Diamondback Energy (NASDAQ:FANG) reported its Q1 earnings results on Monday, May 2, 2022 at 04:01 PM.
Here's what investors need to know about the announcement.
Earnings
Diamondback Energy beat estimated earnings by 15.3%, reporting an EPS of $5.2 versus an estimate of $4.51.
Revenue was up $1.22 billion from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.24 which was followed by a 1.2% increase in the share price the next day.
Here's a look at Diamondback Energy's past performance:
| Quarter | Q4 2021 | Q3 2021 | Q2 2021 | Q1 2021 |
|---|---|---|---|---|
| EPS Estimate | 3.39 | 2.73 | 2.12 | 1.78 |
| EPS Actual | 3.63 | 2.94 | 2.40 | 2.30 |
| Revenue Estimate | 1.67B | 1.49B | 1.32B | 1.00B |
| Revenue Actual | 2.02B | 1.91B | 1.68B | 1.18B |
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.
