Diamondback Energy stock heads toward results with output above 1 million BOE per day

Published on 10/05/2026 at 21:49 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Diamondback Energy stock was last at USD 184.06 on October 5, 2026, as Q2 output exceeded 1 million BOE per day. Q3 results are set for November 2.

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Diamondback Energy (ISIN US25278X1090) was last at USD 184.06 on Nasdaq at 3:49 p.m. ET on October 5, 2026, down 0.35 percent from the prior close. The company has scheduled its third-quarter results for November 2, 2026, giving the next reporting date a clear place in the stock story.

November results set the next test

According to Diamondback Energy on September 30, 2026, the company plans to release third-quarter financial results after the market closes on November 2. A conference call and webcast will follow on November 3, 2026, at 8:00 a.m. CT.

The scheduled report will be measured against a strong second quarter. Zacks reported that adjusted EPS reached USD 6.48 in Q2 2026, above the USD 5.96 consensus and more than double the year-ago adjusted EPS of USD 2.67.

Production crossed 1 million BOE

Diamondback generated USD 5.6 billion in Q2 2026 revenue, up more than 51 percent from the year-ago quarter, while adjusted free cash flow reached USD 2.3 billion, according to Zacks.

Average oil and gas production reached 1,017,659 BOE per day in Q2 2026, up 10.6 percent year over year. Average realized oil prices rose 53.1 percent to USD 96.82 per barrel from USD 63.23, although realized natural gas prices fell to negative USD 2.15 per thousand cubic feet from USD 0.88.

Management raised full-year 2026 oil production guidance to more than 522 MBO per day from more than 520 MBO per day and total production guidance to more than 1,000 MBOE per day from more than 972 MBOE per day. Full-year cash capital spending remained at USD 3.9 billion.

Analysts keep a Moderate Buy view

MarketBeat reported on September 11, 2026, that 25 analysts held a Moderate Buy consensus: 16 Buy ratings, four Strong Buy ratings and five Holds. The average 12-month price target was USD 224.05.

Raymond James raised its target to USD 255 from USD 248 while maintaining a Strong Buy rating, according to MarketBeat on September 17, 2026. The average consensus target stood USD 39.99 above the October 5 price, a 21.73 percent premium.

Stock remains below yearly high

Diamondback Energy was trading at USD 184.06 on Nasdaq on October 5, 2026, with an intraday range of USD 182.53 to USD 186.00. Its 52-week range was USD 137.03 to USD 216.90, placing the price 15.14 percent below the high, while market capitalization stood at USD 51.8 billion.