Diamondback Energy (FANG) reported Q4 earnings late Monday of $3.67 per diluted share, down from $5.34 a year earlier.
Analysts polled by FactSet expected $3.31.
Revenue for the quarter ended Dec. 31 was $3.71 billion, up from $2.23 billion a year earlier.
Analysts surveyed by FactSet expected $3.55 billion.
The company declared a base cash dividend to $1 per share for Q4 2024 from $0.90 for Q3, payable on March 13 to shareholders of record on March 6.
Shares were up nearly 2% in recent after-hours activity.
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