Diamondback Energy (FANG) earnings history
Most recent quarter
- Fiscal period
- Q2 2026
- Period end
- Jun 30, 2026
- EPS actual
- $6.48
- EPS estimate
- $5.25
- EPS surprise
- +23.44%
- Revenue surprise
- +9.29%
- Revenue
- $4.8B
- Revenue estimate
- $4.4B
- Reported
- Aug 3, 2026
Diamondback Energy reported Q2 2026 results on August 3, 2026. Earnings per share were $6.48, ahead of the $5.25 estimate by 23.44%. Revenue was $4.8 billion, above the $4.4 billion consensus. Compared with Q2 2025, EPS rose about 143% from $2.67 and revenue rose about 30% from $3.7 billion. Revenue was the highest in the table, and EPS was the highest since Q2 2022's $7.07.
The longer record shows earnings and revenue moving apart. Annual EPS fell each year, from $24.04 in 2022 to $18.01 in 2023, $16.04 in 2024 and $12.03 in 2025, about half the 2022 level. Revenue grew over the same period, from $2.0–2.8 billion a quarter in 2022 to $3.0–4.0 billion in 2025. Q4 2025 was the weakest quarter in the table at $1.74 per share. The first half of 2026 totals $10.71 per share, about 49% more than a year earlier. Over the last 20 quarters, Diamondback beat the EPS estimate 15 times.
Q3 results were reported between November 1 and November 7 in each of the past five years. That points to early November 2026 for the next report. It will show whether the strong first half carries on.
Earnings history
| Period | Reported | EPS estimate | EPS actual | Surprise | Revenue | Filing |
|---|---|---|---|---|---|---|
| Q2 2026 | Aug 3, 2026 | $5.25 | $6.48 | +23.44% | $4.8B | SEC |
| Q1 2026 | May 4, 2026 | $3.74 | $4.23 | +13.18% | $4.2B | SEC |
| Q4 2025 | Feb 23, 2026 | $2.00 | $1.74 | −12.92% | $3.0B | SEC |
| Q3 2025 | Nov 3, 2025 | $2.94 | $3.08 | +4.76% | $3.9B | SEC |
| Q2 2025 | Aug 4, 2025 | $2.77 | $2.67 | −3.44% | $3.7B | SEC |
| Q1 2025 | May 5, 2025 | $4.18 | $4.54 | +8.63% | $4.0B | SEC |
| Q4 2024 | Feb 24, 2025 | $3.34 | $3.64 | +8.92% | $3.7B | SEC |
| Q3 2024 | Nov 4, 2024 | $4.02 | $3.38 | −15.91% | $2.6B | SEC |
| Q2 2024 | Aug 5, 2024 | $4.50 | $4.52 | +0.48% | $2.5B | SEC |
| Q1 2024 | Apr 30, 2024 | $4.47 | $4.50 | +0.76% | $2.2B | SEC |
| Q4 2023 | Feb 20, 2024 | $4.70 | $4.74 | +0.95% | $2.2B | SEC |
| Q3 2023 | Nov 6, 2023 | $5.01 | $5.49 | +9.67% | $2.3B | SEC |
| Q2 2023 | Jul 31, 2023 | $3.88 | $3.68 | −5.16% | $1.9B | SEC |
| Q1 2023 | May 1, 2023 | $4.33 | $4.10 | −5.41% | $1.9B | SEC |
| Q4 2022 | Feb 21, 2023 | $5.21 | $5.29 | +1.53% | $2.0B | SEC |
| Q3 2022 | Nov 7, 2022 | $6.45 | $6.48 | +0.54% | $2.4B | SEC |
| Q2 2022 | Aug 1, 2022 | $6.68 | $7.07 | +5.79% | $2.8B | SEC |
| Q1 2022 | May 2, 2022 | $4.76 | $5.20 | +9.36% | $2.4B | SEC |
| Q4 2021 | Feb 22, 2022 | $3.37 | $3.63 | +7.73% | $2.0B | SEC |
| Q3 2021 | Nov 1, 2021 | $2.79 | $2.94 | +5.32% | $1.9B | SEC |
Quarterly revenue
Frequently asked questions
When did Diamondback Energy (FANG) last report earnings?
Diamondback Energy last reported on Aug 3, 2026, covering fiscal Q2 2026.
Did FANG beat earnings estimates?
Yes. Diamondback Energy reported EPS of $6.48 for Q2 2026 against a $5.25 estimate — a 23.44% beat.
How much revenue did FANG report last quarter?
Diamondback Energy reported $4.8B in revenue for Q2 2026, against a consensus estimate of $4.4B.
Earnings figures may be restated, revised or corrected by the issuer. Past results do not indicate future performance.
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