olivLaw · US equity research
Diamondback Energy, Inc. FANG
Crude Petroleum & Natural Gas · SIC 1311 · Vertical: Crude Petroleum & Natural Gas (SIC 1311)
Diamondback Energy is an independent oil and natural gas company focused on the Permian Basin in West Texas. In the first half of 2026 production reached over 1.0 million BOE/d, and the company raised its annual production guidance to about 1,000 MBOE/d. Net income for fiscal 2025 was 1.7 billion USD, after an impairment of about 3.7 billion USD.
The AI analysis may be outdated: new filings came after its sources (see the «AI analysis» section).
At the close of 02 Nov 2026, Diamondback Energy, Inc. (FANG) stock was 199.74 USD (−5.82% on the day), with market capitalisation 55.9 bn USD, P/E 38.9 on diluted EPS of 5.14 USD over the last 12 months, dividend yield 2.08%, beta 0.64, 52-week range 137.29–213.69 USD. Latest reported quarter (Q2 2026): revenue of 5.6 bn USD (+51.2% YoY), net income of 1.9 bn USD (+169.2% YoY), diluted EPS 6.65 USD.
Data as of · AI analysis dated · Source: SEC filings and closing prices, computed by olivLaw.
Price history
Loading chart…
Technical reading
- RSI (14)
- 50.2
- neutral
- Bollinger (20, 2)
- 185.18 – 213.71
- in the upper half of the band · %B 0.51 · band width 14.3%
- SMA 50 / 200
- 197.16 / 189.89
- uptrend (price > SMA50 > SMA200)
- MACD (12, 26, 9)
- 3.38 / 2.76
- MACD above signal
Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).
Performance
| Company | S&P 500 | vs S&P 500 | Vertical median | |
|---|---|---|---|---|
| 1 month | +8.1% | −2.3% | +10.5 pp | — |
| 3 months | +0.5% | −0.8% | +1.3 pp | — |
| 6 months | −6.5% | +4.7% | −11.3 pp | — |
| Year to date | +32.9% | +10.2% | +22.7 pp | — |
| 1 year | +39.5% | +10.3% | +29.2 pp | +45.5% |
| 3 years | +23.2% | +73.0% | −49.8 pp | +32.0% |
| 5 years | +78.6% | +61.8% | +16.8 pp | — |
Price returns, dividends excluded.
Quarterly results
Latest quarter: Q2 2026 · 30 Jun 2026
Quarterly margins
Quarterly statements · USD
| Fiscal year | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 2.6 bn | 3.7 bn | 4.0 bn | 3.7 bn | 3.9 bn | 3.4 bn | 4.2 bn | 5.6 bn |
| SG&A | 49.0 m | 72.0 m | 73.0 m | 67.0 m | 70.0 m | 78.0 m | 79.0 m | 72.0 m |
| Operating income | 710.0 m | 1.4 bn | 1.7 bn | 1.1 bn | 1.2 bn | -2.8 bn | 116.0 m | 2.5 bn |
| Depreciation & amortisation | 742.0 m | 1.2 bn | 1.1 bn | 1.3 bn | 1.3 bn | 1.4 bn | 1.3 bn | 1.3 bn |
| Pre-tax income | 918.0 m | 1.4 bn | 1.9 bn | 943.0 m | 1.4 bn | -2.3 bn | 176.0 m | 2.6 bn |
| Income tax | 210.0 m | 115.0 m | 403.0 m | 204.0 m | 287.0 m | -567.0 m | 32.0 m | 580.0 m |
| Net income | 659.0 m | 1.1 bn | 1.4 bn | 699.0 m | 1.0 bn | -1.5 bn | 25.0 m | 1.9 bn |
| Diluted EPS | 3.19 | 3.68 ≈ | 4.83 | 2.38 | 3.51 | -5.10 ≈ | 0.08 | 6.65 |
| Operating cash flow | 1.2 bn ≈ | 2.3 bn | 2.4 bn | 1.7 bn ≈ | 2.4 bn ≈ | 2.3 bn | 1.8 bn | 3.6 bn ≈ |
| Dividends paid | 416.0 m ≈ | 262.0 m | 290.0 m | 291.0 m ≈ | 289.0 m ≈ | 286.0 m | 295.0 m | 310.0 m ≈ |
| Share repurchases | 515.0 m ≈ | 402.0 m | 575.0 m | 398.0 m ≈ | 603.0 m ≈ | — | — | — |
≈ derived quarter (cumulative difference / share-days average)
E/P over time
E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.
Today's P/E sits at the 90 percentile of its own 31-quarter history (min 4.9, median 11.2, max 227.8; quarters with earnings only).
Fiscal years
| Fiscal year | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 2.2 bn | 4.0 bn | 2.8 bn | 6.8 bn | 9.6 bn | 8.4 bn | 11.1 bn | 15.0 bn |
| Revenue YoY | +80.6% | +82.2% | −29.0% | +141.6% | +41.9% | −12.8% | +31.6% | +35.8% |
| Net income | 846.0 m | 240.0 m | -4.5 bn | 2.2 bn | 4.4 bn | 3.1 bn | 3.3 bn | 1.7 bn |
| Net income YoY | +75.5% | −71.6% | −1,982.1% | unavailable | +101.0% | −28.3% | +6.2% | −50.1% |
| Diluted EPS | 8.06 | 1.47 | -28.61 | 12.24 | 24.61 | 17.34 | 15.53 | 5.73 |
| Diluted EPS YoY | +63.2% | −81.8% | −2,046.3% | unavailable | +101.1% | −29.5% | −10.4% | −63.1% |
| net % | 38.9% | 6.1% | -160.6% | 32.1% | 45.5% | 37.4% | 30.2% | 11.1% |
| Free cash flow | unavailable | unavailable | unavailable | unavailable | unavailable | unavailable | unavailable | unavailable |
Reported results vs expectations
Loading…
Balance sheet & financial health
Fiscal year 2025 · 31 Dec 2025
- Cash
- 104.0 m USD
- Financial debt
- 14.5 bn USD
- Net debt
- 14.4 bn USD
- Equity
- 43.0 bn USD
- Total assets
- 71.1 bn USD
- Debt / equity
- 0.34x
- Current ratio
- 0.42x
- ROE
- 4.0%
- ROA
- 2.4%
- FCF margin
- unavailable
Financial statements (source on every figure)
Revenue and net income (USD)
Margins
Income statement · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Revenue | 2.8 bn | 6.8 bn | 9.6 bn | 8.4 bn | 11.1 bn | 15.0 bn | SEC (XBRL)· 25 Feb 2026verified |
| SG&A | 88.0 m | 146.0 m | 144.0 m | 150.0 m | 213.0 m | 288.0 m | SEC (XBRL)· 25 Feb 2026verified |
| Operating income | -5.5 bn | 4.0 bn | 6.5 bn | 4.6 bn | 4.4 bn | 1.3 bn | SEC (XBRL)· 25 Feb 2026verified |
| Depreciation & amortisation | 1.3 bn | 1.3 bn | 1.3 bn | 1.7 bn | 2.9 bn | 5.0 bn | SEC (XBRL)· 25 Feb 2026verified |
| EBITDA | -4.2 bn ≈ | 5.3 bn ≈ | 7.9 bn ≈ | 6.3 bn ≈ | 7.2 bn ≈ | 6.3 bn ≈ | SEC (XBRL)· 25 Feb 2026derived |
| Interest expense | 197.0 m | 199.0 m | 154.0 m | 159.0 m | 135.0 m | 244.0 m | SEC (XBRL)· 25 Feb 2026verified |
| Pre-tax income | -5.8 bn | 2.9 bn | 5.7 bn | 4.2 bn | 4.5 bn | 1.9 bn | SEC (XBRL)· 25 Feb 2026verified |
| Income tax | -1.1 bn | 631.0 m | 1.2 bn | 912.0 m | 800.0 m | 327.0 m | SEC (XBRL)· 25 Feb 2026verified |
| Net income | -4.5 bn | 2.2 bn | 4.4 bn | 3.1 bn | 3.3 bn | 1.7 bn | SEC (XBRL)· 25 Feb 2026verified |
| Diluted EPS | -28.61 | 12.24 | 24.61 | 17.34 | 15.53 | 5.73 | SEC (XBRL)· 25 Feb 2026verified |
| Weighted average diluted shares | 158.0 m | 176.6 m | 176.5 m | 180.0 m | 213.5 m | 289.1 m | SEC (XBRL)· 25 Feb 2026verified |
| Dividend per share | 1.53 | 1.95 | 11.31 | 7.99 | 8.29 | 4.00 | SEC (XBRL)· 25 Feb 2026verified |
≈ computed by olivLaw from the reported lines of the same year: Operating income + Depreciation & amortisation.
Balance sheet · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Cash | 104.0 m | 654.0 m | 157.0 m | 582.0 m | 161.0 m | 104.0 m | SEC (XBRL)· 25 Feb 2026verified |
| Receivables | 281.0 m | 598.0 m | 618.0 m | 654.0 m | 1.4 bn | 1.1 bn | SEC (XBRL)· 25 Feb 2026verified |
| Inventories | 33.0 m | 62.0 m | 67.0 m | 63.0 m | 116.0 m | 86.0 m | SEC (XBRL)· 25 Feb 2026verified |
| Current assets | 602.0 m | 1.4 bn | 1.4 bn | 1.6 bn | 2.1 bn | 1.9 bn | SEC (XBRL)· 25 Feb 2026verified |
| Property, plant & equipment, net | 16.2 bn | 20.6 bn | 23.8 bn | 26.7 bn | 64.5 bn | 68.6 bn | SEC (XBRL)· 25 Feb 2026verified |
| Total assets | 17.6 bn | 22.9 bn | 26.2 bn | 29.0 bn | 67.3 bn | 71.1 bn | SEC (XBRL)· 25 Feb 2026verified |
| Short-term debt | 191.0 m | 45.0 m | 10.0 m | 0 | 900.0 m | 763.0 m | SEC (XBRL)· 25 Feb 2026verified |
| Long-term debt | 5.6 bn | 6.6 bn | 6.2 bn | 6.6 bn | 12.1 bn | 13.7 bn | SEC (XBRL)· 25 Feb 2026verified |
| Current liabilities | 1.2 bn | 1.4 bn | 1.7 bn | 2.1 bn | 4.8 bn | 4.6 bn | SEC (XBRL)· 25 Feb 2026verified |
| Total liabilities | 7.8 bn | 9.7 bn | 10.5 bn | 11.6 bn | 27.4 bn | 28.1 bn | SEC (XBRL)· 25 Feb 2026verified |
| Equity | 9.8 bn | 13.2 bn | 15.7 bn | 17.4 bn | 39.9 bn | 43.0 bn | SEC (XBRL)· 25 Feb 2026verified |
Cash flow · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Operating cash flow | 2.1 bn | 3.9 bn | 6.3 bn | 5.9 bn | 6.4 bn | 8.8 bn | SEC (XBRL)· 25 Feb 2026verified |
| Investing cash flow | -2.1 bn | -1.5 bn | -3.3 bn | -3.3 bn | -11.2 bn | -7.8 bn | SEC (XBRL)· 25 Feb 2026verified |
| Financing cash flow | -37.0 m | -1.8 bn | -3.5 bn | -2.2 bn | 4.4 bn | -1.0 bn | SEC (XBRL)· 25 Feb 2026verified |
| Dividends paid | 236.0 m | 312.0 m | 1.6 bn | 1.4 bn | 1.6 bn | 1.2 bn | SEC (XBRL)· 25 Feb 2026verified |
| Share repurchases | 98.0 m | 431.0 m | 1.1 bn | 840.0 m | 959.0 m | — | SEC (XBRL)· 26 Feb 2025verified |
Computed indicators
Growth
Profitability
Returns
Balance sheet
Liquidity
Cash
Efficiency
Market and valuation
Risk
Valuation
olivLaw classification
Score: 20 / 100
A scoring methodology on indicators and valuation, not investment advice.
score < 40 · (margin_of_safety <= -0.25 & agreement in ['high', 'medium'])
Closing price
02 Nov 2026Source: olivLaw, closing series
Market cap: 55.9 bn USD
Key indicators
Coverage and freshness
Score by group
- Growth50
- Returns81
- Quality0
- Balance sheet14
- Valuation0
Estimated value range
The combined range = the median of the valid methods' low, central and high values; it is not a probability interval and does not cover every result. Envelope of all methods: 43.79 – 97.52 USD.
Valuation assumptions are editorial choices, not measured; beta is not measured.
Method ranges (USD per share)
— — Mid · ▏ Price
Valuation methods
- DCF (discounted cash flow)unavailable · input data missing
- Peers: EV/EBITDA43.79 – 97.52 (Mid 93.56)5 companies used · median multiple 6.1x · quartiles 3.9x – 6.2xAPA, EOG, EQT, EXE, OVV
- Peers: P/E51.51 – 71.06 (Mid 61.22)8 companies used · median multiple 11.9x · quartiles 10.0x – 13.8xAPA, DVN, EOG, EQT, EXE, OVV, OXY, PR
- Dividend discount (DDM)52.56 – 70.69 (Mid 60.29)
Classification (SIC) comparables group by industry code, not by economic activity; the direct group is an editorial selection by activity. Members' multiples are on their own trailing twelve months, at their own latest close.
Assumptions (illustrative, editorial)
- Risk-free rate
- 4.3%
- Equity risk premium
- 5.0%
- Beta (default)
- 1.00
- Cost of equity
- 9.3%
- Terminal growth
- 2.5%
Factor scorecard
Unattractive profile · Score 20/100
| Factor | Value | Score | Weight used |
|---|---|---|---|
| ROIC · Quality | 1.6% | 0 (vs peers) | 13% |
| Net margin · Quality | 8.6% | 0 (vs peers) | 8% |
| FCF conversion · Quality | unavailable | unavailable | — |
| Revenue CAGR 3Y · Growth | 15.9% | 100 (on a fixed band) | 10% |
| EPS CAGR 3Y · Growth | -38.5% | 0 (on a fixed band) | 10% |
| Net debt / EBITDA · Balance sheet | 1.9x | 0 (vs peers) | 13% |
| Interest coverage · Balance sheet | 4.4x | 45 (on a fixed band) | 8% |
| Current ratio · Balance sheet | 0.5x | 0 (on a fixed band) | 5% |
| P/E (TTM) · Valuation | 38.9x | 0 (vs peers) | 13% |
| EV/EBITDA · Valuation | 10.8x | 0 (vs peers) | 13% |
| FCF yield · Valuation | unavailable | unavailable | — |
| Shareholder yield (distributions) · Returns | 5.6% | 81 (on a fixed band) | 8% |
| Payout ratio (FCF) · Returns | unavailable | unavailable | — |
Factors without a value were dropped; the remaining weights were renormalised.
Score groups
- Balance sheet14/100 · 3/3 factors with a value
- Growth50/100 · 2/2 factors with a value
- Quality0/100 · 2/3 factors with a value
- Returns· partial81/100 · 1/2 factors with a value
- Valuation0/100 · 2/3 factors with a value
A «partial» group is computed from under half of its weight or from one factor: it is not a full assessment of the group.
Memo
Diamondback Energy, Inc. (FANG). Latest full fiscal year: 2025; data up to 2026-06-30.
Figures computed from the financial statements: revenue 15.0 bn USD in 2025; YoY growth 35.8%; net margin 8.6%; ROE 3.8%; net debt/EBITDA 1.9x.
The estimated value range is 51.51–71.06 USD per share (median of 3 methods, agreement: medium); assumptions are illustrative. Against the central value of 61.22 USD, the price of 199.74 USD leaves a potential of -69.4% (value / price − 1) and a margin of safety of -226.3% (1 − price / value). The range is the median of the methods' low, central and high values, not a probability interval.
olivLaw score 20/100, methodological classification: unattractive profile (score, margin of safety and method agreement together; not a judgement of the right price). Groups assessed only in part: returns. Not investment advice.
Text generated deterministically from the figures shown; no language model. Not investment advice.
What supports the thesis
- Revenue CAGR 3Y: 15.9%
- Shareholder yield (distributions): 5.6%
What contradicts it
- ROIC: 1.6%
- Net margin: 8.6%
- EPS CAGR 3Y: -38.5%
- Net debt / EBITDA: 1.9x
- Current ratio: 0.5x
- P/E (TTM): 38.9x
- EV/EBITDA: 10.8x
- The price is above the estimated value range
Not assessed (insufficient data or a ratio without meaning): FCF conversion, FCF yield, Payout ratio (FCF).
Versus the vertical median
Crude Petroleum & Natural Gas (SIC 1311) · same industry (4-digit SIC) · compared with 8 companies
Only companies with a capitalisation between 6.9 bn and 441.6 bn (within 8× of the company's); 74 of the vertical were left out.
Multiples and returns vs the median
Price rebased to 100 (monthly, 5 years)
Companies in the vertical
| Market cap | P/E | ROE | Net margin | Revenue YoY | 1A / 3A | |
|---|---|---|---|---|---|---|
| EOGEog Resources, Inc. | 82.8 bn | 12.3 | 22.5% | 25.4% | −4.5% | +46% / +28% |
| OXYOccidental Petroleum Corporation | 60.7 bn | 9.1 | 18.9% | 33.7% | −1.9% | +45% / +3% |
| FANGDiamondback Energy, Inc. | 55.9 bn | 38.9 | 3.8% | 8.6% | +35.8% | +39% / +23% |
| DVNDevon Energy Corp | 53.5 bn | 11.5 | 11.5% | 16.7% | +7.8% | +31% / +8% |
| EQTEqt Corporation | 34.3 bn | 13.0 | 10.9% | 28.4% | +63.9% | −10% / +37% |
| EXEExpand Energy Corporation | 20.7 bn | 7.8 | 14.6% | 19.8% | +186.3% | −27% / +11% |
| PRPermian Resources Corporation | 20.6 bn | 16.3 | 11.5% | 21.5% | +1.3% | +69% / +87% |
| OVVOvintiv Inc. | 18.7 bn | 19.2 | 8.4% | 9.4% | −2.7% | +65% / +53% |
| APAApa Corporation | 17.1 bn | 10.3 | 25.9% | — | unavailable | +96% / +36% |
1- and 3-year price returns: for FANG from daily closes (the same as the performance table), for the other companies from month-end closes.
olivLaw engine forecast
The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.
Valuation scenarios (editable assumptions)
Illustrative scenarios
Illustrative: not forecasts and without probabilities. Each case is one coherent set of assumptions, computed on today's figures.
Estimated price (USD)
| Estimated price | Bear | Base | Bull |
|---|---|---|---|
| 1 years | 133.08 Total return -32% · Per year -32% | 234.19 Total return 20% · Per year 20% | 351.29 Total return 79% · Per year 79% |
| 3 years | 157.85 Total return -15% · Per year -5% | 309.72 Total return 64% · Per year 18% | 505.86 Total return 164% · Per year 38% |
| 5 years | 187.23 Total return 5% · Per year 1% | 409.61 Total return 121% · Per year 17% | 728.44 Total return 286% · Per year 31% |
- Exit P/E± 77.43
- Net margin± 54.20
- Annual revenue growth± 40.42
- Annual dilution± 4.55
AI analysis
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
Possibly outdated: the newest document it read is from 05 Aug 2026; since then the company filed 8-K (02 Nov 2026 · results), 8-K (08 Oct 2026 · results).
In brief
Diamondback Energy is an independent oil and natural gas company focused on the Permian Basin in West Texas. In the first half of 2026 production reached over 1.0 million BOE/d, and the company raised its annual production guidance to about 1,000 MBOE/d 2. Net income for fiscal 2025 was 1.7 billion USD, after an impairment of about 3.7 billion USD 1.
SWOT
Strengths
- The company holds a leading position in the Permian Basin, with a large net acreage position and a sizeable inventory of economic drilling locations 1. Its listed subsidiary Viper adds royalty-based diversification 12.
- Cash operating costs per barrel have been kept low, which supports margins when prices are high 12. The company has shown capital discipline through share repurchases and debt reduction 12.
- Production has grown year on year and the company has passed the one million BOE per day level 12.
Weaknesses
- Concentration in a single region, the Permian Basin, exposes the company to local transport, regulatory and water risks 1.
- Significant asset impairments were recorded in the final quarter of 2025, showing the sensitivity of book value to commodity prices 1.
- A substantial debt load limits financial flexibility and could affect access to and terms of financing 1.
Opportunities
- Expanded Permian takeaway capacity could narrow gas price differentials and improve realizations 2. Delineation of the Barnett/Woodford zone could add new drilling locations 1.
- Non-core asset sales and royalty acquisitions could reshape the portfolio and support growth 12.
- If oil prices remain elevated, the company could return more capital to shareholders through dividends and buybacks 12.
Threats
Risks
- Commodity price volatilityhigh
Oil and gas prices are volatile and can affect revenues, production and reserve value, especially if they fall 1.
- Asset impairmentshigh
A further price decline could lead to additional impairments of oil properties, which affect reported results but not cash flow 12.
- Geographic concentrationmedium
Operations are concentrated in one area, exposing the company to transport, regulatory and water risks in the Permian 1.
- Debt and financing accessmedium
A high debt level and a possible ratings downgrade could limit access to financing and raise its cost 1.
- Hedging instrumentslow
Commodity hedges can produce losses or cap gains from price increases, and counterparties may fail to perform 1.
Investment thesis
What would need to be true (bull case)
- If production stays above the current level and costs remain low, the company could keep generating strong cash flow and returning capital to shareholders 12.
- The extended inventory of drilling locations and the Barnett/Woodford delineation could support longer-term production growth 1.
- The expanded share repurchase authorization shows management's willingness to use capital flexibly if cash flows remain strong 2.
What would break the thesis
- The high prices of 2026 are linked to a geopolitical shock and could reverse quickly, reducing revenues and possibly triggering further impairments 12.
- Rising capital employed and debt could compress margins if prices fall, particularly during an energy transition 1.
- Transport constraints and gas price differentials could keep weighing on gas revenues if remedies are delayed 2.
What to watch
- Quarterly results and production guidanceQ3 2026
- Waha-to-Henry Hub differential and takeaway expansion2026
- Execution of the 2026 drop down and the Riverbend acquisition2026
- Capital budget and buyback pace in the next annual reportnext 10-K
Products, market & competition
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
Possibly outdated: the newest document it read is from 05 Aug 2026; since then the company filed 8-K (02 Nov 2026 · results), 8-K (08 Oct 2026 · results).
The business
Segments
Market context
Permian natural gas realizations were hurt by a widening Waha-to-Henry Hub differential caused by takeaway constraints, which produced periods of negative Waha pricing 2. The company expects these constraints to ease as takeaway capacity expands, but realized prices will still depend on supply, demand and transport 2.
Trends
- Oil price volatilitymixed
Oil prices have been volatile, and a decline could reduce production, reserves and cash flow 1. The recent price rise linked to the Middle East conflict could support revenues if prices hold 2.
- Trade policy and tariffsheadwind
Tariffs and trade changes could reduce demand for oil and gas and raise the company's cost of capital 1. Uncertainty in this area remains high and hard to anticipate 1.
- Energy transitionheadwind
Climate policies and the shift to lower-carbon sources could reduce demand for oil and gas and raise operating costs 1. The company's own emissions targets also carry risks 1.
- Permian transport infrastructuremixed
Takeaway capacity limits in the Permian have weighed on gas prices and could constrain output if left unresolved 2. Expanded infrastructure, if completed, could ease these pressures later in 2026 2.
Competitive position
Diamondback Energy competes with other independent oil and gas producers in the Permian for acreage, equipment, personnel and transport infrastructure. Competition for acreage and services can affect development costs, especially in areas of high activity 1.
The company notes that operating in areas of high industry activity may make it harder to hire and retain qualified personnel, which could affect its competitiveness against other regional operators 1. Its stated advantage rests on low cash operating costs and operational efficiency 2.
- Other independent Permian operators
Producers working the same Permian formations that compete for acreage, services and infrastructure, as described in the risk factors 1.
- Oilfield service providers
Drilling and completion service companies the company relies on, where competition for resources can raise costs 1.
- Midstream and transport operators
Pipeline and processing operators, some not controlled by the company, whose capacity constrains takeaway of production 12.
- Mineral and royalty companies
Companies holding mineral and royalty interests comparable to those held by the Viper subsidiary in the Permian 2.
Links, dependencies and risks
Who the company is tied to, from its own SEC filings (customers, suppliers, production, partners, competitors, countries, regulation), from the 5 %+ holders' statements (13D/13G) and from what other companies say about it. Click a node for its evidence; on a listed company the graph moves to it.
Loading the links…
News & filings
In the press
- Analyst Recent Ratings Changes for Diamondback Energy ( FANG )Surge — GDELT DOC · 21 Oct 2026 · RO
- Diamondback Energy Is Down 11% This Year While the Permian Basin Keeps Pumping. Is FANG Stock a Buy?Yahoo Finance — News · 20 Sept 2026 · EN
- Stocks making the biggest moves midday: SpaceX, Lumentum, Diamondback Energy, J.B. Hunt & moreCNBC — Top News · 16 Sept 2026 · EN
- Bloom Energy vs. Diamondback Energy: Which Industrials Stock Is a Better Buy in 2026?Yahoo Finance — News · 15 Sept 2026 · EN
The latest news item in our archive is from 21 Oct 2026; the newest SEC filing is from 02 Nov 2026. The press archive comes from the RSS feeds we follow and does not necessarily cover the latest event — the filings alongside do.
SEC filings
- Current report02 Nov 2026Results of operations · Financial statements and exhibits
- Current report08 Oct 2026Results of operations
- Current report30 Sept 2026Material agreement · Departure or appointment of officers · Financial statements and exhibits
- Quarterly report05 Aug 2026
- Current report03 Aug 2026Results of operations · Financial statements and exhibits
- Current report13 Jul 2026Results of operations
- Current report15 Jun 2026Material agreement · Creation of a direct financial obligation · Financial statements and exhibits
- Current report20 May 2026Departure or appointment of officers · Shareholder vote
- Quarterly report06 May 2026
- Current report04 May 2026Results of operations · Financial statements and exhibits
Sources
- [1] Form 10-K, fiscal year ended 2025-12-31 · SEC / Diamondback Energy, Inc. · 25 Feb 2026
- [2] Form 10-Q, quarter ended 2026-06-30 · SEC / Diamondback Energy, Inc. · 05 Aug 2026
Figures computed by olivLaw from SEC filings and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.