Diamondback Energy, Inc. (FANG) earnings on August 3, 2026

After the market closes Q2 2026

More Diamondback Energy, Inc. earnings

Prior outlook: Optimistic Outcome: Partial

The stock rose early, climbing as much as 2.56%, but then reversed and ended the day down 3.46% despite analysts being optimistic ahead of the earnings report.

FANG price around the earnings

191.87

Change: -3.5%

2026-08-04, 20:00 UTC

Start of the measured window End of the measured window
190.38 194.87 199.35 203.84 198.75
Price series around the eventClosing price per minute from before the event to the end of the measured window.No trading (market closed)No trading (market closed)
August 3, 2026 August 4, 2026
  • Price: green if it ends above the starting price; red if it ends below
  • Start of the measured window
  • End of the measured window
  • Market open
  • No trading (market closed)
  • Starting price
Price series around the event

Prior thesis

Prior outlook: Optimistic Outcome: Partial

Thesis published
Results released

Strong analyst conviction and exceptional trend strength drive an optimistic run-up, despite mixed historical earnings performance.

Context analyzed before publication

Trend
Strongly optimistic trajectory with a significant run-up into earnings, indicating high expectations and potential sell-the-news.

Analysts

Evidence

Analyst consensus
Strong buy
Consensus average (1-5)
1.45
Analysts covering the stock
28
Average price target
230.32
Lowest price target
199
Highest price target
272
Upside to price target
16.3%
Quarterly earnings growth
-98.2%
Revenue growth
4.2%
Forward EPS
17.36
Trailing EPS
0.97
Analyst moves in the last 60 days
0
  • Strong buy: 5
  • Buy: 20
  • Hold: 4
  • Sell: 0
  • Strong sell: 0
Strong buy
5
Buy
20
Hold
4
Sell
0
Strong sell
0

News and sentiment

Evidence

Sentiment
Sentiment
Constructive
Mention volume
High
Normalized volume
99%
News
Sources (6)

Technicals

Evidence

Price when the context was analyzed
203
Average true range (ATR)
3%
Distance to 52-week high
-6.8%
14-day change (14d)
+3.8%
30-day change (30d)
+18.0%
30-day relative strength
+23.2%
QQQ change (30d)
-5.2%
Nearest support
201.33
Distance to nearest support
0.8%
Nearest resistance
203.23
Distance to nearest resistance
0.1%
Volume accumulation ratio (14d / 46d)
0.81
  • Mid: 201.33 (0.8% away, 0.27 ATR, 21 touches)
  • Major: 198.09 (2.4% away, 0.81 ATR, 41 touches)
  • Mid: 196.35 (3.3% away, 1.09 ATR, 26 touches)
  • Mid: 203.23 (0.1% away, 0.04 ATR, 12 touches)
  • Mid: 204.57 (0.8% away, 0.26 ATR, 16 touches)
  • Mid: 206.82 (1.9% away, 0.63 ATR, 8 touches)

Trends

Evidence

Average earnings surprise
+0.5%
  • May 4, 2026: actual EPS 4.23 vs estimate 3.75 (surprise +12.8%)
  • February 23, 2026: actual EPS 1.74 vs estimate 2 (surprise -13.2%)
  • November 3, 2025: actual EPS 3.08 vs estimate 2.94 (surprise +4.6%)
  • August 4, 2025: actual EPS 2.67 vs estimate 2.72 (surprise -2.0%)

Expected move

Implied move
+2.2%
Source
Options chain

Reactions over its last 20 earnings

Median move
1.7%
75th percentile move
2.5%
90th percentile move
4.8%
Up / down moves
9 / 10
Average up move
+2.5%
Average down move
-2.0%

Monitoring and close

What Diamondback Energy, Inc. reported

Status
Finished
Actual EPS6.48
EPS estimate6.08
EPS surprise+6.6%
Revenue$5,562 million
Revenue estimate$4,935 million
Revenue surprise+12.7%

Diamondback Energy beat expectations with adjusted earnings of $6.48 per share and sales of $5.562 billion. The energy sector shows optimism.

Sources (2)

Pre-market second reading after the results

Verdict
Beat expectations

Heading into the open, results beat expectations on both earnings and revenue, and the price is indicating -0.9% pre-market, a move below the stock's usual reaction (about 2%). The figures don't confirm the prior scenario: that move is too small to draw conclusions from.

How the stock reacted

Outcome
Partial
Consolidated
-3.5%
Max favorable move (MFE)
2.6%
Max adverse move (MAE)
4.9%