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Diamondback Energy

FANG

Market cap $55.9B

199.74 USD

-12.34

5.82%

At close Updated Nov 2, 4:00 PM EST

Pre-market

After hours

199.00

-0.74

0.37%

1 day

-5.82%

5 days

-3.07%

1 month

8.14%

3 months

0.5%

6 months

-6.53%

Year to date

31.11%

1 year

41.39%

5 years

74.52%

10 years

118.82%

About: Diamondback is a crude oil and natural gas exploration and production firm whose operations represent a pure-play in the US Permian Basin. The company went public in 2012 and has established itself as a top-tier independent producer through disciplined acquisition and operational excellence. The company's most transformational transaction occurred in September 2024 with the completion of its $26 billion merger with Endeavor Energy Resources, which added around 470,000 net acres and doubled Diamondback's total acreage position. Diamondback boasts an enviable position in the Midland sub-basin, with some of the lowest unit costs among its Permian peers.

Employees: 1,762

Energy Oil & Gas Exploration & Production

News

Positive

Neutral

Negative

Sentiment 3-Months

Positive 60%

Neutral 34.3%

Negative 5.7%

Zacks Investment Research

Diamondback Energy (FANG) Beats Q3 Earnings and Revenue Estimates

Diamondback Energy (FANG) came out with quarterly earnings of $5.86 per share, beating the Zacks Consensus Estimate of $4.92 per share. This compares to earnings of $3.08 per share a year ago.

Diamondback Energy (FANG) Beats Q3 Earnings and Revenue Estimates

Diamondback Energy Lifts Production Targets Again as Revenue Grows

The oil and natural gas company reported a third-quarter profit of $1.6 billion, up from $1.02 billion a year earlier.

Diamondback Energy Lifts Production Targets Again as Revenue Grows

Diamondback Energy beats third-quarter profit estimates

US shale producer Diamondback Energy surpassed Wall Street ‌expectations for third-quarter profit on Monday, helped by higher output and as ⁠supply disruptions due to the prolonged conflict in the Middle East keep global oil prices elevated.

Diamondback Energy beats third-quarter profit estimates

Diamondback Energy, Inc. Announces Third Quarter 2026 Financial and Operating Results; Increases Base Dividend

MIDLAND, Texas, Nov. 02, 2026 (GLOBE NEWSWIRE) -- Diamondback Energy, Inc. (NASDAQ: FANG) (“Diamondback,” “we,” “our” or the “Company”) today announced financial and operating results for the third quarter ended September 30, 2026. THIRD QUARTER 2026 HIGHLIGHTS Average oil production of 525 MBO/d (1,034 MBOE/d) Net cash provided by operating activities of $2.6 billion; Operating Cash Flow Before Working Capital Changes1 of $3.2 billion Cash capital expenditures of $1.0 billion Free Cash Flow1 and Adjusted Free Cash Flow1 of $2.1 billion and $2.2 billion, respectively Increased annual base dividend by 7.3% to $4.72 per share; marks an 18% year over year increase and a ~2.2% annualized yield2 Repurchased 1.3 million shares of common stock for approximately $251 million Repurchased $106 million in aggregate principal amount of 2054 and 2064 Senior Notes at a weighted average price of 94.9% of par ($103 million, including accrued interest) Acquired a 7.5% equity interest in the Solitude Pipeline System, a Permian-to-Katy natural gas pipeline ____________________________________ 1 NON-GAAP DISCLOSURES - For a definition of Operating Cash Flow Before Working Capital Changes, Free Cash Flow, Adjusted Free Cash Flow, Adjusted Net Income, Adjusted EBITDA, Adjusted Net Income per Diluted Share, Net Debt and reconciliations of such non-GAAP financial metrics to their respective most directly comparable GAAP metrics, please see “Non-GAAP Financial Measures” below.

Diamondback Energy, Inc. Announces Third Quarter 2026 Financial and Operating Results; Increases Base Dividend

Viper Energy, Inc., a Subsidiary of Diamondback Energy, Inc., Reports Third Quarter 2026 Financial and Operating Results

MIDLAND, Texas, Nov. 02, 2026 (GLOBE NEWSWIRE) -- Viper Energy, Inc. (NASDAQ:VNOM) (“Viper,” “we,” “our” or the “Company”), a subsidiary of Diamondback Energy, Inc. (NASDAQ:FANG) (“Diamondback”), today announced financial and operating results for the third quarter ended September 30, 2026.

Viper Energy, Inc., a Subsidiary of Diamondback Energy, Inc., Reports Third Quarter 2026 Financial and Operating Results

Zacks Investment Research

Exploring Analyst Estimates for Diamondback (FANG) Q3 Earnings, Beyond Revenue and EPS

Get a deeper insight into the potential performance of Diamondback (FANG) for the quarter ended September 2026 by going beyond Wall Street's top-and-bottom-line estimates and examining the estimates for some of its key metrics.

Exploring Analyst Estimates for Diamondback (FANG) Q3 Earnings, Beyond Revenue and EPS

Watching Diamondback Energy; Hearing Zacks Surprise Trader Buys Stock

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Watching Diamondback Energy; Hearing Zacks Surprise Trader Buys Stock

Zacks Investment Research

Factors You Need to Know Ahead of Diamondback's Q3 Earnings Release

FANG heads into its Q3 report with rising earnings estimates and production growth, but higher operating costs could weigh on results.

Factors You Need to Know Ahead of Diamondback's Q3 Earnings Release

24/7 Wall Street

Will the $26B Endeavor Merger Fuel a Massive Earnings Beat for FANG?

Diamondback Energy (NASDAQ:FANG | FANG Price Prediction) reports third-quarter results on Monday, November 2, after the close. The company has not yet confirmed the date.

Will the $26B Endeavor Merger Fuel a Massive Earnings Beat for FANG?

Diamondback Energy: Good At $60 Oil, Great At $100

Diamondback Energy (FANG) is rated a Buy, supported by resilient free cash flow at low oil prices and disciplined capital allocation. FANG generated $2.33B Q2 free cash flow at $96.82/bbl oil, prioritized debt reduction over buybacks, and leads peers in cash per barrel. Leverage remains a key risk, with $12.3B net debt and upcoming maturities, but management aims for a cleaner balance sheet by 2027.

Diamondback Energy: Good At $60 Oil, Great At $100

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