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Compared to Estimates, Diamondback (FANG) Q2 Earnings: A Look at Key Metrics
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For the quarter ended June 2026, Diamondback Energy (FANG - Free Report) reported revenue of $5.56 billion, up 51.2% over the same period last year. EPS came in at $6.48, compared to $2.67 in the year-ago quarter.
The reported revenue represents a surprise of +16.82% over the Zacks Consensus Estimate of $4.76 billion. With the consensus EPS estimate being $5.96, the EPS surprise was +8.73%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Diamondback performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Average daily production / Daily combined volumes: 1,017,659.00 BOE/D versus the eight-analyst average estimate of 976,804.50 BOE/D.
Average Prices - Natural gas liquids, hedged: $/18.56 versus the five-analyst average estimate of $/20.01.
Average Prices - Oil -hedged: $/94.33 versus $/95.31 estimated by five analysts on average.
Average Prices - Natural gas, hedged: $-0.34 per thousand cubic feet versus $0.18 per thousand cubic feet estimated by five analysts on average.
Average Prices - Natural gas liquids: $/18.56 compared to the $/20.61 average estimate based on four analysts.
Total Production Volume - Natural gas liquids: 23,436.00 MBBL compared to the 21,440.35 MBBL average estimate based on four analysts.
Total Production Volume - Natural gas: 128,279.00 MMcf versus the four-analyst average estimate of 118,874.10 MMcf.
Total Production Volume - Oil: 47,791.00 MBBL compared to the 47,491.60 MBBL average estimate based on four analysts.
Total Production Volume (Combined volumes): 92,607.00 MBOE versus 88,744.43 MBOE estimated by four analysts on average.
Average Prices - Oil: $/96.82 versus the four-analyst average estimate of $/88.82.
Average Prices - Natural gas: $-2.15 per thousand cubic feet versus the four-analyst average estimate of $-1.45 per thousand cubic feet.
Revenues- Oil, natural gas and natural gas liquid: $4.79 billion compared to the $4.6 billion average estimate based on five analysts. The reported number represents a change of +44.3% year over year.
Shares of Diamondback have returned +18% over the past month versus the Zacks S&P 500 composite's +0.2% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
View the Zacks #1 Rank List
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Compared to Estimates, Diamondback (FANG) Q2 Earnings: A Look at Key Metrics
For the quarter ended June 2026, Diamondback Energy (FANG - Free Report) reported revenue of $5.56 billion, up 51.2% over the same period last year. EPS came in at $6.48, compared to $2.67 in the year-ago quarter.
The reported revenue represents a surprise of +16.82% over the Zacks Consensus Estimate of $4.76 billion. With the consensus EPS estimate being $5.96, the EPS surprise was +8.73%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Diamondback performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:View all Key Company Metrics for Diamondback here>>>
Shares of Diamondback have returned +18% over the past month versus the Zacks S&P 500 composite's +0.2% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.