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

Diamondback Energy (NASDAQ:FANG) is expected to be issuing its Q3 2026 results after the market closes on Monday, November 2nd. Analysts expect Diamondback Energy to announce earnings of $5.72 per share and revenue of $4.60 billion for the quarter. Interested persons 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) last announced its quarterly earnings results on Monday, August 3rd. The oil and natural gas company reported $6.48 earnings per share for the quarter, beating analysts’ consensus estimates of $6.08 by $0.40. Diamondback Energy had a net margin of 8.58% and a return on equity of 10.10%. The business had revenue of $5.56 billion during the quarter, compared to analysts’ expectations of $4.89 billion. During the same period last year, the business earned $2.38 earnings per share. The business’s revenue for the quarter 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 Price Performance

Shares of FANG opened at $205.75 on Monday. The firm has a 50-day simple moving average of $197.35 and a two-hundred day simple moving average of $194.46. The stock has a market cap of $57.61 billion, a PE ratio of 40.11 and a beta of 0.55. Diamondback Energy has a 1-year low of $137.03 and a 1-year high of $216.90. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.47 and a quick ratio of 0.45.

Diamondback Energy Announces Dividend

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

Insider Buying and Selling

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

Analyst Upgrades and Downgrades

Several research firms recently weighed in on FANG. Wells Fargo & Company lifted their target price on shares of Diamondback Energy from $262.00 to $263.00 and gave the company an “overweight” rating in a report on Wednesday, August 5th. Morgan Stanley upped their price target on Diamondback Energy from $216.00 to $222.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 15th. Seaport Research Partners began coverage on Diamondback Energy in a research report on Thursday, September 3rd. They set a “neutral” rating for the company. UBS Group boosted their price objective on Diamondback Energy from $243.00 to $253.00 and gave the company a “buy” rating in a report on Monday, September 14th. Finally, JPMorgan Chase & Co. increased their target price on Diamondback Energy from $211.00 to $233.00 in a research note on Wednesday, August 5th. Two investment 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 company has an average rating of “Moderate Buy” and a consensus price target 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.