Last $86.35 USD
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As of 8:10 PM 08/29/14 All times are local (Market data is delayed by at least 15 minutes).

diamondback energy inc (FANG) Snapshot

Open
$83.51
Previous Close
$83.20
Day High
$86.82
Day Low
$83.51
52 Week High
06/18/14 - $93.33
52 Week Low
09/3/13 - $40.81
Market Cap
4.9B
Average Volume 10 Days
932.5K
EPS TTM
$1.97
Shares Outstanding
56.6M
EX-Date
--
P/E TM
43.7x
Dividend
--
Dividend Yield
--
Current Stock Chart for DIAMONDBACK ENERGY INC (FANG)

diamondback energy inc (FANG) Related Businessweek News

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diamondback energy inc (FANG) Details

Diamondback Energy, Inc., an independent oil and natural gas company, focuses on the acquisition, development, exploration, and exploitation of onshore oil and natural gas reserves in the Permian Basin in West Texas. The company’s activities are primarily focused on the Clearfork, Spraberry, Wolfcamp, Cline, Strawn, and Atoka formations. As of December 31, 2013, its net leasehold acreage in the Permian Basin was approximately 65,938 net acres; and estimated proved oil and natural gas reserves were 63,586 thousand barrels of crude oil equivalent. The company also held interests in 306 net producing wells in the Permian Basin. Diamondback Energy, Inc. was founded in 2007 and is headquartered in Midland, Texas.

68 Employees
Last Reported Date: 02/19/14
Founded in 2007

diamondback energy inc (FANG) Top Compensated Officers

Chief Executive Officer and Director
Total Annual Compensation: $2.1M
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $560.0K
Vice President of Operations
Total Annual Compensation: $700.5K
Vice President of Drilling
Total Annual Compensation: $796.0K
Vice President of Reservoir Engineering
Total Annual Compensation: $758.7K
Compensation as of Fiscal Year 2013.

diamondback energy inc (FANG) Key Developments

Diamondback Energy, Inc. Reports Unaudited Consolidated Earnings and Production Results for the Second Quarter and Six Months Ended June 30, 2014; Provides Production and Capital Expenditures Guidance for the Year 2014

Diamondback Energy, Inc. reported unaudited consolidated earnings and production results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported revenues of $127,004,000 against $45,394,000 a year ago. Income from operations was $63,192,000 against $19,383,000 a year ago. Income before income taxes was $42,987,000 against $22,273,000 a year ago. Net income attributable to the company was $27,753,000 or $0.54 per diluted share against $14,471,000 or $0.36 per diluted share a year ago. EBITDA was $103,067,000 against $35,108,000 a year ago. Adjusted net income was $35,841,000 or $0.70 per diluted share against $12,484,000 or $0.31 per diluted share a year ago. Net cash provided by operating activities was $86,959,000 against $33,139,000 a year ago. During the second quarter of 2014, the company spent $124.1 million for drilling, completion and infrastructure. Liquidity position remains strong, with approximately $37 million of cash on hand at June 30, 2014. For the six months, the company reported revenues of $225,008,000 against $74,303,000 a year ago. Income from operations was $111,255,000 against $28,045,000 a year ago. Income before income taxes was $80,177,000 against $30,831,000 a year ago. Net income attributable to the company was $51,342,000 or $1.02 per diluted share against $19,867,000 or $0.52 per diluted share a year ago. EBITDA was $184,395,000 against $55,399,000 a year ago. Adjusted net income was $62,168,000 or $1.24 per diluted share against $17,896,000 or $0.47 per diluted share a year ago. Net cash provided by operating activities was $158,427,000 against $49,798,000 a year ago. For the quarter, the company reported oil production of 1,211 MBbl against 447 MBbl a year ago. Natural gas was 990 MMcf against 409 MMcf a year ago. Natural gas liquids were 247 MBbls against 84 MBbls a year ago. Oil Equivalents was 1,623 MBOE against 600 MBOE a year ago. For the six months, the company reported oil production of 2,171 MBbl against 748 MBbl a year ago. Natural gas was 1,698 MMcf against 760 MMcf a year ago. Natural gas liquids were 389 MBbls against 156 MBbls a year ago. Oil Equivalents was 2,843 MBOE against 1,031 MBOE a year ago. For the year 2014, the company expects total net production to be 17.0 MBoe/d to 19.0 MBoe/d. Production and Ad Valorem Taxes to be 7.1%. Capital expenditures expected to be in the range of $425 million to $475 million. Interest expenses to be in the range of $36.0 million to $38.0 million. The company continued to expect to grow production by nearly 150% in 2014 as compared to 2013.

Diamondback Energy, Inc. to Report Q2, 2014 Results on Aug 05, 2014

Diamondback Energy, Inc. announced that they will report Q2, 2014 results at 5:00 PM, Eastern Standard Time on Aug 05, 2014

Diamondback Energy, Inc., Q2 2014 Earnings Call, Aug 06, 2014

Diamondback Energy, Inc., Q2 2014 Earnings Call, Aug 06, 2014

 

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