Diamondback Energy is a company engaged in hydrocarbon exploration and headquartered in Midland, Texas.
| Revenue (TTM) | $16.25B |
| Gross Profit (TTM) | $11.76B |
| EBITDA | $11.78B |
| Operating Margin | 48.50% |
| Return on Equity | 3.49% |
| Return on Assets | 1.31% |
| Revenue/Share (TTM) | $57.08 |
| Book Value | $135.08 |
| Price-to-Book | 1.50 |
| Price-to-Sales (TTM) | 3.56 |
| EV/Revenue | 4.054 |
| EV/EBITDA | 9.33 |
| Quarterly Earnings Growth (YoY) | 179.50% |
| Quarterly Revenue Growth (YoY) | 52.50% |
| Shares Outstanding | $280.02M |
| Float | $204.15M |
| % Insiders | 27.12% |
| % Institutions | 73.38% |
Volatility is currently expanding
Diamondback raised 2026 production guidance without lifting its $3.9B capex plan, putting efficiency gains at the heart of its earnings momentum.
Diamondback Energy (FANG) is rated Strong Buy, with a DCF-based target price of $290 per share, implying ~45% upside. FANG's low production costs ($25.09/BOE) and efficient capital allocation underpin robust free cash flow, even under conservative commodity price assumptions. Operational flexibility enables FANG to quickly adjust production, leveraging surfactant-enhanced well productivity and new pipeline capacity for higher realized prices.
FANG tops Q2 earnings and revenue estimates as higher realized oil prices, production growth and a boosted buyback plan underscore a strong quarter.
FANG has raised 2026 output guidance without lifting capex, cut debt and positioned gas demand and well gains to support growth into 2027.
Diamondback Energy, Inc. is rated Buy with a $275 price target, supported by resilient oil prices and improving gas market fundamentals. FANG benefits from global oil supply disruptions and is poised for production growth, with forecasted 6-7% output increase in e2h26. Midstream gas constraints pressured Q2 gas prices, but new pipeline capacity and rising power demand are expected to drive future gas price recovery.
Diamondback Energy, Inc. (FANG) Q2 2026 Earnings Call Transcript
Diamondback Energy NASDAQ: FANG said its second-quarter operational performance and view of global oil inventories support a potential path toward low-single-digit organic production growth in 2027, while management emphasized it intends to retain flexibility amid commodity-market volatility.
For much of the past decade, investors treated oil price spikes as temporary disruptions that eventually faded.
The company benefited from the run-up in oil prices following the start of the war in Iran.
MIDLAND, Texas, Aug. 03, 2026 (GLOBE NEWSWIRE) -- Diamondback Energy, Inc. (NASDAQ: FANG) (“Diamondback,” “we,” “our” or the “Company”) today announced financial and operating results for the second quarter ended June 30, 2026.
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