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Diamondback Energy, Inc. Announces Improved Second Quarter 2017 Financial & Operating Results

Diamondback Energy, Inc. (Nasdaq: FANG) today announced financial and operating results for the second quarter ended June 30, 2017.

About Diamondback Energy, Inc.

Diamondback is an independent oil and natural gas company headquartered in Midland, Texas focused on the acquisition, development, exploration and exploitation of unconventional, onshore oil and natural gas reserves in the Permian Basin in West Texas. Diamondback’s activities are primarily focused on the horizontal exploitation of multiple intervals within the Wolfcamp, Spraberry, Clearfork, Bone Spring and Cline formations.

Q2 FINANCIAL HIGHLIGHTS

  • Net income: $158 million, or $1.61 per diluted share.
  • Adjusted net income: $123 million, or $1.25 per share.
  • Adjusted EBITDA:...

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