Shale producer Diamondback Energy beats first-quarter profit estimates

Diamondback Energy

04/05/2026 21:03

May 4 (Reuters) - U.S. shale producer Diamondback Energy FANG.O surpassed Wall Street expectations for first-quarter profit on Monday, helped by higher oil prices and output.

The Midland, Texas-based company posted an adjusted profit of $4.23 per share for the three months ended March 31, compared with analysts' estimates of $3.30 per share, according to data compiled by LSEG.

 (Reporting by Vallari Srivastava in Bengaluru; Editing by Tasim Zahid)

 ((Srivastava.Vallari@thomsonreuters.com;))