Diamondback Energy (FANG) Expected to Announce Quarterly Earnings on Monday

Key Points

• Diamondback is set to report Q1 2026 results after the close on May 4, with analysts forecasting $2.96 EPS and $3.5828 billion in revenue; the earnings call is scheduled for May 5 at 9:00 AM ET.
• In its last report (Feb. 23) Diamondback missed estimates—$1.74 EPS vs. $2.00 expected and $3.38B revenue vs. $3.41B—and analysts now project about $17 EPS for the current fiscal year and $15 EPS for the next.
• The company raised its quarterly dividend to $1.05 (a 2.2% yield, ~74.9% payout ratio), while insiders have sold roughly 1.217 million shares (~$201M) in the last 90 days, including a 1,000,000‑share sale by Fang Holdings.

Diamondback Energy (NASDAQ:FANG - Get Free Report) is anticipated to announce its Q1 2026 results after the market closes on Monday, May 4th. Analysts expect Diamondback Energy to post earnings of $2.96 per share and revenue of $3.5828 billion for the quarter. Investors can find conference call details on the company's upcoming Q1 2026 earning report page for the latest details on the call scheduled for Tuesday, May 5, 2026 at 9:00 AM ET.

Diamondback Energy (NASDAQ:FANG - Get Free Report) last announced its quarterly earnings results on Monday, February 23rd. The oil and natural gas company reported $1.74 EPS for the quarter, missing the consensus estimate of $2.00 by ($0.26). Diamondback Energy had a return on equity of 8.08% and a net margin of 11.07%.The business had revenue of $3.38 billion for the quarter, compared to analyst estimates of $3.41 billion. During the same quarter last year, the company earned $3.67 EPS. The business's revenue for the quarter was down 9.0% compared to the same quarter last year. On average, analysts expect Diamondback Energy to post $17 EPS for the current fiscal year and $15 EPS for the next fiscal year.

Diamondback Energy Price Performance

FANG stock opened at $194.79 on Monday. The company has a current ratio of 0.42, a quick ratio of 0.40 and a debt-to-equity ratio of 0.32. Diamondback Energy has a 1 year low of $127.75 and a 1 year high of $204.91. The company has a fifty day simple moving average of $185.00 and a 200 day simple moving average of $162.74. The firm has a market cap of $54.80 billion, a PE ratio of 34.72 and a beta of 0.50.

Diamondback Energy Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 12th. Shareholders of record on Thursday, March 5th were issued a dividend of $1.05 per share. This represents a $4.20 annualized dividend and a yield of 2.2%. This is an increase from Diamondback Energy's previous quarterly dividend of $1.00. The ex-dividend date was Thursday, March 5th. Diamondback Energy's dividend payout ratio is 74.87%.

Insider Buying and Selling at Diamondback Energy

In related news, major shareholder Fang Holdings Lp Sgf sold 1,000,000 shares of the business's stock in a transaction dated Tuesday, February 3rd. The stock was sold at an average price of $162.88, for a total transaction of $162,880,000.00. Following the completion of the transaction, the insider owned 98,686,727 shares of the company's stock, valued at approximately $16,074,094,093.76. The trade was a 1.00% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Travis D. Stice sold 63,957 shares of the firm's stock in a transaction that occurred on Friday, March 6th. The shares were sold at an average price of $181.16, for a total value of $11,586,450.12. Following the completion of the sale, the chairman directly owned 305,314 shares in the company, valued at $55,310,684.24. This trade represents a 17.32% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 1,217,069 shares of company stock worth $201,213,109 in the last ninety days. 0.64% of the stock is owned by insiders.

Hedge Funds Weigh In On Diamondback Energy

Several large investors have recently bought and sold shares of FANG. JPL Wealth Management LLC bought a new stake in Diamondback Energy in the 3rd quarter valued at $26,000. DV Equities LLC acquired a new position in shares of Diamondback Energy during the fourth quarter valued at about $38,000. Wealth Watch Advisors INC bought a new stake in shares of Diamondback Energy in the third quarter valued at about $45,000. Measured Wealth Private Client Group LLC acquired a new stake in Diamondback Energy during the third quarter worth about $48,000. Finally, Safe Harbor Fiduciary LLC acquired a new stake in Diamondback Energy during the fourth quarter worth about $74,000. 90.01% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have recently issued reports on FANG shares. Piper Sandler upped their price target on Diamondback Energy from $215.00 to $248.00 and gave the stock an "overweight" rating in a research note on Thursday, March 12th. KeyCorp raised their price objective on Diamondback Energy from $196.00 to $225.00 and gave the company an "overweight" rating in a research note on Thursday, April 2nd. The Goldman Sachs Group boosted their target price on Diamondback Energy from $187.00 to $212.00 and gave the stock a "buy" rating in a report on Wednesday, March 11th. Roth Mkm reaffirmed a "neutral" rating and set a $200.00 target price (up from $180.00) on shares of Diamondback Energy in a research report on Wednesday, April 8th. Finally, Sanford C. Bernstein lowered their price target on Diamondback Energy from $199.00 to $190.00 and set an "outperform" rating on the stock in a report on Monday, January 5th. Four equities research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, Diamondback Energy has an average rating of "Buy" and an average price target of $207.95.

About Diamondback Energy

Diamondback Energy, Inc NASDAQ: FANG is an independent oil and natural gas company focused on the development, exploration and production of unconventional resources in the Permian Basin. Headquartered in Midland, Texas, the company concentrates its operations in the core Midland and Delaware sub‑basins of West Texas and southeastern New Mexico, where it pursues contiguous acreage positions to support repeatable drilling programs.

Diamondback's activities span the upstream value chain, including leasehold acquisition, well planning, drilling, completion and production optimization.

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