Diamondback Energy, Inc. · FANG · Next earnings

Diamondback Energy, Inc. reports Monday, Feb 22, 2027

FANG reports after market close with consensus EPS at $6.43 and revenue at $5.09B. Last quarter: FANG Q3: Permian focus, low reinvestment and recovery initiatives

Reports After market close110 days awayDate estimated Energy

What the street expects

Consensus for the coming report
Consensus EPS $6.43 Calendar consensus
Consensus revenue $5.09B Calendar consensus
Report date Feb 22, 2027 Monday, date estimated
Session After market close 110 days away

Where FANG left off: FY2026 Q3

Full report

FANG Q3: Permian focus, low reinvestment and recovery initiatives

EPS surprise +2.4% Reported $5.86 vs $5.72
Revenue surprise +18.0% Reported $5.43B vs $4.60B
Stock move -3.7% Event window
Subsequent drift 0.0% Up to 20 sessions

Guidance sentiment was maintained; the supplied analysis characterizes the capex outlook as stable. No specific guidance revision was identified in the supplied call analysis.

What to watch on the call

Carried forward from the last transcript

Risks management flagged

  • Oil-price volatility can affect cash generation and capital allocation.
  • Cost inflation in consumables and services could offset operating-efficiency improvements.
  • The scale and timing of LNG and power projects, and the results of EOR testing, remain uncertain.

Questions analysts left open

  • How reinvestment and capital allocation may evolve, including the balance among debt reduction, buybacks and project spending.
  • Whether Barnett costs can support the transition to sustaining capital.
  • The scale and timing of LNG and power projects.

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Recent FANG quarters

All FANG earnings
-3.7%FY2026 Q3-3.5%FY2026 Q2-3.5%FY2026 Q1-0.7%FY2025 Q4

Sources

  1. FN2 corporate events calendar, resolved from the earnings calendar feed
  2. FN2 earnings calendar analyst consensus
  3. Earnings call transcript analysis, FY2026 Q3

Methodology

The report date comes from FN2's resolved corporate-events calendar and is marked estimated until the company confirms it. Consensus figures are the calendar's latest analyst estimates for the fiscal period and are not an FN2 forecast.

Risks and open questions are carried forward verbatim from FN2's structured analysis of the previous earnings call. Missing values stay missing and are never estimated.

By FN2 Research · Updated . For educational purposes only; not investment advice.