NASDAQ$FANG

Diamondback Energy Inc · Q1 2026 earnings

Q1 2026 earnings · · Investor relations

Briefing

Diamondback Energy reported Q1 2026 total revenues of $4.24B but net income attributable to the company of only $25M on lower oil prices.

For the quarter ended March 31, 2026, Diamondback Energy reported total revenues of $4.24 billion versus $4.05 billion. Net income was $144 million but net income attributable to Diamondback was $25 million ($(0.02) per share diluted) compared with $1.4 billion, reflecting lower commodity prices, hedging, and higher interest after industry consolidation.

  • Total revenues $4.24B.
  • Net income attributable to Diamondback $25M.
  • Permian Basin oil and gas production.
  • M&A integration and capex discipline in MD&A.

Headline financials

Total Revenue

$4.24B

Previous: $4.05B+4.7%
EPS (adj)

-$0.02

Previous: $5.12-100.4%
Capital Expenditures

-$1.25B

Previous: -$942M-32.4%
Free Cash Flow

$581M

No prior period
Net Income

$25M

Previous: $1.49B-98.3%
Operating Income

$116M

Previous: $1.67B-93.1%
Gross Profit

$4.24B

No prior period
Cash & Equivalents

$174M

No prior period
Total Assets

$70.1B

No prior period

Revenue & EPS history

Diamondback · Revenue · Quarterly

$4.24B

Q1 2026+4.7%vs Q1 2025
Beat estimate in 11 of 15 quarters(73%)
ActualEstimate

Forward guidance

E&P outlook discusses production guidance, capital return, and commodity hedging on earnings calls.

Tailwinds

  • Large revenue base and operating scale in Permian.
  • Shareholder returns via dividends and buybacks.

Headwinds

  • Earnings collapsed YoY on oil price and deal costs.
  • Leverage and integration execution remain focus areas.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2026

Historical avgQ1 2026

+0.7%

Avg return

Earnings day

+1.1%

Avg return

5 days after

-0.0%

Avg return

30 days after

58%

33 / 57 earnings

Positive

+8.9%

Q3 2013

Best reaction

-14.6%

Q3 2019

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+2.9%-9.3%+1.1%
Q4 2025+0.5%+0.1%+16.3%
Q3 2025-1.3%+1.7%+12.9%
Q2 2025-2.2%-4.1%-3.9%
Q1 2025-0.7%+3.6%+3.3%
Q4 2024-2.1%+2.4%+3.2%
Q3 2024-0.1%+3.5%-2.7%
Q2 2024+0.3%+5.7%-2.5%
Q1 2024-4.8%-2.1%-4.1%
Q4 2023+0.2%-1.7%+8.3%
Q3 2023-2.0%-2.7%-9.6%
Q2 2023+1.5%+2.0%+3.9%
Q1 2023-5.0%-6.6%-10.6%
Q4 2022+1.9%+5.7%-6.0%
Q3 2022+1.4%+1.8%-15.4%
Q2 2022-0.4%-5.2%+4.1%
Q1 2022+7.8%+13.2%+21.1%
Q4 2021-1.5%+1.4%+8.9%
Q3 2021+6.8%+6.2%-3.9%
Q2 2021+4.4%+3.8%-3.9%
Q1 2021-3.1%+3.0%+5.8%
Q4 2020+8.3%+5.7%+13.5%
Q3 2020+8.3%-4.7%+56.1%
Q2 2020+3.0%+5.4%-8.9%
Q1 2020+0.1%+4.5%+18.1%
Q4 2019+5.8%+1.9%-75.1%
Q3 2019-14.6%-16.5%-11.5%
Q2 2019+1.4%+5.4%+6.8%
Q1 2019+5.1%+7.1%-3.1%
Q4 2018+0.9%-1.4%+0.4%
Q3 2018-0.1%-1.8%-12.2%
Q2 2018-2.7%-2.1%-16.4%
Q1 2018+4.8%-4.9%-12.4%
Q4 2017+5.9%+6.8%+7.4%
Q3 2017+0.6%+0.6%-4.3%
Q2 2017-0.0%-0.7%-5.3%
Q1 2017+1.3%+0.7%-5.0%
Q4 2016+7.2%+3.2%-0.8%
Q3 2016+2.2%+4.1%+14.9%
Q2 2016+1.6%+8.1%+10.8%
Q1 2016-3.9%
Q4 2015+1.9%
Q3 2015+3.6%
Q2 2015+3.7%
Q1 2015-5.5%
Q4 2014+0.5%
Q3 2014-3.5%
Q2 2014-3.8%
Q1 2014-2.0%
Q4 2013+2.7%
Q3 2013+8.9%
Q2 2012+0.0%
Q2 2013-2.0%
Q1 2012-3.2%
Q1 2013+2.7%
Q4 2012-4.4%
Q3 2012+2.5%
Q4 2011
Q3 2011
Q2 2011
Q1 2011
Q4 2010

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