Diamondback Energy, Inc.: EPS $5.86 vs $5.72 expected; revenue $5.43B vs $4.60B
Key Facts
Q3 FY2026 results
| Metric | Actual | Estimate | Surprise | Year ago |
|---|---|---|---|---|
| EPS (USD) | 5.86 | 5.72 | +2.4% | 3.08 |
| Revenue (USD bn) | 5.43 | 4.60 | +18.0% | 3.92 |
Recent reports: actual vs estimate
| Reported | Period | EPS (USD) | Estimate | Surprise | Revenue (USD bn) | Estimate | Surprise |
|---|---|---|---|---|---|---|---|
| Nov 2, 2026 | Q3 FY2026 | 5.86 | 5.72 | +2.4% | 5.43 | 4.60 | +18.0% |
| Aug 3, 2026 | Q2 FY2026 | 6.48 | 6.08 | +6.6% | 4.82 | 4.89 | −1.3% |
| May 4, 2026 | Q1 FY2026 | 4.23 | 3.74 | +13.1% | 4.24 | 3.83 | +10.6% |
| Feb 23, 2026 | Q4 FY2025 | 1.74 | 2.00 | −13.0% | 3.03 | 3.28 | −7.5% |
| Nov 3, 2025 | Q3 FY2025 | 3.08 | 2.94 | +4.8% | 3.92 | 3.53 | +11.2% |
| Aug 4, 2025 | Q2 FY2025 | 2.67 | 2.76 | −3.3% | 3.65 | 3.35 | +9.1% |
| May 5, 2025 | Q1 FY2025 | 4.54 | 4.18 | +8.6% | 4.03 | 3.77 | +6.9% |
| Feb 25, 2025 | Q4 FY2024 | 3.64 | 3.57 | +2.0% | 3.70 | 3.55 | +4.0% |
Source: Figures from the EL7 database. Estimates are the analyst consensus carried by our data vendor (FMP), not official figures.
Diamondback Energy, Inc. results: EPS $5.86 vs $5.72 expected; revenue $5.43B vs $4.60B. The results cover the company's Q3 FY2026. EPS came in above analysts' estimate by 2.4%; revenue above the estimate by 18.0%.
Revenue was up 38.4% from $3.92 billion a year earlier (Q3 FY2025). EPS was up 90.3% from $3.08 a year earlier. On its record, EPS topped analysts' estimates in 5 of 7 earlier comparable reports.
What the results mean
Revenue growth points to an expanding revenue base for Diamondback Energy, Inc., but the available material does not separate selling-price effects from production-volume effects. Growth alone therefore does not establish how operating efficiency or profitability has changed.
The company focuses on exploring, developing and producing unconventional onshore oil and gas resources in the Permian Basin. Its ability to convert those resources into cash flow depends on oil and gas prices, well productivity, and drilling and operating costs.
Its business also includes mineral and royalty interests, alongside infrastructure for oil and gas gathering and water management. Assessing performance therefore requires considering portfolio economics and the costs of development and servicing, alongside proceeds from production sales.
What to watch on the earnings call: On the earnings call, investors should follow management’s explanation of revenue growth, including the roles of selling prices and production volumes, as well as changes in well productivity and drilling and operating costs. Development spending, the efficiency of gathering and water infrastructure, and their implications for margins and cash flow also warrant attention.
For the full analysis of Diamondback Energy, Inc. stock — valuation, scores and financial statements — see the stock page linked with this story.