Diamondback Energy Inc reports results for the quarter ended June 30 - Earnings Summary

Diamondback Energy

03/08/2026 22:01

Diamondback Energy Inc FANG.OQ reported quarterly adjusted earnings of $6.48​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of $2.67.  The mean expectation of twenty six analysts for the quarter was for earnings of $6.01 per share. Wall Street expected results to range from $5.13  to $6.85 per share.
Revenue rose 51.2% to $5.56 billion from a year ago; analysts expected $4.90 billion. 
Diamondback Energy Inc's reported EPS for the quarter was $6.65​.
The company reported quarterly net income of $1.88 billion.
Diamondback Energy Inc shares had risen by 15.5% this quarter and gained 35.0% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts had risen by about 14.5% in the last three months.​ 
In the last 30 days, eleven analysts negatively revised earnings estimates
RECOMMENDATIONS
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 28 "strong buy" or "buy," 2 "hold" and no "sell" or "strong sell." The average consensus recommendation for the oil & gas exploration and production peer group is also "buy" 
Wall Street's median 12-month price target for Diamondback Energy Inc is $223.00, about 9% above its last closing price of $202.95
This summary was machine generated from LSEG data August 3 at 09:01 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)
QUARTER ENDING
ESTIMATE 
ACTUAL
BEAT, MET, MISSED
Jun. 30 2026 
6.01
6.48
Beat
Mar. 31 2026 
3.30
4.23
Beat
Dec. 31 2025 
2.08
1.74
Missed
Sep. 30 2025 
2.93
3.08
Beat