⬤ Loading…
Diamondback Energy, Inc.
…
S&P 500 Nasdaq 100
🏹 Trader: 🚀 Stage 2 + Near High 📈 Stage 2 🎯 Near 52W High | BRS 85 Ready View all →
📈 Stage 2 detected Find the fundamental catalyst → → run Growth Triggers in Ask AI
$56.9B
Market Cap
38.6
P/E
2.87
PEG
2.3%
ROCE
3.8%
ROE
0.29
D/E
9.2%
OPM
0.0%
% from 52W High
87
α RS
🔍 FANG is showing a multi-screen setup because it matches 7 of 39 tracked screener presets, RS Rating is 87, it's within 0% of its 52-week high, and it has maintained a 35-day Near 52-Week High momentum persistence. The main caution: the Margin Expansion preset's Backtest win rate is only 46.6%. Net: Mixed signal stack, not a recommendation. ? Conviction RS Rating 52W High Momentum Streaks Backtest
Sources
Conviction 7/39 · RS Rating 87 · 0% from 52W high · Near 52-Week High streak: 35d · Backtest win rate 46.6%
⚖️ Compare 🔒 Generate Report 🔒 Research Packet 📚 Guides
🌏 Global Investor Returns
Currency-adjusted total returns for FANG including FX impact
🌏
Click 🌏 Returns tab to load data
📈 Price History
Ratio Health
— Excellent
— Good
— Average
— Poor
By Category
📊 Peer Medians
About

Diamondback Energy, Inc., an independent oil and natural gas company, acquires, develops, explores, and exploits unconventional, onshore oil and natural gas reserves in the Permian Basin in West Texas, the United States. The company primarily focuses on the development of the Spraberry and Wolfcamp formations of the Midland Basin; and the Wolfcamp and Bone Spring formations of the Delaware Basin, both of which are part of the Permian Basin in West Texas and New Mexico. Diamondback Energy, Inc. was founded in 2007 and is headquartered in Midland, Texas.

Key Ratios Snapshot
📈 Growth Pattern
📊 Quick Scorecard
Loading…
🔒
Premium Feature
AI-generated 10-section company profile — business model, financials, strengths, risks & management quality
Upgrade to Premium
Already a member? Log in
📐
3-Statement Financial Model
Bear / Base / Bull projections · DCF fair value · Reverse-DCF
Open Model →
🎙 Management Tone Confident Specific ~ Volatile 5 quarters Full tone analysis in Intelligence →
Good quarter Investor Presentation One-Pager? Q2 2026
Revenue (implied from 1,018 MBOE/d × $51.68/BOE)
$4.8B
Not disclosed
Net Income
$1.882B
Not disclosed
Adjusted Net Income
$1.833B
Not disclosed
Diluted EPS
$6.65
Not disclosed
Free Cash Flow
$2.3B
Not disclosed
Net Debt
$12.3B
-$1.6B QoQ
What Went Right
  • Q2 production averaged 525 MBO/d oil / 1,018 MBOE/d total, crossing the 1.0 MMBOE/d milestone.
  • Generated $2.3B free cash flow and cut net debt by ~$1.6B QoQ to $12.3B.
  • Operational efficiency drove LOE to $5.96/BOE and ~21+ hours/day pumping; FY26 oil guidance raised to 522+ MBO/d.
What to Watch
  • Realized natural gas price was negative at $(2.15)/Mcf in Q2, though Waha firmed in July as new pipes start up.
  • Management flagged 2H26 cost inflation in power, water and casing (casing ~1% of well cost) with maintenance capex around $1B+/quarter.
  • High macro volatility remains; management noted no formal minimum FCF return commitment and a discretionary buyback approach.
Management Guidance
  • Q3 2026: oil production 517-527 MBO/d; total production 995-1,015 MBOE/d; cash capex $950-$1,050M.
  • FY 2026: oil production raised to 522+ MBO/d; total production raised to 1,000+ MBOE/d; cash capex unchanged at ~$3.9B.
  • Share repurchase authorization doubled to $16B with ~$9.9B remaining; Q3-to-date buybacks ~$100M.
Investor Lens
The thesis looks stronger after this call: FANG converted a stronger oil tape into 525 MBO/d oil output and $2.3B FCF while cutting net debt to $12.3B and lifting 2026 production guidance. Operational gains—21+ pumping hours/day, LOE below $6/BOE, early EOR wins and Barnett scale-up—support a higher mid-cycle NAV even at conservative pricing. Negative realized gas and 2H inflation are offsets, but the expanded $16B buyback authorization and willingness to buy on weakness add a floor. Net-net, this is a good quarter that leaves balance-sheet flexibility intact.
From investor presentation · AI-generated analysis · Not investment advice
🔒
Premium Feature
Investor Presentation One-Pager — quarterly highlights, what went right/wrong & management guidance
Upgrade to Premium
Already a member? Log in
📈 STRONG STRONG quarter: record 1,018 MBOE/d and $2.3B FCF.
Revenue
Revenue was not directly disclosed; implied revenue from 1,018 MBOE/d at a combined realized price of $51.68/BOE is ~$4.8B. Realized oil price was $96.82/Bbl, while natural gas was negative at $(2.15)/Mcf.
Profitability
Net income attributable to Diamondback was $1.882B, or $6.65 diluted EPS; adjusted net income was $1.833B, or $6.48 per share. Operating cash flow before working capital changes was $3.3B.
Margins
Per-BOE cash operating costs were $10.96, with lease operating expenses at $5.96/BOE, below $6 on higher volumes. LOE dollars were flat QoQ, and the natural gas negative price pressured the combined realized price, partially offset by hedges at $52.90/BOE.
Balance Sheet
Total debt was reduced ~$1.3B QoQ to $12.8B and net debt ~$1.6B to $12.3B. FCF was $2.3B on $996M cash capex; Q3 capex is guided at $950-$1,050M. Buybacks totaled ~$141M in Q2 and ~$100M in Q3-to-date.
Key Risks
Management highlighted macro volatility and the need to refill global inventories as a key swing factor. Waha / negative gas realizations remain a risk, though July Waha has firmed. Cost inflation in power, water and casing could pressure 2H26 LOE and capex.
Outlook
FY26 oil production guidance was raised to 522+ MBO/d and total to 1,000+ MBOE/d with cash capex unchanged at ~$3.9B. Q3 guidance is 517-527 MBO/d oil, 995-1,015 MBOE/d total, and $950-$1,050M cash capex.
Generated by AI · Q2 2026 results · Not investment advice
🔒
Free Account Required

Create a free Finmagine account to access Finmagine™ Scorecard.

See how this company scores across 5 dimensions — Financial Health, Growth Prospects, Competitive Position, Management Quality, and Valuation — powered by 30+ computed ratios.

Create Free AccountLog In
🔒
Premium Feature

Upgrade to Finmagine Premium to unlock Ask AI.

Get 25 expert AI analysis templates — Business KPIs, Comprehensive, Forensic Governance, Peer Comparison, Risk-Reward, Full Research Report, IPO Decoder, Red Flag Detector, and more — ready to paste into ChatGPT, Claude, Gemini, or Perplexity.

Upgrade to PremiumCreate Free Account
🔒
Premium Feature

Upgrade to Finmagine Premium to unlock Peer Comparison.

Compare this company side-by-side against its sector peers with financial metrics, ratio benchmarking, and relative performance across all key dimensions.

Upgrade to PremiumCreate Free Account
✓ 📞 Earnings Call Transcripts (5 quarters) submit a missing quarter
🔍
🔎 See cross-company document search → ?
📞 Earnings Call Transcripts (5)
Q2 2026 Q2 2026 2026-08-04
Production and operational efficiency drove strong results, with 4% YTD growth, lower costs, and robust gas outperformance. Flexible capital returns, reduced net debt, and strategic infrastructure investments position the company for continued growth and resilience.
Q1 2026 Q1 2026 2026-05-05
Activity accelerated with added rigs and a fifth completion crew, driving strong Q1 production and efficiency gains. Capital allocation focuses on debt reduction, flexible returns, and steady growth, with oil production guidance set at 520+ Mbbl/d and further upside possible if market conditions remain favorable.
Q4 2025 Q4 2025 2026-02-24
Barnett asset expansion and operational efficiency gains in the Midland Basin drive long-term inventory growth and competitive returns. Cost reduction, surfactant pilots, and gas marketing are key focus areas, while capital discipline and shareholder returns remain priorities.
Q3 2025 Q3 2025 2025-11-04
Maintaining capital discipline, the company targets flat production at 505,000 bbl/d with Q4 CapEx of $875M–$975M, prioritizing free cash flow, dividends, and buybacks. Asset sales and efficiency gains offset macro uncertainty and cost headwinds.
Q2 2025 Q2 2025 2025-08-05
Disciplined capital allocation, operational efficiency, and cost leadership drive strong Q2 results, with asset sales and debt reduction prioritized for 2025. Production and efficiency gains continue, while flexibility is maintained amid market uncertainty.
🔒
Premium Feature

Upgrade to Finmagine Premium to unlock Catalyst Timeline.

Every result, order win, insider trade, ECS update, earnings-call, and SEC announcement for this company — in one chronological lane.

Upgrade to PremiumCreate Free Account
🔒
Premium Feature

Upgrade to Finmagine Premium to unlock Full Report.

Read the complete Finmagine™ investment research report — comprehensive fundamental analysis, business model assessment, competitive positioning, and investment recommendation.

Upgrade to PremiumCreate Free Account

📊 Analysis Methodology

This comprehensive investment analysis was conducted using The Finmagine™ Stock Analysis & Ranking Methodology, a proprietary framework that systematically evaluates stocks across five critical dimensions: Financial Health, Growth Prospects, Competitive Positioning, Management Quality, and Valuation.

🎯
Discover Our Proven Investment Framework Learn how we analyze and rank stocks using advanced quantitative models, multi-dimensional scoring systems, and dynamic discriminatory ranking techniques that have guided successful investment decisions across market cycles.
📊 Explore The Finmagine™ Methodology

A comprehensive, bias-free framework for analyzing and ranking stocks by Financial Strength, Growth Potential, Competitive Edge, Management Quality, and Value.

Financial Model
Projections are built from each company's audited annual financials (Income Statement, Balance Sheet, Cash Flow) over the last 5 fiscal years. Forward assumptions — revenue growth %, EBITDA margin, D&A (USD millions), interest expense, tax rate, and capex — are AI-generated using historical context and refreshed twice a year: after the December results season and after the September/Q4 results season.

DCF Valuation
Fair Value = Σ(FCFt / (1+WACC)t) + Terminal Value. Terminal Value uses the Gordon Growth Model: FCF5 × (1+g) / (WACC−g). Default WACC: 10% (US risk-free ~4.5%, equity risk premium ~5.5%). Default terminal growth: 3% (long-run US nominal GDP proxy).

CAGR Tracker
Expected 5-year CAGR = (DCF Fair Value / Current Price)1/5 − 1. Assumes fair value is reached in exactly 5 years — a mechanical estimate only.

Data Sources & Limitations
Financial statements sourced from public filings. Prices updated daily. Forward assumptions are AI-generated. All monetary values in USD millions. Non-US ADR companies may have currency conversion inaccuracies. Models are point-in-time and do not update intra-quarter or account for M&A, macro shocks, or extraordinary items.

⚠️ Important Disclaimers — Please read without fail.

Investment Risk:
Investing in securities, including US equities and ETFs, involves inherent risks including the potential loss of principal. All investments are subject to market fluctuations, economic conditions, regulatory changes, and other factors that may affect their value. Past performance is not indicative of future results. This analysis is provided for informational and educational purposes only and should not be construed as investment advice under any circumstances.

No Investment Recommendation:
This analysis does not constitute, nor should it be interpreted as, an offer, solicitation, or recommendation to buy, sell, or hold any securities or financial products. Investors are strongly advised to conduct their own independent research and due diligence and to consult with a licensed financial advisor or an SEC-registered investment adviser before making any investment decisions, taking into account their individual financial situation, risk tolerance, and investment objectives.

Not SEC-Registered:
Finmagine is not registered as an investment adviser with the U.S. Securities and Exchange Commission (SEC) or any state securities authority. Nothing on this platform constitutes investment advice as defined under the Investment Advisers Act of 1940.

Conflict of Interest Disclosure:
The author and/or analyst may currently hold or have previously held positions in the securities discussed. Any such positions are not intended to influence the objectivity or independence of the analysis. This research is produced independently and is not sponsored, endorsed, or commissioned by any company or institution.

Information Sources:
The analysis is based on publicly available information including SEC filings (10-K, 10-Q), annual reports, management commentary, and publicly available financial data. Information is believed to be accurate as of the date of publication but may be subject to change without notice. Readers are encouraged to independently verify all information before acting upon it.

Forward-Looking Statements:
This analysis may contain forward-looking statements, forecasts, or projections that are inherently subject to risks, uncertainties, and assumptions. Actual results may differ materially from those expressed or implied. Finmagine does not undertake any obligation to update such statements in the future.

Limitation of Liability:
The content is provided "as is" without any warranties, express or implied. Finmagine expressly disclaims any liability for errors, omissions, or any losses incurred as a result of reliance on the information provided. Readers assume full responsibility for their investment decisions.