---
title: "What To Expect From Diamondback Energy’s (FANG) Q2 Earnings"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/294594050.md"
description: "Diamondback Energy (FANG) reports Q2 earnings after market hours. Last quarter, the company beat revenue, EPS, and EBITDA estimates, with oil production up 9.5% YoY. For Q2, analysts expect 33.2% revenue growth. Peers like Cactus and World Kinect recently exceeded expectations, boosting sector sentiment. FANG shares are up 18.6% over the last month, trading below an average analyst price target of $230.32."
datetime: "2026-08-02T03:10:36.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/294594050.md)
  - [en](https://longbridge.com/en/news/294594050.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/294594050.md)
generator: "portal-rs"
---

# What To Expect From Diamondback Energy’s (FANG) Q2 Earnings

Oil and gas producer Diamondback Energy will be reporting earnings this Monday after market hours. Here’s what you need to know.

Diamondback Energy beat analysts’ revenue expectations last quarter, reporting revenues of $4.24 billion, up 4.7% year on year. It was an exceptional quarter for the company, with a beat of analysts’ EPS estimates and a solid beat of analysts’ EBITDA estimates. It reported year-on-year oil production growth of 9.5%.

Is Diamondback Energy a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, the market is expecting Diamondback Energy’s revenue to grow 33.2% year on year, slowing from the 48.1% increase it recorded in the same quarter last year.

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. Diamondback Energy has a history of exceeding Wall Street’s expectations.

Looking at Diamondback Energy’s peers in the upstream & integrated segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Cactus delivered year-on-year revenue growth of 64.3%, beating analysts’ expectations by 12.3%, and World Kinect reported revenues up 50.3%, topping estimates by 27.7%. Cactus traded up 18.5% following the results while World Kinect was also up 5.2%.

Read our full analysis of Cactus’s results here and World Kinect’s results here.

There has been positive sentiment among investors in the upstream & integrated segment, with share prices up 7% on average over the last month. Diamondback Energy is up 18.6% during the same time and is heading into earnings with an average analyst price target of $230.32 (compared to the current share price of $204.63).

**WHILE YOU’RE HERE: The Next Palantir?** One satellite company captures images of every point on Earth. Every single day. The Pentagon wants it. Hedge funds are using it to beat earnings. You’ve probably never heard of it.

This is what the early days of Palantir looked like before it became a giant. Same playbook. Different technology. If you missed Palantir, you need to see this.

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## Related News & Research

- [Diamondback Energy (FANG), What Is Behind The Fresh Attention?](https://longbridge.com/en/news/297229971.md)
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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**