Diamondback Energy (FANG)
Market Price (4/22/2026): $189.05 | Market Cap: $54.0 BilSector: Energy | Industry: Oil & Gas Exploration & Production
Diamondback Energy (FANG)
Market Price (4/22/2026): $189.05Market Cap: $54.0 BilSector: EnergyIndustry: Oil & Gas Exploration & Production
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 5.2%, Dividend Yield is 2.1% Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 35% Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 59%, CFO LTM is 8.8 Bil Stock buyback supportStock Buyback 3Y Total is 3.8 Bil Low stock price volatilityVol 12M is 31% Megatrend and thematic driversMegatrends include US Energy Independence, and Energy Transition & Decarbonization. Themes include US Oilfield Technologies, and Carbon Capture & Storage. | Weak multi-year price returns2Y Excs Rtn is -41%, 3Y Excs Rtn is -26% | Expensive valuation multiplesP/EBITPrice/EBIT or Price/(Operating Income) ratio is 25x Weak revenue growthRev Chg QQuarterly Revenue Change % is -9.6% Not cash flow generativeFCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -4.7% Key risksFANG key risks include [1] declining well productivity and rising operating costs as its high-quality acreage is depleted. |
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 5.2%, Dividend Yield is 2.1% |
| Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 35% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 59%, CFO LTM is 8.8 Bil |
| Stock buyback supportStock Buyback 3Y Total is 3.8 Bil |
| Low stock price volatilityVol 12M is 31% |
| Megatrend and thematic driversMegatrends include US Energy Independence, and Energy Transition & Decarbonization. Themes include US Oilfield Technologies, and Carbon Capture & Storage. |
| Weak multi-year price returns2Y Excs Rtn is -41%, 3Y Excs Rtn is -26% |
| Expensive valuation multiplesP/EBITPrice/EBIT or Price/(Operating Income) ratio is 25x |
| Weak revenue growthRev Chg QQuarterly Revenue Change % is -9.6% |
| Not cash flow generativeFCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -4.7% |
| Key risksFANG key risks include [1] declining well productivity and rising operating costs as its high-quality acreage is depleted. |
Qualitative Assessment
AI Analysis | Feedback
1. A significant surge in crude oil prices provided a strong macroeconomic tailwind for Diamondback Energy. Brent crude prices dramatically increased from approximately $61 per barrel at the start of 2026 to $118 per barrel by the end of the first quarter, driven by escalating geopolitical tensions in the Middle East and disruptions to shipping through the Strait of Hormuz. This sharp increase in commodity prices directly benefited Diamondback Energy, leading to higher realized prices for its oil production. The U.S. Energy Information Administration (EIA) revised its 2026 Brent oil price forecast to an average of $96 per barrel, a notable increase from its January estimate of $66 per barrel.
2. Robust analyst sentiment and upward revisions to earnings forecasts bolstered investor confidence. Multiple financial analysts maintained or upgraded their ratings to "Buy" or "Strong Buy" for Diamondback Energy, with a consensus price target averaging $214.71, predicting a 13.12% upside over the next year. Notably, KeyCorp significantly raised its first-quarter 2026 earnings per share (EPS) estimates for FANG from $3.02 to $3.70 and its full-year 2026 EPS forecast to $20.74, considerably higher than the street consensus of approximately $15.49. Zacks Research also increased its Q4 2026 EPS estimates to $2.49 from $2.34.
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Stock Movement Drivers
Fundamental Drivers
The 27.0% change in FANG stock from 12/31/2025 to 4/21/2026 was primarily driven by a 216.9% change in the company's P/E Multiple.| (LTM values as of) | 12312025 | 4212026 | Change |
|---|---|---|---|
| Stock Price ($) | 149.44 | 189.80 | 27.0% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 15,284 | 14,929 | -2.3% |
| Net Income Margin (%) | 27.5% | 11.1% | -59.4% |
| P/E Multiple | 10.3 | 32.6 | 216.9% |
| Shares Outstanding (Mil) | 289 | 286 | 1.1% |
| Cumulative Contribution | 27.0% |
Market Drivers
12/31/2025 to 4/21/2026| Return | Correlation | |
|---|---|---|
| FANG | 27.0% | |
| Market (SPY) | -5.4% | -7.2% |
| Sector (XLE) | 25.0% | 69.8% |
Fundamental Drivers
The 34.3% change in FANG stock from 9/30/2025 to 4/21/2026 was primarily driven by a 203.0% change in the company's P/E Multiple.| (LTM values as of) | 9302025 | 4212026 | Change |
|---|---|---|---|
| Stock Price ($) | 141.28 | 189.80 | 34.3% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 14,014 | 14,929 | 6.5% |
| Net Income Margin (%) | 27.4% | 11.1% | -59.3% |
| P/E Multiple | 10.8 | 32.6 | 203.0% |
| Shares Outstanding (Mil) | 292 | 286 | 2.2% |
| Cumulative Contribution | 34.3% |
Market Drivers
9/30/2025 to 4/21/2026| Return | Correlation | |
|---|---|---|
| FANG | 34.3% | |
| Market (SPY) | -2.9% | 4.1% |
| Sector (XLE) | 26.1% | 74.5% |
Fundamental Drivers
The 22.0% change in FANG stock from 3/31/2025 to 4/21/2026 was primarily driven by a 139.1% change in the company's P/E Multiple.| (LTM values as of) | 3312025 | 4212026 | Change |
|---|---|---|---|
| Stock Price ($) | 155.63 | 189.80 | 22.0% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 11,023 | 14,929 | 35.4% |
| Net Income Margin (%) | 30.3% | 11.1% | -63.2% |
| P/E Multiple | 13.6 | 32.6 | 139.1% |
| Shares Outstanding (Mil) | 292 | 286 | 2.3% |
| Cumulative Contribution | 22.0% |
Market Drivers
3/31/2025 to 4/21/2026| Return | Correlation | |
|---|---|---|
| FANG | 22.0% | |
| Market (SPY) | 16.3% | 51.5% |
| Sector (XLE) | 22.6% | 87.0% |
Fundamental Drivers
The 56.8% change in FANG stock from 3/31/2023 to 4/21/2026 was primarily driven by a 565.0% change in the company's P/E Multiple.| (LTM values as of) | 3312023 | 4212026 | Change |
|---|---|---|---|
| Stock Price ($) | 121.01 | 189.80 | 56.8% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 9,566 | 14,929 | 56.1% |
| Net Income Margin (%) | 45.8% | 11.1% | -75.7% |
| P/E Multiple | 4.9 | 32.6 | 565.0% |
| Shares Outstanding (Mil) | 178 | 286 | -37.8% |
| Cumulative Contribution | 56.8% |
Market Drivers
3/31/2023 to 4/21/2026| Return | Correlation | |
|---|---|---|
| FANG | 56.8% | |
| Market (SPY) | 63.3% | 39.5% |
| Sector (XLE) | 47.8% | 84.3% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| FANG Return | 128% | 35% | 20% | 10% | -6% | 23% | 371% |
| Peers Return | 109% | 46% | -7% | 7% | -9% | 18% | 225% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 4% | 89% |
Monthly Win Rates [3] | |||||||
| FANG Win Rate | 83% | 50% | 67% | 67% | 67% | 75% | |
| Peers Win Rate | 75% | 65% | 48% | 50% | 52% | 70% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
Max Drawdowns [4] | |||||||
| FANG Max Drawdown | 0% | 0% | -8% | -4% | -27% | -7% | |
| Peers Max Drawdown | -1% | -2% | -21% | -14% | -18% | -5% | |
| S&P 500 Max Drawdown | -1% | -25% | -1% | -2% | -15% | -7% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: EOG, OKE, DVN, EPM, FTW. See FANG Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 4/21/2026 (YTD)
How Low Can It Go
| Event | FANG | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -33.5% | -25.4% |
| % Gain to Breakeven | 50.3% | 34.1% |
| Time to Breakeven | 113 days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -83.9% | -33.9% |
| % Gain to Breakeven | 519.7% | 51.3% |
| Time to Breakeven | 470 days | 148 days |
| 2018 Correction | ||
| % Loss | -47.0% | -19.8% |
| % Gain to Breakeven | 88.6% | 24.7% |
| Time to Breakeven | 855 days | 120 days |
Compare to EOG, OKE, DVN, EPM, FTW
In The Past
Diamondback Energy's stock fell -33.5% during the 2022 Inflation Shock from a high on 6/7/2022. A -33.5% loss requires a 50.3% gain to breakeven.
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About Diamondback Energy (FANG)
AI Analysis | Feedback
AI Analysis | Feedback
- Crude Oil: The company explores for, develops, and produces crude oil from its unconventional reserves in the Permian Basin for sale.
- Natural Gas: The company explores for, develops, and produces natural gas from its unconventional reserves in the Permian Basin for sale.
- Midstream Infrastructure Services: The company owns and operates gathering pipelines for crude oil and natural gas, along with an integrated water system, supporting its operations and potentially third-party activities.
AI Analysis | Feedback
Diamondback Energy (FANG) is an independent oil and natural gas company focused on exploration and production. As such, it sells its commodities (crude oil, natural gas, and natural gas liquids) primarily to other companies in the energy sector, rather than to individuals. Based on its financial disclosures, Diamondback Energy has identified the following as major customers:- Phillips 66 (NYSE: PSX)
- Energy Transfer LP (NYSE: ET)
AI Analysis | Feedback
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Kaes Van't Hof, Chief Executive Officer and Director
Kaes Van't Hof has served as the Chief Executive Officer and a director of Diamondback Energy since May 2025. Prior to this, he held several key positions within the company, including President (February 2025 to May 2025), President and Chief Financial Officer (February 2022 to February 2025), Chief Financial Officer and Executive Vice President of Business Development (February 2019 to February 2022), Senior Vice President of Strategy and Corporate Development (January 2017 to February 2019), and Vice President of Strategy and Corporate Development since joining Diamondback in July 2016. Before joining Diamondback, Mr. Van't Hof was the Chief Executive Officer for Bison Drilling and Field Services from September 2012 to June 2016. He also worked as an analyst for Wexford Capital, LP from August 2011 to August 2012, where he was involved in developing operating models and business plans, including for Diamondback's initial public offering. His career began at Citigroup Global Markets, Inc. in the Investment Banking - Financial Institutions Group from February 2010 to July 2011.
Jere Thompson, Executive Vice President and Chief Financial Officer
Jere Thompson serves as the Executive Vice President and Chief Financial Officer of Diamondback Energy. He was promoted to this role in February 2024, expanding his responsibilities to include investor relations and finance groups, in addition to his previous duties in business and corporate development. Before his promotion, he was the Senior Vice President of Strategy and Corporate Development. Mr. Thompson's experience also includes various roles in the energy group at Amegy Bank from June 2010 to July 2012. He holds a Bachelor of Business Administration degree in Finance and a Bachelor of Arts degree in History from the University of Texas at Austin.
Travis Stice, Executive Chairman of the Board
Travis Stice has served as the Executive Chairman of the Board of Diamondback Energy since May 2025. Prior to this, he was the Chairman of the Board since February 2022 and the Chief Executive Officer from January 2012 until May 2025. He has been a director of Diamondback since November 2012. Mr. Stice is recognized as having founded what is now Diamondback Energy, leading it from a small, private-equity-backed firm. His extensive career includes serving as President and Chief Operating Officer of Diamondback from April 2011 to January 2012. Before joining Diamondback, he was Production Manager at Apache Corporation from November 2010 to April 2011, and Vice President of Laredo Petroleum Holdings, Inc. from September 2008 to September 2010. He also held the position of Development Manager at ConocoPhillips/Burlington Resources Mid Continent Business Unit from April 2006 to August 2008, and numerous roles of increasing responsibility at Burlington Resources starting in 1990 before its acquisition by ConocoPhillips in March 2006. He began his career with Mobil Oil in 1985.
Danny Wesson, Executive Vice President and Chief Operating Officer
Danny Wesson has been the Executive Vice President and Chief Operating Officer of Diamondback Energy since February 2022. His tenure at Diamondback includes serving as Executive Vice President of Operations from March 2020 to February 2022, Senior Vice President of Operations from February 2019 to March 2020, Vice President of Operations from April 2017 to February 2019, Completions Manager from January 2013 to April 2017, and Operations Engineer since joining the company in February 2012. Before his time at Diamondback, Mr. Wesson held various operations and engineering roles at BOPCO from 2010 to 2012 and ConocoPhillips from 2007 to 2010.
Matt Zmigrosky, Executive Vice President, Chief Legal and Administrative Officer and Secretary
Matt Zmigrosky holds the position of Executive Vice President, Chief Legal and Administrative Officer and Secretary at Diamondback Energy.
AI Analysis | Feedback
The key risks to Diamondback Energy (FANG) primarily stem from the inherent volatility of the oil and natural gas industry and the specific operational and regulatory challenges within its core operating region, the Permian Basin.
- Commodity Price Volatility: As a pure-play Permian producer, Diamondback Energy's financial performance, including revenue, cash flows, and profitability, is highly sensitive to fluctuations in the prices of crude oil and natural gas. A sustained drop in these commodity prices could significantly challenge the company's ability to fund its capital programs, share buyback initiatives, and dividend payments.
- Operational and Environmental Risks in the Permian Basin: The company faces significant operational hazards inherent in drilling and production, such as the risk of oil spills and leaks, which can have severe environmental consequences and necessitate strict protocols and rapid response capabilities. A particularly growing concern in the Permian Basin is the widespread increase in underground pressure due to wastewater disposal from shale oil wells. This situation threatens crude output, the environment through potential toxic leaks and contamination of water sources, and may lead to new regulatory restrictions that could increase Diamondback Energy's costs for wastewater transportation, recycling, or purification. Additionally, the industry is facing a diminishing supply of prime drilling locations, which could impact future production growth.
- Regulatory and Policy Changes related to Energy Transition: The global shift towards a low-carbon economy and evolving environmental, social, and governance (ESG) factors pose a long-term threat. New regulations and policies aimed at reducing carbon emissions, as well as federal and state legislative initiatives concerning hydraulic fracturing, could impose additional operational costs, require substantial investments in cleaner technologies, and create uncertainties that impact the company's business and reputation.
AI Analysis | Feedback
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AI Analysis | Feedback
Diamondback Energy, Inc. (FANG) operates within the Permian Basin, focusing on crude oil and natural gas production, and also owns midstream infrastructure assets. The addressable market sizes for its main products and services in this region are substantial. For crude oil, production in the Permian Basin is projected to reach 6.54 million barrels per day (b/d) in 2025 and is forecast to increase to 6.6 million b/d to 6.9 million b/d in 2026. This region is expected to account for over 50% of all U.S. crude oil production in 2026. In 2024, the Permian Basin contributed 48% of the total U.S. crude oil production, which averaged 13.2 million b/d. All of the growth in U.S. crude oil production since 2020 has come from the Permian Basin. Regarding natural gas, the Permian Basin's marketed natural gas production averaged 27.7 billion cubic feet per day (Bcf/d) in 2025, representing 23% of the total U.S. marketed gas production. Forecasts indicate that marketed natural gas production in the Permian is expected to reach 25.8 Bcf/d in 2026. Looking further ahead, the Permian's dry gas output is projected to increase to approximately 40 Bcf/d by 2050. The midstream water market in the U.S. for oil and gas is projected to total US$156 billion between 2025 and 2030, averaging over US$26 billion annually. The Permian Basin is a dominant force in this sector, expected to account for US$101.8 billion of this spending through 2030, which is nearly two-thirds of the total U.S. market value. The broader U.S. oil and gas midstream market was valued at US$17.10 billion in 2025 and is estimated to grow to US$21.08 billion by 2031, at a compound annual growth rate (CAGR) of 3.55%. Within this, crude oil transport held a 37.35% share of the U.S. oil and gas midstream market size in 2025, and LNG services are forecast to grow at a 6.28% CAGR to 2031. Midstream companies are also adding at least 2.9 Bcf/d of new natural gas processing capacity in the Permian Basin.AI Analysis | Feedback
Diamondback Energy (FANG) is expected to drive future revenue growth over the next 2-3 years through several key strategies:
- Organic Production Growth through Permian Basin Development: Diamondback Energy is shifting its focus towards organic growth by further developing its extensive acreage in the Permian Basin. The company aims for production per share growth in 2026 and anticipates increased average daily production in the coming years. This growth is supported by ongoing improvements in drilling and completion execution, including efforts to increase the average lateral lengths of wells.
- Realizing Benefits from Strategic Acquisitions: The company's recent strategic acquisitions, particularly the integration of Endeavor Energy, are expected to contribute to revenue growth. These acquisitions have significantly expanded Diamondback's asset base and operational footprint, making it one of the largest pure-play Permian producers. The integration efforts have already led to improved operational efficiency, such as reducing the number of rigs needed for drilling, and are enhancing the quality and value of its Midland Basin position.
- Enhanced Operational Efficiency and Cost Discipline: Diamondback Energy continues to emphasize technological advancements in drilling and production to boost operational efficiency and resource recovery. Management highlights ongoing improvements in drilling and completion execution, alongside efforts to lower well costs. These efficiencies contribute to stronger margins and a more predictable return path, supporting revenue growth even in varying commodity price environments.
- Exploration and Development of New Inventory (e.g., Barnett/Woodford Shales): The company is allocating capital towards the exploration and development of new intervals, such as the Barnett and Woodford shales, within its existing acreage. These zones have demonstrated higher oil productivity, and a ramp-up in drilling activity in the Barnett is anticipated, with production potentially increasing significantly by 2027. This strategy aims to replenish and grow Diamondback's long-term drilling inventory.
- Optimizing Natural Gas Marketing and Reducing Waha Exposure: Diamondback Energy is actively working to reduce its exposure to the volatile Waha natural gas pricing. By decreasing its reliance on Waha pricing from over 70% to approximately 40% by the end of 2026, the company expects to secure better prices for its natural gas and liquids. This optimization of gas marketing is anticipated to positively impact returns and, consequently, revenue in the 2027 and beyond timeframe.
AI Analysis | Feedback
Share Repurchases
- Diamondback Energy repurchased $2.0 billion in shares for the full year 2025.
- In 2024, the company's annual share buybacks totaled $959 million.
- Diamondback had a remaining share repurchase authorization of approximately $2.7 billion under its $8 billion program as of December 1, 2025.
Outbound Investments
- Diamondback completed a $26 billion merger with Endeavor Energy Resources in September 2024, which significantly expanded its acreage position in the Permian Basin.
- In the fourth quarter of 2025, Diamondback generated approximately $1.2 billion from the sales of Environmental Disposal Systems (EDS) and its interest in the EPIC Crude pipeline.
Capital Expenditures
- Diamondback Energy's cash capital expenditures for the full year 2025 were $3.5 billion.
- For 2026, the company guided cash capital expenditures to be between $3.6 billion and $3.9 billion.
- These capital expenditures for 2026 include $100 million to $150 million dedicated to exploratory development in the Barnett and Woodford formations and projects aimed at increasing oil recovery.
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| Date | Ticker | Company | Category | Trade Strategy | 6M Fwd Rtn | 12M Fwd Rtn | 12M Max DD |
|---|---|---|---|---|---|---|---|
| 03312026 | KGS | Kodiak Gas Services | Insider | Insider Buys 45DStrong Insider BuyingCompanies with multiple insider buys in the last 45 days | 0.0% | 0.0% | 0.0% |
| 03312026 | KOS | Kosmos Energy | Insider | Insider Buys 45DStrong Insider BuyingCompanies with multiple insider buys in the last 45 days | 0.0% | 0.0% | 0.0% |
| 12262025 | TPL | Texas Pacific Land | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | 65.2% | 65.2% | -2.1% |
| 12122025 | NOV | NOV | Insider | Insider Buys | Low D/EStrong Insider BuyingCompanies with strong insider buying in the last 1 month, positive operating income and reasonable debt / market cap | 15.3% | 15.3% | -6.5% |
| 12122025 | RIG | Transocean | Insider | Insider Buys | Low D/EStrong Insider BuyingCompanies with strong insider buying in the last 1 month, positive operating income and reasonable debt / market cap | 60.5% | 60.5% | -7.0% |
| 12312018 | FANG | Diamondback Energy | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | 18.3% | 0.9% | -19.4% |
Research & Analysis
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 65.14 |
| Mkt Cap | 53.3 |
| Rev LTM | 16,058 |
| Op Inc LTM | 4,387 |
| FCF LTM | 1,222 |
| FCF 3Y Avg | 1,514 |
| CFO LTM | 6,155 |
| CFO 3Y Avg | 6,618 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 7.8% |
| Rev Chg 3Y Avg | -2.7% |
| Rev Chg Q | 0.1% |
| QoQ Delta Rev Chg LTM | 0.0% |
| Op Inc Chg LTM | -7.9% |
| Op Inc Chg 3Y Avg | -19.0% |
| Op Mgn LTM | 22.4% |
| Op Mgn 3Y Avg | 27.0% |
| QoQ Delta Op Mgn LTM | -1.3% |
| CFO/Rev LTM | 39.0% |
| CFO/Rev 3Y Avg | 41.1% |
| FCF/Rev LTM | 7.3% |
| FCF/Rev 3Y Avg | 9.3% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 53.3 |
| P/S | 1.6 |
| P/Op Inc | 9.8 |
| P/EBIT | 10.8 |
| P/E | 15.7 |
| P/CFO | 6.2 |
| Total Yield | 11.2% |
| Dividend Yield | 3.0% |
| FCF Yield 3Y Avg | 5.7% |
| D/E | 0.3 |
| Net D/E | 0.3 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | -5.7% |
| 3M Rtn | 21.0% |
| 6M Rtn | 26.8% |
| 12M Rtn | 17.6% |
| 3Y Rtn | 13.9% |
| 1M Excs Rtn | -14.2% |
| 3M Excs Rtn | 17.1% |
| 6M Excs Rtn | 21.4% |
| 12M Excs Rtn | -18.6% |
| 3Y Excs Rtn | -59.0% |
Comparison Analyses
Price Behavior
| Market Price | $189.80 | |
| Market Cap ($ Bil) | 54.2 | |
| First Trading Date | 10/12/2012 | |
| Distance from 52W High | -6.1% | |
| 50 Days | 200 Days | |
| DMA Price | $182.44 | $154.32 |
| DMA Trend | up | up |
| Distance from DMA | 4.0% | 23.0% |
| 3M | 1YR | |
| Volatility | 30.9% | 30.5% |
| Downside Capture | -0.35 | -0.10 |
| Upside Capture | 80.84 | 32.64 |
| Correlation (SPY) | -4.1% | 14.3% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | -0.55 | -0.32 | -0.17 | 0.09 | 1.07 | 0.84 |
| Up Beta | -2.95 | -0.56 | -0.34 | 0.10 | 1.14 | 0.97 |
| Down Beta | -0.96 | 0.12 | 0.68 | 0.76 | 1.83 | 1.36 |
| Up Capture | 118% | 35% | 28% | 26% | 41% | 23% |
| Bmk +ve Days | 7 | 16 | 27 | 65 | 139 | 424 |
| Stock +ve Days | 12 | 22 | 34 | 65 | 128 | 399 |
| Down Capture | -107% | -124% | -156% | -87% | 37% | 66% |
| Bmk -ve Days | 12 | 23 | 33 | 58 | 110 | 323 |
| Stock -ve Days | 10 | 20 | 29 | 61 | 124 | 351 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with FANG | |
|---|---|---|---|---|
| FANG | 41.9% | 30.7% | 1.15 | - |
| Sector ETF (XLE) | 40.8% | 20.0% | 1.60 | 79.2% |
| Equity (SPY) | 23.7% | 12.7% | 1.52 | 14.3% |
| Gold (GLD) | 41.4% | 27.5% | 1.25 | -3.7% |
| Commodities (DBC) | 22.4% | 16.2% | 1.25 | 56.4% |
| Real Estate (VNQ) | 14.2% | 13.8% | 0.72 | 8.4% |
| Bitcoin (BTCUSD) | -10.4% | 42.7% | -0.14 | 10.9% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with FANG | |
|---|---|---|---|---|
| FANG | 23.9% | 38.2% | 0.66 | - |
| Sector ETF (XLE) | 22.1% | 26.1% | 0.76 | 87.0% |
| Equity (SPY) | 10.8% | 17.1% | 0.49 | 39.2% |
| Gold (GLD) | 21.6% | 17.8% | 0.99 | 9.3% |
| Commodities (DBC) | 10.9% | 18.8% | 0.47 | 60.5% |
| Real Estate (VNQ) | 4.1% | 18.8% | 0.12 | 25.8% |
| Bitcoin (BTCUSD) | 3.8% | 56.4% | 0.29 | 13.6% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with FANG | |
|---|---|---|---|---|
| FANG | 11.6% | 48.9% | 0.42 | - |
| Sector ETF (XLE) | 10.0% | 29.5% | 0.38 | 83.3% |
| Equity (SPY) | 13.9% | 17.9% | 0.67 | 44.4% |
| Gold (GLD) | 13.7% | 15.9% | 0.71 | 2.1% |
| Commodities (DBC) | 8.2% | 17.6% | 0.39 | 55.5% |
| Real Estate (VNQ) | 5.4% | 20.7% | 0.23 | 33.6% |
| Bitcoin (BTCUSD) | 68.0% | 66.9% | 1.07 | 10.3% |
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Returns Analyses
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 2/23/2026 | -0.7% | 3.0% | 14.0% |
| 11/3/2025 | -1.3% | 2.4% | 13.7% |
| 8/4/2025 | -1.4% | -7.4% | -3.0% |
| 5/5/2025 | -0.8% | 7.4% | 5.4% |
| 2/24/2025 | -2.1% | -4.7% | 4.8% |
| 11/4/2024 | -2.3% | -0.4% | -4.4% |
| 8/5/2024 | 2.4% | 8.7% | 0.7% |
| 4/30/2024 | -2.5% | 1.3% | -0.9% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 13 | 16 | 14 |
| # Negative | 9 | 6 | 8 |
| Median Positive | 2.4% | 4.2% | 9.4% |
| Median Negative | -1.4% | -2.9% | -3.7% |
| Max Positive | 9.4% | 18.2% | 47.9% |
| Max Negative | -5.2% | -7.4% | -15.3% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 12/31/2025 | 02/25/2026 | 10-K |
| 09/30/2025 | 11/05/2025 | 10-Q |
| 06/30/2025 | 08/06/2025 | 10-Q |
| 03/31/2025 | 05/07/2025 | 10-Q |
| 12/31/2024 | 02/26/2025 | 10-K |
| 09/30/2024 | 11/07/2024 | 10-Q |
| 06/30/2024 | 08/07/2024 | 10-Q |
| 03/31/2024 | 05/02/2024 | 10-Q |
| 12/31/2023 | 02/22/2024 | 10-K |
| 09/30/2023 | 11/08/2023 | 10-Q |
| 06/30/2023 | 08/03/2023 | 10-Q |
| 03/31/2023 | 05/03/2023 | 10-Q |
| 12/31/2022 | 02/23/2023 | 10-K |
| 09/30/2022 | 11/08/2022 | 10-Q |
| 06/30/2022 | 08/03/2022 | 10-Q |
| 03/31/2022 | 05/05/2022 | 10-Q |
Recent Forward Guidance [BETA]
Latest: Q4 2025 Earnings Reported 2/23/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q1 2026 Oil Production | 0.50 Mil | 0.51 Mil | 0.51 Mil | -0.6% | Lowered | Guidance: 0.51 Mil for Q4 2025 | |
| Q1 2026 Capital Expenditures | 900.00 Mil | 937.50 Mil | 975.00 Mil | 1.4% | Raised | Guidance: 925.00 Mil for Q4 2025 | |
| 2026 Oil Production | 0.50 Mil | 0.51 Mil | 0.51 Mil | 1.7% | Raised | Guidance: 0.50 Mil for 2025 | |
| 2026 Capital Expenditures | 3.60 Bil | 3.75 Bil | 3.90 Bil | 7.1% | Raised | Guidance: 3.50 Bil for 2025 | |
Prior: Q3 2025 Earnings Reported 11/3/2025
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q4 2025 Oil Production | 0.51 Mil | 0.51 Mil | 0.52 Mil | 4.1% | Higher New | Guidance: 0.49 Mil for Q3 2025 | |
| Q4 2025 Capital Expenditures | 875.00 Mil | 925.00 Mil | 975.00 Mil | 15.6% | Higher New | Guidance: 800.00 Mil for Q3 2025 | |
| 2025 Oil Production | 0.49 Mil | 0.50 Mil | 0.50 Mil | 1.6% | Raised | Guidance: 0.49 Mil for 2025 | |
| 2025 Net Production | 0.91 Mil | 0.92 Mil | 0.92 Mil | 1.7% | Raised | Guidance: 0.90 Mil for 2025 | |
| 2025 Capital Expenditures | 3.45 Bil | 3.50 Bil | 3.55 Bil | 0 | Affirmed | Guidance: 3.50 Bil for 2025 | |
Insider Activity
Expand for More| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Meloy, Charles Alvin | Wolfrock Energy, LLC | Sell | 12102025 | 160.13 | 53 | 8,487 | 167,306,735 | Form | |
| 2 | Meloy, Charles Alvin | Wolfrock Energy, LLC | Sell | 12082025 | 138.61 | 377,911 | 52,382,244 | 144,828,599 | Form | |
| 3 | Sgf, Fang Holdings, Lp | Direct | Sell | 12022025 | 152.59 | 2,000,000 | 305,180,000 | 15,211,197,673 | Form | |
| 4 | Wesson, Daniel N | Exec. VP & COO | Direct | Sell | 12012025 | 149.24 | 4,000 | 596,948 | 11,956,413 | Form |
| 5 | Zmigrosky, Matt | EVP, Chief Legal and Admin Off | Direct | Sell | 11182025 | 148.18 | 3,500 | 518,630 | 9,414,474 | Form |
Industry Resources
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