Diamondback Energy, Inc. (FANG) Stock Price & Analysis
Diamondback Energy, Inc. (FANG) closed at USD 197.14 on Thursday, October 22, 2026, down 1.89% on the day. The US market is currently closed (pre-market); this is not a live price.
The prior close was USD 197.14; the Oct 22, 2026 session ranged USD 194.85–203.35 on volume of 2,023,209 shares. Market capitalization is —, with a 52-week range of USD 137.03–216.9 (NMS). Source: Nexqual, retrieved October 23, 2026 at 09:48 UTC.
Also available as compact Markdown for AI agents: nexqual.com/FANG.md
Key facts (FANG)
- Last four reported quarters (through Jun 30, 2026): revenue $17.1B, net income $1.47B (8.6% margin) (SEC filings).
- 2 of 80 tracked superinvestors hold FANG (13F, Q2 2026): 0 new, 1 added, 1 reduced, 0 unchanged.
- Analysts: Buy (mean 1.97 on a 1–5 scale) (32 analysts), mean target USD 238.47 (range 213–287).
- Total return with dividends: 1Y +37.2% vs S&P 500 +14.9%; 5Y +122.8% vs S&P 500 +80.3%.
- Next earnings: 2026-11-02, EPS estimate USD 5.51, revenue estimate $4.84B.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (FANG)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $6.80B | $9.64B | $8.41B | $11.1B | $15.0B | $17.1B |
| Operating income | $4.00B | $6.51B | $4.57B | $4.40B | $1.27B | $1.08B |
| Net income | $2.18B | $4.39B | $3.14B | $3.34B | $1.66B | $1.47B |
| EPS (diluted) | $12.24 | $24.61 | $17.34 | $15.53 | $5.73 | — |
| Operating margin | 58.9% | 67.5% | 54.3% | 39.7% | 8.4% | 6.3% |
| Net margin | 32.1% | 45.5% | 37.4% | 30.2% | 11.1% | 8.6% |
| Revenue growth | +141.6% | +41.9% | -12.8% | +31.6% | +35.8% | — |
| Cash + short-term investments | $654M | $157M | $582M | $161M | $104M | — |
| Total debt | $6.69B | $6.25B | $6.64B | $13.0B | $14.5B | — |
Fiscal years end Dec. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 30, 2026) (FANG)
P/E at fiscal year-ends: Dec 2025 26.1x, Dec 2024 10.5x, Dec 2023 8.9x.
Superinvestors (SEC 13F-HR, Q2 2026) (FANG)
2 of 80 tracked investors hold FANG. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| Van Den Berg Management I | 3.02% | $14.3M | Reduced -2.0% | |
| Yacktman Asset Management | 2.20% | $178M | Added +1.0% |
Analysts (FANG)
Consensus Buy (mean 1.97 on a 1–5 scale), 32 analysts; mean target USD 238.47 (low 213, high 287).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-15 | Scotiabank | Initiated | Sector Outperform | $250 |
| 2026-10-15 | Morgan Stanley | Target raised | Equal-Weight | $216 → $222 |
| 2026-10-14 | RBC Capital | Reiterated | Outperform | $240 |
| 2026-09-17 | Raymond James | Target raised | Strong Buy | $248 → $255 |
| 2026-09-14 | UBS | Target raised | Buy | $243 → $253 |
| 2026-09-03 | Seaport Global | Initiated | Neutral | |
| 2026-08-19 | Morgan Stanley | Downgrade | Overweight → Equal-Weight | $216 |
| 2026-08-17 | Barclays | Target lowered | Overweight | $232 → $221 |
| 2026-08-10 | Citigroup | Target lowered | Buy | $221 → $220 |
| 2026-08-05 | Truist Securities | Target raised | Buy | $220 → $224 |
| 2026-08-05 | Wells Fargo | Target raised | Overweight | $262 → $263 |
| 2026-07-21 | UBS | Target lowered | Buy | $246 → $243 |
Total return (dividends reinvested) (FANG)
| 1Y (from 2025-10-23) | 5Y (from 2021-10-18) | |
|---|---|---|
| Total return | +37.2% | +122.8% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | +37.3% | +17.3% |
| Volatility (annualized) | 32.6% | 38.4% |
| Max drawdown | -19.1% (May 2026→Jul 2026) | -38.6% (Apr 2024→Mar 2025) |
FANG revenue by product line (quarter ended Jun 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Aggregate Revenues | $5.55B | 99.7% | +51.3% |
| Total oil, natural gas and natural gas liquid revenues | $4.79B | 86.0% | +44.3% |
| Oil sales | $4.63B | 83.2% | +62.2% |
| Sales of purchased oil | $739.0M | 13.3% | +120.6% |
| Natural gas liquid sales | $435.0M | 7.8% | +18.5% |
| Total revenue | $5.56B | 100% | — |
As tagged by the company in its SEC 10-Q / 10-K filings (XBRL).
FANG suppliers, customers and competitors (named in its 10-K)
| Relationship | Company | Sentence in the filing |
|---|---|---|
| Partner | Viper Energy, Inc. (VNOM) | “On August 19, 2025, Viper and Viper LLC completed a series of transactions in which Viper Energy, Inc. (formerly known as New Cobra Pubco, Inc., "New Viper") acquired Sitio, Sitio Royalties Operating Partnership, LP ("Sitio OpCo") and their respective subsidiaries, pursuant to the Agreement and Plan of Merger, dated June 2, 2025, by and among VNOM Sub, Inc. (formerly known as Viper Energy Inc., "Former Viper"), Vi…” |
| Partner | Endeavor Parent | “Pursuant to an agreement with the Endeavor equityholders, the Company appointed four additional directors to our board of directors of the Company.” |
| Partner | Five Point Energy | “We and Five Point Energy LLC currently anticipate collectively contributing $500 million in follow-on capital to fund future growth in our Deep Blue Midland Basin LLC joint venture projects and acquisitions.” |
| Partner | Deep Blue Midland Basin | “We and Five Point Energy LLC currently anticipate collectively contributing $500 million in follow-on capital to fund future growth in our Deep Blue Midland Basin LLC joint venture projects and acquisitions.” |
| Partner | PLAINS ALL AMERICAN PIPELINE LP (PAA) | “On October 31, 2025, the Company divested its 27.5% equity interest in EPIC Crude Holdings, LP ("EPIC") pursuant to a definitive purchase and sale agreement with Plains All American Pipeline, L.P. and Plains GP Holdings for approximately $504 million in cash and an additional $96 million in unrecognized contingent consideration (the "EPIC Divestiture").” |
Quoted from the company's 10-K filed Feb 25, 2026.
Companies that name FANG in their SEC reports
| Relationship to FANG | Company | Filing | Sentence |
|---|---|---|---|
| partner | Kinetik Holdings Inc. (KNTK) | 10-K Feb 26, 2026 | “During the fourth quarter 2025, the Company consummated the previously announced Sale and Purchase Agreement with affiliates of Diamondback Energy, Inc. (together with the Company, the "Sellers") and affiliates of Plains All American Pipeline, L.P. (the "Buyer") to sell, collectively, 55% of the outstanding interests in EPIC ("EPIC Sale").” |
FANG customer concentration
In the period ended Dec 31, 2025, 4 direct customers each accounted for at least 10% (16%, 13%, 12%, 11%) of revenue, per the company's 10-K filed Feb 25, 2026. The company does not name them.
FANG analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Sep 2026) | $5.51 | $4.52 | +21.8% | $4.84B | 29 |
| Next quarter (ends Dec 2026) | $6.24 | $4.53 | +37.9% | $5.19B | 27 |
| Current fiscal year (ends Dec 2026) | $22.55 | $19.66 | +14.7% | $19.52B | 27 |
| Next fiscal year (ends Dec 2027) | $20.92 | $17.39 | +20.3% | $18.67B | 28 |
FANG options: expected move
Options price a move of about ±8.9% (±$17.55) by Nov 20, 2026, which includes earnings on Nov 2, 2026. Over the last 8 reports the stock moved ±2.8% on average.
| Expiration | Days | ATM implied volatility | Expected move |
|---|---|---|---|
| Nov 20, 2026 | 28 | 38.7% | ±8.9% |
| Dec 18, 2026 | 56 | 36.7% | ±11.7% |
| Jan 15, 2027 | 84 | 35.7% | ±13.8% |
| Mar 19, 2027 | 147 | 35.7% | ±18.1% |
| Jun 17, 2027 | 237 | 35.1% | ±22.3% |
| Aug 20, 2027 | 301 | 35.2% | ±25.1% |
| Sep 17, 2027 | 329 | 35.4% | ±26.3% |
| Nov 19, 2027 | 392 | 35.7% | ±28.8% |
30-day implied volatility 37.4% vs 35.4% realized over the last 30 trading days. Put/call ratio (volume) 2.43. Cboe delayed quotes (15 min). Expected move = at-the-money straddle.
Key Statistics (as of October 23, 2026 at 09:48 UTC)
| Price | USD 197.14 |
|---|---|
| Change | ▼ 1.89% (down) |
| Previous Close | USD 197.14 |
| Open | USD 197.14 |
| Day Range | USD 194.85 – 203.35 |
| 52-Week Range | USD 137.03 – 216.9 |
| Volume | 2,023,209 shares |
| Market Cap | — |
| Exchange | NMS |
Technical Analysis (FANG)
Nexqual's technical model rates FANG "BUY" based on 4 bullish and 1 bearish signals across 127 daily candles, as of October 23, 2026 at 09:48 UTC.
| Overall Signal | BUY |
|---|---|
| RSI (14) | 52.02 (neutral) |
| vs SMA50 | Below (USD 197.29) |
| MACD | 1.88 (positive) |
Analyst Ratings (FANG)
Wall Street analysts rate FANG "Buy" based on 32 analysts, with a mean price target of USD 238.47 (range USD 213–287), per Nexqual as of October 23, 2026 at 09:48 UTC.
| Consensus Rating | Buy |
|---|---|
| Analyst Count | 32 |
| Mean Target | USD 238.47 |
| High Target | USD 287 |
| Low Target | USD 213 |
| Buy / Hold / Sell | 27 / 5 / 0 |
Earnings (FANG)
| Next Earnings Date | 2026-11-02 |
|---|---|
| EPS Estimate | USD 5.51 |
| Revenue Estimate | $4.84B |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-06-30 | USD 6.48 vs est 5.98 ▲ beat |
| 2026-03-31 | USD 4.23 vs est 3.75 ▲ beat |
| 2025-12-31 | USD 1.74 vs est 2 ▼ miss |
| 2025-09-30 | USD 3.08 vs est 2.94 ▲ beat |
Source: Nexqual, October 23, 2026 at 09:48 UTC.
Financials & Fundamentals (FANG)
| Total Revenue | $16.25B |
|---|---|
| Revenue Growth (latest quarter, YoY) | +52.50% |
| Gross Margin | +72.35% |
| Operating Margin | +48.47% |
| Profit Margin | +9.03% |
| ROE | +3.49% |
| Debt / Equity | 0.29 |
| Current Ratio | 0.47 |
| Total Cash | $462.00M |
| Total Debt | $12.61B |
Source: Nexqual, October 23, 2026 at 09:48 UTC.
Financial Health Score (FANG)
Nexqual rates Diamondback Energy, Inc.'s overall financial health "Solid" across five dimensions, as of October 23, 2026 at 09:48 UTC.
| Growth | Strong — Revenue +36% YoY (annual) |
|---|---|
| Profitability | Strong — Gross margin 72%, operating 48% (last 12 months) |
| Balance Sheet | Solid — $462M cash and investments vs $12.6B debt (Jun 2026, SEC) |
| Cash Flow | Solid — Operating cash flow $8.76B (FY ended Dec 2025, 10-K) |
| Efficiency | Weak — ROE 3%, ROA 1.3% |
Ownership (FANG)
| Insider Ownership | +23.88% |
|---|---|
| Institutional Ownership | +73.50% |
| Shares Outstanding | 280.02M |
| Float | 213.36M |
| Short % of Float | +3.76% |
Source: Nexqual, October 23, 2026 at 09:48 UTC.
Leadership (FANG)
Diamondback Energy, Inc. is led by Matthew Kaes Van't Hof, CEO & Director, per Nexqual as of October 23, 2026 at 09:48 UTC.
| CEO & Director | Matthew Kaes Van't Hof |
|---|---|
| Executive VP & CFO | Jere W. Thompson |
| Executive VP & COO | Daniel N. Wesson |
| Senior Vice President of Geoscience & Technology | David L. Cannon |
| Vice President of Investor Relations | Adam T. Lawlis |
Major Backers & Investors (FANG)
Notable institutional backers of Diamondback Energy, Inc. include Wellington Management, Invesco, Capital Group, according to Nexqual as of October 23, 2026 at 09:48 UTC.
Active Investors
| Investor | Stake |
|---|---|
| Wellington Management | 5.86% |
| Invesco | 3.99% |
| Capital Group | 3.19% |
| Boston Partners | 2.09% |
| AMERICAN BALANCED FUND | 1.83% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| Vanguard Group | 8.03% |
| BlackRock | 6.71% |
| State Street | 4.49% |
| Geode Capital | 1.92% |
| BNY Mellon | 1.73% |
Source: Nexqual, October 23, 2026 at 09:48 UTC.
Legal & Regulatory Risks from Diamondback Energy, Inc.'s Latest 10-K (filed 2026-02-25)
- Our operations are subject to various governmental laws and regulations which require compliance that can be burdensome and expensive.
- Legal proceedings brought against us could result in substantial liabilities and materially and adversely impact our financial condition.
- Failure to comply with cybersecurity and data privacy laws and regulations could have a material effect on our reputation, results of operations or financial loss.
- The provision of our certificate of incorporation and bylaws requiring exclusive venue in the Court of Chancery in the State of Delaware for certain types of lawsuits may have the effect of discouraging lawsuits against us and our directors, officers and employees.
Source: SEC EDGAR 10-K, Item 1A, official filing.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| DVN | Devon Energy Corporation | USD 49.18 | ▼ 1.38% |
| OXY | Occidental Petroleum Corporatio | USD 62.5 | ▼ 0.32% |
| EOG | EOG Resources, Inc. | USD 157.96 | ▲ 0.05% |
| EQT | EQT Corporation | USD 54.67 | ▲ 1.11% |
| CNQ | Canadian Natural Resources Limi | USD 53.92 | ▼ 0.59% |
| TPL | Texas Pacific Land Corporation | USD 333.67 | ▼ 3.09% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 09:48 UTC. This page is informational and not investment advice.
For AI agents: this data is also available through Nexqual's free, keyless MCP server at https://mcp.nexqual.com/mcp; every result includes source_url, as_of and cite_as. More: nexqual.com/agents · llms.txt