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

Diamondback Energy (NASDAQ:FANG) will likely be announcing its Q2 2026 results after the market closes on Monday, August 3rd. Analysts expect the company to post earnings of $6.12 per share and revenue of $4.9131 billion for the quarter. Individuals are encouraged to explore the company’s upcoming Q2 2026 earning summary page for the latest details on the call scheduled for Tuesday, August 4, 2026 at 9:00 AM ET.

Diamondback Energy (NASDAQ:FANG) last posted its quarterly earnings data on Monday, May 4th. The oil and natural gas company reported $4.23 EPS for the quarter, topping the consensus estimate of $3.74 by $0.49. The business had revenue of $4.24 billion for the quarter, compared to analyst estimates of $3.83 billion. Diamondback Energy had a net margin of 1.87% and a return on equity of 7.76%. Diamondback Energy’s quarterly revenue was up 4.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $4.54 earnings per share. On average, analysts expect Diamondback Energy to post $19 EPS for the current fiscal year and $17 EPS for the next fiscal year.

Diamondback Energy Price Performance

Shares of FANG opened at $204.68 on Monday. The stock has a market cap of $57.58 billion, a PE ratio of 238.00 and a beta of 0.42. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.55 and a current ratio of 0.56. Diamondback Energy has a fifty-two week low of $134.30 and a fifty-two week high of $214.51. The firm’s 50-day simple moving average is $191.42 and its two-hundred day simple moving average is $182.82.

Diamondback Energy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 21st. Stockholders of record on Thursday, May 14th were issued a dividend of $1.10 per share. The ex-dividend date was Thursday, May 14th. This is a positive change from Diamondback Energy’s previous quarterly dividend of $1.05. This represents a $4.40 annualized dividend and a dividend yield of 2.1%. Diamondback Energy’s dividend payout ratio (DPR) is 511.63%.

Analysts Set New Price Targets

Several analysts recently weighed in on FANG shares. Wall Street Zen upgraded Diamondback Energy from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Weiss Ratings cut Diamondback Energy from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, July 16th. Zacks Research downgraded Diamondback Energy from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 28th. KeyCorp boosted their target price on Diamondback Energy from $196.00 to $225.00 and gave the stock an “overweight” rating in a report on Thursday, April 2nd. Finally, Mizuho increased their target price on Diamondback Energy from $220.00 to $240.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 27th. Four equities research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $218.68.

Insider Activity

In related news, Director Charles Alvin Meloy sold 83,334 shares of the business’s stock in a transaction that occurred on Tuesday, June 16th. The shares were sold at an average price of $187.12, for a total value of $15,593,458.08. Following the completion of the transaction, the director directly owned 851,530 shares in the company, valued at $159,338,293.60. The trade was a 8.91% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Teresa L. Dick sold 7,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $200.90, for a total value of $1,406,300.00. Following the completion of the transaction, the chief accounting officer directly owned 85,755 shares in the company, valued at $17,228,179.50. This trade represents a 7.55% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 113,691 shares of company stock worth $21,622,752. Corporate insiders own 0.64% of the company’s stock.

Institutional Trading of Diamondback Energy

A number of institutional investors and hedge funds have recently modified their holdings of FANG. JPL Wealth Management LLC bought a new position in shares of Diamondback Energy during the third quarter valued at $26,000. DV Equities LLC bought a new stake in Diamondback Energy in the 4th quarter worth about $38,000. Wealth Watch Advisors INC bought a new stake in Diamondback Energy in the 3rd quarter worth about $45,000. Measured Wealth Private Client Group LLC bought a new stake in Diamondback Energy in the 3rd quarter worth about $48,000. Finally, Safe Harbor Fiduciary LLC purchased a new position in Diamondback Energy in the 4th quarter worth about $74,000. Institutional investors own 90.01% of the company’s stock.

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.