Zacks Investment Research·1 day ago
Why Investors Need to Take Advantage of These 2 Oils and Energy Stocks NowInvestors looking for ways to find stocks that are set to beat quarterly earnings estimates should check out the Zacks Earnings ESP.
Diamondback Energy, Inc.(FANG)Earnings, Financials & Key Ratios
FANG•NASDAQ
$180.56
31.5× P/E·Price updated Jul 7, 2026
AboutDiamondback Energy, Inc., an independent oil and natural gas company, focuses on the acquisition, development, exploration, and exploitation of unconventional and onshore oil and natural gas reserves in the Permian Basin in West Texas. It focuses on the development of the Spraberry and Wolfcamp formations of the Midland basin; and the Wolfcamp and Bone Spring formations of the Delaware basin, which are part of the Permian Basin in West Texas and New Mexico. As of December 31, 2021, the company's total acreage position was approximately 524,700 gross acres in the Permian Basin; and estimated proved oil and natural gas reserves were 1,788,991 thousand barrels of crude oil equivalent. It also held working interests in 5,289 gross producing wells, as well as royalty interests in 6,455 additional wells. In addition, the company owns mineral interests approximately 930,871 gross acres and 27,027 net royalty acres in the Permian Basin and Eagle Ford Shale; and owns, operates, develops, and acquires midstream infrastructure assets, including 866 miles of crude oil gathering pipelines, natural gas gathering pipelines, and an integrated water system in the Midland and Delaware Basins of the Permian Basin. Diamondback Energy, Inc. was founded in 2007 and is headquartered in Midland, Texas.Show more
- Revenue$15.03B+36.3%
- EBITDA$9.96B+37.4%
- Net Income$1.66B-50.1%
- EPS (Diluted)5.73-63.1%
- Gross Margin35.16%-22.1%
- EBITDA Margin66.26%+0.8%
- Operating Margin32.73%-17.9%
- Net Margin11.07%-63.4%
- ROE4.02%-65.5%
FANG Price & Volume
Diamondback Energy, Inc. (FANG) stock price & volume — 10-year historical chart
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Volatile Permian Production Masks Structural Margin Compression
Investment Thesis • Updated 2026Q1
VerdictNeutral
Growth:Mixed
Profitability:Strained
Financial:Mixed
Cash Flow:Mixed
Primary Risk:Inventory depletion and integration
Key Thesis Takeaways
- Diamondback Energy faces significant operational headwinds as its pure-play Permian model struggles with extreme margin volatility and inconsistent capital efficiency.
- While the company has aggressively expanded its asset base to $70.1 billion, the resulting integration costs and erratic earnings quality raise concerns regarding long-term shareholder value creation.
- Investors should monitor the sustainability of capital return programs, which persisted with $1.06 billion in outflows during 2026Q1 despite a sharp contraction in operating margins to 2.7%.
Verdict Logic
while the forward P/E of 8.79 suggests potential value, the extreme instability in earnings quality and a current ratio of 0.56 warrant a cautious approach until operational margins stabilize from the 2.7% level observed in 2026Q1.
FANG Growth Metrics
Diamondback Energy, Inc. (FANG) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years42.13%
5 Years39.81%
3 Years16.24%
TTM18.35%
Profit CAGR
10 Years-
5 Years-
3 Years-27.61%
TTM-89.86%
EPS CAGR
10 Years-
5 Years-
3 Years-38.48%
TTM-94.8%
Return on Capital
10 Years7.5%
5 Years16.94%
3 Years11.75%
Last Year7.63%
FANG Recent Earnings
Diamondback Energy, Inc. (FANG) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 8/12 qtrs (67%)●Beat Revenue 10/12 qtrs (83%)
Q2 2026Latest
May 4, 2026Metric
Actual
Est
EPS
$4.23+13.1%
$3.74
Rev
$4.2B+10.6%
$3.8B
Q1 2026
Feb 23, 2026Metric
Actual
Est
EPS
$1.74-13.0%
$2.00
Rev
$3.0B-7.5%
$3.3B
Q4 2025
Nov 3, 2025Metric
Actual
Est
EPS
$3.08+4.8%
$2.94
Rev
$3.9B+11.2%
$3.5B
Q3 2025
Aug 4, 2025Metric
Actual
Est
EPS
$2.67-3.3%
$2.76
Rev
$3.7B+9.1%
$3.3B
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 4, 2026 | $4.23vs $3.74+13.1% | $4.2Bvs $3.8B+10.6% |
| Q1 2026 | Feb 23, 2026 | $1.74vs $2.00-13.0% | $3.0Bvs $3.3B-7.5% |
| Q4 2025 | Nov 3, 2025 | $3.08vs $2.94+4.8% | $3.9Bvs $3.5B+11.2% |
| Q3 2025 | Aug 4, 2025 | $2.67vs $2.76-3.3% | $3.7Bvs $3.3B+9.1% |
Based on last 12 quarters of dataView full earnings history →
Latest FANG News
Recent stock market news and headlines for Diamondback Energy, Inc. (FANG)
Globe News Wire·Jun 30, 2026
Diamondback Energy, Inc. Schedules Second Quarter 2026 Conference Call for August 4, 2026MIDLAND, Texas, June 30, 2026 (GLOBE NEWSWIRE) -- Diamondback Energy, Inc. (NASDAQ: FANG) ("Diamondback"), today announced that it plans to release second quarter 2026 financial results on August 3, 2026 after the market closes. In connection with the earnings release, Diamondback will host a conference call and webcast for investors and analysts to discuss its results for the second quarter of 2026 on Tuesday, August 4, 2026 at 8:00 a.
Globe News Wire·Jun 30, 2026
Viper Energy, Inc., a Subsidiary of Diamondback Energy, Inc., Schedules Second Quarter 2026 Conference Call for August 4, 2026MIDLAND, Texas, June 30, 2026 (GLOBE NEWSWIRE) -- Viper Energy, Inc. (NASDAQ: VNOM) ("Viper"), a subsidiary of Diamondback Energy, Inc. (NASDAQ: FANG) ("Diamondback"), today announced that it plans to release second quarter 2026 financial results on August 3, 2026 after the market closes.
GlobeNewsWire·Jun 30, 2026
Diamondback Energy, Inc. Schedules Second Quarter 2026 Conference Call for August 4, 2026MIDLAND, Texas, June 30, 2026 (GLOBE NEWSWIRE) -- Diamondback Energy, Inc. (NASDAQ: FANG) (“Diamondback”), today announced that it plans to release second quarter 2026 financial results on August 3, 2026 after the market closes.
Zacks Investment Research·Jun 30, 2026
Why Investors Need to Take Advantage of These 2 Oils and Energy Stocks NowFinding stocks expected to beat quarterly earnings estimates becomes an easier task with our Zacks Earnings ESP.
Peers Comparison
Key metrics vs top competitors for Diamondback Energy, Inc. (FANG)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $180.56 | $50.79B | 31.51 | 36.31% | 11.07% | 4.02% | 2.21% | |
| $52.14 | $6.48B | 8.56 | 5.1% | 14.38% | 8.23% | — | |
| $32.56 | $24.72B | 14.47 | -49.62% | 25.71% | 11.26% | — | |
| $27.92 | $3.21B | 4.95 | 18.07% | 3.45% | 2.49% | — | |
| $61.46 | $3.04B | 8.58 | -6.39% | 6.02% | 32.17% | — | |
| $134.54 | $71.66B | 14.77 | -3.47% | 23.41% | 18.28% | — |
Compare FANG vs Peers
Diamondback Energy, Inc. (FANG) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
FANG SEC Filings & Documents
Diamondback Energy, Inc. (FANG) SEC filings — annual & quarterly reports (10-K, 10-Q)
8-K Announcements
6Material company update
May 4, 2026·SEC
Material company update
Apr 13, 2026·SEC
Material company update
Apr 13, 2026·SEC
10-K Annual Reports
210-Q Quarterly Reports
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FANG Frequently Asked Questions
Diamondback Energy, Inc. (FANG) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
What is Diamondback Energy, Inc.'s revenue?
Diamondback Energy, Inc. (FANG) reported $15.19B in revenue for fiscal year 2025. This represents a 119364% increase from $12.7M in 2009.
How fast is Diamondback Energy, Inc. growing?
Diamondback Energy, Inc. (FANG) grew revenue by 36.3% over the past year. This is strong growth.
Is FANG profitable?
Yes, Diamondback Energy, Inc. (FANG) is profitable, generating $403.0M in net income for fiscal year 2025 (11.1% net margin).
Dividend & Returns
Does FANG pay dividends?
Yes, Diamondback Energy, Inc. (FANG) pays a dividend with a yield of 2.21%. This makes it attractive for income-focused investors.
What is FANG's return on equity?
Diamondback Energy, Inc. (FANG) has a return on equity (ROE) of 4.0%. This is below average, suggesting room for improvement.
What is Diamondback Energy, Inc.'s free cash flow?
Diamondback Energy, Inc. (FANG) generated $1.59B in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.