Diamondback Energy, Inc. (FANG) Financials
Key financial figures for Diamondback Energy, Inc. (Q3 2026).
Diamondback reported Q3 2026 oil production of 524,946 BO/d (1,033,967 BOE/d) and $2.15 billion of free cash flow, raised its base dividend 7.3% to $1.18 a quarter, and lifted full-year production and capex guidance. Q3 2026 total revenues were $5.431 billion (vs $3.924 billion a year earlier, +38% calculated). GAAP net income attributable to Diamondback was $1.603 billion, or $5.69 per diluted share (Q3 2025: $3.51); adjusted net income attributable was $1.649 billion, or $5.86 per diluted share. No beat or miss is called against the $5.72 calendar consensus because its basis (GAAP or adjusted) is unstated. Volumes: oil production averaged 524,946 BO/d (Q3 2025: 503,750; Q2 2026: 525,176) and combined production 1,033,967 BOE/d (Q3 2025: 942,946; Q2 2026: 1,017,659). On the outlook: Raised full-year 2026 guidance: oil production to ~524 MBO/d (from 522+), total production to ~1,015 MBOE/d (from 1,000+), and total cash capital expenditures to $3.95 to $4.00 billion (from ~$3.9 billion). Q4 2026 guidance: oil production 518 to 528 MBO/d (1,025 to 1,045 MBOE/d) and cash capital expenditures of $1,000 to $1,050 million. Figures are for Q3 2026, as Diamondback Energy, Inc. reported them.
- Revenue
- $5.4B
- Net Income
- $1.6B
- EPS
- $5.69
- Total Assets
- $72.1B
- Operating Cash Flow
- $2.6B
Recent quarters
| Period | Revenue | Net Income | EPS | Operating Margin | Free Cash Flow |
|---|---|---|---|---|---|
| Q3 FY2026 | $5.4B | $1.6B | $5.69 | 46.03% | $1.6B |
| Q2 FY2026 | $5.6B | $1.9B | $6.65 | 45.16% | $2.6B |
| Q1 FY2026 | $4.2B | $144M | $0.08 | 2.74% | $895M |
| Q4 FY2025 | $3.4B | -$1.5B | -$5.11 | 25.77% | $1.4B |
| Q3 FY2025 | $3.9B | $1.0B | $3.51 | 31.5% | $1.6B |
Recent fiscal years
| Period | Revenue | Net Income | EPS | Operating Margin | Free Cash Flow |
|---|---|---|---|---|---|
| FY2025 | $15.0B | $1.7B | $5.73 | 32.73% | $5.2B |
| FY2024 | $11.0B | $3.3B | $15.53 | 39.88% | -$5.4B |
| FY2023 | $8.3B | $3.1B | $17.34 | 54.8% | $1.2B |
Frequently asked questions
What was Diamondback Energy, Inc.'s revenue last quarter?
Diamondback Energy, Inc. reported revenue of $5.43 billion for Q3 FY2026, up 38.4% from the same period a year earlier.
Is Diamondback Energy, Inc. profitable?
Yes. Diamondback Energy, Inc. reported net income of $1.60 billion for Q3 FY2026, a net margin of 29.52% on revenue.
How has Diamondback Energy, Inc.'s margin trended?
Operating margin was 46.03% in Q3 FY2026, compared with 31.5% in the same period a year earlier. The quarter by quarter series is on the SentiSense financials page.
How much free cash flow did Diamondback Energy, Inc. generate?
Diamondback Energy, Inc. generated free cash flow of $1.57 billion in Q3 FY2026, after capital expenditure.
Full income statement, balance sheet and cash flow for Diamondback Energy, Inc. on SentiSense, with up to forty quarters and twenty fiscal years of history.