Diamondback Energy Guides 502–512K BOE/d Q1 Output; Price Target Raised to $180
Diamondback Energy reported Q4 adjusted EPS below consensus while revenue topped estimates, and guided Q1 2026 oil production of 502,000–512,000 barrels of oil equivalent per day with $900–975 million in cash capex. Roth Capital lifted its price target to $180 from $164.
1. Q4 Earnings and Outlook
Diamondback Energy’s Q4 adjusted earnings per share fell short of consensus even as revenue surpassed estimates, reflecting mixed operational results. For Q1 2026 the company expects oil production of 502,000–512,000 barrels of oil equivalent per day and plans $900 million–$975 million in cash capital expenditures.
2. Analyst Price Target Increase
Roth Capital raised its 12-month price target on Diamondback Energy to $180 from $164, citing improved revenue performance and a robust production outlook. The higher target underscores confidence in the company’s cash flow generation and guidance for sustained output levels.