Diamondback Energy (NASDAQ:FANG) Releases Quarterly Earnings Results, Beats Estimates By $0.57 EPS

Posted by Stanley Muller on May 4th, 2026

Diamondback Energy (NASDAQ:FANG – Get Free Report) announced its quarterly earnings results on Monday. The oil and natural gas company reported $4.23 EPS for the quarter, beating the consensus estimate of $3.66 by $0.57, Zacks reports. Diamondback Energy had a return on equity of 8.08% and a net margin of 11.07%.The business had revenue of $4.24 billion for the quarter, compared to analyst estimates of $3.83 billion. During the same quarter in the prior year, the company posted $4.54 EPS. The company’s quarterly revenue was up 4.7% on a year-over-year basis.

Diamondback Energy Trading Up 2.9%

FANG traded up $6.04 during mid-day trading on Monday, hitting $213.69. 2,721,695 shares of the stock were exchanged, compared to its average volume of 2,930,431. The firm’s fifty day moving average is $187.42 and its two-hundred day moving average is $164.43. Diamondback Energy has a 1-year low of $127.75 and a 1-year high of $214.51. The company has a current ratio of 0.42, a quick ratio of 0.40 and a debt-to-equity ratio of 0.32. The company has a market cap of $60.11 billion, a PE ratio of 38.09 and a beta of 0.46.

Diamondback Energy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 12th. Investors of record on Thursday, March 5th were paid a dividend of $1.05 per share. This represents a $4.20 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend was Thursday, March 5th. This is a positive change from Diamondback Energy’s previous quarterly dividend of $1.00. Diamondback Energy’s dividend payout ratio is currently 74.87%.

Insider Activity

In related news, Director Charles Alvin Meloy sold 60,605 shares of the stock in a transaction dated Tuesday, February 3rd. The stock was sold at an average price of $161.12, for a total transaction of $9,764,677.60. Following the transaction, the director owned 982,006 shares of the company’s stock, valued at approximately $158,220,806.72. This represents a 5.81% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Fang Holdings Lp Sgf sold 1,000,000 shares of the stock in a transaction dated Tuesday, February 3rd. The stock was sold at an average price of $162.88, for a total value of $162,880,000.00. Following the transaction, the insider directly owned 98,686,727 shares in the company, valued at approximately $16,074,094,093.76. The trade was a 1.00% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 1,217,069 shares of company stock worth $201,213,109 in the last quarter. Insiders own 0.64% of the company’s stock.

Institutional Investors Weigh In On Diamondback Energy

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Invesco Ltd. raised its position in shares of Diamondback Energy by 2.9% during the 4th quarter. Invesco Ltd. now owns 3,212,158 shares of the oil and natural gas company’s stock worth $482,884,000 after acquiring an additional 91,799 shares in the last quarter. First Growth Capital LLC acquired a new stake in shares of Diamondback Energy during the 4th quarter worth about $201,000. Corient Private Wealth LLC raised its position in shares of Diamondback Energy by 12.4% during the 4th quarter. Corient Private Wealth LLC now owns 41,397 shares of the oil and natural gas company’s stock worth $5,909,000 after acquiring an additional 4,562 shares in the last quarter. Alberta Investment Management Corp acquired a new stake in shares of Diamondback Energy during the 4th quarter worth about $1,428,000. Finally, Mercer Global Advisors Inc. ADV raised its position in shares of Diamondback Energy by 3.4% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 11,125 shares of the oil and natural gas company’s stock worth $1,672,000 after acquiring an additional 366 shares in the last quarter. Institutional investors and hedge funds own 90.01% of the company’s stock.

Wall Street Analyst Weigh In

FANG has been the topic of several recent analyst reports. Morgan Stanley upped their price target on Diamondback Energy from $220.00 to $224.00 and gave the company an “overweight” rating in a research note on Friday, April 17th. Susquehanna upped 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. KeyCorp upped their price target on Diamondback Energy from $196.00 to $225.00 and gave the company an “overweight” rating in a research note on Thursday, April 2nd. Barclays upped their price target on Diamondback Energy from $185.00 to $190.00 and gave the company an “overweight” rating in a research note on Monday, March 16th. Finally, Jefferies Financial Group reaffirmed a “hold” rating and issued a $173.00 price target on shares of Diamondback Energy in a research note on Monday, January 19th. Five research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, Diamondback Energy has an average rating of “Buy” and an average target price of $208.05.

Check Out Our Latest Stock Analysis on Diamondback Energy

More Diamondback Energy News

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

Positive Sentiment: Diamondback topped expectations for Q1: EPS of $4.23 beat consensus $3.66 and revenue of $4.24B exceeded estimates, signaling stronger profitability and topline execution. Shale producer Diamondback Energy beats first-quarter profit estimates
Positive Sentiment: The company raised its base dividend and increased production guidance alongside the Q1 release — directly supportive of share demand by income and growth-focused investors. Diamondback Energy, Inc. Announces First Quarter 2026 Financial and Operating Results; Increases Base Dividend and Production Guidance
Positive Sentiment: Macro support: Reuters and other coverage note higher oil prices and higher output helped results — commodity tailwinds can keep cash flow elevated in the near term. Shale producer Diamondback Energy beats first-quarter profit estimates
Neutral Sentiment: Company issued a letter to stockholders as a supplement to the earnings release — useful detail and forward-looking commentary but largely informational. Letter to Stockholders Issued by Diamondback Energy, Inc.
Neutral Sentiment: Analyst/pre-earnings coverage and earnings-transcript archives provide context on strategy and Permian positioning but add limited immediate news flow beyond the print. Examples include Zacks coverage and Fool transcript archives. The Zacks Analyst Blog Highlights Diamondback Energy, Permian Resources and APA Corporation
Negative Sentiment: Valuation and fundamentals caveat: the shares trade at a relatively high P/E and the company’s ROE/net margin are modest versus some peers — which could limit upside if oil prices or execution weaken. (Investors should weigh the beat against valuation and cyclicality.)

Diamondback Energy Company Profile

(Get Free Report)

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.