Filing Flows › Diamondback Energy (FANG) › Q3 2026 › vs Q2 2026
Diamondback Energy (FANG) Q3 2026 vs Q2 2026 (quarter over quarter)
Diamondback Energy's revenue fell $131M (-2%) from $5.6B in Q2 2026 to $5.4B in Q3 2026. Operating margin 46.0% against 45.2% (+0.9 pts).
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 draws each line against Q2 2026, the increases inside each band.
Margins
| Q3 2026 | Q2 2026 | Change | |
|---|---|---|---|
| Operating margin | 46.0% | 45.2% | +0.9 pts |
| Net margin | 29.5% | 33.8% | -4.3 pts |
| Free cash flow margin | 26.6% | 46.6% | -20.1 pts |
Every line
| Line | Q3 2026 | Q2 2026 | Change | % |
|---|---|---|---|---|
| Revenue | $5.4B | $5.6B | −$131M | -2% |
| Operating profit | $2.5B | $2.5B | −$12.0M | -0.5% |
| Costs & expenses | $2.9B | $3.0B | −$119M | -4% |
| Pre-tax earnings | $2.3B | $2.6B | −$363M | -14% |
| Other expense, net | $228M | −$123M | $351M | — |
| SG&A | $83.0M | $72.0M | $11.0M | +15% |
| Other operating costs | $2.8B | $3.0B | −$130M | -4% |
| Net earnings | $1.6B | $1.9B | −$279M | -15% |
| Minority interests | $168M | $173M | −$5.0M | -3% |
| Income tax | $501M | $580M | −$79.0M | -14% |
| Depreciation & amortization | $1.3B | $1.3B | $48.0M | +4% |
| Working capital & other | $324M | −$435M | $759M | — |
| Operating cash flow | $2.6B | $3.6B | −$990M | -28% |
| Free cash flow (OCF − capex) | $1.4B | $2.6B | −$1.2B | -44% |
| Capital expenditures | $1.2B | $996M | $161M | +16% |
Questions
How much did Diamondback Energy's revenue grow quarter over quarter in Q3 2026?
Diamondback Energy's revenue fell $131M (-2%) from $5.6B in Q2 2026 to $5.4B in Q3 2026. Operating margin 46.0% against 45.2% (+0.9 pts).