November 5, 2019 / 9:14 PM / 11 days ago

Permian producer Diamondback's adjusted profit dips 13% on lower prices

Nov 5 (Reuters) - Permian producer Diamondback Energy Inc reported a 13% fall in adjusted quarterly profit, hurt by lower oil and gas prices.

Net income attributable to the company rose to $368 million, or $2.26 per share, in the three months ended Sept. 30, from $157 million, or $1.59 per share. Excluding items, Diamondback earned $239 million, or $1.47 per share.

Production more than doubled to 287,100 barrels of oil equivalent per day. (Reporting by Arathy S Nair in Bengaluru; Editing by Shailesh Kuber)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below