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Diamondback Energy, Inc. Reports $1.1 Billion Quarterly Profit
By USinMinutes - Feb 24, 2025, 04:06 PM ET
Last Updated - Feb 25, 2025, 05:33 AM EST
The company records $3.7 billion revenue for Q4 ended Dec 31, 2024
Diamondback Energy, Inc. [FANG] reported $1.1 billion profit for Q4 ended Dec 31, 2024, showing an increase of $63 million in the same quarter of the previous year.
The company revealed in its 8-K filing to the SEC dated Feb 24, 2025 that it generated revenue of $3.7 billion for the period, showing an increase of $1.5 billion in the same quarter of the previous year.
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Based in Midland, Texas, the company reported $3.7 earnings per share for the period, compared to $5.3 in the last quarter.
The company's profit increased by 6.23% from $1 billion in the last quarter.
The revenue increased 66.57% from $2.2 billion in the same quarter of the previous year.
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