Shale producer Diamondback Energy beats second-quarter profit estimates
03/08/2026 21:03
Shale producer Diamondback Energy beats second-quarter profit 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.
(Reporting by Katha Kalia in Bengaluru; Editing by Sriraj Kalluvila)
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