| FANG |
Report |
2Q26 adjusted EPS |
BEAT |
pred ~$6.20 vs. cons $6.00 |
MEDIUM |
| FANG |
Report |
2Q26 oil production |
IN-LINE |
pred ~523 MBO/d vs. cons 520 MBO/d |
HIGH |
| FANG |
Report |
2Q26 adjusted free cash flow |
BEAT |
pred ~$2.35B vs. cons $2.20B |
MEDIUM |
| FANG |
Guide |
FY26 oil-production guidance |
BETTER |
guide ~525+ MBO/d vs. cons 523 MBO/d (FY26) |
MEDIUM |
| FANG |
Guide |
FY26 total cash-capex guidance |
UNCHANGED |
guide ~$3.90B vs. cons $3.90B (FY26) |
HIGH |
| FANG |
Guide |
3Q26 oil-production outlook |
BETTER |
guide ~525 MBO/d vs. cons 520 MBO/d (3Q26) |
MEDIUM |
| FANG |
Guide |
Net-debt reduction / year-end balance-sheet commentary |
BETTER |
guide ~$11.8B net debt vs. cons $12.3B (YE26) |
LOW |
| FANG |
Return |
Day-1 residual (stock − beta × S&P 500) |
+2.5% |
— |
MEDIUM |
| FANG |
Return |
5-day cumulative residual |
+1.0% (FADE) |
The ~$6.20 EPS and ~$2.35B FCF beat is substantially supported by the already disclosed $96.82/Bbl 2Q realization; modestly higher FY26 oil guidance (~525+ vs. 523 MBO/d consensus) and faster debt reduction support an initial positive reaction, but largely unchanged ~$3.90B capex and limited incremental out-period volume upside constrain FY27 estimate revisions and lead to a partial fade. |
MEDIUM |