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Diamondback (FANG) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates
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For the quarter ended March 2025, Diamondback Energy (FANG - Free Report) reported revenue of $4.05 billion, up 81.8% over the same period last year. EPS came in at $4.54, compared to $4.50 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $3.75 billion, representing a surprise of +8.09%. The company delivered an EPS surprise of +11.00%, with the consensus EPS estimate being $4.09.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Diamondback performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Average daily production / Daily combined volumes: 850,656 BOE/D compared to the 855,815.5 BOE/D average estimate based on nine analysts.
Average Prices - Natural gas: $2.11 per thousand cubic feet versus the five-analyst average estimate of $2.18 per thousand cubic feet.
Average Prices - Oil: $70.95 per barrel versus $70.67 per barrel estimated by five analysts on average.
Average Prices - Natural gas, hedged: $3.34 per thousand cubic feet versus the five-analyst average estimate of $2.92 per thousand cubic feet.
Average Prices - Oil -hedged: $70.06 per barrel versus the five-analyst average estimate of $70.36 per barrel.
Total Production Volume - Natural gas liquids: 16,961 MBBL versus the five-analyst average estimate of 17,430.23 MBBL.
Total Production Volume - Natural gas: 100,578 MMcf versus 100,087 MMcf estimated by five analysts on average.
Total Production Volume - Oil: 42,835 MBBL versus the five-analyst average estimate of 42,783.51 MBBL.
Average Prices - Natural gas liquids: $23.94 per barrel compared to the $23.27 per barrel average estimate based on five analysts.
Total Production Volume (Combined volumes): 76,559 MBOE compared to the 76,894.9 MBOE average estimate based on five analysts.
Average Prices - Natural gas liquids, hedged: $23.94 per barrel versus $22.61 per barrel estimated by five analysts on average.
Revenues- Oil, natural gas and natural gas liquid: $3.66 billion versus $3.67 billion estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +74.1% change.
Shares of Diamondback have returned +10.9% over the past month versus the Zacks S&P 500 composite's +0.4% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Diamondback (FANG) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates
For the quarter ended March 2025, Diamondback Energy (FANG - Free Report) reported revenue of $4.05 billion, up 81.8% over the same period last year. EPS came in at $4.54, compared to $4.50 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $3.75 billion, representing a surprise of +8.09%. The company delivered an EPS surprise of +11.00%, with the consensus EPS estimate being $4.09.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Diamondback performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Average daily production / Daily combined volumes: 850,656 BOE/D compared to the 855,815.5 BOE/D average estimate based on nine analysts.
- Average Prices - Natural gas: $2.11 per thousand cubic feet versus the five-analyst average estimate of $2.18 per thousand cubic feet.
- Average Prices - Oil: $70.95 per barrel versus $70.67 per barrel estimated by five analysts on average.
- Average Prices - Natural gas, hedged: $3.34 per thousand cubic feet versus the five-analyst average estimate of $2.92 per thousand cubic feet.
- Average Prices - Oil -hedged: $70.06 per barrel versus the five-analyst average estimate of $70.36 per barrel.
- Total Production Volume - Natural gas liquids: 16,961 MBBL versus the five-analyst average estimate of 17,430.23 MBBL.
- Total Production Volume - Natural gas: 100,578 MMcf versus 100,087 MMcf estimated by five analysts on average.
- Total Production Volume - Oil: 42,835 MBBL versus the five-analyst average estimate of 42,783.51 MBBL.
- Average Prices - Natural gas liquids: $23.94 per barrel compared to the $23.27 per barrel average estimate based on five analysts.
- Total Production Volume (Combined volumes): 76,559 MBOE compared to the 76,894.9 MBOE average estimate based on five analysts.
- Average Prices - Natural gas liquids, hedged: $23.94 per barrel versus $22.61 per barrel estimated by five analysts on average.
- Revenues- Oil, natural gas and natural gas liquid: $3.66 billion versus $3.67 billion estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +74.1% change.
View all Key Company Metrics for Diamondback here>>>Shares of Diamondback have returned +10.9% over the past month versus the Zacks S&P 500 composite's +0.4% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.