# Diamondback Energy (FANG) — Earnings

FANG · NASDAQ · Stock

Canonical page: https://www.lighthorse.io/tickers/fang/earnings

## Most recent quarter

| Metric | Value |
| --- | --- |
| 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 |
| SEC filing | [View filing](https://www.sec.gov:443/Archives/edgar/data/1539838/000153983826000142/fang-20260630.htm) |
| Earnings call | [Transcript](http://o.thsi.cn/dc-d-stock-america.teleconference/055eaa9e-21f1-cf73-fb13-89f861548af9.html) |

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

| Fiscal period | Report date | EPS estimate | EPS actual | Surprise | Revenue estimate | Revenue actual |
| --- | --- | --- | --- | --- | --- | --- |
| Q2 2026 | Aug 3, 2026 | $5.25 | $6.48 | 23.44% | $4.4B | $4.8B |
| Q1 2026 | May 4, 2026 | $3.74 | $4.23 | 13.18% | $3.8B | $4.2B |
| Q4 2025 | Feb 23, 2026 | $2.00 | $1.74 | -12.92% | $3.3B | $3.0B |
| Q3 2025 | Nov 3, 2025 | $2.94 | $3.08 | 4.76% | $3.5B | $3.9B |
| Q2 2025 | Aug 4, 2025 | $2.77 | $2.67 | -3.44% | $3.3B | $3.7B |
| Q1 2025 | May 5, 2025 | $4.18 | $4.54 | 8.63% | $3.8B | $4.0B |
| Q4 2024 | Feb 24, 2025 | $3.34 | $3.64 | 8.92% | $3.6B | $3.7B |
| Q3 2024 | Nov 4, 2024 | $4.02 | $3.38 | -15.91% | $2.4B | $2.6B |
| Q2 2024 | Aug 5, 2024 | $4.50 | $4.52 | 0.48% | $2.2B | $2.5B |
| Q1 2024 | Apr 30, 2024 | $4.47 | $4.50 | 0.76% | $2.1B | $2.2B |
| Q4 2023 | Feb 20, 2024 | $4.70 | $4.74 | 0.95% | $2.2B | $2.2B |
| Q3 2023 | Nov 6, 2023 | $5.01 | $5.49 | 9.67% | $2.2B | $2.3B |
| Q2 2023 | Jul 31, 2023 | $3.88 | $3.68 | -5.16% | $1.9B | $1.9B |
| Q1 2023 | May 1, 2023 | $4.33 | $4.10 | -5.41% | $1.9B | $1.9B |
| Q4 2022 | Feb 21, 2023 | $5.21 | $5.29 | 1.53% | $2.1B | $2.0B |
| Q3 2022 | Nov 7, 2022 | $6.45 | $6.48 | 0.54% | $2.4B | $2.4B |
| Q2 2022 | Aug 1, 2022 | $6.68 | $7.07 | 5.79% | $2.5B | $2.8B |
| Q1 2022 | May 2, 2022 | $4.76 | $5.20 | 9.36% | $2.0B | $2.4B |
| Q4 2021 | Feb 22, 2022 | $3.37 | $3.63 | 7.73% | $1.6B | $2.0B |
| Q3 2021 | Nov 1, 2021 | $2.79 | $2.94 | 5.32% | $1.5B | $1.9B |

## 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.

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Earnings figures may be restated, revised or corrected by the issuer. Past results do not indicate future performance.

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