Loading
Sentiment · FY2026 Q2
As of FY2026 Q1, the Tellvest earnings-call sentiment score for Diamondback Energy (FANG) is 6/10.
Diamondback went straight to Q&A and used the call to activate its green light framework, adding 2 to 3 rigs and a fifth completion crew in response to $100 oil and what management called the world's largest oil supply disruption in history, establishing 520,000-plus barrels per day of oil as the new baseline. Revenue grew 5.18% year over year, while GAAP EPS fell to $0.08 from $4.83 on non-cash commodity derivative losses tied to the oil price surge rather than operating deterioration. Capital efficiency set records with drilling costs hitting the $300 per foot target, down from $360 a foot last year, and the first Barnett well drilled under $400 per foot against the $800 per foot threshold needed to make the zone competitive with the base program. The reinvestment rate fell from 44% to 34% at the current strip, funding accelerated deleveraging that brought net debt to $12.7 billion and pulled the $10 billion target to within months of the prior 12 to 18 month timeline. Deeply negative Waha gas pricing remained the main offset, prompting 2,000 to 3,000 barrels per day of shut-ins pending two new pipelines in the second half.
Scored from Diamondback Energy’s FY2026 Q1 earnings call. The newest quarter is available with Tellvest Pro.
Full Pro access for 30 days when you create a free account. No credit card required.
All prior quarters are free.
| Quarter | Revenue | Rev YoY | EPS | EPS YoY | Op margin | Net margin | FCF |
|---|---|---|---|---|---|---|---|
| FY2024 Q4 | $3.70B | +66.7% | $3.67 | -31.3% | 38.2% | 29.1% | $482M |
| FY2025 Q1 | $4.03B | +81.7% | $4.83 | +12.9% | 41.5% | 34.9% | $663M |
| FY2025 Q2 | $3.65B | +47.6% | $2.38 | -48.9% | 31.2% | 19.1% | $-2.31B |
| FY2025 Q3 | $3.92B | +48.9% | $3.50 | +9.7% | 31.5% | 25.9% | $1.61B |
| FY2025 Q4 | $3.38B | -8.7% | $-5.11 | -239.2% | 25.8% | -43.2% | $1.40B |
| FY2026 Q1 | $4.24B | +5.2% | $0.08 | -98.3% | 2.7% | 3.4% | $895M |
| FY2026 Q2 | $5.56B | +52.3% | $6.65 | +179.4% | 45.2% | 36.9% | $2.59B |