Diamondback Energy reports Q2 EPS $3.68 consensus $3.98

Reports Q2 revenue $1.92B,consensus $1.97B. As of June 30 Diamondback had $5M in standalone cash and $343M of borrowings outstanding under its revolving credit facility, with approximately $1.26Bavailable for future borrowing under the facility and approximately $1.26B of total liquidity. As of June 30 the Company had consolidated total debt and net debt, in each case of approximately $6.7B, down from consolidated total debt and net debt, in each case of approximately $7.1B as of March 31 . Effective in June the maturity date of Diamondback’s revolving credit facility was extended from June 2, 2027 to June 2, 2028.