Diamondback Energy, Inc.
FANG · Nasdaq
Next quarter
Reports Nov 2, 2026.
Consensus is $4.44 EPS for Sep 2026 across 8 estimates, ranging $2.61 to $6.22.
FANG Jun 2026
- 8.72%
- -3.46%
- $5.96
- $6.48
- —
- $5.56B
Reported results
- $5.56B
- $2.51B
- 45.16%
- $1.88B
- $6.65
Highlights
- Q2 FY2026 revenue was $5.56B and net income was $1.88B.
- Revenue increased from $4.24B in Q1 FY2026 and $3.68B in Q2 FY2025; no revenue growth rate was provided.
- Net income rose from $0.03B in Q1 FY2026 and $0.70B in Q2 FY2025, compared with $1.02B in Q3 FY2025.
- The supplied material contains no segment revenue, segment margin, subscriber or unit counts, capex figures, or management guidance ranges.
Analysis
No consensus figures are on file, so the quarter cannot be judged against analyst expectations. Diamondback reported Q2 FY2026 revenue of $5.56B and net income of $1.88B. Revenue was higher than the $4.24B reported in Q1 FY2026 and the $3.68B reported in Q2 FY2025, while net income recovered sharply from $0.03B in Q1 FY2026 and exceeded the $0.70B recorded in Q2 FY2025. The prior comparison point, Q3 FY2025, showed revenue of $3.92B and net income of $1.02B. The supplied extract does not explain whether the improvement came from production, realized prices, acquisitions, or other operating factors. It also provides no gross, operating, or net margin figures, so profitability changes cannot be quantified. Segment performance, capital spending, and operating volumes are likewise absent, limiting the ability to identify which businesses carried or dragged on the result.
Guidance
No forward guidance was given in the supplied material. Management provided no revenue, earnings, production, margin, capex, or other operating ranges for the next period, and there is no prior guidance range available for comparison. The material also contains no stated assumptions or caveats regarding commodity prices, production volumes, costs, acquisitions, or capital allocation. Accordingly, the reported Q2 FY2026 figures of $5.56B in revenue and $1.88B in net income cannot be translated into a management outlook from the information provided.
What drove it
- Revenue rebound — Revenue was $5.56B in Q2 FY2026, up from $4.24B in Q1 FY2026.
- Net income recovery — Net income increased to $1.88B from $0.03B in Q1 FY2026.
- Year-over-year improvement — Q2 FY2026 revenue of $5.56B and net income of $1.88B exceeded Q2 FY2025 revenue of $3.68B and net income of $0.70B.
- Disclosure limitations — The supplied material includes no segment figures, margin data, capex, production volumes, or unit counts.
Watch items
- Net income has been highly volatile, moving from $1.02B in Q3 FY2025 to $0.03B in Q1 FY2026 before reaching $1.88B in Q2 FY2026.
- The absence of forward guidance leaves no company-provided framework for revenue, earnings, production, margins, or capex in upcoming periods.
- The supplied material does not identify segment results or margin drivers, limiting visibility into whether the improvement is broad-based or dependent on a specific business or factor.
