FANG

Diamondback Energy, Inc. (FANG), headquartered in Midland, Texas, operates as an independent oil and natural gas company. With a market cap of $51.6 billion, the company acquires, develops, explores, and exploits unconventional, onshore oil and natural gas reserves in the Permian Basin in West Texas. The leading independent oil and gas company is expected to announce its fiscal second-quarter earnings for 2026 after the market closes on Monday, Aug. 3. Ahead of the event, analysts expect FANG to report a profit of $6.03 per share on a diluted basis, up 125.8% from $2.67 per share in the year-ago quarter. The company beat the consensus estimates in three of the last four quarters while missing the forecast on another occasion. Why Did the Commodity Complex Remind Me of the Bangles to Start the Week? Crude Oil Prices Surge as US Reinstates Blockade of Iran Despite Multiple, Positive Attributes, Fervo Energy Stock Looks Very Risky for Now Stop Missing Market Moves: Get the FREE Barchart Brief – your midday dose of stock movers, trending sectors, and actionable trade ideas, delivered right to your inbox. Sign Up Now! For the full year, analysts expect FANG to report EPS of $19.25, up 44% from $13.37 in fiscal 2025. However, its EPS is expected to decline 10.3% year over year to $17.27 in fiscal 2027. FANG stock has outperformed the S&P 500 Index’s ($SPX) 20.6% gains over the past 52 weeks, with shares up 28.2% during this period. Similarly, it outperformed the State Street Energy Select Sector SPDR ETF’s (XLE) 24.2% gains over the same time frame. FANG outperformed as strong oil production drove the quarter. Additionally, operational gains from better well completions, field automation, and merger synergies helped boost volumes and cut downtime, while disciplined capital spending and a flexible activity plan let the company respond to higher oil prices. Management is prioritizing debt reduction, shareholder returns, and faster Permian and Barnett development, with added rigs and crews to capture improving economics. On May 4, FANG shares closed up by 2.9% after reporting its Q1 results. Its adjusted EPS of $4.23 beat Wall Street expectations of $3.55. The company’s revenue was $4.2 billion, beating Wall Street forecasts of $3.8 billion. Analysts’ consensus opinion on FANG stock is bullish, with a “Strong Buy” rating overall. Out of 30 analysts covering the stock...

Diamondback Energy’s 27% return over the past six months has outpaced the S&P 500 by 19.2%, and its stock price has climbed to $187.18 per share. This was partly thanks to its solid quarterly results, and the performance may have investors wondering how to approach the situation. Is it too late to buy FANG? Find out in our full research report, it’s free. Sporting one of Wall Street's most memorable ticker symbols, Diamondback Energy (NASDAQ:FANG) drills for and produces oil and natural gas from underground rock formations in the Permian Basin of West Texas and New Mexico. Cyclical industries such as Energy can make mediocre companies look great for a time, but a long-term view reveals which businesses can actually withstand and adapt to changing conditions. Thankfully, Diamondback Energy’s 38.2% annualized revenue growth over the last five years was incredible. Its growth beat the average energy upstream and integrated energy company and shows its offerings resonate with customers. While energy gross margins can be distorted by commodity prices, hedging, and short-term cost swings, sustained margins across a full cycle reflect a producer’s underlying asset quality, infrastructure position, and cost structure. Diamondback Energy, which averaged 80.2% gross margin over the last five years, exhibits enviable unit economics in the sector. It means the company will remain profitable at lower commodity prices than peers with inferior gross margins and serves as an advantaged starting point for ultimate operating profits and free cash flow generation. Free cash flow isn’t a prominently featured metric in company financials and earnings releases, but we think it’s telling because it accounts for all operating and capital expenses, making it tough to manipulate. Cash is king. Diamondback Energy has shown terrific cash profitability, driven by its lucrative business model that enables it to reinvest, return capital to investors, and stay ahead of the competition. The company’s free cash flow margin was among the best in the energy upstream and integrated energy sector, averaging an eye-popping 37.1% over the last five years. These are just a few reasons why Diamondback Energy is a cream-of-the-crop energy upstream and integrated energy company, and with its shares topping the market in recent months, the stock trades at 8.6× forward P/E (or $187.18 per share). Is now...

MIDLAND, 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.m. CT. Access to the live webcast, and replay which will be available following the call, may be found here. The live webcast of the earnings conference call will also be available via Diamondback’s website at www.diamondbackenergy.com under the “Investor Relations” section of the site. About Diamondback Energy, Inc. Diamondback is an independent oil and natural gas company headquartered in Midland, Texas focused on the acquisition, development, exploration and exploitation of unconventional, onshore oil and natural gas reserves in the Permian Basin in West Texas. For more information, please visit www.diamondbackenergy.com. Investor Contact:Adam Lawlis+1 [email protected]

MIDLAND, 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. In connection with the earnings release, Viper 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 10:00 a.m. CT. Access to the live webcast, and replay which will be available following the call, may be found here. The live webcast of the earnings conference call will also be available via Viper’s website at www.viperenergy.com under the “Investor Relations” section of the site. About Viper Energy, Inc. Viper is a corporation formed by Diamondback to own, acquire and exploit oil and natural gas properties in North America, with a focus on owning and acquiring mineral and royalty interests in oil-weighted basins, primarily the Permian Basin. For more information, please visit www.viperenergy.com. About Diamondback Energy, Inc. Diamondback is an independent oil and natural gas company headquartered in Midland, Texas focused on the acquisition, development, exploration and exploitation of unconventional, onshore oil and natural gas reserves in the Permian Basin in West Texas. For more information, please visit www.diamondbackenergy.com. Investor Contact:Chip Seale+1 [email protected]

A month has gone by since the last earnings report for APA (APA). Shares have added about 5.5% in that time frame, outperforming the S&P 500. Will the recent positive trend continue leading up to its next earnings release, or is APA due for a pullback? Well, first let's take a quick look at the most recent earnings report in order to get a better handle on the recent catalysts for APA Corporation before we dive into how investors and analysts have reacted as of late. APA Corporation reported first-quarter 2026 adjusted earnings of $1.38 per share, beating the Zacks Consensus Estimate of $1.01. The bottom line rose from the year-ago adjusted profit of $1.06. The outperformance was primarily driven by higher realized oil prices and lower year-over-year expenses. Revenues of $2.2 billion were down 15.2% from the year-ago quarter’s sales but beat the Zacks Consensus Estimate by 4.8%. Meanwhile, APA continues to reward its shareholders, having paid out $88 million in dividends during the first quarter of 2026. Production of oil and natural gas averaged 442,352 BOE/d, which comprised 69% liquids. The figure was down 6% from the year-ago quarter but surpassed our expectation of 439,997 BOE/d. U.S. output (accounting for 60% of the total) fell 11% year over year to 264,720 BOE/d, but production from the company’s international operations increased 4.1% to 177,632 BOE/d. APA’s oil and natural gas liquids (NGLs) production was 304,947 barrels per day (Bbl/d). Natural gas output totaled 824,426 thousand cubic feet per day (Mcf/d). The average realized crude oil price during the first quarter was $78.69 per barrel, up 6.7% from the year-ago realization of $73.73. The number also significantly surpassed our projection of $56.74. The average realized natural gas price fell to $2.12 per thousand cubic feet (Mcf) from $2.81 in the year-ago period and missed our estimate of $3.62. APA’s first-quarter lease operating expenses totaled $362 million, down 11% from $407 million in the year-ago period. Moreover, an 84.2% drop in purchased oil/gas costs meant that total operating expenses decreased nearly 25% from the corresponding period of 2025 to $1.4 billion. The number was below our model projection of $1.5 billion. During the quarter under review, APA generated $554 million of cash from operating activities while it incurred $564 million in upstream capital expenditures. The...

A month has gone by since the last earnings report for Diamondback Energy (FANG). Shares have lost about 1.8% in that time frame, underperforming the S&P 500. Will the recent negative trend continue leading up to its next earnings release, or is Diamondback due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its latest earnings report in order to get a better handle on the important drivers. Diamondback Energy reported first-quarter 2026 adjusted earnings per share (EPS) of $4.23, which beat the Zacks Consensus Estimate of $3.55, driven by strong production. However, the company’s bottom line declined from the year-ago adjusted profit of $4.54. The underperformance was due to a 91.5% drop in the year-over-year realized natural gas prices. This Midland, TX-based oil and gas exploration and production company’s revenues of $4.2 billion increased 4.7% from the year-ago quarter and topped the Zacks Consensus Estimate by 10.6%, fueled primarily by higher sales of oil, natural gas and natural gas liquids, increased sales of purchased oil and higher revenues from other operating income. In the first quarter of 2026, Diamondback Energy generated free cash flow of about $1.7 billion, while adjusted free cash flow stood at $1.74 billion. Over the same period, it bought back nearly 3.3 million common shares for roughly $548 million at an average price of $167.61 per share, excluding excise taxes. This included a $509 million transaction to repurchase 3 million shares from SGF FANG Holdings, LP. Overall, shareholder returns totaled approximately $859 million through a combination of share repurchases and the declared base dividend for the quarter, accounting for 50% of adjusted free cash flow. FANG’s board of directors approved a 5% increase to the company's base quarterly dividend, raising it to $1.10 per common share for the first quarter of 2026, payable on May 21, 2026, to stockholders of record on May 14. FANG’s production of oil and natural gas averaged 979,356 barrels of oil equivalent per day (BOE/d), comprising 53.2% oil. The figure was up 15.1% from the year-ago quarter and beat our estimate of 951,053.3 BOE/d. While crude and natural gas output increased 9.5% and 17.7% year over year, respectively, natural gas liquids volumes climbed 26.9%. The average realized oil price during the quarter was...

For the quarter ended March 2026, Diamondback Energy (FANG) reported revenue of $4.24 billion, up 4.7% over the same period last year. EPS came in at $4.23, compared to $4.54 in the year-ago quarter. The reported revenue represents a surprise of +10.55% over the Zacks Consensus Estimate of $3.84 billion. With the consensus EPS estimate being $3.55, the EPS surprise was +19.23%. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health. Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance. Here is how Diamondback performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Average daily production / Daily combined volumes: 979,356.00 BOE/D compared to the 954,228.60 BOE/D average estimate based on eight analysts. Average Prices - Natural gas liquids, hedged: $/16.68 compared to the $/16.64 average estimate based on five analysts. Average Prices - Oil -hedged: $/72.53 versus $/69.45 estimated by five analysts on average. Average Prices - Natural gas, hedged: $1.9 per thousand cubic feet versus $2.12 per thousand cubic feet estimated by five analysts on average. Average Prices - Natural gas liquids: $/16.68 versus the four-analyst average estimate of $/17.1. Total Production Volume - Natural gas liquids: 21,519.00 MBBL versus the four-analyst average estimate of 20,890.23 MBBL. Total Production Volume - Natural gas: 118,402.00 MMcf compared to the 116,838.10 MMcf average estimate based on four analysts. Total Production Volume - Oil: 46,889.00 MBBL versus the four-analyst average estimate of 45,694.76 MBBL. Revenues- Oil, natural gas and natural gas liquid: $3.83 billion versus $3.54 billion estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +4.6% change. Revenues- Oil sales: $3.45 billion versus the four-analyst average estimate of $2.94 billion. The reported number represents a year-over-year change of +13.4%. Revenues- Natural gas liquid sales: $359 million versus the four-analyst average estimate of $354....

Riley Exploration Permian REPX has become an interesting Permian Basin oil and gas idea after its reported first-quarter results. The company delivered an earnings beat, higher year-over-year production and positive free cash flow, even as weak natural gas and NGL realizations weighed on results. For investors looking at Permian-focused exploration and production names, REPX offers a different profile from larger peers such as Diamondback Energy FANG and Permian Resources PR: it is smaller, more growth-oriented and trading at a discounted valuation. Diamondback Energy and Permian Resources also posted solid Q1 updates, but REPX’s production growth and improving estimates make the stock worth a closer look. REPX reported first-quarter 2026 adjusted earnings of $1.02 per share, topping the Zacks Consensus Estimate of 99 cents by 3%. Revenues of $114 million rose 11.1% from the year-ago period but came in slightly below expectations. The bigger story was production. Total equivalent production averaged 35.6 thousand barrels of oil equivalent per day (MBOE/d), up from 24.4 MBOE/d a year earlier, while oil production averaged 20.2 thousand barrels per day. Management said production exceeded the high end of guidance, while capital spending came in below the low end of its guided range. Like Diamondback Energy and Permian Resources, REPX benefited from strong Permian activity. However, the quarter also showed the basin’s biggest near-term challenge: gas takeaway constraints. Riley Exploration Permian’s natural gas and NGL revenues after fees were negative, reducing total net revenue. Diamondback Energy and Permian Resources also faced weak gas realizations, showing that this is not just a REPX issue but a broader Permian theme. REPX’s oil-heavy output mix helped soften the impact. Riley Exploration Permian shares have gained more than 30% in three months, outperforming other Permian-focused E&Ps such as Diamondback Energy, which is up 19%, and Permian Resources, which has advanced 17%. That relative strength suggests investors are recognizing the company’s growth story. Image Source: Zacks Investment Research Still, the stock does not look expensive. From a valuation standpoint, REPX trades at a discount to the Oil and Gas - Exploration and Production - United States subindustry on a forward price-to-earnings basis. Image Source: Zacks Investment Research The earn...

Diamondback Energy’s first quarter results surpassed Wall Street’s revenue and profit expectations, yet the share price declined following the announcement. Management attributed the quarter’s performance to robust oil production growth, driven by operational improvements in well completions and field automation. CEO Kaes Van’t Hof highlighted advances in completion design and downtime reduction as major contributors, noting, “Better wells and lower downtime is a good recipe for a production beat.” The team also credited ongoing optimization efforts and recent merger synergies for supporting both volume and efficiency gains. Is now the time to buy FANG? Find out in our full research report (it’s free). Revenue: $4.24 billion vs analyst estimates of $3.84 billion (4.7% year-on-year growth, 10.5% beat) Adjusted EPS: $4.23 vs analyst estimates of $3.75 (12.8% beat) Operating Margin: 2.7%, down from 41.3% in the same quarter last year Oil production: up 9.5% year on year Market Capitalization: $53.08 billion While we enjoy listening to the management's commentary, our favorite part of earnings calls are the analyst questions. Those are unscripted and can often highlight topics that management teams would rather avoid or topics where the answer is complicated. Here is what has caught our attention. Neil Singhvi Mehta (Goldman Sachs): Asked about the decision to increase drilling activity and the flexibility of the capital return framework. CEO Kaes Van’t Hof explained the response to global supply disruptions and reaffirmed a focus on cyclical, value-driven buybacks. Scott Michael Hanold (RBC Capital Markets): Inquired about the drivers of stronger production performance and sustainability of well outperformance. Van’t Hof attributed results to new completion designs, reduced downtime, and ongoing field automation efforts. Neal Dingmann (William Blair): Questioned the impact of negative Waha gas prices and oilfield service (OFS) inflation on activity. Van’t Hof noted robust financial and physical hedges, ongoing power project initiatives, and limited service cost inflation so far. Arun Jayaram (JPMorgan Securities): Sought clarity on capital allocation in a high oil price environment, especially for the Barnett area. Management emphasized prudent project-level returns and incremental focus on Barnett development given improved economics. John Christopher Freeman...

Diamondback Energy, Inc. FANG reported first-quarter 2026 adjusted earnings per share (EPS) of $4.23, which beat the Zacks Consensus Estimate of $3.55, driven by strong production. However, the company’s bottom line declined from the year-ago adjusted profit of $4.54. The underperformance was due to a 91.5% drop in the year-over-year realized natural gas prices. This Midland, TX-based oil and gas exploration and production company’s revenues of $4.2 billion increased 4.7% from the year-ago quarter and topped the Zacks Consensus Estimate by 10.6%, fueled primarily by higher sales of oil, natural gas and natural gas liquids, increased sales of purchased oil and higher revenues from other operating income. Diamondback Energy, Inc. price-consensus-eps-surprise-chart | Diamondback Energy, Inc. Quote In the first quarter of 2026, Diamondback Energy generated free cash flow of about $1.7 billion, while adjusted free cash flow stood at $1.74 billion. Over the same period, it bought back nearly 3.3 million common shares for roughly $548 million at an average price of $167.61 per share, excluding excise taxes. This included a $509 million transaction to repurchase 3 million shares from SGF FANG Holdings, LP. Overall, shareholder returns totaled approximately $859 million through a combination of share repurchases and the declared base dividend for the quarter, accounting for 50% of adjusted free cash flow. FANG’s board of directors approved a 5% increase to the company's base quarterly dividend, raising it to $1.10 per common share for the first quarter of 2026, payable on May 21, 2026, to stockholders of record on May 14. FANG’s production of oil and natural gas averaged 979,356 barrels of oil equivalent per day (BOE/d), comprising 53.2% oil. The figure was up 15.1% from the year-ago quarter and beat our estimate of 951,053.3 BOE/d. While crude and natural gas output increased 9.5% and 17.7% year over year, respectively, natural gas liquids volumes climbed 26.9%. The average realized oil price during the quarter was $73.47 per barrel, 3.5% higher than the year-ago realization of $70.95. The figure also beat our estimate of $51.71 per barrel. Meanwhile, the average realized natural gas price decreased to 18 cents per thousand cubic feet from $2.11 in the prior year. The figure was also below our estimate of $1.71. Overall, the upstream oil and gas company fetched $43....

Investors might want to bet on Diamondback Energy (FANG), as earnings estimates for this company have been showing solid improvement lately. The stock has already gained solid short-term price momentum, and this trend might continue with its still improving earnings outlook. Analysts' growing optimism on the earnings prospects of this energy exploration and production company is driving estimates higher, which should get reflected in its stock price. After all, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements. This insight is at the core of our stock rating tool -- the Zacks Rank. The five-grade Zacks Rank system, which ranges from a Zacks Rank #1 (Strong Buy) to a Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record of outperformance, with Zacks #1 Ranked stocks generating an average annual return of +25% since 2008. For Diamondback Energy, strong agreement among the covering analysts in revising earnings estimates upward has resulted in meaningful improvement in consensus estimates for the next quarter and full year. The chart below shows the evolution of forward 12-month Zacks Consensus EPS estimate: The earnings estimate of $5.15 per share for the current quarter represents a change of +92.9% from the number reported a year ago. The Zacks Consensus Estimate for Diamondback has increased 19.85% over the last 30 days, as three estimates have gone higher while three have gone lower. For the full year, the earnings estimate of $18.84 per share represents a change of +40.9% from the year-ago number. There has been an encouraging trend in estimate revisions for the current year as well. Over the past month, seven estimates have moved up for Diamondback versus four negative revisions. This has pushed the consensus estimate 27.61% higher. Thanks to promising estimate revisions, Diamondback currently carries a Zacks Rank #1 (Strong Buy). The Zacks Rank is a tried-and-tested rating tool that helps investors effectively harness the power of earnings estimate revisions and make the right investment decision. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Our research shows that stocks with Zacks Rank #1 (Strong Buy) and 2 (Buy) significantly outperform the S&P 500. Diamondback shares have added 5.5% over the past four weeks, sugg...

Management transitioned from a 'yellow-light' to a 'green-light' framework, adding two to three rigs and a fifth completion crew in response to the world's largest oil supply disruption in history. The decision to grow production is driven by a clear market signal of declining global inventories and Diamondback's advantaged position with high-quality Permian inventory and a low cost structure. Q1 production outperformance was attributed to better-than-expected well performance, reduced downtime through automation and AI, and optimized completion designs including sand loading and perforating strategies. The company is prioritizing capital efficiency over rapid growth, choosing to run five frac crews consistently rather than fluctuating activity levels which previously led to operational inefficiencies. Management views the U.S. shale cost curve as moving upward due to geologic degradation across the basin, positioning Diamondback's low-cost, high-depth inventory as a competitive differentiator. Strategic gas marketing is becoming a secondary focus to oil, with plans to utilize natural gas for in-basin power projects and data centers to capture advantaged pricing. Oil production guidance has been raised to a new baseline of 520 thousand-plus barrels per day, with the board reviewing potential further increases on a quarter-by-quarter basis. The company intends to use excess free cash flow to rapidly pay down debt, aiming to reach $10 billion net debt within a few months and potentially targeting zero net debt long-term. Capital allocation will shift toward debt repayment and balance sheet strength over aggressive share buybacks if stock prices continue to rise and triple-digit oil persists. Activity in the Barnett play is being accelerated to meet obligations, with well costs already trending toward the $800 per foot target necessary to compete with the base program. Management anticipates a Permian-wide rig count increase of 25–30 rigs by year-end, though they expect private operator response to be more muted than the 2022 cycle due to recent consolidation. Negative Waha gas pricing is currently impacting economics, leading to minor voluntary shut-ins of 2 thousand to 3 thousand barrels per day, though financial hedges provide significant protection. The company has ceased selling its stake in Viper Energy, maintaining a 39% ownership position to participate...