Midland, Texas-based Diamondback Energy, Inc. (FANG) is an independent oil and natural gas company that acquires, develops, explores, and exploits unconventional, onshore oil and natural gas reserves in the Permian Basin in West Texas. FANG has a market cap of $55.3 billion and primarily focuses on the development of the Spraberry and Wolfcamp formations of the Midland Basin and the Wolfcamp and Bone Spring formations of the Delaware Basin.
FANG is expected to release its Q3 2026 earnings on Monday, November 2, 2026, after the market closes. Ahead of this event, analysts anticipate the company will generate earnings of $4.47 per share, representing an increase of 45.1% from $3.08 per share reported in the same quarter last year. The company has surpassed the Street’s bottom-line estimates in three of the past four quarters, while missing on one other occasion.
