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FANGDiamondback Energy, Inc.
$184.50$51.9B
Overview & Tools
OverviewChart Terminal ↗Visualize
Valuation & Forecasts
Valuation ModelsEstimatesDCF Model
Price & Analyst Data
Analyst TargetsPrice History
Financial Statements
Income StatementBalance SheetCash FlowRatios & Margins
Performance
P/E HistoryRevenue HistoryEarnings HistoryDividend HistoryTotal Return
Discovery & Screens
Live BreakoutsStock ScreenerOwnership
FANG logo

Diamondback Energy, Inc.

FANG
NASDAQ · Oil & Gas E&P
$184.50
At close - Sep 22, 4:00 PM EDT - USD
Market Cap$51.9B
P/E32.2x
52W High$216.90
Volume2.93M
OverviewTerminalAnalysisFinancialsValuationEarningsBreakoutsOwnership
VCP Research Verdict2026Q2

Permian Scale Drives Record Cash Returns

Diamondback Energy's transformative Endeavor acquisition has propelled the company into a new era of scale, with Q2 2026 revenue surging 52.3% YoY to $5.6B and EPS reaching $6.65. The company's operational leverage is evident in the 45.2% operating margin, whi...

GrowthAccelerating
ProfitabilityStrong
ValuationExpensive
TechnicalsMixed
Explore valuation models
MARKET ACTION

FANG price & volume

Price trend, volume and key moving averages

Launch Terminal
Loading chart...
Decision Checklist4 Core Signals

What matters now

The signals most likely to change the investment case.

01

Earnings momentum

9/12 Beats

EPS beat 9 of last 12 quarters

02

Valuation risk

+55% Peers

P/E is 55% above peer median

03

Market leadership

RS 63 · Avg

Average momentum (RS Rating: 63)

04

Mixed Trend

Mixed

Price < 50DMA but > 200DMA

Next CatalystEstimated earnings · Nov 3
01

Build the investment case

Start with the evidence for owning the stock and the risks that can break the thesis.

EXECUTIVE THESIS

The Investment Case

Full Analysis
Fundamental Trajectory

Revenue surged 52.3% YoY to $5.6B in Q2 2026, with operating margin expanding to 45.2%, though net margin of 33.8% trails due to non-operating charges.

Analyst Consensus+20.5% target
Buy(53 analysts)
48 Buy5 Hold0 Sell

The Bull Case

Upside Catalysts

Bullish analyst coverage

A bullish thesis on Diamondback Energy, Inc. was highlighted by @MoneyShow on X.com, suggesting positive sentiment among analysts.

Comprehensive investor resources

Diamondback Energy provides detailed business information for investors and analysts, enhancing transparency and confidence.

Extensive SEC filings

MarketBeat offers access to Diamondback Energy's complete SEC filing history, aiding in thorough financial analysis and due diligence.

The Bear Case

Key Downside Risks

Market performance

Price History →

Trailing total returns as of 9/23/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).

YTD Return
FANG+23.24%
S&P 500 (^GSPC)+13.20%
1-Year Return
FANG+35.96%
S&P 500 (^GSPC)+15.98%
3-Year Return
FANG+35.09%
S&P 500 (^GSPC)+76.76%
5-Year Return
FANG+157.75%
S&P 500 (^GSPC)+62.78%
02

Test the fundamentals

Check whether operating performance supports the current valuation.

VALUATION & INTRINSIC VALUE

Valuation Scenarios

Valuation Analysis
Trailing P/E5Y High
32.2x
Forward P/EExpansion
9.0x
EV/EBITDA100th %ile
6.7x
FCF YieldCash Flow
10.1%

Valuation vs 5-Year History

Multiple Range
Metric
Current
5Y Median
Historical Range
Percentile
P/E
32.2x
8.9x
100th· High
EV/EBITDA
6.7x
5.4x
100th· High
Price/FCF
9.9x
11.5x
50th· Fair
Current Multiple
5Y Median (50th %ile)

Intrinsic Value Scenarios

DCF Projection
Bear$339.50+84.0%
Base (Fair)$573.05+197.8%
Bull$1007.52+446.1%
$339.50 Bear$573.05 Base$1007.52 Bull
Current Market Price: $184.50
Trades at a 67.8% discount to Base DCF ($573.05)
Open DCF & Valuation Models →Chart Terminal ↗

Growth & profitability

Annual revenue & EPS trend
Revenue
$15.03B+36.3% YoY
Net income
$1.66B-50.1% YoY
Free cash flow
$5.24B+197.4% YoY
Operating margin
32.7%-7.2 pts YoY
ROIC (TTM)6.7%
Avg ROIC 5Y-
ROE (TTM)4%
Piotroski Score4 / 9
Financial Statements →
03

Monitor what changed

Recent results and news deserve attention only when they alter the forward view.

OPERATING RESULTS

Recent Earnings

Earnings History
EPS Beat Rate9/12 (75%)
Revenue Beat Rate10/12 (83%)
QuarterEPS (Act vs Est)Revenue (Act vs Est)
Q3 2026Latest
Aug 3, 2026
$6.48+6.6%
vs $6.08
$4.8B-1.3%
vs $4.9B
Q2 2026
May 4, 2026
$4.23+13.1%
vs $3.74
$4.2B+10.6%
vs $3.8B
Q1 2026
Feb 23, 2026
$1.74-13.0%
vs $2.00
$3.0B-7.5%
vs $3.3B
Q4 2025
Nov 3, 2025
$3.08+4.8%
vs $2.94
$3.9B+11.2%
vs $3.5B
Historical baseline: 12 quarters analyzedGAAP / Adjusted
MARKET COVERAGE

Latest News

5 Stories
Zacks Investment Research·1d ago
Diamondback Energy (FANG) Stock Drops Despite Market Gains: Important Facts to Note

Diamondback Energy (FANG) reached $189.27 at the closing of the latest trading day, reflecting a -1.64% change compared to its last close.

Fool - Investing News·3d ago
This Overlooked Pipeline Stock Just Became a Rival's Joint-Venture Partner Without Anyone Noticing

MPLX LP didn't just team up with a pipeline rival; it also teamed up with two rivals in the upstream sector, too.

Barrons·4d ago
This Diamondback Insider Is One of the World's Richest People. She Just Sold $2 Billion of Stock.

SGF Fang Holdings, an investment vehicle for billionaire Lyndal Stephens Greth, sold more than 9 million Diamondback Energy shares.

GuruFocus·5d ago
First Look: Buffett Steps Down, Fed Hikes, Paramount-WBD Merger

Prefer to listen? Hear this as a ~5-minute audio briefing on The GuruFocus Brief.Stock NewsBuffett to exit Berkshire chair role: Warren Buffett (Trades, Portfol

Filtered for Diamondback Energy, Inc.More Headlines
04

Compare before deciding

Benchmark FANG against direct peers instead of judging its metrics in isolation.

Peers Comparison

Key metrics vs top competitors for Diamondback Energy, Inc. (FANG)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
FANG logoFANGDiamondback Energy, Inc.Current
$184.50$51.9B32.2036.31%11.07%4.02%2.17%
MTDR logoMTDRMatador Resources Company
$51.86$6.44B8.525.1%18.6%12.05%—
CTRA logoCTRACoterra Energy Inc.
$32.56$24.72B14.4740.07%21.68%11.26%—
SM logoSMSM Energy Company
$33.92$8.13B6.0118.07%18.16%16.53%—
PARR logoPARRPar Pacific Holdings, Inc.
$79.11$3.97B11.05-6.39%9.94%56.63%—
EOG logoEOGEOG Resources, Inc.
$139.52$74.31B15.32-3.47%25.71%22.38%—

Compare FANG vs Peers

Diamondback Energy, Inc. (FANG) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs MTDR

Most directly comparable listed peer for FANG.

Scale Benchmark

vs XOM

Larger-name benchmark to compare FANG against a more recognizable public peer.

Peer Set

Compare Top 5

vs MTDR, CTRA, SM, PARR

05

Keep researching

Verify the primary filings, follow material updates, and answer the remaining questions.

FANG SEC Filings & Documents

Diamondback Energy, Inc. (FANG) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Aug 3, 2026·SEC

Material company update

Jul 13, 2026·SEC

Material company update

Jun 15, 2026·SEC

10-K Annual Reports

2
FY 2026

Feb 25, 2026·SEC

FY 2025

Feb 26, 2025·SEC

10-Q Quarterly Reports

6
FY 2026

Aug 5, 2026·SEC

FY 2026

May 6, 2026·SEC

FY 2025

Nov 5, 2025·SEC

Get notified when FANG posts new earnings or crosses analyst targets

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FANG Frequently Asked Questions

Diamondback Energy, Inc. (FANG) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is Diamondback Energy, Inc.'s revenue?

Diamondback Energy, Inc. (FANG) reported $17.10B in revenue for fiscal year 2025. This represents a 134392% increase from $12.7M in 2009.

How fast is Diamondback Energy, Inc. growing?

Diamondback Energy, Inc. (FANG) grew revenue by 36.3% over the past year. This is strong growth.

Is FANG profitable?

Yes, Diamondback Energy, Inc. (FANG) is profitable, generating $1.59B in net income for fiscal year 2025 (11.1% net margin).

Dividend & Returns
Does FANG pay dividends?

Yes, Diamondback Energy, Inc. (FANG) pays a dividend with a yield of 2.17%. This makes it attractive for income-focused investors.

What is FANG's return on equity?

Diamondback Energy, Inc. (FANG) has a return on equity (ROE) of 4.0%. This is below average, suggesting room for improvement.

What is Diamondback Energy, Inc.'s free cash flow?

Diamondback Energy, Inc. (FANG) generated $6.50B in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

What if you invested $1,000 in FANG back in 2009?

Total return calculator · dividends reinvested · 17+ years of data

See returns →