Diamondback Posts $1.6B Third-Quarter Net Income
FANG sits 46% above its 52-week low of $137.03.
Summary
Diamondback reported third-quarter net income of $1.6 billion, with EPS of $5.69 and adjusted EPS of $5.86, on revenue of $5.43 billion. The print lands after the October 8 8-K, which flagged Q3 average realized oil prices of $87.30 per barrel and about $182 million in anticipated costs — so the top line was already partly telegraphed, but the bottom line is new. For a company of this size, $1.6 billion in quarterly net income is a solid absolute figure and a sharp swing from the $1.4 billion non-cash impairment that crushed Q1 2026 net income. The headline carries no production volumes, cash flow or guidance, so the read-through is limited until the full release and call.
At the time of this announcement, FANG was trading at $199.74 on NASDAQ in the Energy & Transportation sector, with a market capitalization of approximately $55.9B. The 52-week trading range was $137.03 to $216.90. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.