Diamondback Energy stock: Higher output outlook meets bigger dividend
Published on 11/10/2026 at 16:01 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSHigher Output, Bigger Shareholder Returns
- Diamondback raised its production outlook after a strong third quarter.
- The company increased its base dividend while continuing opportunistic share repurchases.
- Higher capital spending remains central to the outlook for production growth and cash generation.
Diamondback Energy reported stronger third-quarter results on November 2, 2026, and raised its full-year production outlook. The company also increased its base dividend, while higher planned spending keeps capital discipline in focus for investors.
Diamondback Energy stock traded at 160.14 euros on Lang & Schwarz at 16:00 CET on Tuesday, November 10, 2026. Compared with the 158.01 euros quoted in the latest relevant report at 16:30 CET on Monday, November 9, the stock was 1.35 percent higher.
Production outlook moves higher
In its November 2 earnings release, Diamondback raised 2026 oil production guidance to approximately 524,000 barrels per day from more than 522,000 previously. Total production guidance increased to approximately 1.015 million barrels of oil equivalent per day from more than 1 million.
Full-year cash capital expenditure guidance rose to 3.95 billion to 4.00 billion US dollars from approximately 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.
Dividend sets next investor date
The board approved a 7.3 percent increase in the quarterly base dividend to 1.18 US dollars per common share. The annual base dividend is now 4.72 US dollars per share, and payment is scheduled for November 19, 2026, to shareholders of record on November 12.
Diamondback repurchased 1,348,209 common shares for approximately 251 million US dollars during the third quarter. Management said future repurchases will remain opportunistic and depend on cash on hand, free cash flow and potential asset-sale proceeds.
Third-quarter revenue reached 5.431 billion US dollars, while net income attributable to Diamondback was 1.603 billion US dollars. Adjusted net income was 1.649 billion US dollars, or 5.86 US dollars per diluted share, with operating cash flow of 2.599 billion US dollars and free cash flow of 2.148 billion US dollars.
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More news and analyses on Diamondback Energy stock cover production, dividends and Permian Basin strategy.
Diamondback Energy at a glance
- Company: Diamondback Energy, Inc.
- ISIN: US25278X1090
- Ticker: FANG
- Primary exchange: Nasdaq Global Select Market
- Lang & Schwarz quote: 160.14 euros on November 10, 2026, at 16:00 CET
- Annual base dividend: 4.72 US dollars per share
- Next payment: November 19, 2026, to shareholders of record on November 12
