1.68B |
To track all earnings releases for Diamondback Energy visit their earnings calendar here.
This article was generated by Benzinga’s automated content engine and reviewed by an editor.
