Wednesday, December 25, 2024
Diamondback Energy misses Q1 forecasts as oil prices slide- oil and gas 360

Diamondback Energy misses Q1 forecasts as oil prices slide

Oil Price Diamondback Energy (NASDAQ: FANG) booked lower-than-expected revenues and earnings for the first quarter on the back of lower commodity prices. The U.S. shale producer reported adjusted net income of $751 million, or $4.10 per diluted share, for the first quarter, below the Zacks consensus estimate of $4.36 per share earnings.   For the first quarter of last year, Diamondback booked an adjusted

U.S. oil patch dealmaking grinds to two-year low in first quarter- oil and gas 360

U.S. oil patch dealmaking grinds to two-year low in first quarter

Nasdaq HOUSTON – U.S. oil and gas dealmaking fell to a two-year low of $8.58 billion last quarter, as combinations of natural gas companies dried up and oil buyers focused on mature plays, energy analytics firm Enverus said on Tuesday.   The results fly in the face of expectations for a tsunami of mergers and acquisitions given the giant profits