Diamondback (FANG) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Diamondback Energy (FANG) concluded the recent trading session at $141.19, signifying a +1.51% move from its prior day's close.
Diamondback Energy stands out as an active acquirer. FANG's acquisition strategy helps mitigate downside risk during industry downturns. Current industry uncertainty and low prices create an attractive entry point for contrarian investors.
U.S. oil production growth will stall if prices stay near $60 per barrel, as fewer drilling sites are profitable at that level, the CEO of Diamondback Energy , one of the country's top oil producers, said on Wednesday.
HighPeak Energy appoints Michael Hollis as interim CEO. Hollis brings significant operational and financial expertise from Diamondback Energy. HPK must improve operational results to achieve fair valuation.
In the most recent trading session, Diamondback Energy (FANG) closed at $138.42, indicating a +2.89% shift from the previous trading day.
The latest trading day saw Diamondback Energy (FANG) settling at $139.64, representing a +2.46% change from its previous close.
Diamondback Energy continues its cycle of acquisitions and rapid debt reduction. Recent cash raises, including 'Deep Blue' and 'Epic Crude,' will generate nearly $1 billion. Management is targeting a debt ratio reduction from 1.5 to a preferred (usually) long-term goal of 1.0.
FANG will sell Environmental Disposal Systems to Deep Blue for $750 million, retaining a 30% stake and a 15-year service deal.
FANG announces plans to sell its EPIC Crude stake for over $596 million, unlocking funds for upstream focus as regulatory approval is still pending.
FANG expects third-quarter 2025 oil production between 485 MBO/d and 495 MBO/d, with cash capital spending at $750-$850 million.
While the top- and bottom-line numbers for Diamondback (FANG) give a sense of how the business performed in the quarter ended June 2025, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.