Diamondback Energy (FANG) Set to Post Earnings on Monday

Key Points

• Diamondback Energy is expected to report Q3 2026 results after Monday’s market close. Analysts forecast earnings of $5.72 per share on $4.60 billion in revenue, with a conference call scheduled for Tuesday, November 3.
• The company’s previous quarter exceeded expectations, with EPS of $6.48 versus the $6.08 consensus and revenue of $5.56 billion, up 51.2% year over year.
• Analysts maintain a generally positive view, giving FANG a “Moderate Buy” consensus rating and an average price target of $226.71 versus its recent price of $205.75. Diamondback also pays a quarterly dividend of $1.10, while insiders have sold shares worth about $28.1 million over the past 90 days.

Diamondback Energy (NASDAQ:FANG - Get Free Report) is expected to release its Q3 2026 results after the market closes on Monday, November 2nd. Analysts expect the company to post earnings of $5.72 per share and revenue of $4.60 billion for the quarter. Investors may review the information on the company's upcoming Q3 2026 earnings report page for the latest details on the call scheduled for Tuesday, November 3, 2026 at 9:00 AM ET.

Diamondback Energy (NASDAQ:FANG - Get Free Report) last issued its earnings results on Monday, August 3rd. The oil and natural gas company reported $6.48 EPS for the quarter, topping the consensus estimate of $6.08 by $0.40. Diamondback Energy had a return on equity of 10.10% and a net margin of 8.58%. The firm had revenue of $5.56 billion during the quarter, compared to the consensus estimate of $4.89 billion. During the same quarter in the previous year, the firm earned $2.38 earnings per share. The business's quarterly revenue was up 51.2% on a year-over-year basis. On average, analysts expect Diamondback Energy to post $21.49 EPS for the current fiscal year and $20.10 EPS for the next fiscal year.

Diamondback Energy Stock Performance

FANG opened at $205.75 on Monday. The company's 50 day moving average is $197.35 and its 200-day moving average is $194.46. Diamondback Energy has a 1-year low of $137.03 and a 1-year high of $216.90. The company has a current ratio of 0.47, a quick ratio of 0.45 and a debt-to-equity ratio of 0.25. The company has a market cap of $57.61 billion, a P/E ratio of 40.11 and a beta of 0.55.

Diamondback Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 20th. Investors of record on Thursday, August 13th were issued a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date was Thursday, August 13th. Diamondback Energy's dividend payout ratio (DPR) is 85.77%.

Insider Buying and Selling

In related news, Director Travis Stice sold 75,000 shares of the firm's stock in a transaction that occurred on Friday, September 11th. The shares were sold at an average price of $204.31, for a total value of $15,323,250.00. Following the completion of the transaction, the director directly owned 49,727 shares of the company's stock, valued at approximately $10,159,723.37. This trade represents a 60.13% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Charles Meloy sold 33,333 shares of the firm's stock in a transaction dated Monday, October 5th. The stock was sold at an average price of $183.74, for a total value of $6,124,605.42. Following the completion of the transaction, the director owned 759,864 shares of the company's stock, valued at approximately $139,617,411.36. This represents a 4.20% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 141,666 shares of company stock worth $28,061,456 over the last 90 days. 0.64% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

FANG has been the subject of several analyst reports. JPMorgan Chase & Co. raised their target price on Diamondback Energy from $211.00 to $233.00 in a research report on Wednesday, August 5th. Citigroup decreased their price target on Diamondback Energy from $221.00 to $220.00 and set a "buy" rating for the company in a report on Monday, August 10th. Truist Financial increased their price target on Diamondback Energy from $220.00 to $224.00 and gave the stock a "buy" rating in a report on Wednesday, August 5th. Roth Capital increased their price objective on shares of Diamondback Energy from $205.00 to $212.00 and gave the stock a "buy" rating in a research report on Tuesday, August 4th. Finally, Capital One Financial upped their target price on Diamondback Energy from $272.00 to $283.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 19th. Two analysts have rated the stock with a Strong Buy rating, twenty-four have given a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $226.71.

Diamondback Energy Company Profile

Diamondback Energy, Inc is an independent oil and natural gas company engaged in the acquisition, development, exploration and exploitation of unconventional, onshore oil and natural gas reserves. The company's operations are concentrated in the Permian Basin of West Texas and southeastern New Mexico, particularly the Midland and Delaware Basins.

Diamondback produces crude oil, natural gas and natural gas liquids from horizontal wells and related infrastructure. Its activities include drilling and completing wells, operating gathering and processing assets, and managing midstream services that support production.

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