Diamondback Energy Inc NASDAQ:FANG Price, Chart, News & Insight

Diamondback Energy Rises 1.6% Premarket as Strong Free Cash Flow and Dividend Increase Support Shares

Diamondback Energy (NASDAQ: FANG) shares rose about 1.6% in premarket trading after the company reported strong third-quarter 2026 cash generation, increased its base dividend and raised full-year production guidance.

Average oil production was 525,000 barrels per day, with total production of 1.034 million barrels of oil equivalent per day. Diamondback generated $2.6 billion of operating cash flow and $3.2 billion before working-capital changes.

Free cash flow reached $2.1 billion, while adjusted free cash flow totaled $2.2 billion against approximately $1.0 billion of cash capital expenditures. The strong cash generation supported continued shareholder returns and debt reduction.

Diamondback increased its annual base dividend by 7.3% to $4.72 per share, representing an 18% increase from a year earlier. The company also repurchased approximately $251 million of stock during the quarter and another $73 million of shares so far in the fourth quarter.

The company raised its 2026 oil production outlook to approximately 524,000 barrels per day from more than 522,000 previously and increased total production guidance to roughly 1.015 million BOE per day. Full-year capital spending guidance was also lifted slightly to $3.95 billion-$4.00 billion from approximately $3.9 billion.

Diamondback additionally acquired a 7.5% stake in the Solitude Pipeline System, strengthening its exposure to Permian natural gas infrastructure.

The 1.6% premarket gain appears to reflect the combination of strong free cash flow, higher production expectations and increased shareholder distributions. The modest increase in capital spending provides a partial offset, but the quarter demonstrates Diamondback’s ability to fund investment while simultaneously raising dividends, repurchasing shares and reducing debt.

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Global Finance News 11-03-26

Diamondback Energy Slips in Pre-Market Despite Strong Q1 and Raised Production Guidance

May 5, 2026

Diamondback Energy (NASDAQ: FANG) is trading about 1.68% lower in Tuesday's pre-market session, even after the Permian Basin-focused oil producer posted a solid first quarter and raised its full-year production outlook. The decline likely reflects broader oil price pressures and investor caution around rising capital expenditure guidance rather than any weakness in the underlying business.

Q1 by the Numbers

Diamondback produced an average of 521.0 thousand barrels of oil per day in the first quarter, or 979.4 thousand barrels of oil equivalent per day in total. Net cash provided by operating activities came in at $1.8 billion, while operating cash flow before working capital changes reached $2.6 billion. Cash capital expenditures for the quarter were $933 million, leaving free cash flow of $1.7 billion — a figure that underscores the capital efficiency of the company's Permian operations.

The company returned $859 million to shareholders in the quarter, roughly 50% of adjusted free cash flow, through a combination of share repurchases and its base dividend. Diamondback bought back 3.3 million shares for approximately $548 million and raised its Q1 2026 base cash dividend to $1.10 per share, a 10% increase year-over-year, implying an annualized yield of approximately 2.1% based on the May 1 closing price of $207.65.

On the balance sheet front, the company completed a cash-funded tender offer retiring approximately $777 million in principal of long-dated senior notes at 81.1 cents on the dollar — a disciplined move that reduces future interest costs. It also fully repaid the remaining $550 million on its term loan due 2027, bringing pro forma gross debt to $12.7 billion at the end of April.

Guidance Raised

Diamondback increased its full-year 2026 oil production guidance to 520 thousand barrels per day or more, up from the prior range of 500 to 510 thousand barrels per day. Total BOE production guidance was raised to 972 thousand barrels per day or more, implying approximately 5% organic year-over-year growth.

The company also raised its full-year cash capital expenditure guidance to approximately $3.90 billion, up from $3.75 billion, with the increase directed toward operated drilling and completion activity. Net lateral footage completed was also nudged higher to 6,100 to 6,500 thousand feet from 5,900 to 6,300 thousand feet previously.

For the second quarter, Diamondback guided oil production of 515 to 525 thousand barrels per day and capital expenditures of $925 million to $1.025 billion.

Why the Stock Is Down

The pre-market decline is a reminder that even strong operational results can face headwinds from macro forces. Oil prices remain a key variable for Diamondback's revenue, and any softness in crude weighs on sentiment regardless of execution quality. The upward revision to capital spending — while tied to higher production — may also give some investors pause, as it signals a heavier near-term investment cycle even as the company works to reduce debt.

That said, the fundamentals here are difficult to argue with.

Diamondback generated $1.7 billion in free cash flow in a single quarter, raised its dividend, bought back a meaningful amount of stock, and retired debt at a discount. For investors with a medium to long-term view, the raised production guidance and continued capital discipline paint a picture of a company in strong operational health.

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The Investor 05-05-26

Diamondback Energy, Inc. Schedules First Quarter 2026 Conference Call for May 5, 2026

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Global Finance News 04-03-26

Diamondback Energy disclosed that it entered into a letter agreement with SGF FANG Holdings granting SGF the option to sell up to 3 million Diamondback shares per quarter through the end of 2026 at the latest NASDAQ closing price. Under this agreement, Diamondback repurchased 2 million SGF shares on November 28, 2025 at $152.59 per share. These purchases fall under the company’s existing $8 billion buyback authorization. With this transaction, Diamondback has bought back about 2.89 million shares since September 30 for $432 million, leaving roughly $2.7 billion remaining under its repurchase program. The agreement does not restrict SGF from selling shares through other permitted methods.

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Global Finance News 12-01-25

Diamondback Energy posts strong Q3 results, raises full-year oil production outlook

Diamondback Energy (NASDAQ: FANG) reported robust Q3 2025 results, with average oil production reaching 503.8 thousand barrels per day (MBO/d) and total production of 942.9 thousand barrels of oil equivalent per day (MBOE/d). Operating cash flow before working capital changes totaled $2.5 billion, while free cash flow came in at $1.8 billion. Capital expenditures were $774 million. The company declared a base dividend of $1.00 per share, yielding 2.8%, and repurchased 4.3 million shares for $603 million, returning a total of $892 million to shareholders—equivalent to 50% of adjusted free cash flow.

During the quarter, subsidiary Viper Energy completed its merger with Sitio Royalties, while Diamondback divested Environmental Disposal Systems and its 27.5% stake in EPIC Crude, generating over $1.2 billion in cash proceeds with potential for $296 million in additional contingent payments. In early Q4, the company repurchased another 611 thousand shares for $87 million and $203 million in long-term notes at a discount.

Reflecting strong operational execution, Diamondback raised its 2025 oil production guidance to 495–498 MBO/d and total output to 910–920 MBOE/d, while maintaining capital expenditure guidance of $3.45–$3.55 billion. The company expects to drill up to 465 gross wells and complete as many as 520 this year, maintaining a focus on capital efficiency and shareholder returns.

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The Investor 11-04-25

Diamondback Energy Reports Q3 2025 Derivative Gains and Realized Prices

Diamondback Energy (NASDAQ: FANG) reported its preliminary financial highlights for the third quarter of 2025, including realized commodity prices and derivative results. The company’s unhedged realized prices averaged $64.60 per barrel of oil, $0.75 per Mcf of natural gas, and $17.28 per barrel of natural gas liquids (NGLs). With hedges included, realized prices averaged $63.70 per barrel of oil and $1.75 per Mcf of natural gas.

Diamondback anticipates a total derivative gain of $120 million for the quarter, including $60 million in non-cash gains and $60 million in net cash settlements. This includes a $15 million realized loss related to the early termination of $150 million in interest rate swaps, which the company plans to exclude from its return of capital calculation.

The company reported 288.8 million basic and diluted weighted average shares outstanding for the quarter. Diamondback noted that the figures reflect preliminary results ahead of its full quarterly earnings release.

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European Investor 10-09-25

Deep Blue Acquires Environmental Disposal Systems from Diamondback Energy for $750M

MIDLAND, Texas, Sept. 2, 2025 – Deep Blue Midland Basin LLC, backed by Diamondback Energy (NASDAQ: FANG) and Five Point Infrastructure, announced it will acquire Environmental Disposal Systems (EDS) from Diamondback for $750 million, nearly doubling Deep Blue’s scale as the Midland Basin’s largest independent water infrastructure platform.

As part of the deal, Diamondback renewed a 15-year water dedication to Deep Blue and will retain a 30% equity stake in the joint venture. The company will receive $675 million in upfront cash proceeds and may earn up to $200 million in performance-based payments through 2028.

Following the acquisition, Deep Blue’s system will include:
• 1.2M barrels/day of treatment and recycling capacity
• 1.6M barrels/day of water gathered
• 3.4M barrels/day of permitted disposal capacity
• 1,871 miles of interconnected pipelines
• 783,000 dedicated acres

Diamondback CEO Kaes Van’t Hof said the transaction provides “meaningful value” while keeping the company aligned as both partner and customer. Deep Blue CEO Scott Mitchell emphasized the platform’s focus on sustainable produced water recycling to support upstream development.

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The Investor 09-02-25

Diamondback Energy, Inc. (NASDAQ: FANG) (“Diamondback”), today announced that it plans to release second quarter 2025 financial results on August 4, 2025 after the market closes.

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WS Investor 06-27-25

Diamondback Energy Extends Credit Facility Maturity and Reduces Borrowing Costs

Diamondback Energy, Inc. has amended its existing credit agreement with Wells Fargo and a syndicate of lenders, extending the maturity date from June 2028 to June 2030. The sixteenth amendment to the Second Amended and Restated Credit Agreement also lowers the applicable interest rates and fees.

Borrowings will now bear interest at either a term SOFR or alternate base rate, with margins ranging from 1.000% to 1.750% for SOFR loans and 0.000% to 0.750% for base rate loans, depending on the company’s credit ratings. Commitment fees on unused amounts will range from 0.100% to 0.250%.

All other terms of the credit agreement remain unchanged. The updated terms aim to enhance Diamondback’s capital efficiency while maintaining financial flexibility.

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M

ME NEWS 06-13-25

Diamondback Energy Q1 2025 Earnings Summary

Diamondback Energy reported net income of $1.4 billion ($4.83 per diluted share) in Q1 2025, up from $768 million ($4.28 per share) in Q1 2024, driven by strong production and commodity prices. Adjusted net income was $1.32 billion ($4.54 per share). Total revenue rose to $4.05 billion from $2.23 billion a year ago.
Production averaged 851 MBOE/d, with oil output at 476 MBO/d. The company realized average unhedged prices of $70.95 per barrel of oil and $47.77 per BOE overall. Adjusted EBITDA was $2.8 billion, with free cash flow of $1.5 billion and adjusted free cash flow of $1.6 billion.
Diamondback repurchased 3.7 million shares for $575 million and declared a $1.00 per share dividend, returning 55% of adjusted free cash flow to shareholders in Q1. As of March 31, 2025, the company had $1.3 billion in standalone cash and $12.3 billion in net debt.
Due to commodity price volatility, full-year capital guidance was reduced to $3.4–$3.8 billion (down from $3.8–$4.2 billion). Oil production is now guided at 480–495 MBO/d, with improved capital efficiency (~49.4 MBO per $MM of CAPEX). Q2 capex is expected to be $800–$900 million.
The company closed the Double Eagle acquisition on April 1 and a drop-down to Viper Energy on May 1. Diamondback plans to remain flexible on capital allocation, with the ability to adjust based on future market conditions.

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Global Finance News 05-06-25

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