Diamondback Energy (FANG)
NASDAQEnergyOil & Gas E&pSnapshot 2026-07-07
$180.56+3.93%
Close 2026-07-07 · 1-day change
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Track FANG free→Diamondback Energy aims to grow oil production above 520 MBO/d. Revenue rose from $3.38B to $4.24B in Q1 2026. The company raised capital spending guidance to about $3.9B for 2026. It increased its base dividend to $1.10 per share in Q1 2026.
Recent sharp share selling and a rating downgrade show risks. Capital allocation issues and volatile management raise concerns. The stock is down 15.5% from its high.
The price is about 22% above our fair value near $147. Analysts expect about 8% revenue growth. Our fair value is 38% below the Street median of $236.
Breaks if: annual capex guidance falls significantly below $3.9B
Diamondback Energy has raised its full-year cash capital expenditures guidance to approximately $3.90 billion.
Stated in 2 of last 2 quarters. Cash capital expenditures were $933M in 2026-Q1, aligning with the raised guidance. The trajectory shows commitment to increased capital allocation.
Breaks if: dividend cut or net income falls below breakeven
Diamondback Energy has increased its base cash dividend to $1.10 per share for Q1 2026.
Stated in 2 of last 2 quarters. Net income improved from -$1,575 million in 2025-Q4 to $25 million in 2026-Q1, supporting the dividend increase. The trajectory shows progress in returning capital to shareholders.
Breaks if: material insider selling or governance problems increase
Breaks if: production guidance falls below 520 MBO/d or revenue growth falls below ~7.8% next year
Diamondback Energy aims to increase its annual oil production guidance to 520+ MBO/d.
Stated in 3 of last 3 quarters. Revenue grew from $3,376M in 2025-Q4 to $4,240M in 2026-Q1, indicating progress in production expansion. The trajectory is delivering on the increased production guidance.
Standing thesis, reviewed periodically — not a price target or advice.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
“Raising full year cash capital expenditures to ~$3.90 billion (from ~$3.75 billion).”
“Full year 2026 cash capital expenditures guidance of $3.6 - $3.9 billion.”
“Raised Q1 2026 base cash dividend to $1.10 per share; marks a 10% year-over-year increase.”
“Increased the annual base dividend.”
“Increasing annual oil production guidance to 520+ (from 500 - 510) MBO/d.”
“Production guidance increased to 500 - 510 MBO/d.”
“Guidance for oil production raised to 490 - 500 MBO/d.”