Diamondback Energy (FANG)
Energy · Independent oil and gas exploration and production
Independent oil and gas producer with a large, oil-weighted reserve base focused on the Permian Basin's Midland and Delaware basins.
What Diamondback Energy does
Diamondback Energy is an independent oil and natural gas company engaged in the acquisition, development, and production of crude oil, natural gas, and natural gas liquids in the Permian Basin and other regions. The company owns and operates proved properties and maintains an inventory of identified economic drilling locations for long-term production and reserves growth. Its operations are primarily concentrated in the Midland Basin and Delaware Basin, with a portfolio generating oil, natural gas, and natural gas liquids from both proved developed and proved undeveloped reserves.
Themes: ["Permian Basin","Oil & gas production","Upstream energy","Horizontal drilling","Oil-weighted portfolio","Energy commodity price exposure"]
Fundamentals
- Price$182.00 as of 2026-07-09 close
- Market cap$52.5B as of 2026-07-10
- 1-year return+28.1% as of 2026-07-09 close
- P/E184.83 as of 2026-07-10
- Net margin+1.9% as of 2026-07-10
- Gross margin+67.8% as of 2026-07-10
- ROE+0.8% as of 2026-07-10
- Debt / equity0.38 as of 2026-07-10
- Revenue growth (YoY)+18.1% as of 2026-07-10
- Revenue CAGR (3y)+15.9% SEC XBRL
- Beta0.45 as of 2026-07-10
Dividend: yield +2.4%; 1-year non-decreasing per-share dividend streak (SEC XBRL).
Key risks (from latest filing)
["Commodity price volatility: Revenue highly dependent on crude oil, natural gas, and NGL prices; a decline in commodity prices would significantly reduce revenues and profitability","Reserve estimation uncertainty and impairment risk: Large impairment charge ($1,400M in Q1 2026) indicates proved property valuations are subject to significant downside risk from price declines or reserve reassessments","Capital-intensive operations and debt: The company carries substantial long-term debt ($13.1B as of Q1 2026) requiring ongoing capital expenditures ($933M in Q1 2026 alone) to maintain and grow production"]
Competitors & peers
- EOG Resources
- Pioneer Natural Resources
- Parsley Energy
- Callon Petroleum
- Continental Resources
- Devon Energy
- Onshore Oil & Gas Exploration and Production
Fundamentals: Finnhub, as of 2026-07-10. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-07-09.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & Finnhub, shown with their as-of date.