Diamondback Energy(US:FANG) ZACKS·2025-05-02 14:20Core Viewpoint - Analysts forecast that Diamondback Energy (FANG) will report quarterly earnings of $4.09 per share, reflecting a year-over-year decline of 9.1%, while revenues are expected to reach $3.75 billion, an increase of 68.2% compared to the previous year [1] Earnings Estimates - The consensus EPS estimate has been revised downward by 12.6% over the past 30 days, indicating a collective reassessment by analysts [2] - Revisions to earnings estimates are significant indicators for predicting investor actions regarding the stock, with empirical research showing a strong correlation between earnings estimate trends and short-term stock performance [3] Revenue Projections - Analysts estimate that revenues from oil, natural gas, and natural gas liquids will total $3.67 billion, representing a year-over-year increase of 74.7% [5] - Oil sales revenues are projected to reach $3.03 billion, reflecting a 62.1% increase year-over-year [5] - Revenues from natural gas liquid sales are expected to be $410.54 million, indicating a 123.1% increase from the previous year [5] - Natural gas sales revenues are anticipated to be $243.41 million, suggesting a significant year-over-year increase of 386.8% [6] Production Metrics - Average daily production is expected to be 855,815.50 BOE/D, up from 461,110 BOE/D reported in the same quarter last year [6] - Total production volume for natural gas liquids is projected at 17,430.23 MBBL, compared to 8,653 MBBL in the previous year [8] - Total production volume for oil is estimated to be 42,783.51 MBBL, up from 24,874 MBBL year-over-year [8] - The consensus for total combined production volume is 76,894.90 MBOE, compared to 41,961 MBOE in the same quarter last year [9] Price Estimates - Average prices for oil are expected to be $70.67 per barrel, down from $75.06 per barrel in the same quarter last year [7] - Average prices for hedged oil are projected at $70.36 per barrel, compared to $74.13 per barrel in the previous year [7] - Average prices for natural gas liquids are estimated at $23.27 per barrel, up from $21.26 per barrel in the same quarter last year [9] - Average prices for hedged natural gas liquids are expected to be $22.61 per barrel, compared to $21.26 per barrel in the previous year [10] Stock Performance - Diamondback shares have decreased by 4.6% over the past month, contrasting with a -0.5% change in the Zacks S&P 500 composite [11] - The company holds a Zacks Rank 3 (Hold), indicating expectations to mirror overall market performance in the near future [11]