Friday, April 4, 2025

Diamondback Predicts 65% Production Growth in 2017

2016 reserve replacement ratio 409% Diamondback Energy (ticker: FANG) announced fourth quarter results and reserves Wednesday, reporting a net income of $26 million, or $0.32 per share. Full year results are a loss of $165 million, or ($2.20) per share. These results are far better than 2015, when Q4 and full year earnings per share were ($2.80) and ($8.74), respectively.