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Diamondback Energy FANG Q2 2026 earnings

Reported August 3, 2026 · After market close

Revenue$5.6BBeat by $675.2M
EPS$6.48Beat by $0.40
Revenue estimate$4.9B
EPS estimate$6.08

Next report

Nov 2, 2026 (in a month)
Revenue estimate$4.5B
EPS estimate$5.00

Financials

Q2 2026

Income statement

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Revenue$5.6B+51.2%
Operating income$2.5B+121%
Net income$1.9B+169%
EPS (diluted)$6.65+179%

Balance sheet

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Cash & equivalents$464.0M+110%
Total debt$14.2B-6.5%
Total equity$37.9B-2.5%
Total assets$70.2B-2.4%

Cash flow

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Operating cash flow$3.6B+114%

Valuation & ratios

Valuation

as of 10/02/26
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Market cap$51.95B+25.3%
Enterprise value$65.64B+14.1%
P/E14.3×—
P/S3×+0.3×

Returns & leverage

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Debt / equity0.4×0.0×
Current ratio0.5×-0.1×

Segments

By product

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Oil sales$4.6B+62.2%
Sales of purchased oil$739.0M+121%
Natural gas liquid sales$435.0M+18.5%
Natural gas sales-$276.0M-385%

FAQ

When did Diamondback Energy report Q2 2026 earnings?
Diamondback Energy (FANG) reported Q2 2026 earnings on August 3, 2026 after market close.
What were Diamondback Energy's Q2 2026 revenue and EPS?
Diamondback Energy reported revenue of $5.6B and eps of $6.48 for Q2 2026.
Did Diamondback Energy beat estimates in Q2 2026?
Revenue beat the consensus estimate of $4.9B by $675.2M. EPS beat the consensus estimate of $6.08 by $0.40.
How did Diamondback Energy's Q2 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 52.3% from $3.7B a year earlier and eps grew 142.7% from $2.67.
Where can I find Diamondback Energy's Q2 2026 SEC filings?
You can read the 8-K earnings release (0001539838-26-000137) and the 10-Q periodic report (0001539838-26-000142) directly on SEC EDGAR. The filing index links above go to sec.gov.