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Stocks/Energy/Oil & Gas Exploration & Production

Diamondback EnergyFANG

Oil & Gas Exploration & Production · Midland, Texas · In the S&P 500
Solid businessCheaper than peers
$212.08+2.74%After hours: $211.87 (−0.10%)At the close, 30 Oct · Prices from CNBC, may be delayed
▲ 47.7% over 1 year
Diamondback Energy over 1 yearDaily close, $, to 30 Oct 2026
$150$175$200Nov2026MarMayJulSep$212.08$150$200NovMarJul$212.08
Source: Nasdaq daily closes
Market value$59.39B
Price to earnings41.1x
Forward P/E9.9x
Dividend yield2.00%
Year to date+41.1%
One year+47.7%
Next earningsMon 2 Nov, after the close
SectorEnergy
52-week range (closes)
$137.29$213.69

Quality and valuation

How Diamondback Energy compares with other energy stocks. A description, not a recommendation.

Diamondback Energy and 6 oil & gas exploration & production peers. Across: valuation (P/E) against the sector. Up: business quality against the sector. Hover or tap a logo for its numbers.

Business quality: about averageValuation: cheaper than most

An average business among energy companies, priced below most of them.

Diamondback Energy trades at 9.9 times the next 12 months of expected earnings, against a median of 12.8x for the 25 energy stocks we cover. The quality score blends where it ranks on revenue growth, gross margin, operating margin and free-cash-flow margin (net margin for banks and insurers) over the last 12 months, from SEC filings.

  • Revenue grew faster than the sector median: +21.4% vs +13.3%
  • Less profitable (operating margin): 6.3% vs 22.9%
FANG trades at 9.9x forward earnings, below the sector medianForward p/e, Oil & Gas Exploration & Production peers
EOG9.3xDVN9.4xFANG9.9xOXY10.2xEXE12.2xCOP13.3xEQT18.8xTPL33.3xSector median 12.8xEOG9.3xDVN9.4xFANG9.9xOXY10.2xEXE12.2xCOP13.3xEQT18.8xTPL33.3xSector median 12.8x
Source: CNBC quotes; Mostly Markets
At 41.1x earnings, FANG is pricier than its average since Aug 2024Price over the last 12 months of reported (GAAP) diluted EPS
P/EUsual range (±1 s.d.)
0x100x200xAverage 38.2x2025202641.1x0x100x200xAverage 38.2x2025202641.1x
Source: Nasdaq prices; SEC filings

Financials

From Diamondback Energy's SEC filings, through the quarter ending 30 Jun 2026. Hover or tap a bar for its value.

Revenue grew 51.2% from a year earlierQuarterly revenue, $bn, latest Q2 ’26
$0bn$2bn$4bnQ3 ’24Q1 ’25Q3 ’25$5.6bnQ2 ’26$0bn$2bn$4bnQ3 ’24Q1 ’25Q3 ’25$5.6bnQ2 ’26
Source: SEC filings
Growth sped up to +51.2% last quarterRevenue growth, year on year, %
0%25%50%75%Q3 ’24Q1 ’25Q3 ’2551.2%Q2 ’260%50%Q3 ’24Q1 ’25Q3 ’2551.2%Q2 ’26
Source: SEC filings
Operating margin was 45.2% last quarterOperating income as a share of revenue, %
−50%0%Q3 ’24Q1 ’25Q3 ’2545.2%Q2 ’26−50%0%Q3 ’24Q1 ’25Q3 ’2545.2%Q2 ’26
Source: SEC filings
Diluted EPS was $6.65 last quarterQuarterly diluted earnings per share, $
$-5$0$5Q3 ’24Q1 ’25Q3 ’25$6.65Q2 ’26$-5$0$5Q3 ’24Q1 ’25Q3 ’25$6.65Q2 ’26
Source: SEC filings
Last 12 monthsFANGSector median
Revenue growth+21.4%+13.3%
Operating margin6.3%22.9%
Price to earnings41.1x17.2x

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Similar companies

Oil & Gas Exploration & Production, by market value.

CompanyPriceTodayYTDValue
COPConocoPhillips$154.03+2.67%+64.5%$185B
EOGEOG Resources$165.54+2.05%+57.6%$86.83B
OXYOccidental Petroleum$64.00+1.57%+55.6%$63.98B
DVNDevon Energy$52.15+1.92%+42.4%$57.37B
EQTEQT$55.38+1.54%+3.3%$34.64B
TPLTexas Pacific Land$331.68+1.13%+15.5%$22.88B
EXEExpand Energy$90.55+0.12%−18.0%$20.91B
APAAPA$52.82+2.54%+115.9%$18.51B