Diamondback (FANG) Reports Q3 Earnings: What Key Metrics Have to Say

Core Insights - Diamondback Energy reported $3.92 billion in revenue for Q3 2025, a 48.4% year-over-year increase, with an EPS of $3.08 compared to $3.38 a year ago [1] - The revenue exceeded the Zacks Consensus Estimate of $3.46 billion by 13.36%, and the EPS also surpassed the consensus estimate of $2.85 by 8.07% [1] Financial Performance - Average daily production was 942,946 BOE/D, slightly above the estimated 920,998.90 BOE/D [4] - Total production volumes included 21,180 MBBL of natural gas liquids, 115,353 MMcf of natural gas, and 46,345 MBBL of oil, all exceeding analyst estimates [4] - Revenue from oil, natural gas, and natural gas liquids was $3.45 billion, a 46.4% year-over-year increase, surpassing the average estimate of $3.27 billion [4] - Oil sales generated $2.99 billion, a 38.6% increase year-over-year, exceeding the average estimate of $2.78 billion [4] - Natural gas liquid sales reached $366 million, a 73.5% year-over-year increase, compared to the average estimate of $352.64 million [4] - Natural gas sales were reported at $87 million, showing a significant decline of 611.8% year-over-year, against an estimate of $76.31 million [4] Market Performance - Diamondback's shares returned +1.8% over the past month, while the Zacks S&P 500 composite increased by +4.4% [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the broader market [3]