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Diamondback (FANG) Q2 Earnings: How Key Metrics Compare to Wall Street Estimates
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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 compares to the Zacks Consensus Estimate of $4.76 billion, representing a surprise of +16.82%. The company delivered an EPS surprise of +8.73%, with the consensus EPS estimate being $5.96.
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.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
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 compared to the 976,804.50 BOE/D average estimate based on eight analysts.
Average Prices - Natural gas liquids, hedged: $/18.56 compared to the $/20.01 average estimate based on five analysts.
Average Prices - Oil -hedged: $/94.33 compared to the $/95.31 average estimate based on five analysts.
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 versus $/20.61 estimated by four analysts on average.
Total Production Volume - Natural gas liquids: 23,436.00 MBBL versus 21,440.35 MBBL estimated by four analysts on average.
Total Production Volume - Natural gas: 128,279.00 MMcf compared to the 118,874.10 MMcf average estimate based on four analysts.
Total Production Volume - Oil: 47,791.00 MBBL compared to the 47,491.60 MBBL average estimate based on four analysts.
Revenues- Oil, natural gas and natural gas liquid: $4.79 billion versus the five-analyst average estimate of $4.6 billion. The reported number represents a year-over-year change of +44.3%.
Revenues- Oil sales: $4.63 billion compared to the $4.17 billion average estimate based on four analysts. The reported number represents a change of +62.2% year over year.
Revenues- Natural gas liquid sales: $435 million versus $444.33 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +18.5% change.
Revenues- Natural gas sales: $-276 million versus $-71.41 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a -384.5% change.
Shares of Diamondback have returned +4.2% over the past month versus the Zacks S&P 500 composite's +2.3% 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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Diamondback (FANG) Q2 Earnings: How Key Metrics Compare to Wall Street Estimates
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 compares to the Zacks Consensus Estimate of $4.76 billion, representing a surprise of +16.82%. The company delivered an EPS surprise of +8.73%, with the consensus EPS estimate being $5.96.
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.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
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 +4.2% over the past month versus the Zacks S&P 500 composite's +2.3% 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.