Diamondback Energy, Inc. operates as an independent enterprise focused on oil and natural gas. Its core business involves the acquisition, development, exploration, ...
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Est. EPS $4.90 · Revenue $4.48B · 16 analysts
Est. EPS $4.88 · Revenue $4.48B · 15 analysts
Est. EPS $20.49 · Revenue $18.64B · 14 analysts
Est. EPS $4.49 · Revenue $4.34B · 6 analysts
$4.25 per share
$4.25 per share
| Metric | Latest | YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength. | QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes. |
|---|---|---|---|
| RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three). | $15.0B | +36.3% | +31.2% |
| Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day. | $1.7B | -50.1% | +1206.9% |
| Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials. | +35.2% | -22.1% | -34.2% |
| Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on). | +32.7% | -17.9% | +1550.8% |
| Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales. | +11.1% | -63.4% | +896.3% |
| Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock. | $5.2B | +197.4% | +189.7% |
| FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine. | +34.8% | +171.5% | +120.9% |
| Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe. | 40.2% | +22.2% | -12.7% |
| Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking. | 0.42x | -5.1% | -16.9% |
| Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground. | $71.1B | +5.6% | +0.2% |
| Metric | Annual (A vs E) | Annual Surprise | Quarter (A vs E) | Quarter Surprise |
|---|---|---|---|---|
| EPS Surprise | 5.73 vs 12.53 | -54.3% | 6.65 vs 4.90 | +35.8% |
| Revenue Surprise | $15.0B vs $15.0B | -0.1% | $5.6B vs $4.5B | +24.1% |
| Date | Executive | Title | Security | Side | Shares | Price |
|---|---|---|---|---|---|---|
| Aug 21, 2026 | Plaumann Mark Lawrence | director | Common Stock | D | 1,000 | $210.58 |
| Aug 20, 2026 | Van't Hof Matthew Kaes | director, officer: Chief Executive Officer | Common Stock | D | 9,500 | $214.64 |
| Aug 20, 2026 | Van't Hof Matthew Kaes | director, officer: Chief Executive Officer | Common Stock | D | 500 | $215.06 |
| Aug 20, 2026 | Wesson Daniel N | officer: Exec. VP & COO | Common Stock | D | 7,500 | $215.21 |
| Aug 14, 2026 | Zmigrosky Matt | officer: EVP, Chief Legal and Admin Off | Common Stock | D | 2,500 | $202.77 |
Operator: Good day, and thank you for standing by. Welcome to the Diamondback Energy Second Quarter 2026 Earnings Conference Call. [Operator Instructions] Please be advised that today's conference is being recorded. I would now like to hand the call over to your host today, Adam Lawlis, VP of Investor Relations. Adam, please go ahead. Adam Lawlis: Thank you, Grace. Good morning, and welcome to Diamondback Energy's Second Quarter 2026 Conference Call. During our call today, we will reference an updated investor presentation and letter to stockholders, which can be found on Diamondback's website. Representing Diamondback today are Kaes Van't Hof, CEO; Danny Wesson, COO; Jere Thompson, CFO; and Al Barkmann, Chief Engineer. During this conference call, the participants may make certain forward-looking statements relating to the company's financial condition, results of operations, plans, objectives, future performance and businesses. We caution you that actual results could differ materially from those that are indicated in these forward-looking statements due to a variety of factors. Information concerning these factors can be found in the company's filings with the SEC. In addition, we will make reference to certain non-GAAP measures. The reconciliations with the appropriate GAAP measures can be found in our earnings release issued yesterday afternoon. I'll now turn the call over to Kaes. Kaes Van't Hof: Good morning, everyone, and I hope everybody read our shareholder letter last night. It continues to get good feedback from the investment community. And as we've done over the last couple of years, we're just going to move straight into Q&A. So operator, please open the line up for questions. Operator: [Operator Instructions] Our first question comes from the line of Neal Dingmann with William Blair. Neal Dingmann: Happy birthday Kaes, from me and the coach. Turning to my first question. I really want to talk about your macro view, specifically, your remarks last night. You seem to indicate your thoughts that worldwide inventory levels will remain low for the foreseeable future. So as such, am I correct in thinking that you all will continue to strategically grow production well into '27, given this low inventory backdrop and positive oil backdrop? Kaes Van't Hof: Yes, Neal, I think it's been pretty hard to predict what's going to happen globally with -- over the last couple of months. Certainly, our opinion and the data shows that inventories are draining not only on the oil side, but on the product side. And absent permanent demand destruction, which we're hopeful is not the case, those inventories are going to have to be refilled. And we can debate at what price those inventories need to be refilled, but I do think that helps us get some confidence that there's a bid for -- a longer-term bid for oil to refill those inventories and meet global demand. So in general, I think that does skew us towards the decision to grow production versus hold …
| Name | Title | Compensation | Gender | Year Born | Status |
|---|---|---|---|---|---|
Matthew Kaes Van't Hof | Chief Executive Officer & Director | USD 3,829,961 | Male | 1987 | Active |
Daniel N. Wesson | Executive Vice President & Chief Operating Officer | USD 1,862,778 | Male | 1984 | Active |
Matt Zmigrosky | Executive Vice President, Chief Legal & Administrative Officer and Secretary | USD 1,746,744 | Male | 1979 | Active |
Teresa L. Dick | Executive VP of Accounting & Assistant Secretary | USD 1,386,894 | Female | 1970 | Active |
Jere W. Thompson | Executive Vice President & Chief Financial Officer | USD 1,382,728 | Male | 1989 | Active |
Gregory Larson | Senior VP & Chief Accounting Officer | — | Male | — | Active |
Yong Cho | Senior Vice President of Drilling | — | Male | — | Active |
David Meek | Senior Vice President of Human Resources | — | Male | — | Active |
Greg Dolezal | Senior Vice President & Chief Information Officer | — | Male | — | Active |
Adam T. Lawlis | Vice President of Investor Relations | — | Male | — | Active |
David L. Cannon | Senior Vice President of Geoscience & Technology | — | Male | — | Active |
Johnny D. Dossey | Vice President of Marketing | — | Male | 1966 | Active |
Beyond analysts' top-and-bottom-line estimates for Diamondback (FANG), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended June 2026.
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