Diamondback Energy Rises After Fourth-Quarter Earnings, Strong Production Boost (NASDAQ:FANG)

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Diamondback Energy (NASDAQ: FANG) +1.6% post-market Tuesday, after reporting better-than-expected fourth-quarter adjusted earnings, helped by strong increases in oil and gas production.

Fourth-quarter net income fell to $960 million, or $5.34/share, from $1.01 billion, or $5.62/share, in the prior-year quarter, while revenue fell increased by 10% y/y to $2.23 billion.

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