Diamondback energy announces q1 loss per share $1.72

Diamondback energy, inc. announces first quarter 2020 financial and operating results.q1 loss per share $1.72.q1 adjusted non-gaap earnings per share $1.45.q1 earnings per share estimate $1.29 -- refinitiv ibes data.q1 2020 average production of 201.4 mbo/d (321.1 mboe/d).standalone liquidity of $1.9 billion as of march 31, 2020.hedged about 100% of expected 2020 oil production, including basis differentials and a majority of wti contract roll exposure.hedged approximately 50% of expected 2021 oil production in form of swaps and two way collars.diamondback energy - plans to voluntarily curtail 10 - 15% of expected may 2020 oil production in areas where co can manage production economically.reduced full year 2020 capital budget by over 40%.plans to average less than one completion crew in q2 2020 to meet leasehold obligations.will assess bringing completion crews back to work in q3 2020 depending on commodity prices.expects to complete less than 10% of its estimated full year 2020 completed gross well count in q2.plans to enter q3 2020 running eight drilling rigs and enter q4 2020 running seven drilling rigs.qtrly total revenue $899 million.q1 revenue view $979.6 million -- refinitiv ibes data.sees fy total net production in mboe/d of 295.0 - 310.0.sees 2020 capital spend $1,500 million - $1,900 million.
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