Diamondback Energy Q4 EPS Misses by 7.2% Despite $3.38B Revenue Beat
Diamondback Energy reported Q4 EPS of $1.74 versus estimates of $1.88, missing by 7.2%, while revenue of $3.38 billion beat forecasts by 7.0% but declined 9% year over year. Production averaged 969,120 BOE/D and shares are up 17.1% year to date versus the S&P 500’s 0.9%.
1. Q4 Financial Results
Diamondback reported adjusted EPS of $1.74 for the quarter, missing the $1.88 consensus by 7.2%, while revenue of $3.38 billion topped forecasts by 7.0% but was down 9% year over year.
2. Production and Pricing Metrics
Average daily production of 969,120 BOE/D exceeded the 951,118 BOE/D estimate, with hedged oil prices at $57.07 per barrel matching forecasts, hedged natural gas at $1.03 per Mcf below the $1.12 estimate, and natural gas liquids prices of $13.51 under the $14.41 consensus.
3. Stock Performance and Outlook
Shares have risen 17.1% year to date versus the S&P 500’s 0.9% gain, and consensus estimates for Q1 call for $2.08 EPS on $3.24 billion revenue, making management commentary and estimate revisions key drivers for near-term share performance.