Diamondback Energy, Inc. Profit Rises In Q1

(RTTNews) - Diamondback Energy, Inc. (FANG) announced earnings for its first quarter that increased from the same period last year

The company's earnings came in at $1.41 billion, or $4.83 per share. This compares with $0.77 billion, or $4.28 per share, last year.

Excluding items, Diamondback Energy, Inc. reported adjusted earnings of $1.32 billion or $4.54 per share for the period.

The company's revenue for the period rose 81.8% to $4.048 billion from $2.227 billion last year.

Diamondback Energy, Inc. earnings at a glance (GAAP) :

-Earnings: $1.41 Bln. vs. $0.77 Bln. last year. -EPS: $4.83 vs. $4.28 last year. -Revenue: $4.048 Bln vs. $2.227 Bln last year.