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EOG Resources vs Diamondback Energy: EOG and FANG compared
EOG Resources is the larger company: $8.5B of revenue in its latest quarter (Q3 2026) against $5.4B for Diamondback Energy (Q3 2026). EOG Resources is growing faster (+46% against +38% a year earlier). Diamondback Energy is more profitable, with an operating margin of 46.0% against 41.9%.
Where the money goes: EOG and FANG
EOG Resources (EOG) · Q3 2026
EOG Resources, Q3 2026: revenue $8.5B (+46% year over year), operating margin 41.9%, net earnings $2.8B, operating cash flow $3.8B. The chart follows the revenue to costs, profit and cash.
Diamondback Energy (FANG) · Q3 2026
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.
| EOG Resources (EOG) | Diamondback Energy (FANG) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $8.5B | $5.4B |
| Revenue growth, Y/Y | +46% | +38% |
| Operating margin | 41.9% | 46.0% |
| Net earnings | $2.8B | $1.6B |
| Net margin | 32.5% | 29.5% |
| Operating cash flow | $3.8B | $2.6B |
| Free cash flow | $2.3B | $1.4B |
| Market value | $75.6B | $50.3B |
| P/E | 9.2× | 24.2× |
| Analysts’ mean target | $167.45 | $238.73 |
Where the revenue comes from
EOG Resources
- United States: $8.4B (99%)
- Trinidad: $113M (1%)
Questions
Which is bigger, EOG Resources or Diamondback Energy?
EOG Resources is the larger company: $8.5B of revenue in its latest quarter (Q3 2026) against $5.4B for Diamondback Energy (Q3 2026).
Is EOG Resources or Diamondback Energy growing faster?
EOG Resources is growing faster (+46% against +38% a year earlier).
Which is more profitable, EOG Resources or Diamondback Energy?
Diamondback Energy is more profitable, with an operating margin of 46.0% against 41.9%.
More: EOG Resources earnings · how EOG Resources makes money · Diamondback Energy earnings · how Diamondback Energy makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 5, 2026; 10-Q filed Nov 4, 2026). Fiscal quarters can end on different dates. Not investment advice.