Subtext

Diamondback Energy, Inc. FANG

SectorEnergy
Transcripts29
Date range2018-05-09 – 2025-05-06
Calls charted29

Sentiment timeline

Net Loughran-McDonald sentiment per call (×1000), earliest → latest.

-13-6+0+6+132018 Q12019 Q12020 Q12021 Q12022 Q12023 Q12024 Q12025 Q12018 Q1 · Overall: +7.12018 Q2 · Overall: +8.12018 Q3 · Overall: +5.32018 Q4 · Overall: +7.52019 Q1 · Overall: +4.82019 Q2 · Overall: +3.22019 Q3 · Overall: -3.92019 Q4 · Overall: +9.12020 Q1 · Overall: -4.42020 Q2 · Overall: -3.92020 Q3 · Overall: +1.42020 Q4 · Overall: +3.82021 Q1 · Overall: +5.52021 Q2 · Overall: +6.72021 Q3 · Overall: +7.92021 Q4 · Overall: +5.92022 Q1 · Overall: +2.02022 Q2 · Overall: +2.52022 Q3 · Overall: +4.72022 Q4 · Overall: +4.32023 Q1 · Overall: +4.32023 Q2 · Overall: +6.72023 Q3 · Overall: +7.62023 Q4 · Overall: -0.72024 Q1 · Overall: +5.72024 Q2 · Overall: +11.12024 Q3 · Overall: +5.42024 Q4 · Overall: +3.32025 Q1 · Overall: +1.1
Overall

CEO vs CFO

Average sentiment of each executive's remarks per call. Divergence is a signal.

-16-8+0+8+162018 Q12019 Q12020 Q12021 Q12022 Q12023 Q12024 Q12025 Q12018 Q1 · CEO: +12.02018 Q2 · CEO: +10.72018 Q3 · CEO: +7.02018 Q4 · CEO: +10.52019 Q1 · CEO: +12.62019 Q2 · CEO: +11.82019 Q3 · CEO: -0.42019 Q4 · CEO: +12.52020 Q1 · CEO: -5.02020 Q2 · CEO: -2.52020 Q3 · CEO: +4.02020 Q4 · CEO: +3.82021 Q1 · CEO: +9.12021 Q2 · CEO: +12.32021 Q3 · CEO: +10.72021 Q4 · CEO: +8.62022 Q1 · CEO: +1.82022 Q2 · CEO: +5.32022 Q3 · CEO: +6.62022 Q4 · CEO: +7.12023 Q1 · CEO: +10.32023 Q2 · CEO: +14.32023 Q3 · CEO: +11.72023 Q4 · CEO: +6.52024 Q1 · CEO: +1.22024 Q2 · CEO: +11.12024 Q3 · CEO: +5.52024 Q4 · CEO: +7.02025 Q1 · CEO: +0.62018 Q1 · CFO: +0.02018 Q2 · CFO: +0.02018 Q3 · CFO: -10.52018 Q4 · CFO: -6.22019 Q1 · CFO: +2.22019 Q2 · CFO: +10.92019 Q4 · CFO: +8.92020 Q1 · CFO: -1.32020 Q2 · CFO: -0.82020 Q3 · CFO: +2.02020 Q4 · CFO: +9.32021 Q1 · CFO: +9.12021 Q2 · CFO: +2.62021 Q3 · CFO: +14.22021 Q4 · CFO: +6.52022 Q1 · CFO: +6.92022 Q2 · CFO: +5.32022 Q3 · CFO: +9.12022 Q4 · CFO: +5.62023 Q1 · CFO: +6.22023 Q2 · CFO: +7.22023 Q3 · CFO: +8.42023 Q4 · CFO: +2.62024 Q1 · CFO: +13.52024 Q2 · CFO: +11.42024 Q3 · CFO: +7.6
CEOCFO

Prepared remarks vs Q&A

Scripted tone vs unscripted answers. The gap is information.

-23-12+0+12+232018 Q12019 Q12020 Q12021 Q12022 Q12023 Q12024 Q12025 Q12018 Q1 · Prepared remarks: +10.32018 Q2 · Prepared remarks: +12.52018 Q3 · Prepared remarks: +11.32018 Q4 · Prepared remarks: +7.02019 Q1 · Prepared remarks: +5.92019 Q2 · Prepared remarks: +6.12019 Q3 · Prepared remarks: -3.42019 Q4 · Prepared remarks: +8.82020 Q1 · Prepared remarks: -6.92020 Q2 · Prepared remarks: -7.32020 Q3 · Prepared remarks: +2.82020 Q4 · Prepared remarks: +1.52021 Q1 · Prepared remarks: +10.72021 Q2 · Prepared remarks: +18.22021 Q3 · Prepared remarks: +14.62021 Q4 · Prepared remarks: +13.92022 Q1 · Prepared remarks: +0.02022 Q2 · Prepared remarks: +6.12022 Q3 · Prepared remarks: +11.22022 Q4 · Prepared remarks: +13.92023 Q1 · Prepared remarks: +4.62023 Q2 · Prepared remarks: +20.02023 Q3 · Prepared remarks: +0.02023 Q4 · Prepared remarks: +0.02024 Q1 · Prepared remarks: +0.02024 Q2 · Prepared remarks: +0.02024 Q3 · Prepared remarks: -9.42024 Q4 · Prepared remarks: -9.92025 Q1 · Prepared remarks: -5.02018 Q1 · Q&A responses: +8.32018 Q2 · Q&A responses: +7.82018 Q3 · Q&A responses: +4.72018 Q4 · Q&A responses: +10.92019 Q1 · Q&A responses: +8.12019 Q2 · Q&A responses: +12.12019 Q3 · Q&A responses: -1.52019 Q4 · Q&A responses: +12.12020 Q1 · Q&A responses: -4.82020 Q2 · Q&A responses: +0.02020 Q3 · Q&A responses: +3.12020 Q4 · Q&A responses: +6.72021 Q1 · Q&A responses: +8.12021 Q2 · Q&A responses: +6.92021 Q3 · Q&A responses: +9.62021 Q4 · Q&A responses: +5.62022 Q1 · Q&A responses: +5.32022 Q2 · Q&A responses: +4.72022 Q3 · Q&A responses: +6.12022 Q4 · Q&A responses: +5.62023 Q1 · Q&A responses: +7.52023 Q2 · Q&A responses: +8.92023 Q3 · Q&A responses: +10.92023 Q4 · Q&A responses: +3.12024 Q1 · Q&A responses: +10.02024 Q2 · Q&A responses: +12.92024 Q3 · Q&A responses: +7.42024 Q4 · Q&A responses: +8.22025 Q1 · Q&A responses: +0.3
Prepared remarksQ&A responses

Tone vs forward expectations

Management tone next to Wall Street's forward-looking numbers (glopardo): the 12-month forward EPS estimate and the forward P/E per call.

Forward EPS estimate

$0.52$13.80$27.082018 Q12019 Q12020 Q12021 Q12022 Q12023 Q12024 Q12025 Q12018 Q1: $7.602018 Q2: $8.502018 Q3: $9.652018 Q4: $8.752019 Q1: $8.602019 Q2: $9.742019 Q3: $9.512019 Q4: $8.682020 Q1: $6.552020 Q2: $2.352020 Q3: $3.122020 Q4: $4.112021 Q1: $7.422021 Q2: $9.772021 Q3: $12.822021 Q4: $17.162022 Q1: $19.822022 Q2: $24.282022 Q3: $25.092022 Q4: $25.252023 Q1: $22.502023 Q2: $19.412023 Q3: $19.582023 Q4: $20.902024 Q1: $17.872024 Q2: $19.922024 Q3: $18.69

Forward P/E

0.9711.0921.212018 Q12019 Q12020 Q12021 Q12022 Q12023 Q12024 Q12025 Q12018 Q1: 16.552018 Q2: 13.922018 Q3: 13.332018 Q4: 10.352019 Q1: 12.032019 Q2: 10.682019 Q3: 10.332019 Q4: 10.032020 Q1: 2.372020 Q2: 19.812020 Q3: 10.572020 Q4: 11.592021 Q1: 10.982021 Q2: 9.252021 Q3: 6.362021 Q4: 6.052022 Q1: 6.342022 Q2: 6.042022 Q3: 5.592022 Q4: 5.422023 Q1: 5.452023 Q2: 6.532023 Q3: 7.962023 Q4: 7.152024 Q1: 10.492024 Q2: 9.482024 Q3: 9.53

Divergence watch ⚑

Quarters where tone and the forward EPS estimate moved opposite ways.

  • 2018 Q3 tone ↓ -2.9 fwd EPS ↑ +1.15 Tone cooled even as the forward EPS estimate rose.
  • 2018 Q4 tone ↑ +2.2 fwd EPS ↓ -0.90 Tone rose while the forward EPS estimate was cut.
  • 2019 Q4 tone ↑ +12.9 fwd EPS ↓ -0.83 Tone rose while the forward EPS estimate was cut.
  • 2022 Q1 tone ↓ -3.9 fwd EPS ↑ +2.66 Tone cooled even as the forward EPS estimate rose.
  • 2023 Q2 tone ↑ +2.4 fwd EPS ↓ -3.10 Tone rose while the forward EPS estimate was cut.
  • 2023 Q4 tone ↓ -8.4 fwd EPS ↑ +1.32 Tone cooled even as the forward EPS estimate rose.
  • 2024 Q1 tone ↑ +6.4 fwd EPS ↓ -3.03 Tone rose while the forward EPS estimate was cut.

Recent transcripts

CallDateSentiment ×1000Fwd EPSFwd P/E
2025 Q12025-05-06+1.1——View →
2024 Q42025-02-25+3.3——View →
2024 Q32024-11-05+5.4$18.699.5View →
2024 Q22024-08-06+11.1$19.929.5View →
2024 Q12024-05-01+5.7$17.8710.5View →
2023 Q42024-02-21-0.7$20.907.2View →
2023 Q32023-11-07+7.6$19.588.0View →
2023 Q22023-08-01+6.7$19.416.5View →