Q1 Earnings Estimate for FANG Issued By Zacks Research

Key Points

• Zacks Research forecasts Q1 2026 EPS of $3.50 for Diamondback and has assigned the stock a Strong-Buy rating.
• Street consensus is a Buy with a $208.05 price target; several analysts recently raised targets (e.g., KeyCorp $225) and the stock trades near $207.65 with a $58.4B market cap.
• Diamondback missed the last quarter (EPS $1.74 vs. $2.00; revenue down ~9% YoY) but raised its quarterly dividend to $1.05 (annualized $4.20, ~2.0% yield), while insiders sold roughly 1.22M shares (~$201M) in the past 90 days.

Diamondback Energy, Inc. (NASDAQ:FANG - Free Report) - Research analysts at Zacks Research issued their Q1 2026 earnings per share (EPS) estimates for Diamondback Energy in a research report issued on Thursday, April 30th. Zacks Research analyst Team anticipates that the oil and natural gas company will earn $3.50 per share for the quarter. Zacks Research has a "Strong-Buy" rating on the stock. The consensus estimate for Diamondback Energy's current full-year earnings is $18.84 per share. Zacks Research also issued estimates for Diamondback Energy's Q2 2026 earnings at $4.57 EPS, Q3 2026 earnings at $4.47 EPS, Q4 2026 earnings at $4.35 EPS, FY2026 earnings at $16.89 EPS, Q1 2027 earnings at $4.19 EPS, Q2 2027 earnings at $4.59 EPS, Q3 2027 earnings at $4.88 EPS, Q4 2027 earnings at $1.76 EPS, FY2027 earnings at $15.42 EPS and Q1 2028 earnings at $3.81 EPS.

Several other equities analysts have also issued reports on FANG. Susquehanna lifted their price target on Diamondback Energy from $182.00 to $199.00 and gave the company a "positive" rating in a research note on Wednesday, February 25th. Benchmark cut shares of Diamondback Energy from a "buy" rating to a "hold" rating in a report on Thursday, March 5th. KeyCorp raised their price target on shares of Diamondback Energy from $196.00 to $225.00 and gave the company an "overweight" rating in a research note on Thursday, April 2nd. Truist Financial assumed coverage on shares of Diamondback Energy in a report on Tuesday, March 24th. They set a "buy" rating and a $222.00 price target on the stock. Finally, Freedom Capital upgraded shares of Diamondback Energy to a "strong-buy" rating in a research report on Tuesday, March 10th. Five research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and four have assigned a Hold rating to the company's stock. Based on data from MarketBeat, Diamondback Energy presently has a consensus rating of "Buy" and a consensus price target of $208.05.

Diamondback Energy Stock Performance

NASDAQ FANG opened at $207.65 on Monday. The firm's 50 day simple moving average is $187.42 and its 200 day simple moving average is $164.43. The firm has a market capitalization of $58.41 billion, a price-to-earnings ratio of 37.01 and a beta of 0.46. 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 $207.77.

Diamondback Energy (NASDAQ:FANG - Get Free Report) last issued its quarterly earnings results on Monday, February 23rd. The oil and natural gas company reported $1.74 EPS for the quarter, missing analysts' consensus estimates of $2.00 by ($0.26). Diamondback Energy had a return on equity of 8.08% and a net margin of 11.07%.The company had revenue of $3.38 billion during the quarter, compared to the consensus estimate of $3.41 billion. During the same quarter in the previous year, the business posted $3.67 EPS. The firm's revenue for the quarter was down 9.0% on a year-over-year basis.

Diamondback Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 12th. Stockholders of record on Thursday, March 5th were paid a $1.05 dividend. The ex-dividend date of this dividend was Thursday, March 5th. This represents a $4.20 dividend on an annualized basis and a dividend yield of 2.0%. This is an increase from Diamondback Energy's previous quarterly dividend of $1.00. Diamondback Energy's payout ratio is currently 74.87%.

Insider Buying and Selling

In other Diamondback Energy news, EVP Matt Zmigrosky sold 4,101 shares of Diamondback Energy stock in a transaction that occurred on Wednesday, March 18th. The stock was sold at an average price of $190.51, for a total value of $781,281.51. Following the completion of the sale, the executive vice president directly owned 56,392 shares in the company, valued at approximately $10,743,239.92. The trade was a 6.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Teresa L. Dick sold 5,000 shares of the business's stock in a transaction that occurred on Wednesday, March 18th. The shares were sold at an average price of $190.00, for a total value of $950,000.00. Following the completion of the transaction, the chief accounting officer directly owned 107,755 shares in the company, valued at approximately $20,473,450. This trade represents a 4.43% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 1,217,069 shares of company stock worth $201,213,109. Corporate insiders own 0.64% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of FANG. Cresset Asset Management LLC boosted its position in shares of Diamondback Energy by 37.5% during the 2nd quarter. Cresset Asset Management LLC now owns 4,726 shares of the oil and natural gas company's stock worth $649,000 after purchasing an additional 1,288 shares in the last quarter. Jump Financial LLC acquired a new position in Diamondback Energy during the 2nd quarter worth approximately $2,301,000. Cerity Partners LLC raised its stake in Diamondback Energy by 13.5% during the 2nd quarter. Cerity Partners LLC now owns 51,104 shares of the oil and natural gas company's stock worth $7,022,000 after buying an additional 6,069 shares during the period. AXA S.A. boosted its holdings in Diamondback Energy by 8.5% in the second quarter. AXA S.A. now owns 52,355 shares of the oil and natural gas company's stock worth $7,194,000 after acquiring an additional 4,103 shares in the last quarter. Finally, Sei Investments Co. boosted its holdings in Diamondback Energy by 37.1% in the second quarter. Sei Investments Co. now owns 154,582 shares of the oil and natural gas company's stock worth $21,239,000 after acquiring an additional 41,866 shares in the last quarter. Institutional investors and hedge funds own 90.01% of the company's stock.

Key Stories Impacting Diamondback Energy

Here are the key news stories impacting Diamondback Energy this week:

• Positive Sentiment: UAE exits OPEC, weakening cartel coordination and boosting crude prices; higher oil improves revenue and cash-flow outlook for low-cost Permian producers like Diamondback. The UAE’s OPEC Exit Changes the Oil Trade — Here’s the Stock to Buy Now
• Positive Sentiment: Market commentary flags Diamondback as a near-term beneficiary of the OPEC shock given its low-cost Permian position, supporting upside if oil stays elevated above $100/bbl. Following UAE’s OPEC Exit Shock, Diamondback Energy Could Be the Smartest Bet Now
• Positive Sentiment: Zacks Research upgraded FANG to a "Strong-Buy" and added it to its Zacks Rank #1 list, citing model/estimate improvements that can draw investor interest and momentum buying. Zacks.com
• Positive Sentiment: Zacks Research raised its FY2028 EPS estimate for Diamondback, indicating analyst bullishness on longer-term earnings power (FY2028 EPS revised to $14.43). Is Diamondback Stock Worth Buying Before Q1 Earnings Release?
• Neutral Sentiment: Multiple earnings previews (Zacks, Yahoo) highlight Q1 as a pivotal test for FANG — metrics beyond headline revenue/earnings (volume, hedges, unit costs) will drive the read-through. Investors are positioning ahead of the May 4 report. Gear Up for Diamondback (FANG) Q1 Earnings: Wall Street Estimates for Key Metrics
• Negative Sentiment: Consensus sees Q1 revenue down roughly 5–6% year-over-year; a miss or weaker commodity realization could pressure the stock despite hedges and higher volumes. This is a near-term execution risk around the upcoming report. Is Diamondback Stock Worth Buying Before Q1 Earnings Release?

Diamondback Energy Company Profile

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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