Core Viewpoint - Diamondback Energy (FANG) is expected to report a significant decline in quarterly earnings per share while experiencing a notable increase in revenues compared to the previous year [1]. Earnings Estimates - Wall Street analysts predict quarterly earnings of $2.63 per share, reflecting a decline of 41.8% year-over-year [1]. - The consensus EPS estimate has been adjusted upward by 6.8% over the past 30 days, indicating a reassessment of projections by analysts [2]. Revenue Projections - Total revenues are forecasted to be $3.37 billion, representing a year-over-year increase of 35.8% [1]. - Analysts estimate revenues from oil, natural gas, and natural gas liquids to reach $3.21 billion, indicating a change of +47.8% from the prior-year quarter [5]. - Oil sales revenues are projected at $2.73 billion, suggesting a +36.7% year-over-year change [5]. - Revenues from natural gas liquid sales are expected to reach $320.12 million, reflecting an increase of +87.2% year-over-year [5]. - Natural gas sales revenues are predicted to be $115.33 million, indicating a substantial year-over-year change of +2206.6% [6]. Production Metrics - Average daily production is expected to be 890,056 barrels of oil equivalent per day, up from 474,670 barrels in the same quarter last year [6]. - Total production volume is projected at 80,985 thousand barrels of oil equivalent, compared to 43,195 thousand barrels in the same quarter of the previous year [7]. - Total production volume for oil is estimated at 44,921 thousand barrels, up from 25,129 thousand barrels year-over-year [8]. - Total production volume for natural gas liquids is expected to be 18,364 thousand barrels, compared to 9,514 thousand barrels in the same quarter last year [9]. Price Estimates - Average prices for natural gas liquids are projected to be $18 per barrel, consistent with the previous year's figure [7][9]. - Average prices for oil are expected to reach $63 per barrel, down from $80 per barrel in the same quarter last year [10]. - Average prices for hedged natural gas liquids are estimated at $18 per barrel, unchanged from the previous year [7]. Market Performance - Diamondback shares have shown a return of +6.4% over the past month, outperforming the Zacks S&P 500 composite's +2.7% change [11].

Core 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]

Core Viewpoint - Analysts expect Diamondback Energy (FANG) to report quarterly earnings of $4.07 per share, reflecting a year-over-year decline of 9.6%, while revenues are projected to be $3.74 billion, an increase of 68.2% from the previous year [1] Revenue Estimates - Revenues from oil, natural gas, and natural gas liquids are anticipated to be $3.67 billion, indicating a year-over-year increase of 74.7% [4] - Oil sales revenues are expected to reach $3.03 billion, reflecting a year-over-year growth of 62.1% [4] - Natural gas liquid sales revenues are projected at $410.54 million, showing a significant year-over-year increase of 123.1% [4] - Natural gas sales revenues are estimated to be $243.41 million, representing a remarkable year-over-year change of 386.8% [5] Production Estimates - Average daily production is forecasted to be 855,303.90 BOE/D, compared to 461,110 BOE/D from the same quarter last year [5] - Total production volume for natural gas liquids is expected to be 17,430.23 MBBL, up from 8,653 MBBL in the same quarter last year [6] - Total production volume for oil is projected to reach 42,783.51 MBBL, compared to 24,874 MBBL reported in the same quarter last year [7] - Total production volume (combined volumes) is estimated at 76,894.90 MBOE, significantly higher than the year-ago figure of 41,961 MBOE [8] Price Estimates - Average prices for oil are expected to be $70.67 per barrel, down from $75.06 per barrel in the previous year [5] - Average prices for hedged oil are projected at $70.36 per barrel, compared to $74.13 per barrel last year [6] - Average prices for natural gas liquids are estimated at $23.27 per barrel, up from $21.26 per barrel in the same quarter of the previous year [7] - Average prices for hedged natural gas liquids are expected to be $22.61 per barrel, compared to $21.26 per barrel last year [8] Stock Performance - Over the past month, Diamondback shares have declined by 15.1%, while the Zacks S&P 500 composite has changed by -0.2% [8]