NASDAQ$FANG
Diamondback Energy Inc · Q2 2021 earnings
Q2 2021 earnings · · Investor relations
Briefing
Announced financial and operating results for the second quarter ended June 30, 2021.
Diamondback Energy reported a strong second quarter, generating $578 million in Free Cash Flow with improved capital efficiency. The company is cutting its 2021 capital budget by $100 million due to cost control and volume outperformance.
- Q2 2021 average production of 242.5 MBO/d (401.5 MBOE/d).
- Generated Q2 2021 cash flow from operating activities of $954 million; Operating Cash Flow Before Working Capital Changes of $944 million, or $5.19 per diluted share.
- Q2 2021 cash capital expenditures of $366 million.
- Generated Q2 2021 Free Cash Flow of $578 million, or $3.18 per diluted share.
Headline financials
Revenue & EPS history
Diamondback · Revenue · Quarterly
$1.68B
Forward guidance
Diamondback provided updated guidance for the full year 2021 and initiated third quarter production and capital guidance.
Tailwinds
- Increasing full year 2021 oil production guidance to 219 - 222 MBO/d (363 - 370 MBOE/d), up from 212 - 216 MBO/d (350 - 360 MBOE/d) previously.
- Lowering full year 2021 cash CAPEX guidance to $1.525 - $1.625 billion, down 6% at the midpoint from $1.60 - $1.75 billion previously.
- Initiating Q3 2021 oil production guidance of 233 - 239 MBO/d (388 - 398 MBOE/d); includes 15 - 17 MBO/d (25 - 29 MBOE/d) attributable to a full quarter of estimated net Q3 2021 Williston Basin production.
- Initiating Q3 2021 Permian Basin oil production guidance of 218 - 222 MBO/d (363 - 370 MBOE/d).
- Q3 2021 cash CAPEX guidance of $430 - $480 million.
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 Q2 2021
+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
| Quarter | Report date | Reaction (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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