Diamondback Q4 Earnings Beat Estimates on Higher Production

U.S. energy operator Diamondback Energy (FANG) reported fourth-quarter 2024 adjusted earnings per share of $3.64, which beat the Zacks Consensus Estimate of $3.26 on strong production and lower costs.Find the latest EPS estimates and surprises on Zacks Earnings Calendar.However, the company’s bottom line fell sharply from the year-ago adjusted profit of $4.74. The underperformance primarily reflects a fall in overall realization.Meanwhile, revenues of $3.7 billion rose 67% from the year-ago quarter’s sales ...