Earnings Data
Report Date
Aug 03, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
5Last Year’s EPS
2.16Same Quarter Last Year
Strong Buy
Based on 22 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveys a constructive and proactive tone: Diamondback is pivoting to measured growth (adding rigs and a fifth frac crew) in response to a supportive macro environment while demonstrating operational execution (Q1 production beat, completion uplifts, and drilling cost improvements). The company is prioritizing capital efficiency and balance sheet repair—net debt targets brought forward, dividend increased, and a disciplined buyback posture—while acknowledging near-term risks from negative Waha differentials, market volatility, and potential service capacity constraints. Overall, the positives around production, cost improvement, cash generation, and balance-sheet optionality materially outweigh the operational and macro headwinds.Company Guidance
Move to Growth (Green-Light Framework)
Added 2–3 rigs and reinstated a fifth completion crew to accelerate production; net to Diamondback ~1.5 net rigs. Acceleration focused on Barnett development to capture high-return inventory and drive near-term oil growth.
Strong Q1 Production and Well Performance
Reported a production beat in Q1 with oil around ~520,000 bbl/d and guidance of 520k+ bbl/d as the new baseline. Outperformance attributed to improved completion designs, lower downtime, automation/AI, and production workovers.
Surfactant and Completions Uplifts
Surfactant tests (≈50 wells) averaged ≈100 bbl/d uplift on average, with several wells seeing 400–500 bbl/d gains, indicating material upside from completion optimization and ongoing deployment.
Improving Drilling Cost and Capital Efficiency
Wolfcamp D drilling goal reduced from $360/ft to $300/ft (a $60/ft, ~16.7% improvement) and Barnett wells drilled under $400/ft against an $800/well cost target. Team setting records on multi-mile laterals and driving above-ground and subsurface efficiency gains.
Lower Reinvestment Rate
Reinvestment rate fell from 44% to 34% at the current strip (10 percentage point decrease; ≈22.7% relative reduction), increasing free cash flow per share and financial optionality.
Balance Sheet Progress and Liability Management
Pro forma net debt down to $12.7B with a goal to reach $10B earlier than prior 12–18 month target (potentially within months). Plan to build cash into Q4, call $750M 2026 notes, and consider further liability management for maturities before 2030.
Return of Capital Commitment
Maintained fixed return-of-capital framework, modestly bumped the dividend, and signaled potential moderation of buybacks while preserving flexibility. Historical buybacks: 42M shares for $6B (~$148/share) demonstrating strong buyback execution.
Crude Marketing and Takeaway Positioning
Strong crude takeaway/marketing: ~300k bbl/d to Corpus Christi (EPIC/Gray Oak) and ~100k bbl/d via Wink to Webster, with some dated Brent exposure—helping realize stronger realized crude pricing in Q1.
CH:7DB Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
FAQ
When does Diamondback Energy (CH:7DB) report earnings?
Diamondback Energy (CH:7DB) is schdueled to report earning on Aug 03, 2026, After Close (Confirmed).
What is Diamondback Energy (CH:7DB) earnings time?
Diamondback Energy (CH:7DB) earnings time is at Aug 03, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is the P/E ratio of Diamondback Energy stock?
The P/E ratio of Diamondback is N/A.
What is CH:7DB EPS forecast?
CH:7DB EPS forecast for the fiscal quarter 2026 (Q2) is 5.
