Diamondback Energy Shares Climb On Better-Than-Expected Q4 Earnings

Diamondback Energy, Inc. (NASDAQ:FANG) reported fourth-quarter financial results after the bell Tuesday. Here’s a look at the highlights. 

The Details:

Diamondback Energy reported quarterly adjusted earnings of $4.74 per share, which beat the analyst consensus estimate of $4.66 by 1.72%.

The company reported quarterly sales of $2.23 billion, beating an analyst consensus estimate of $2.17 billion by 2.67% and representing a 9.75% increase over sales of $2.03 billion in the same period last year.

Diamondback said fourth-quarter oil and total production, at 273.1 MBO/d and 462.6 …

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