Diamondback Energy, Inc. (NASDAQ:FANG) will hold its 3Q20 earnings conference call with the financial community on 3rd November 2020 at 9:00 AM Eastern Time.
The company announced the financial results for the quarter on Monday 2nd November 2020
The conference call will be webcast live on Internet at www.diamondbackenergy.com
Earnings Expectation
Diamondback Energy, Inc. independent oil and natural gas outfit, is expected to report third quarter earnings results, after market close, on Monday 2nd November 2020. Analysts polled by Thomson Reuters anticipate third quarter income of $ 0.37 per share from revenue of $ 714.08 million. Looking ahead, the full year income are expected at $ 2.49 per share on the revenues of $ 2862.81 million.
Diamondback Energy, Inc., an independent oil and natural gas company, focuses on the acquisition, development, exploration, and exploitation of unconventional and onshore oil and natural gas reserves in the Permian Basin in West Texas. It primarily focuses on the development of the Spraberry and Wolfcamp formations of the Midland basin; and the Wolfcamp and Bone Spring formations of the Delaware basin, which are part of the Permian Basin in West Texas and New Mexico. As of December 31, 2018, the companys net acreage position was approximately 461,218 acres in the Permian Basin; and estimated proved oil and natural gas reserves were 992,001 thousand barrels of crude oil equivalent.
