Diamondback Energy reported a strong quarter with significant asset sales, operational efficiencies, and production gains. However, there are concerns about cost inflation due to tariffs and potential market challenges if oil prices drop significantly.

Company Guidance -

Q3 2025

During the Diamondback Energy Second Quarter 2025 Earnings Call, the company provided guidance on several metrics and strategic focuses. CEO Kaes Van't Hof highlighted Diamondback's role as a consolidator in the Permian Basin, emphasizing cost efficiency and successful integration of acquisitions, such as the Endeavor deal which nearly doubled the company size without operational disruption. The company aims for $1.5 billion in noncore asset sales, having already achieved $250 million in this quarter. Production efficiency improvements were noted, with potential gains from optimizing older wells and reducing downtime. Diamondback's strategy includes maintaining flexibility with a robust DUC inventory, allowing responsive adjustments to market conditions. The company is prepared to reduce activity if oil prices drop significantly but remains cautiously optimistic about 2026, focusing on debt reduction and shareholder returns. Diamondback plans to sustain production around 490,000 barrels per day with a quarterly CapEx of about $900 million, despite potential tariff impacts on casing costs.

Noncore Asset Sales Progress

Diamondback Energy announced the sale of noncore non-operational Delaware Basin properties, contributing $250-$260 million in cash this quarter, with a broader asset sale target of $1.5 billion.

Efficiency Gains in Operations

The company reported drilling efficiencies with wells completed in 4-5 days, significantly faster than average, and a focus on further improving production tail efficiencies.

Strong Production and Financial Position

Diamondback maintained strong production levels, announced plans for debt reduction, and cited positive cash flow in Q3 due to lower CapEx and tax benefits.

Successful Integration of Endeavor Acquisition

The company highlighted the seamless integration of the Endeavor acquisition, which doubled its size without operational disruption.

Increased Gas and NGL Production

A significant increase in NGL production (33,000 barrels per day) was achieved due to improved gas capture and processing.

Diamondback (FANG) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

FANG Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 10, 2025	2025 (Q3)	2.83 / -	3.38	―	―	―
Aug 04, 2025	2025 (Q2)	2.77 / 2.67	4.52	-40.93% (-1.85)
May 05, 2025	2025 (Q1)	4.18 / 4.54	4.5	0.89% (+0.04)
Feb 24, 2025	2024 (Q4)	3.34 / 3.64	4.74	-23.21% (-1.10)
Nov 04, 2024	2024 (Q3)	4.02 / 3.38	5.49	-38.43% (-2.11)
Aug 05, 2024	2024 (Q2)	4.50 / 4.52	3.68	22.83% (+0.84)
Apr 30, 2024	2024 (Q1)	4.47 / 4.50	4.1	9.76% (+0.40)
Feb 20, 2024	2023 (Q4)	4.70 / 4.74	5.29	-10.40% (-0.55)
Nov 06, 2023	2023 (Q3)	5.01 / 5.49	6.48	-15.28% (-0.99)
Jul 31, 2023	2023 (Q2)	3.88 / 3.68	7.07	-47.95% (-3.39)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

FANG Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 04, 2025	$146.72	$144.64	-1.42%
May 05, 2025	$131.22	$130.13	-0.83%
Feb 24, 2025	$151.98	$148.74	-2.13%
Nov 04, 2024	$175.13	$171.11	-2.30%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.