News

Diamondback Energy lifted its production outlook and reported a surging second-quarter profit, as it benefited from the run-up in oil prices following the start of the war in Iran. The oil and natural gas company said it now plans to produce at least 522,000 barrels of oil a day. It expects total production guidance to be at least 1,000,000 barrels of oil equivalent per day, up from a prior forecast of 972,000.

Small-cap oil stock Forum Energy Technologies broke out on Monday after blowout second-quarter earnings. Most oil stocks fell with crude prices, though many of them are eyeing buy points in a busy week of earnings for the oil and gas sector.

Oil and gas producer Diamondback Energy (NASDAQ:FANG) will be reporting earnings this Monday after market hours. Here’s what you need to know.

Diamondback Energy will release its second-quarter earnings next month, and analysts anticipate a triple-digit bottom-line growth.

Diamondback Energy (NASDAQ:FANG) used its first quarter 2026 conference call to explain a shift toward what CEO Kaes Van’t Hof described as a “green light framework,” signaling higher activity levels amid what he called a clear market signal following a major global oil supply disruption. Management

OIl prices jumped on Iran news. Diamondback Energy, Transocean and Tidewater prepare to report earnings. The oil stocks traded near highs.