Permian producer Diamondback Energy Inc. reported a 13% fall in adjusted quarterly profit, hurt by lower oil and gas prices.

Net income attributable to the company rose to $368 million, or $2.26 per share, in the three months ended Sept. 30, from $157 million, or $1.59 per share. Excluding items, Diamondback earned $239 million, or $1.47 per share.

Production more than doubled to 287,100 barrels of oil equivalent per day.