StockData
Diamondback Energy, Inc. logo

Diamondback Energy, Inc. (FANG) stock

FANGNasdaqCrude Petroleum & Natural GasFiscal year ends December 31
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 5, 2026Score 9/3072% above fair value
$212.08+5.65 (+2.74%)

Close on Oct 30, 2026Market cap $59.39BP/E 41.1Yield 1.89%

Earnings

Diamondback Energy's quarterly results as reported in its earnings releases, with the company's own outlook. Hover a number to see the sentence it came from.

Next report
Feb 22, 2027
Q4 FY2026 · estimated, after the close
Revenue, Q2 FY2026
$5.56B
+51.2% on a year earlier
Adjusted net income per common share - Diluted, Q2 FY2026
$6.48
$2.67 a year earlier
Latest guidance
Raised
Aug 3, 2026 · 19 items

Quarterly results

Revenue and earnings per share from each of Diamondback Energy's earnings releases, newest first

QuarterReportedRevenueYoYEPSAdj. EPSSource
Q4 FY2026ended Dec 31, 2026Feb 22, 2027Expected–––––
Q3 FY2026ended Sep 30, 2026Oct 8, 2026after the close––––Filing
Q2 FY2026ended Jun 30, 2026Aug 3, 2026after the close$5.56B+51.2%$6.65$6.48Release
Q1 FY2026ended Mar 31, 2026May 4, 2026after the close$4.24B+4.7%$0.08$4.23Release
Q4 FY2025ended Dec 31, 2025Feb 23, 2026after the close$3.38B-9.0%-$5.11$1.74Release
Q3 FY2025ended Sep 30, 2025Nov 3, 2025after the close$3.92B+48.4%$3.51$3.08Release
Q2 FY2025ended Jun 30, 2025Aug 4, 2025after the close$3.68B+48.1%$2.38$2.67Release
Q1 FY2025ended Mar 31, 2025May 5, 2025after the close$4.05B+81.8%$4.83$4.54Release
Q4 FY2024ended Dec 31, 2024Feb 24, 2025after the close$3.71B+66.6%$3.67$3.64Release
Q3 FY2024ended Sep 30, 2024Nov 4, 2024after the close$2.65B+13.0%$3.19$3.38Release
Q2 FY2024ended Jun 30, 2024Aug 5, 2024after the close$2.48B+29.4%$4.66$4.52Release
Q1 FY2024ended Mar 31, 2024Apr 30, 2024after the close$2.23B+15.7%$4.28$4.50Release

Figures as first announced; later restatements appear under Financials. Expected dates are estimated from the company's past reporting pattern.

Current guidance

Diamondback Energy's latest outlook for periods it has not reported yet, compared with what it said before

MetricPeriodGuidanceBeforeChangeGiven
Q3 2026 Capital expendituresQ3 FY2026$950.00M – $1.05B–NewAug 3, 2026
Q3 2026 Cash taxesQ3 FY2026$400.00M – $460.00M–NewAug 3, 2026
Q3 2026 Oil production - MBO/dQ3 FY2026517 – 527–NewAug 3, 2026
Q3 2026 total BOE productionQ3 FY2026995 – 1015–RaisedAug 3, 2026
2026 Total capital expendituresFY2026$3.90B$3.90BReaffirmedAug 3, 2026
2026 Net production - MBOE/dFY20261000926 – 962RaisedAug 3, 2026
2026 Oil production - MBO/dFY2026522500 – 510LoweredAug 3, 2026
Average lateral lengthFY202612,900–RaisedMay 4, 2026
Average lateral length (Ft.)FY202612,90012,900ReaffirmedAug 3, 2026
Cash G&AFY2026$1 – $1$1 – $1LoweredAug 3, 2026
Cash tax ratenon-GAAPFY202618% – 21%–ReaffirmedMay 4, 2026
Cash tax rate (% of pre-tax income)non-GAAPFY202619% – 22%18% – 21%RaisedAug 3, 2026
Corporate tax rateFY202623%–RaisedMay 4, 2026
Corporate tax rate (% of pre-tax income)GAAPFY202623%–NewAug 3, 2026
Corporate tax rate (% of pre-tax income)FY202623%–RaisedFeb 23, 2026
DD&AFY2026$14 – $15$14 – $15RaisedAug 3, 2026
Gathering, processing and transportationFY2026$1 – $2$2 – $2RaisedAug 3, 2026
Interest expense (net of interest income)FY2026$1 – $1$1 – $1LoweredAug 3, 2026
Lease operating expenses, including workoversFY2026$6 – $6$6 – $6LoweredAug 3, 2026
Net lateral footage completedFY20266100 – 6500–RaisedMay 4, 2026
Net lateral footage completed (1,000's of Ft.)FY20266100 – 65005900 – 6300LoweredAug 3, 2026
Non-cash equity-based compensationFY2026$0 – $0$0 – $0LoweredAug 3, 2026
Operated drilling and completionFY2026$3.31B$3.31BRaisedAug 3, 2026
organic year-over-year growthFY2026+5%–NewMay 4, 2026
Production and ad valorem taxesFY20267%–LoweredMay 4, 2026
Production and ad valorem taxes (% of revenue)FY20267%7%LoweredAug 3, 2026

Guidance history

Every forecast Diamondback Energy put in an earnings release, newest first

GivenMetricPeriodGuidanceChange
Aug 3, 2026Q3 2026 Capital expendituresQ3 FY2026$950.00M – $1.05BNew
Aug 3, 20262026 Total capital expendituresFY2026$3.90BReaffirmed
Aug 3, 2026Q3 2026 Oil production - MBO/dQ3 FY2026517 – 527New
Aug 3, 2026Q3 2026 total BOE productionQ3 FY2026995 – 1015Raised
Aug 3, 2026Q3 2026 Cash taxesQ3 FY2026$400.00M – $460.00MNew
Aug 3, 2026Average lateral length (Ft.)FY202612,900Reaffirmed
Aug 3, 2026Net lateral footage completed (1,000's of Ft.)FY20266100 – 6500Lowered
Aug 3, 20262026 Net production - MBOE/dFY20261000Raised
Aug 3, 20262026 Oil production - MBO/dFY2026522Lowered
Aug 3, 2026Production and ad valorem taxes (% of revenue)FY20267%Lowered
Aug 3, 2026Corporate tax rate (% of pre-tax income)FY202623%New
Aug 3, 2026Cash tax rate (% of pre-tax income)FY202619% – 22%Raised
Aug 3, 2026Lease operating expenses, including workoversFY2026$6 – $6Lowered
Aug 3, 2026Cash G&AFY2026$1 – $1Lowered
Aug 3, 2026Non-cash equity-based compensationFY2026$0 – $0Lowered
Aug 3, 2026DD&AFY2026$14 – $15Raised
Aug 3, 2026Interest expense (net of interest income)FY2026$1 – $1Lowered
Aug 3, 2026Gathering, processing and transportationFY2026$1 – $2Raised
Aug 3, 2026Operated drilling and completionFY2026$3.31BRaised
May 4, 2026Capital expendituresQ2 FY2026$925.00M – $1.03BNew

Read from the company's earnings releases; each figure links to its sentence on hover. “Raised” and “Lowered” compare with the previous range for the same metric and period.

Press releases

Releases Diamondback Energy filed with the SEC as exhibits to Form 8-K or 6-K

  1. Results
  2. Results
  3. Results
  4. Results
  5. News
  6. News
  7. News
  8. News
  9. News
  10. Results
  11. Results
  12. Results
  13. Results
  14. Results
  15. Results