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Here's What Key Metrics Tell Us About Diamondback (FANG) Q3 Earnings
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Diamondback Energy (FANG - Free Report) reported $5.43 billion in revenue for the quarter ended September 2026, representing a year-over-year increase of 38.4%. EPS of $5.86 for the same period compares to $3.08 a year ago.
The reported revenue represents a surprise of +26.46% over the Zacks Consensus Estimate of $4.29 billion. With the consensus EPS estimate being $4.92, the EPS surprise was +19.11%.
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: 1,033,967.00 BOE/D compared to the 1,014,737.00 BOE/D average estimate based on nine analysts.
Average Prices - Natural gas liquids, hedged: $/20.02 versus $/18.46 estimated by five analysts on average.
Average Prices - Oil -hedged: $/85.89 versus the five-analyst average estimate of $/78.83.
Average Prices - Natural gas, hedged: $0.9 per thousand cubic feet versus the five-analyst average estimate of $0.53 per thousand cubic feet.
Average Prices - Natural gas liquids: $/20.02 versus $/19.07 estimated by four analysts on average.
Total Production Volume - Natural gas liquids: 24,330.00 MBBL compared to the 23,162.98 MBBL average estimate based on four analysts.
Total Production Volume - Natural gas: 135,002.00 MMcf versus the four-analyst average estimate of 128,404.70 MMcf.
Total Production Volume - Oil: 48,295.00 MBBL versus 48,293.20 MBBL estimated by four analysts on average.
Revenues- Oil, natural gas and natural gas liquid: $4.85 billion versus $4.28 billion estimated by six analysts on average. Compared to the year-ago quarter, this number represents a +40.8% change.
Revenues- Natural gas liquid sales: $487 million versus the five-analyst average estimate of $438.69 million. The reported number represents a year-over-year change of +33.1%.
Revenues- Oil sales: $4.22 billion versus the five-analyst average estimate of $3.7 billion. The reported number represents a year-over-year change of +40.8%.
Revenues- Natural gas sales: $151 million versus $87.17 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +73.6% change.
Shares of Diamondback have returned -6.3% over the past month versus the Zacks S&P 500 composite's -5.4% change. The stock currently has a Zacks Rank #1 (Strong Buy), indicating that it could outperform the broader market in the near term.
View the Zacks #1 Rank List
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Here's What Key Metrics Tell Us About Diamondback (FANG) Q3 Earnings
Diamondback Energy (FANG - Free Report) reported $5.43 billion in revenue for the quarter ended September 2026, representing a year-over-year increase of 38.4%. EPS of $5.86 for the same period compares to $3.08 a year ago.
The reported revenue represents a surprise of +26.46% over the Zacks Consensus Estimate of $4.29 billion. With the consensus EPS estimate being $4.92, the EPS surprise was +19.11%.
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 -6.3% over the past month versus the Zacks S&P 500 composite's -5.4% change. The stock currently has a Zacks Rank #1 (Strong Buy), indicating that it could outperform the broader market in the near term.