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Diamondback (FANG) Reports Q4 Earnings: What Key Metrics Have to Say

By Zacks Equity Research | February 27, 2026, 4:00 PM

Diamondback Energy (FANG) reported $3.38 billion in revenue for the quarter ended December 2025, representing a year-over-year decline of 9%. EPS of $1.74 for the same period compares to $3.64 a year ago.

The reported revenue compares to the Zacks Consensus Estimate of $3.15 billion, representing a surprise of +7.01%. The company delivered an EPS surprise of -7.2%, with the consensus EPS estimate being $1.88.

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.

Here is how Diamondback performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
  • Average daily production / Daily combined volumes: 969,120.00 BOE/D versus 951,118.10 BOE/D estimated by nine analysts on average.
  • Average Prices - Natural gas liquids, hedged: $/13.51 versus the six-analyst average estimate of $/14.41.
  • Average Prices - Oil -hedged: $/57.07 compared to the $/57.12 average estimate based on six analysts.
  • Average Prices - Natural gas, hedged: $1.03 per thousand cubic feet compared to the $1.12 per thousand cubic feet average estimate based on six analysts.
  • Average Prices - Natural gas liquids: $/13.51 compared to the $/14.14 average estimate based on five analysts.
  • Total Production Volume - Natural gas liquids: 21,684.00 MBBL versus 20,973.56 MBBL estimated by five analysts on average.
  • Total Production Volume - Natural gas: 121,805.00 MMcf versus 118,400.70 MMcf estimated by five analysts on average.
  • Revenues- Oil, natural gas and natural gas liquid: $3.03 billion versus the five-analyst average estimate of $3.02 billion. The reported number represents a year-over-year change of -12.6%.
  • Revenues- Natural gas sales: $4 million compared to the $96.72 million average estimate based on four analysts.
  • Revenues- Oil sales: $2.74 billion versus the four-analyst average estimate of $2.61 billion.
  • Revenues- Natural gas liquid sales: $293 million versus $299.31 million estimated by four analysts on average.
  • Revenues- Other operating income: $35 million compared to the $24.12 million average estimate based on two analysts. The reported number represents a change of +133.3% year over year.

View all Key Company Metrics for Diamondback here>>>

Shares of Diamondback have returned +2.4% over the past month versus the Zacks S&P 500 composite's -0.5% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

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This article originally published on Zacks Investment Research (zacks.com).

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