Diamondback Energy, Inc. (FANG)
Energy · Oil & Gas Exploration & Production · US stock · S&P 500 component
$203.95
▲ +8.35 (4.27%)
Fair valueOvervalued
$119 −41.8% to fair value
$59fair band $71–$166$178
Day's range
$197.01 – $204.10
52-week range
$133.81 – $216.90
Red flags⚠ Heavy dilution
About Diamondback Energy, Inc.
Focused on the Permian Basin in West Texas, Diamondback Energy is an independent oil and natural gas company. It drills and operates wells that produce crude oil, natural gas and natural gas liquids. It also owns a publicly traded subsidiary, Viper Energy, which holds mineral and royalty interests. Its output is delivered to refiners, marketers and midstream companies, and the business is organised around its upstream operations in the basin.
Income depends on the oil, natural gas and liquids Diamondback produces, so it moves with output volumes and commodity prices. Revenue was $17.1 billion over the last twelve months and has grown at 15.9% a year across the last three years. The operating margin is 6.3%, and the business earns 2% on the capital invested in it. Net debt is 1.9 times EBITDA, and the dividend yield is 2.1%. On the site's X-Ray Score it receives 33 out of 100.
Written with AI from public information and the filing figures on this page, then checked automatically for unsupported numbers. It can contain mistakes: read the company's own filings below before relying on it.
Price chart
52-wk range $133.81 – $216.90Volume 2,573,400Daily, split-adjusted
Vitals
Market cap$57.4B
52-week range$133.81 – $216.90
Volume (last day)2,573,400
P/E (TTM)43.1
EBIT / EV yield1.4%
Free-cash-flow yield–
Dividend yield2.1%
Revenue (TTM)$17.1B
Net income (TTM)$1.4B
Operating margin6.3%
Return on capital1.8%
Debt incl. leases$12.6B
Cash & securities$462M
Debt = borrowings plus lease liabilities. Cash & securities = cash, equivalents and short-term marketable securities (long-term securities are not counted, so net cash can be understated for companies like Apple). Net debt = debt minus cash & securities. Source: latest SEC 10-Q/10-K. EBIT / EV yield = operating profit divided by market cap plus net debt.
Fair value estimate
$119model spread $100 – $142
Overvalued
−41.8% to fair value
Equal blend of three models: peer multiples, a fundamentals-adjusted multiple (growth, ROIC and margin) and a 10-year DCF scaled to the market's average. Earnings-power value (no growth) is a floor and not part of the blend. Model uncertainty is High, so the safety margin is 40%.
Multiples use through-the-cycle earnings (1.17x of the last twelve months)
Price $204
Undervalued < $71Fair $71 – $166Overvalued > $166
10-year DCF (market-scaled)
$128
Peer multiples
$100
Earnings power floor (not blended)
$-16
Fundamentals-adjusted multiple
$128
Growth the price implies
32.7%/yr
A model estimate, not a price target or recommendation. Inputs: risk-free 5.09%, equity risk premium 4.23% (Damodaran). How it works.
What this means
Weak business, priced high
Our models put fair value below today's price, so a lot of good news may already be in the price. A high score does not guarantee a good outcome; it shifts the odds a little. Use the checklist as a prompt for your own research.
Before you invest · decision checklist
Ticked boxes are filled in from our data; the rest are yours to answer.
The five-lens scan
Every score explained in one sentence, ranked against Energy peers. Open a lens to see the numbers behind it.
Valuation
Weak
18/100
Expensive against its sector on earnings and cash flow.
See the numbers →
EBIT / EV yield1.4%
Fair value vs price0.6×
Growth
Fair
69/100
Growing at a typical pace for its sector.
See the numbers →
Revenue growth (3y)15.9%
EPS growth (3y)-38.5%
Growth consistency90%
Profitability
Weak
24/100
Earns lower returns on its capital than most peers.
See the numbers →
Return on invested capital1.8%
Operating margin6.3%
Financial health
Weak
31/100
Balance sheet is more stretched than most peers.
See the numbers →
Piotroski F-Score4 / 9
Net debt / EBITDA1.9×
Interest coverNo interest cost
Dividends
Weak
28/100
Dividend is modest or less certain than peers.
See the numbers →
Dividend yield2.1%
Dividend growth-9.7%
Quarterly results: last 6 quarters
+81.8%
Mar '25
+48.1%
Jun '25
+48.4%
Sep '25
-9.0%
Dec '25
+4.7%
Mar '26
+51.2%
Jun '26
Revenue against the same quarter a year earlier. Latest quarter revenue $5.6B, diluted EPS $6.65.
Compare with peers
APA APA Corp69 EXE EXPAND ENERGY Corp68 EOG Eog Resources Inc66 COP Conocophillips59Other Oil & Gas Exploration & Production companies by X-Ray Score.
Fundamentals checklist
● 4 Good · ● 0 Average · ● 9 BadCash quality
Earnings backed by cashGood
Risk models
Altman Z''Bad
Piotroski F-ScoreBad
Growth
EPS growth (3y)Bad
Revenue growth (3y)Good
Growth consistencyGood
Balance sheet
Current ratioBad
Net debt / EBITDABad
Interest coverGood
Valuation
Fair value vs priceBad
EBIT / EV yieldBad
Profitability
Return on invested capitalBad
Operating marginBad
Each check is graded against the company's sector, not a fixed number. Checklist score 40/100.
Financials
| FY21 | FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|---|
| Revenue | $6.8B | $9.6B | $8.4B | $11.1B | $15.0B |
| Operating income | $4.0B | $6.5B | $4.6B | $4.4B | $1.3B |
| Net income | $2.3B | $4.6B | $3.3B | $3.7B | $1.5B |
| Operating cash flow | $3.9B | $6.3B | $5.9B | $6.4B | $8.8B |
| Operating margin | 58.9% | 67.5% | 54.3% | 39.7% | 8.4% |
| Free cash flow | – | – | – | – | – |
| Diluted EPS | $12.24 | $24.61 | $17.34 | $15.53 | $5.73 |
Fiscal years, from SEC filings.
Technical summary
Daily
Strongly bullish
12 bullish · 1 neutral · 3 bearish
Weekly
Strongly bullish
11 bullish · 1 neutral · 0 bearish
Monthly
Strongly bullish
7 bullish · 1 neutral · 0 bearish
Moving averages (daily)
| SMA 10 | 192.8 | Bullish |
| EMA 10 | 194.8 | Bullish |
| SMA 20 | 189.3 | Bullish |
| EMA 20 | 193.2 | Bullish |
| SMA 50 | 196.9 | Bullish |
| EMA 50 | 194.0 | Bullish |
| SMA 100 | 193.5 | Bullish |
| EMA 100 | 192.4 | Bullish |
| SMA 200 | 185.4 | Bullish |
| EMA 200 | 184.6 | Bullish |
Oscillators (daily)
| RSI (14) | 64.45 | Neutral |
| MACD (12, 26) | 0.73 | Bullish |
| Momentum (12) | 10.96 | Bullish |
| Stochastic %K (14) | 99.33 | Bearish |
| Williams %R (14) | -0.67 | Bearish |
| CCI (20) | 172.9 | Bearish |
Pivot points (classic, last session)
S3 192.2 | S2 194.6 | S1 199.3 | Pivot 201.7 | R1 206.4 | R2 208.8 | R3 213.5 |
Signals describe what the chart is doing, not what to do. Moving averages: price above the average is bullish. Oscillators use the usual thresholds (RSI 30/70, Stochastic 20/80, CCI ±100, Williams %R −80/−20; MACD and momentum above zero are bullish). Weekly and monthly views use closing prices only.
Dividends
Paid, last 12 months
4.25 USD
Yield on today's price
2.08%
Frequency
Quarterly
Next ex-dividend date
Not announced
| Ex-dividend date | Amount per share |
|---|---|
| 13 Aug 2026 | 1.1000 |
| 14 May 2026 | 1.1000 |
| 5 Mar 2026 | 1.0500 |
| 13 Nov 2025 | 1.0000 |
| 14 Aug 2025 | 1.0000 |
| 15 May 2025 | 1.0000 |
| 6 Mar 2025 | 1.0000 |
| 14 Nov 2024 | 0.9000 |
| 15 Aug 2024 | 2.3400 |
| 14 May 2024 | 1.9700 |
| 4 Mar 2024 | 3.0800 |
| 15 Nov 2023 | 3.3700 |
Ex-dividend dates and amounts from EODHD. Shown as declared, before tax.
FANG SEC filings
8 Oct 2026
8-KSEC EDGAR
Results of operations
30 Sep 2026
8-KSEC EDGAR
Entered a material agreement; Director or officer change
5 Aug 2026
10-QSEC EDGAR
Quarterly report
3 Aug 2026
8-KSEC EDGAR
Results of operations
13 Jul 2026
8-KSEC EDGAR
Results of operations
15 Jun 2026
8-KSEC EDGAR
Entered a material agreement
20 May 2026
8-KSEC EDGAR
Director or officer change; Shareholder vote results
6 May 2026
10-QSEC EDGAR
Quarterly report
Where the numbers come from
Statements SEC EDGAR filings (10-K, 10-Q), quarters derived from year-to-date figures.
Prices end-of-day closes, split-adjusted.
Industry inputs beta, multiples and equity risk premium from Damodaran Online (NYU Stern).
StocksXray is for education only and is not financial advice. Scores and fair values are model estimates from public filings and carry uncertainty.