Diamondback Energy Inc

FANG: XNAS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Diamondback Earnings: Solid Results; Diamondback Remains the Low-Cost Producer

Joshua Aguilar

Nov 3, 2026

Diamondback posted solid third-quarter results, with total production of 1,034 mboe/d, outperforming our expectations. Oil mix was healthy, with oil production of 525 mbo/d, while cash operating costs of $10.91 per boe came in well below our expectations.

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Diamondback Energy Inc

Diamondback Earnings: Solid Results; Diamondback Remains the Low-Cost Producer

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