Diamondback Energy (NASDAQ:FANG) Posts Quarterly Earnings Results
by Amy Steele · The Cerbat GemDiamondback Energy (NASDAQ:FANG – Get Free Report) issued its earnings results on Monday. The oil and natural gas company reported $4.23 earnings per share for the quarter, topping the consensus estimate of $3.74 by $0.49, 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 during the quarter, compared to analysts’ expectations of $3.83 billion. During the same period in the prior year, the business earned $4.54 EPS. The business’s revenue for the quarter was up 4.7% compared to the same quarter last year.
Diamondback Energy Trading Up 2.9%
Shares of NASDAQ:FANG opened at $213.69 on Tuesday. The business’s 50-day moving average is $187.42 and its 200 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 firm has a market capitalization of $60.11 billion, a P/E ratio of 38.09 and a beta of 0.46. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.42 and a quick ratio of 0.40.
Diamondback Energy Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 21st. Investors of record on Thursday, May 14th will be given a dividend of $1.10 per share. The ex-dividend date of this dividend is Thursday, May 14th. This represents a $4.40 annualized dividend and a yield of 2.1%. This is an increase from Diamondback Energy’s previous quarterly dividend of $1.05. Diamondback Energy’s dividend payout ratio is currently 74.87%.
Diamondback Energy News Summary
Here are the key news stories impacting Diamondback Energy this week:
- Positive Sentiment: Q1 results beat expectations — revenue of $4.24B and EPS of $4.23 topped Street estimates, showing production and pricing strength. Shale producer Diamondback Energy beats first-quarter profit estimates
- Positive Sentiment: Management raised 2026 production guidance and is immediately boosting shale crude output to capture higher prices — this suggests higher near‑term volumes and stronger cash flow. Diamondback Energy Lifts Production Guidance After Strong Q1
- Positive Sentiment: Board increased the quarterly cash dividend to $1.10 (4.8% q/q increase; ~2.1% yield), reinforcing shareholder-return focus and management confidence in cash generation. Diamondback Energy Announces First Quarter 2026 Results and Increases Dividend
- Neutral Sentiment: Analyst and media attention (Zacks, Yahoo, FinancialPost) highlight Diamondback as a leading Permian/Permian‑exposed name — increased coverage can amplify moves but doesn’t guarantee direction. The Zacks Analyst Blog Highlights Diamondback Energy
- Negative Sentiment: Company took a large $1.40B impairment on oil & gas properties that pushed reported net income down to ~$25M — a significant non‑cash hit that reduced headline profitability and complicates YoY EPS comparisons. Diamondback Energy Is Up 8.8% After Raising 2026 Output Guidance And Dividend
Insider Activity at Diamondback Energy
In related news, Director Charles Alvin Meloy sold 7,857 shares of the company’s stock in a transaction dated Monday, March 9th. The stock was sold at an average price of $183.27, for a total transaction of $1,439,952.39. Following the transaction, the director directly owned 974,149 shares of the company’s stock, valued at $178,532,287.23. This represents a 0.80% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Chairman Travis D. Stice sold 63,957 shares of the company’s stock in a transaction dated Friday, March 6th. The shares were sold at an average price of $181.16, for a total value of $11,586,450.12. Following the transaction, the chairman directly owned 305,314 shares in the company, valued at $55,310,684.24. This represents a 17.32% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 156,464 shares of company stock worth $28,568,431 over the last ninety days. Corporate insiders own 0.64% of the company’s stock.
Institutional Inflows and Outflows
A number of hedge funds have recently modified their holdings of the company. Boston Partners increased its holdings in shares of Diamondback Energy by 2.9% in the third quarter. Boston Partners now owns 5,733,538 shares of the oil and natural gas company’s stock valued at $821,649,000 after purchasing an additional 163,548 shares during the period. Morgan Stanley increased its holdings in shares of Diamondback Energy by 3.2% in the fourth quarter. Morgan Stanley now owns 3,828,941 shares of the oil and natural gas company’s stock valued at $575,605,000 after purchasing an additional 117,798 shares during the period. Wellington Management Group LLP increased its holdings in shares of Diamondback Energy by 74.1% in the fourth quarter. Wellington Management Group LLP now owns 3,239,837 shares of the oil and natural gas company’s stock valued at $487,045,000 after purchasing an additional 1,379,010 shares during the period. Invesco Ltd. increased its holdings in shares of Diamondback Energy by 2.9% in the fourth quarter. Invesco Ltd. now owns 3,212,158 shares of the oil and natural gas company’s stock valued at $482,884,000 after purchasing an additional 91,799 shares during the period. Finally, Raymond James Financial Inc. increased its holdings in shares of Diamondback Energy by 9.2% in the second quarter. Raymond James Financial Inc. now owns 1,952,276 shares of the oil and natural gas company’s stock valued at $268,243,000 after purchasing an additional 164,293 shares during the period. 90.01% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of brokerages recently weighed in on FANG. Barclays restated an “overweight” rating on shares of Diamondback Energy in a research note on Tuesday. Susquehanna upped their price objective on Diamondback Energy from $182.00 to $199.00 and gave the stock a “positive” rating in a research note on Wednesday, February 25th. Piper Sandler upped their price objective on Diamondback Energy from $215.00 to $248.00 and gave the stock an “overweight” rating in a research note on Thursday, March 12th. Morgan Stanley upped their price objective on Diamondback Energy from $220.00 to $224.00 and gave the stock an “overweight” rating in a research note on Friday, April 17th. Finally, Raymond James Financial restated a “strong-buy” rating and set a $242.00 price objective on shares of Diamondback Energy in a research note on Monday, April 27th. Five research analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $208.05.
Get Our Latest Stock Analysis on Diamondback Energy
About Diamondback Energy
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.