FANG · Diamondback Energy, Inc.
Price & Indicators
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Metrics snapshot
Useful current figures from the complete screener profile.
AI Brief
Q2 FY26 earnings call · Aug 4, 2026TL;DR. Diamondback reported record Q2 2026 results, surpassing 1.0 MMBoe/d for the first time, and raised full-year production guidance while keeping capex unchanged at ~$3.9 billion, all while reducing total debt by ~$1.3 billion and net debt by ~$1.6 billion quarter over quarter.
- + Production surpassed 1.0 MMBoe/d milestone with 1,018 MBOE/d and oil production of 525 MBO/d.
- + Raised full-year 2026 oil production guidance to 522+ MBO/d and total production to 1,000+ MBOE/d.
- + Generated $2.3 billion in Free Cash Flow and Adjusted Free Cash Flow in Q2 2026.
- + Reduced total debt by ~$1.3 billion and net debt by ~$1.6 billion quarter over quarter; net debt down ~19% year over year.
- + Board doubled share repurchase authorization to $16.0 billion, with ~$9.9 billion remaining.
- + LOE declined to $5.96/BOE in Q2 from $6.21/BOE in Q1, and cash G&A fell to $0.52/BOE from $0.65/BOE.
- − Q2 gas realizations were negative $2.15/Mcf pre-hedge due to insufficient takeaway capacity.
- − Expectation of fixed-cost inflation (e.g., casing) through the rest of 2026 and into 2027.
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
Equibles Rating
blended score · not investment adviceBlended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.
Guidance & track record
Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.
Technicals
trend & momentum for long-term holders NeutralIllustrative technical + ownership context — a signal mix, not investment advice.
Key metrics
Earlier KPI extraction records exist, but do not meet the current evidence-completeness requirements. No current verified series is available. Earlier figures remain withheld until revalidated; this is not evidence that the company reports no KPIs.
Versus peers
Oil & Gas E&P — same industry group| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
FANG
this stock
Diamondback Energy, Inc.
|
$52.27B | +22.9% | +35.8% | 35.6 | 2.7% |
|
COP
Conocophillips
|
$150.96B | +35.4% | +7.7% | 16.6 | 1.3% |
|
CNQ
CANADIAN NATURAL RESOURCES Ltd
|
$98.26B | +43.1% | — | — | 8.9% |
|
EOG
Eog Resources Inc
|
$73.62B | +34.6% | -4.5% | 10.9 | 3.0% |
|
OXY
Occidental Petroleum Corp /De/
|
$56.84B | +41.2% | -1.9% | 8.7 | 2.2% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every sectionPerformance
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| FANG | -1.1% | -9.0% | -2.3% | +0.5% | +22.9% |
| SPY | -0.2% | -0.5% | +12.2% | +0.9% | +12.9% |
| vs SPY | -0.8% | -8.5% | -14.5% | -0.4% | +10.0% |
Capital returns
Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.