Diamondback Energy stock raises output outlook and dividend

Published on 11/12/2026 at 14:03 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Diamondback Energy stock enters the final quarter with higher production targets and a larger base dividend. Payment is due November 19.

Higher output and shareholder returns

Diamondback lifted its 2026 oil and total production targets after reporting third-quarter output of 525,000 barrels per day.
The company raised its quarterly base dividend to 1.18 US dollars, with payment scheduled for November 19.
Fourth-quarter guidance points to steady oil production while full-year capital spending rises to 3.95 billion to 4.00 billion US dollars.

Diamondback Energy, US25278X1090, Illustration mit AI erstellt.

Diamondback Energy raised its 2026 production outlook and increased shareholder distributions in results released on Monday, November 2. The Midland, Texas-based oil and gas producer also reported stronger third-quarter earnings and cash generation, keeping attention on output growth, capital spending and returns.

Diamondback Energy stock traded at 162.89 euros on Lang & Schwarz at 14:00 CET on Thursday, November 12, 2026.

Production outlook moves higher

In its November 2 release, Diamondback said third-quarter oil production averaged 525,000 barrels per day, while total production reached 1.034 million barrels of oil equivalent per day. The company raised its full-year 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. The company also expects fourth-quarter 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.

The updated plan comes with higher spending. Diamondback lifted full-year cash capital expenditure guidance to 3.95 billion to 4.00 billion US dollars from approximately 3.9 billion US dollars, while fourth-quarter capital spending is expected at 1.00 billion to 1.05 billion US dollars. For investors, the combination points to a modestly higher output target but also underlines the capital required to sustain Permian Basin development.

Cash flow supports larger payout

Diamondback generated 2.599 billion US dollars in operating cash flow and 2.148 billion US dollars in free cash flow during the third quarter. Net income attributable to the company was 1.603 billion US dollars, or 5.69 US dollars per diluted share. Adjusted net income attributable to Diamondback was 1.649 billion US dollars, or 5.86 US dollars per diluted share.

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, an 18 percent increase from a year earlier. Shareholders of record at the close of business on November 12 are scheduled to receive the payment on November 19.

Diamondback also repurchased 1.348 million shares for approximately 251 million US dollars during the quarter. In addition, the company acquired a 7.5 percent equity interest in the Solitude Pipeline System, a Permian-to-Katy natural gas pipeline, broadening its midstream exposure.

What investors should watch next

The next focus is whether the fourth-quarter production range can be delivered while spending remains within the raised capital budget. Oil prices, regional operating conditions and the pace of drilling will continue to shape cash generation and the room available for dividends and repurchases.