🟢 Diamondback Energy is trading 6.76% up in pre-market after Q2 profit beat and higher production outlook

Diamondback Energy is trading 6.76% up at $202.44 after investors reassessed its strong second-quarter results and higher production outlook.

• Q2 adjusted profit reached $6.48 per share, beating analysts’ $6.01 estimate.
• 2026 production guidance rose above 1 million barrels of oil equivalent daily, while buyback authorization doubled to $16 billion.
• Energy-sector weakness, including lower crude prices, may temper the rebound.