Analyst Consensus ?
ConsensusBuy51 ratings
Bullish4690.2%
Neutral59.8%
Bearish00.0%
Diamondback Energy, Inc. · FANG · FY2025 Q3 · Calendar Q4 2025
Diamondback Energy: Efficiency offsets oil-price pressure
The supplied analysis supports a constructive operating thesis: Diamondback is using a low-cost structure, drilling efficiencies, disciplined capex, and diversified gas offtake to defend cash generation despite oil-price pressure. The main test is whether productivity, new-zone returns, and planned power projects can offset commodity and execution risks.
Reported After market closeNASDAQEnergy
$51.96B market cap
90quality score
Earnings scorecard
Reported versus consensus
Reported EPS
$3.08
Consensus $2.94
EPS surprise
+4.8%
Reported versus consensus
Reported revenue
$3.92B
Consensus $3.53B
Revenue surprise
+11.2%
Reported versus consensus
Market reaction
event-close to next-session close
Stock move
-1.3%
Event window
SPY move
-1.2%
Same window
Abnormal move
-0.1%
Stock minus SPY
Volume
1.4×
Versus trailing sessions
Subsequent drift
+13.6%
Up to 20 sessions
FANGSPY benchmark
Ask FN2 about FANG FY2025 Q3
Transcript, numbers and history already loaded
Why did FANG fall 1.3% after beating EPS estimates in FY2025 Q3?What changed in FANG's guidance and outlook in FY2025 Q3?Give me the bull and bear case for FANG after FY2025 Q3 earnings.
Free account. Your question opens in FN2 with this report's transcript and numbers attached.
Transcript intelligence
What changed
The quarter's analysis highlighted lower capex, a stable production baseline, continuous-pumping and longer-lateral initiatives, and a broader gas-sales strategy. It also identified a commitment of 50 mmcf/d to the planned 1.3 GW Basin Ranch power plant and continued selective M&A and buybacks.
Guidance delta
Management guidance sentiment was maintained. The supplied analysis describes Q4 capex of $875–$975 million and a production baseline of about 510,000 barrels per day.
Key takeaways
- Free cash flow per share grew 15% despite oil-price weakness, according to the supplied analysis.
- Management emphasized a stable production baseline, disciplined reinvestment, and efficiency gains from continuous pumping and longer laterals.
- Gas strategy is shifting toward multiple pipelines and gas-to-power contracts, including the planned Basin Ranch project.
Management priorities
- Deploy continuous pumping across up to five drilling fleets and pursue longer laterals.
- Maintain the production baseline while optimizing the reinvestment rate.
- Advance Basin Ranch and other gas-to-power projects while selectively considering bolt-on acquisitions and continuing buybacks.
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Try FN2 freeEarnings History
Estimate
Beat
Miss
Match
Analyst 52W Price Targets
$184.71Previous close
$100Low
$200.73Average
$262High
Latest persisted target per named analyst; persisted previous close from FN2's market snapshot as of Oct 5, 2026. Not an FN2 forecast.
Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| Roth Capital | Neutral | Buy | Downgrade | Apr 8, 2026 |
| The Benchmark Company | Hold | Buy | Downgrade | Mar 5, 2026 |
| B of A Securities | Buy | Neutral | Upgrade | Apr 29, 2025 |
| Citigroup | Buy | Neutral | Upgrade | Apr 7, 2025 |
| Wolfe Research | Outperform | Peer Perform | Upgrade | Jan 3, 2025 |
| Wells Fargo | Overweight | Overweight | Maintain | Oct 18, 2024 |
| Susquehanna | Positive | Positive | Maintain | Oct 18, 2024 |
| Truist Securities | Buy | Buy | Maintain | Oct 16, 2024 |
| Keybanc | Overweight | Overweight | Maintain | Oct 16, 2024 |
| Piper Sandler | Overweight | Overweight | Maintain | Oct 15, 2024 |
| Scotiabank | Sector Outperform | Sector Outperform | Maintain | Oct 10, 2024 |
| BMO Capital | Outperform | Market Perform | Upgrade | Oct 4, 2024 |
| Benchmark | Buy | Buy | Maintain | Oct 3, 2024 |
| Barclays | Overweight | Equal Weight | Upgrade | Oct 2, 2024 |
| Evercore ISI Group | Outperform | Outperform | Maintain | Sep 30, 2024 |
| UBS | Buy | Buy | Maintain | Sep 18, 2024 |
| RBC Capital | Outperform | Outperform | Maintain | Sep 17, 2024 |
| Morgan Stanley | Overweight | Overweight | Maintain | Sep 16, 2024 |
| Bernstein | Outperform | Outperform | Maintain | Jul 17, 2024 |
| Mizuho | Buy | Buy | Maintain | May 13, 2024 |
| Stifel | Buy | Buy | Maintain | Apr 23, 2024 |
| Raymond James | Strong Buy | Strong Buy | Maintain | Jan 24, 2024 |
| Goldman Sachs | Buy | Buy | Maintain | Apr 21, 2023 |
| Johnson Rice | Buy | Accumulate | Maintain | Dec 5, 2022 |
| Credit Suisse | Outperform | Outperform | Maintain | Nov 17, 2022 |
| Imperial Capital | Outperform | Outperform | Maintain | Jul 16, 2020 |
| TD Securities | Buy | Buy | Maintain | Jul 15, 2020 |
| SunTrust Robinson Humphrey | Buy | Hold | Upgrade | Jun 25, 2020 |
| CFRA | Buy | Buy | Maintain | Apr 8, 2020 |
| MKM Partners | Buy | Buy | Maintain | Feb 20, 2020 |
| JP Morgan | Overweight | Overweight | Maintain | Oct 9, 2019 |
| Oppenheimer | Outperform | Outperform | Maintain | Aug 22, 2019 |
| Bank of America | Buy | Buy | Maintain | May 21, 2019 |
| Williams Capital | Buy | Hold | Upgrade | Aug 20, 2018 |
| Jefferies | Buy | Buy | Maintain | Jun 19, 2018 |
| Stifel Nicolaus | Buy | Buy | Maintain | Apr 11, 2018 |
| Stephens & Co. | Overweight | Equal Weight | Upgrade | Oct 17, 2016 |
| Canaccord Genuity | Buy | Buy | Maintain | Oct 11, 2016 |
| Deutsche Bank | Buy | Buy | Maintain | Aug 10, 2016 |
| Wunderlich Securities | Buy | Buy | Maintain | May 5, 2016 |
| Wunderlich | Buy | Buy | Maintain | May 5, 2016 |
| Clarksons Platou | Neutral | Buy | Downgrade | Mar 15, 2016 |
| Clarkson Capital Markets | Neutral | Buy | Downgrade | Mar 15, 2016 |
| Nomura | Buy | Buy | Maintain | Jan 21, 2016 |
| Cowen & Co. | Outperform | Market Perform | Upgrade | Jan 14, 2016 |
| Topeka Capital | Buy | Buy | Maintain | Oct 6, 2015 |
| Topeka | Buy | Buy | Maintain | Oct 6, 2015 |
| Tudor Pickering | Accumulate | Buy | Maintain | Apr 23, 2015 |
| KLR Group | Hold | Buy | Downgrade | Dec 23, 2013 |
| Sterne Agee | Buy | Neutral | Upgrade | Sep 24, 2013 |
| CK Cooper | Buy | Buy | Maintain | May 28, 2013 |
Named analyst price targets
Upside is calculated against the persisted previous close $184.71. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| Stephens | Analyst unavailable | $255 | $193.15 | +38.1% | Sep 17, 2026 |
| UBS | Analyst unavailable | $253 | $204.97 | +37.0% | Sep 14, 2026 |
| Barclays | Analyst unavailable | $221 | $202.47 | +19.6% | Aug 17, 2026 |
| Jefferies | Analyst unavailable | $205 | $188.04 | +11.0% | Aug 9, 2026 |
| Truist Financial | Gabe Daoud | $224 | $188.48 | +21.3% | Aug 5, 2026 |
| Wells Fargo | Analyst unavailable | $237 | $191.87 | +28.3% | Aug 4, 2026 |
| Wolfe Research | Doug Leggate | $206 | $191.63 | +11.5% | Aug 4, 2026 |
| Raymond James | John Freeman | $248 | $199.65 | +34.3% | Jul 31, 2026 |
| Susquehanna | Charles Minervino | $255 | $197.87 | +38.1% | Jul 21, 2026 |
| UBS | Josh Silverstein | $243 | $195.38 | +31.6% | Jul 21, 2026 |
| Truist Financial | Gabe Daoud | $220 | $190.05 | +19.1% | Jul 16, 2026 |
| Morgan Stanley | Analyst unavailable | $216 | $179.91 | +16.9% | Jun 29, 2026 |
| Wells Fargo | Analyst unavailable | $212 | $183.5 | +14.8% | Jun 22, 2026 |
| Roth Capital | Analyst unavailable | $212 | $183.5 | +14.8% | Jun 22, 2026 |
| Raymond James | John Freeman | $249 | $194.24 | +34.8% | Jun 10, 2026 |
| Mizuho Securities | Nitin Kumar | $240 | $195.13 | +29.9% | May 27, 2026 |
| Barclays | Betty Jiang | $232 | $200.71 | +25.6% | May 26, 2026 |
| Morgan Stanley | Devin McDermott | $229 | $200.31 | +24.0% | May 22, 2026 |
| Bernstein | Bob Brackett | $241 | $188.7 | +30.5% | May 11, 2026 |
| Susquehanna | Analyst unavailable | $245 | $196.43 | +32.6% | May 6, 2026 |
| Truist Financial | Analyst unavailable | $242 | $197.02 | +31.0% | May 6, 2026 |
| Roth Capital | Analyst unavailable | $205 | $207.7 | +11.0% | May 5, 2026 |
| Barclays | Analyst unavailable | $225 | $213.69 | +21.8% | May 5, 2026 |
| Raymond James | John Freeman | $242 | $197.03 | +31.0% | Apr 27, 2026 |
| Wells Fargo | Hanwen Chang | $262 | $180.27 | +41.8% | Apr 20, 2026 |
| Morgan Stanley | Devin McDermott | $224 | $173.23 | +21.3% | Apr 17, 2026 |
| UBS | Analyst unavailable | $245 | $187.2 | +32.6% | Apr 10, 2026 |
| Goldman Sachs | Analyst unavailable | $100 | $191.78 | -45.9% | Mar 23, 2026 |
| Raymond James | John Freeman | $240 | $187.08 | +29.9% | Mar 17, 2026 |
| Roth Capital | Analyst unavailable | $180 | $172.8 | -2.5% | Feb 24, 2026 |
| UBS | Analyst unavailable | $195 | $173.07 | +5.6% | Feb 24, 2026 |
| Mizuho Securities | Analyst unavailable | $205 | $173.82 | +11.0% | Feb 24, 2026 |
| Piper Sandler | Analyst unavailable | $218 | $159.12 | +18.0% | Jan 28, 2026 |
| Wells Fargo | Analyst unavailable | $171 | $153.52 | -7.4% | Jan 27, 2026 |
| Morgan Stanley | Analyst unavailable | $171 | $154.49 | -7.4% | Jan 23, 2026 |
| Piper Sandler | Analyst unavailable | $215 | $148.7 | +16.4% | Jan 21, 2026 |
| Jefferies | Lloyd Byrne | $173 | $151.28 | -6.3% | Jan 19, 2026 |
| Scotiabank | Analyst unavailable | $175 | $150.39 | -5.3% | Jan 16, 2026 |
| Bernstein | Analyst unavailable | $190 | $152.34 | +2.9% | Jan 5, 2026 |
| UBS | Analyst unavailable | $194 | $157.24 | +5.0% | Dec 12, 2025 |
| Mizuho Securities | Analyst unavailable | $194 | $157.06 | +5.0% | Dec 12, 2025 |
| Morgan Stanley | Devin McDermott | $183 | $149 | -0.9% | Nov 20, 2025 |
| Piper Sandler | Analyst unavailable | $219 | $149.58 | +18.6% | Nov 18, 2025 |
| Roth Capital | Analyst unavailable | $162 | $138.06 | -12.3% | Nov 4, 2025 |
| Susquehanna | Charles Minervino | $188 | $139.09 | +1.8% | Oct 20, 2025 |
| RBC Capital | Analyst unavailable | $173 | $141.96 | -6.3% | Oct 10, 2025 |
| Scotiabank | Paul Cheng | $182 | $145.59 | -1.5% | Oct 9, 2025 |
| Barclays | Analyst unavailable | $178 | $149.1 | -3.6% | Oct 7, 2025 |
| KeyBanc | Tim Rezvan | $176 | $144.45 | -4.7% | Sep 3, 2025 |
| Piper Sandler | Mark Lear | $222 | $138.82 | +20.2% | Aug 14, 2025 |
| Morgan Stanley | Analyst unavailable | $206 | $163.09 | +11.5% | Mar 26, 2025 |
| Wells Fargo | Analyst unavailable | $215 | $146.55 | +16.4% | Mar 12, 2025 |
| Williams Trading | Analyst unavailable | $190 | $142.7 | +2.9% | Mar 5, 2025 |
| Morgan Stanley | Devin McDermott | $220 | $176.32 | +19.1% | Jan 22, 2025 |
| Piper Sandler | Mark Lear | $252 | $169.11 | +36.4% | Dec 4, 2024 |
| Truist Financial | Neal Dingmann | $230 | $179.77 | +24.5% | Oct 16, 2024 |
| KeyBanc | Tim Rezvan | $216 | $181.56 | +16.9% | Oct 16, 2024 |
| Williams Trading | Gabriele Sorbara | $230 | $190.7 | +24.5% | Oct 15, 2024 |
| Citigroup | Scott Gruber | $195 | $194.96 | +5.6% | Oct 14, 2024 |
| BMO Capital | Phillip Jungwirth | $215 | $192.87 | +16.4% | Oct 4, 2024 |
| Barclays | Betty Jiang | $210 | $188.16 | +13.7% | Oct 2, 2024 |
| Morgan Stanley | Devin McDermott | $198 | $172.42 | +7.2% | Sep 16, 2024 |
| Mizuho Securities | Nitin Kumar | $219 | $172.42 | +18.6% | Sep 16, 2024 |
| KeyBanc | Tim Rezvan | $225 | $168.5 | +21.8% | Sep 11, 2024 |
| Susquehanna | Biju Perincheril | $237 | $187.48 | +28.3% | Sep 4, 2024 |
| Bernstein | Bob Brackett | $238 | $199.77 | +28.9% | Aug 12, 2024 |
| Truist Financial | Neal Dingmann | $249 | $205.47 | +34.8% | Jul 22, 2024 |
| Bernstein | Bob Brackett | $243 | $189.19 | +31.6% | Jun 6, 2024 |
| RBC Capital | Scott Hanold | $220 | $201.5 | +19.1% | May 6, 2024 |
| Wells Fargo | Roger Read | $224 | $196.01 | +21.3% | May 2, 2024 |
| Wells Fargo | Roger Read | $227 | $203.95 | +22.9% | Apr 17, 2024 |
| Mizuho Securities | Nitin Kumar | $217 | $206.23 | +17.5% | Apr 11, 2024 |
| Truist Financial | Neal Dingmann | $248 | $201.29 | +34.3% | Apr 5, 2024 |
| Morgan Stanley | Devin McDermott | $186 | $197.02 | +0.7% | Mar 28, 2024 |
| Stifel Nicolaus | Derrick Whitfield | $224 | $194.7 | +21.3% | Mar 22, 2024 |
| KeyBanc | Tim Rezvan | $210 | $194.4 | +13.7% | Mar 21, 2024 |
| Morgan Stanley | Analyst unavailable | $180 | $138.09 | -2.5% | Dec 14, 2022 |
| Barclays | Analyst unavailable | $173 | $138.21 | -6.3% | Dec 7, 2022 |
| Johnson Rice | Analyst unavailable | $210 | $142 | +13.7% | Dec 5, 2022 |
| Credit Suisse | Analyst unavailable | $195 | $158.98 | +5.6% | Nov 17, 2022 |
| Citigroup | Analyst unavailable | $155 | $130.79 | -16.1% | Sep 21, 2022 |
| Mizuho Securities | Analyst unavailable | $203 | $129.07 | +9.9% | Aug 18, 2022 |
| Piper Sandler | Mark Lear | $191 | $125.92 | +3.4% | Aug 2, 2022 |
| Raymond James | Analyst unavailable | $190 | $119.99 | +2.9% | Jul 26, 2022 |
| Truist Financial | Analyst unavailable | $203 | $114.86 | +9.9% | Jul 19, 2022 |
| Mizuho Securities | Analyst unavailable | $224 | $114.26 | +21.3% | Jul 19, 2022 |
| Truist Financial | Analyst unavailable | $185 | $104.42 | +0.2% | Jul 14, 2022 |
| Goldman Sachs | Analyst unavailable | $160 | $115 | -13.4% | Jul 5, 2022 |
| Piper Sandler | Mark Lear | $196 | $156.18 | +6.1% | Jun 10, 2022 |
| Raymond James | Analyst unavailable | $215 | $138.49 | +16.4% | May 4, 2022 |
| Susquehanna | Analyst unavailable | $167 | $130.1 | -9.6% | Apr 25, 2022 |
| Raymond James | Analyst unavailable | $200 | $130.1 | +8.3% | Apr 25, 2022 |
| Morgan Stanley | Analyst unavailable | $184 | $136.86 | -0.4% | Apr 22, 2022 |
| Wells Fargo | Analyst unavailable | $204 | $138.45 | +10.4% | Apr 19, 2022 |
| Raymond James | John Freeman | $195 | $137.8 | +5.6% | Mar 4, 2022 |
| TD Securities | Menno Hulshof | $150 | $128.99 | -18.8% | Feb 23, 2022 |
| Evercore ISI | Stephen Richardson | $130 | $128.99 | -29.6% | Feb 23, 2022 |
| Credit Suisse | William Janela | $140 | $128.99 | -24.2% | Feb 23, 2022 |
| RBC Capital | Scott Hanold | $160 | $128.99 | -13.4% | Feb 23, 2022 |
| Siebert Williams Shank & Co | Gabriele Sorbara | $155 | $128.99 | -16.1% | Feb 23, 2022 |
| Susquehanna | Biju Perincheril | $152 | $130.4 | -17.7% | Feb 2, 2022 |
| Morgan Stanley | Devin McDermott | $155 | $126.42 | -16.1% | Jan 25, 2022 |
| Truist Financial | Neal Dingmann | $165 | $128.64 | -10.7% | Jan 14, 2022 |
| Citigroup | Scott Gruber | $122 | $111.35 | -34.0% | Jan 3, 2022 |
| Wolfe Research | Josh Silverstein | $132 | $103.61 | -28.5% | Dec 14, 2021 |
| UBS | Lloyd Byrne | $165 | $106.77 | -10.7% | Nov 17, 2021 |
| Roth Capital | John M. White | $135 | $109.98 | -26.9% | Oct 19, 2021 |
| Cowen & Co. | David Deckelbaum | $121 | $107.25 | -34.5% | Oct 13, 2021 |
| Johnson Rice | Charles Meade | $114 | $88.35 | -38.3% | Jun 8, 2021 |
| BMO Capital | Phillip Jungwirth | $95 | $74.29 | -48.6% | Apr 13, 2021 |
Track every rating change on FANG the moment it posts. Free to start.
Start freeCompany context
Snapshot as of publicationDiamondback Energy, Inc. operates as an independent enterprise focused on oil and natural gas. Its core business involves the acquisition, development, exploration, and production of unconventional and onshore hydrocarbon reserves, predominantly located within the Permian Basin across West Texas and New Mexico. The company's development efforts primarily target significant geological formations, including the Spraberry and Wolfcamp in the Midland Basin, as well as the Wolfcamp and Bone Spring within the Delaware Basin – both crucial components of the broader Permian. As of December 31, 2021, Diamondback Energy's asset base included approximately 524,700 gross acres under its control in the Permian Basin.…
Historical context
All FANG earningsLatest beats and misses
Who reports nextBeat on EPS
- ACNFY2026 Q4 · October 1, 2026+3.5% EPS+15.8% move
- MKCFY2026 Q3 · October 1, 2026+13.9% EPS-4.9% move
- NKEFY2027 Q1 · October 1, 2026+10.0% EPS-0.7% move
- CAGFY2027 Q1 · September 30, 2026+44.4% EPS-4.9% move
- FDSFY2026 Q4 · September 30, 2026+3.9% EPS+3.8% move
- JBLFY2026 Q4 · September 30, 2026+8.1% EPS-10.0% move
Get the FANG recap when the next report posts
One email per quarter with the scorecard, the market reaction and what changed on the call. No account needed.
Sources
- Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
- FN2 earnings calendar · 2026-07-26T00:37:12.209961+00:00
- Polygon adjusted daily market bars · 2026-10-05T11:00:45.017349+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-05T11:00:45.013615+00:00
Methodology
Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.
Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.
Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.
By FN2 Research · Updated · As of 2026-10-05. For educational purposes only; not investment advice.