Benzinga | Nov 2, 2021 10:27AM EDT

Recap: Diamondback Energy Q3 Earnings

Diamondback Energy (NASDAQ:FANG) reported its Q3 earnings results on Monday, November 1, 2021 at 04:01 PM.

Here's what investors need to know about the announcement.

Earnings

Diamondback Energy reported in-line EPS of $2.94 versus an estimate of $2.73, which did not surprise analysts.

Revenue was up $1,190,000,000 from the same period last year.

Past Earnings Performance

Last quarter the company beat on EPS by $0.28, which was followed by a 4.93% increase in the share price the next day.

Here's a look at Diamondback Energy's past performance:



Quarter Q2 2021 Q1 2021 Q4 2020 Q3 2020EPS Estimate 2.12 1.78 0.81 0.37EPS Actual 2.40 2.30 0.82 0.62Revenue Estimate 1.32B 1.00B 769.69M 714.08MRevenue Actual 1.68B 1.18B 769.00M 720.00M

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