MIDLAND, Texas (AP) — MIDLAND, Texas (AP) — Diamondback Energy Inc. (FANG) on Monday reported third-quarter earnings of $659 million.
The Midland, Texas-based company said it had profit of $3.19 per share. Earnings, adjusted for one-time gains and costs, came to $3.38 per share.
The results did not meet Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $3.80 per share.
The energy exploration and production company posted revenue of $2.65 billion in the period, topping Street forecasts. Eight analysts surveyed by Zacks expected $2.48 billion.
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