Diamondback Energy is trading 4.17% up at $195.88 after reporting second-quarter adjusted EPS of $6.48, above estimates.
- Revenue reached $5.56 billion; production exceeded one million barrels of oil equivalent daily, and the company raised its 2026 production guidance.
- Diamondback Energy doubled its share-repurchase authorization to $16 billion.
- Higher oil prices strengthened the sector backdrop.