Diamondback Energy/$FANG
1D1W1M3M6MYTD1Y5YMAX
Capital at risk
About Diamondback Energy
Diamondback is a crude oil and natural gas exploration and production firm whose operations represent a pure-play in the US Permian Basin. The company went public in 2012 and has established itself as a top-tier independent producer through disciplined acquisition and operational excellence. The company's most transformational transaction occurred in September 2024 with the completion of its $26 billion merger with Endeavor Energy Resources, which added around 470,000 net acres and doubled Diamondback's total acreage position. Diamondback boasts an enviable position in the Midland sub-basin, with some of the lowest unit costs among its Permian peers.
- Ticker
- $FANG
- Sector
- Energy
- Primary listing
- NASDAQ
- Employees
- 1,762
- Headquarters
- Midland, United States
- Website
- www.diamondbackenergy.com
FANG Metrics
BasicAdvanced
$58B
40.28
$5.12
0.42
$4.25
2.13%
Price and volume
Market cap
$58B
Beta
0.42
52-week high
$216.90
52-week low
$137.03
Average daily volume
2.5M
Dividend rate
$4.25
Financial strength
Current ratio
0.467
Quick ratio
0.421
Long term debt to equity
0.252
Total debt to equity
0.287
Dividend payout ratio (TTM)
80.44%
Interest coverage (TTM)
5.36%
Profitability
EBITDA (TTM)
11,761
Gross margin (TTM)
71.74%
Net profit margin (TTM)
8.97%
Operating margin (TTM)
8.99%
Effective tax rate (TTM)
17.97%
Revenue per employee (TTM)
$9,280,000
Management effectiveness
Return on assets (TTM)
1.31%
Return on equity (TTM)
3.49%
Valuation
Price to earnings (TTM)
40.284
Price to revenue (TTM)
3.591
Price to book
1.53
Price to tangible book (TTM)
1.53
Price to free cash flow (TTM)
14.696
Free cash flow yield (TTM)
6.80%
Free cash flow per share (TTM)
14.032
Dividend yield (TTM)
2.06%
Forward dividend yield
2.13%
Growth
Revenue change (TTM)
20.93%
Earnings per share change (TTM)
-63.82%
3-year revenue growth (CAGR)
27.77%
10-year revenue growth (CAGR)
43.92%
3-year earnings per share growth (CAGR)
-35.64%
10-year earnings per share growth (CAGR)
-4.07%
3-year dividend per share growth (CAGR)
-14.83%
What the Analysts think about FANG
Analyst ratings (Buy, Hold, Sell) for Diamondback Energy stock.
Analyst projections of the future price of Diamondback Energy stock.
Bulls say / Bears say
Diamondback’s scale is translating into more output without a bigger spending plan: Q2 production topped 1 million barrels of oil equivalent per day, and it raised its full-year production guidance while keeping 2026 cash capital spending at about $3.9 billion. That points to improved capital efficiency if execution holds. (GlobeNewswire)
Strong cash generation is helping repair the balance sheet and fund shareholder returns: Q2 free cash flow was $2.3 billion, net debt fell by about $1.6 billion, and the company declared a $1.10 base dividend. The board also doubled its share repurchase authorisation to $16 billion. (GlobeNewswire)
Its large, low-cost inventory could support attractive returns beyond the current production base: management cites about 902,000 net acres and nearly 9,000 locations economic at $50 oil, alongside Midland well costs of roughly $550 per lateral foot. These are company estimates, but they suggest a sizeable runway at lower prices. (Diamondback Energy)
Cash generation remains exposed to oil prices and derivative costs: Q2 realised oil was $96.82 per barrel, while Q3 realised oil was $87.30 and the company expected $97 million of cash derivative-settlement losses. A further fall in oil could quickly reduce cash available for debt reduction and shareholder returns. (GlobeNewswire, SEC filing)
Net debt remained $12.3 billion at the end of June despite a $1.6 billion quarterly reduction. If commodity cash flow weakens, that debt load could limit flexibility for investment and discretionary shareholder returns. (GlobeNewswire)
An October investigation reported that a Diamondback flare at South Ranchito had burned for at least 450 days, despite the company’s public claim that it had eliminated routine flaring. Continued flaring could undermine its environmental claims and bring greater scrutiny. (The Examination)
Data summarised monthly by Lightyear AI. Last updated on 13 Oct 2026.
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Funds containing FANG
AllUSDEURGBP
Fund name | Fund size | $FANG weighting |
|---|---|---|
iShares Oil & Gas Exploration & Production£SPOG | $438M | 5.24% |
iShares Oil & Gas Exploration & Production$IOGP | $438M | 5.24% |
iShares Oil & Gas Exploration & Production€IOGP | $438M | 5.24% |
Invesco Energy S&P US Select Sector$XLES | $146M | 2.00% |
Invesco Energy S&P US Select Sector£XLEP | $146M | 2.00% |
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