Shale producer Diamondback Energy beats second-quarter profit estimates
FANG•Second-quarter profit beats estimates
Aug. 3 (Reuters) - U.S. shale producer Diamondback Energy FANG.O surpassed Wall Street expectations for second-quarter profit on Monday, as supply disruptions due to the prolonged conflict in the Middle East keep global oil prices elevated.
The Midland, Texas-based company posted an adjusted profit of $6.48 per share, for the three months ended June 30, compared with analysts' estimates of $6.01 per share, according to data compiled by LSEG.
