Diamondback Energy stock gets higher 2026 output outlook
Published on 11/06/2026 at 13:31 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSDiamondback raises output and returns
- Third-quarter revenue reached 5.431 billion US dollars, while net income attributable to Diamondback Energy rose to 1.603 billion US dollars.
- Full-year 2026 oil production guidance increased to about 524,000 barrels per day, with total production projected at about 1.015 million barrels of oil equivalent per day.
- The quarterly base dividend rose 7.3 percent to 1.18 US dollars per share, payable on November 19 to shareholders of record on November 12.
Diamondback Energy announced stronger third-quarter results on November 2, 2026, and lifted its full-year production outlook. The company reported the figures in a release carried by GlobeNewswire.
Results support shareholder returns
For the three months ended September 30, revenue rose to 5.431 billion US dollars from 3.924 billion US dollars a year earlier. Net income attributable to Diamondback Energy reached 1.603 billion US dollars, compared with 1.018 billion US dollars in the prior-year quarter, while diluted earnings per share increased to 5.69 US dollars from 3.51 US dollars.
Average oil production reached 524,946 barrels per day, up from 503,750 barrels per day in the third quarter of 2025. Total production averaged 1,033,967 barrels of oil equivalent per day, compared with 942,946 barrels a year earlier. Net cash provided by operating activities was 2.599 billion US dollars, and free cash flow, a non-GAAP measure, was 2.148 billion US dollars.
Higher output requires more spending
Diamondback raised its 2026 oil production guidance to about 524,000 barrels per day from more than 522,000 previously. Total production guidance moved to about 1.015 million barrels of oil equivalent per day from more than 1 million. At the same time, full-year cash capital expenditure guidance increased to 3.95 billion to 4.00 billion US dollars from about 3.9 billion US dollars.
Fourth-quarter guidance calls for oil production of 518,000 to 528,000 barrels per day and total production of 1.025 million to 1.045 million barrels of oil equivalent per day. Planned fourth-quarter capital spending is 1.00 billion to 1.05 billion US dollars. The company produced 105 gross wells and completed 135 during the third quarter.
Dividend sets the next investor date
The board raised the quarterly base dividend by 7.3 percent to 1.18 US dollars per share, equivalent to an annualized payout of 4.72 US dollars. Payment is scheduled for November 19, 2026, to shareholders of record at the close of business on November 12. Diamondback also repurchased 1,348,209 shares for approximately 251 million US dollars during the quarter.
Diamondback Energy stock traded at 161.36 euros on Lang & Schwarz at 13:17 CET on Friday, November 6, 2026. Investors can follow the real-time quote of Diamondback Energy stock.
Diamondback Energy at a glance
- Company: Diamondback Energy, Inc.
- ISIN: US25278X1090
- Ticker: FANG
- Home exchange: Nasdaq
- Quote: 161.36 euros on Lang & Schwarz at 13:17 CET on November 6, 2026
- Third-quarter revenue: 5.431 billion US dollars
- Third-quarter free cash flow: 2.148 billion US dollars
The broader US equity market remains an important backdrop for energy-sector valuations; current S&P 500 market coverage provides the wider index context.
For further developments, see more news and analyses on Diamondback Energy stock.
