Filing Flows › Diamondback Energy (FANG) › Guidance history
Diamondback Energy (FANG) guidance history: what it guided and what it reported
Diamondback Energy gave guidance in 12 earnings releases on file since Apr 30, 2024. Of 6 guided periods since reported, it met or beat its own guidance 5 times (83%). Tax rate: 5 of 6, on average -1.1 pts against the guided midpoint. Its releases raised guidance 6 times and lowered it 3 times.
Tax rate
Met or beat 5 of 6 periods (1 above, 1 within, 4 below).
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| Q4 2026 | 23.0% (Nov 2, 2026) | — | to be reported | — |
| Q3 2026 | 23.0% (Aug 3, 2026) | 22.1% | below the range | -0.9 pts |
| Q2 2026 | 23.0% (May 4, 2026) | 22.0% | below the range | -1.0 pts |
| Q1 2026 | 23.0% (Feb 23, 2026) | 18.2% | below the range | -4.8 pts |
| Q4 2025 | 23.0% (Nov 3, 2025) | — | — | — |
| Q3 2025 | 15.0%–18.0% (Aug 4, 2025) | 20.9% | above the range | +4.5 pts |
| Q2 2025 | 19.0%–22.0% (May 5, 2025) | 21.6% | within the range | +1.1 pts |
| FY2024 | 23.0% (Aug 5, 2024) | 17.8% | below the range | -5.2 pts |
| Q4 2024 | 23.0% (Nov 4, 2024) | — | — | — |
| Q2 2024 | 23.0% (Apr 30, 2024) | — | — | — |
Capital expenditures
The GAAP figure from the filings is shown for each period reported; it is not judged against the guide, which may leave items out (one-off payments, acquisitions).
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| Q4 2026 | $1.0B–$1.1B (Nov 2, 2026) | — | to be reported | — |
| Q3 2026 | $950M–$1.1B (Aug 3, 2026) | $1.2B (GAAP) | not judged | — |
| Q2 2026 | $925M–$1.0B (May 4, 2026) | $996M (GAAP) | not judged | — |
| Q1 2026 | $900M–$975M (Feb 23, 2026) | $933M (GAAP) | not judged | — |
| FY2026 | $3.6B–$3.9B (Feb 23, 2026) → raised $3.9B (Aug 3, 2026) → raised $4.0B–$4.0B (Nov 2, 2026) | — | to be reported | — |
| Q4 2025 | $875M–$975M (Nov 3, 2025) | $943M (GAAP) | not judged | — |
| Q3 2025 | $750M–$850M (Aug 4, 2025) | $1.5B (GAAP) | not judged | — |
| Q2 2025 | $800M–$900M (May 5, 2025) | $3.1B (GAAP) | not judged | — |
| Q1 2025 | $900M–$1.0B (Feb 24, 2025) | $942M (GAAP) | not judged | — |
| FY2025 | $3.8B–$4.2B (Feb 24, 2025) → lowered $3.4B–$3.8B (May 5, 2025) → lowered $3.4B–$3.6B (Aug 4, 2025) | $5.9B (GAAP) | not judged | — |
The latest quarter
Diamondback Energy, Q3 2026: revenue $5.4B (+38% year over year), operating margin 46.0%, net earnings $1.6B, operating cash flow $2.6B. The chart follows the revenue to costs, profit and cash.
Questions
Does Diamondback Energy beat its guidance?
Diamondback Energy gave guidance in 12 earnings releases on file since Apr 30, 2024. Of 6 guided periods since reported, it met or beat its own guidance 5 times (83%). Tax rate: 5 of 6, on average -1.1 pts against the guided midpoint.
How often does Diamondback Energy raise guidance?
Its earnings releases raised guidance 6 times and lowered it 3 times since Apr 30, 2024.
Each guided period is held to the last guidance given before its figures were reported; a single figure counts as in line within 1% (0.25 pts for a rate). Reported figures are GAAP, from the company's filings; adjusted guidance shows its moves only.