Diamondback Energy's results for Q3 2026 (ended Sep 30, 2026) come from the company's own earnings release, filed with the SEC on 2026-11-02. Everything below is taken from that filing; quotes are copied exactly. Company outlooks are the company's own.
At a glance
| Item | Value |
|---|---|
| Revenue (GAAP) | $5,431 million (+38.4% vs a year earlier) |
| Diluted EPS (GAAP) | $5.69 |
| Adjusted per-share figure (company's non-GAAP measure; FFO/AFFO for REITs) | $5.86 |
| Full-year guidance | Stated (no change given) |
Guidance
Diamondback now expects 2026 oil production of ~524 MBO/d (from 522+) and capex of $3.95–$4.00 billion (from ~$3.9 billion); Q4 oil 518–528 MBO/d.
Why this label: Raise covers oil/BOE production (operating metric) and capex only; no revenue, EPS or profit guidance, so per spec not 'raised'.
| Metric | Period | New | Prior (as stated in the release) |
|---|---|---|---|
| oil production | FY2026 | ~524 MBO/d | 522+ MBO/d |
| net production | FY2026 | ~1,015 MBOE/d | 1,000+ MBOE/d |
| total cash capital expenditures | FY2026 | $3.95–$4.00 billion | ~$3.9 billion |
| lease operating expenses per BOE | FY2026 | $5.95–$6.20 | $5.90–$6.40 |
Next-quarter outlook:
| Metric | Period | Range |
|---|---|---|
| oil production | Q4 2026 | 518–528 MBO/d (1,025–1,045 MBOE/d) |
| cash capital expenditures | Q4 2026 | $1,000–$1,050 million |
From the release
Revenue: "Total revenues · 5,431 · 3,924"
Earnings per share: "Earnings (loss) per common share attributable to Diamondback Energy, Inc. - Diluted (1) · $ · 5.69 · Adjusted net income (1) · $ · 1,649 · Adjusted net income per common share - Diluted (1) · $ · 5.86"
oil production: "Increasing annual oil production guidance to ~524 (from 522+) MBO/d with total BOE production of ~1,015 (from 1,000+) MBOE/d"
net production: "2026 Net production - MBOE/d · ~1,015 ( from 1,000+)"
total cash capital expenditures: "full year cash capital expenditures to $3.95 - $4.00 billion (from ~$3.9 billion)"
Quotes are copied from the filing; in table rows, cell borders are shown as “·”.
Key fact: Annual base dividend up 7.3% to $4.72; Diamondback expects 2026 oil production of ~524 MBO/d.
Source
Diamondback Energy earnings release (SEC filing), accession 0001539838-26-000180, filed 2026-11-02.
Part of the Q3 2026 Guidance Tracker. Educational only, not advice. Free weekly recap every Sunday: yieldterminalpro.com/newsletter.