FANG Reports Q3 Net Income of $1.60B and Raises Full-Year Production Guidance
· The NYC Memo
Diamondback Energy, Inc. reported third-quarter 2026 total revenues of $5.431 billion and net income attributable to the company of $1.603 billion, or $5.69 per diluted share, with average daily production reaching 1,034 MBOE/d. The company increased its annualized base dividend by 7.3% to $4.72 per share, declaring a quarterly dividend of $1.18 per share.
Management raised full-year 2026 production guidance to approximately 1,015 MBOE/d and updated expected capital expenditures to a range of $3.95 billion to $4.00 billion.