Diamondback Energy (FANG) Tops Q3 EPS by 20c

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Go back to Diamondback Energy (FANG) Tops Q3 EPS by 20c

Diamondback Energy, Inc. Announces Third Quarter 2016 Financial and Operating Results

November 7, 2016 4:06 PM EST

MIDLAND, Texas, Nov. 07, 2016 (GLOBE NEWSWIRE) -- Diamondback Energy, Inc. (NASDAQ: FANG) (Diamondback or the Company) today announced financial and operating results for the third quarter ended September 30, 2016.

HIGHLIGHTS

As previously announced, Q3 2016 production of 44.9 Mboe/d (73% oil), up 22% quarter over quarter and 32% year over yearCash operating costs of $9.15 per boe, including cash G&A of $0.88 per boePreviously increased full year 2016 production guidance to 41.0 to 42.0 Mboe/d, up from 38.0 to 40.0... More