Diamondback Energy, Inc. (FANG) revealed a profit for first quarter that decreased from last year
The company's bottom line totaled $712 million, or $3.88 per share. This compares with $779 million, or $4.35 per share, in last year's first quarter.
Excluding items, Diamondback Energy, Inc. reported adjusted earnings of $751 million or $4.10 per share for the period.
The company's revenue for the quarter fell 19.9% to $1.93 billion from $2.41 billion last year.
Diamondback Energy, Inc. earnings at a glance (GAAP) :
-Earnings (Q1): $712 Mln. vs. $779 Mln. last year.-EPS (Q1): $3.88 vs. $4.35 last year.-Revenue (Q1): $1.93 Bln vs. $2.41 Bln last year.
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May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.