Diamondback Energy (FANG) Surpasses Q1 Earnings and Revenue Estimates

Core Viewpoint - Diamondback Energy reported quarterly earnings of $4.54 per share, exceeding the Zacks Consensus Estimate of $4.09 per share, and showing a slight increase from $4.50 per share a year ago, indicating a positive earnings surprise of 11% [1][2] Financial Performance - The company achieved revenues of $4.05 billion for the quarter ended March 2025, surpassing the Zacks Consensus Estimate by 8.09%, and significantly up from $2.23 billion year-over-year [2] - Over the last four quarters, Diamondback has exceeded consensus EPS estimates three times and topped revenue estimates four times [2] Stock Performance and Outlook - Diamondback shares have declined approximately 16.5% since the beginning of the year, contrasting with the S&P 500's decline of 3.3% [3] - The company's current Zacks Rank is 3 (Hold), indicating expected performance in line with the market in the near future [6] Earnings Estimates - The current consensus EPS estimate for the upcoming quarter is $3.10 on revenues of $3.51 billion, and for the current fiscal year, it is $13.47 on revenues of $14.41 billion [7] Industry Context - The Oil and Gas - Exploration and Production - United States industry is currently ranked in the bottom 18% of over 250 Zacks industries, suggesting potential challenges for stock performance [8]