Diamondback Energy Inc. reported a significant loss of $1.46 billion in its fourth quarter, translating to a loss of $5.11 per share, though adjusted earnings per share were $1.74. This fell short of analyst expectations, who predicted $1.88 per share. Despite the loss, the company exceeded revenue forecasts, posting $3.38 billion against an expected $3.15 billion.
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Diamondback: Q4 Earnings Snapshot
Diamondback Energy Inc. reported a significant loss of $1.46 billion in its fourth quarter, translating to a loss of $5.11 per share, though adjusted earnings per share were $1.74. This fell short of analyst expectations, who predicted $1.88 per share. Despite the loss, the company exceeded revenue forecasts, posting $3.38 billion against an expected $3.15 billion.