Eutrophication has become a recurrent concern in reservoirs worldwide. This problem is intensified in tropical semiarid regions, where the reservoirs have high seasonal and annual variability of water level and volume. Therefore, an extensive understanding of the diel variation of water quality key-parameters can help improve management of such reservoirs. This study focuses on Castanhão reservoir with the largest multipurpose dam in the Brazilian semiarid. Its main water uses are irrigation, fish farming, and human supply. The reservoir faced a decline in water quality due to a prolonged drought period. While previous research has predominantly emphasized the seasonal dynamics of thermal and chemical stratification, our investigation provides diel assessments of multiple water quality parameters, including nutrient concentrations and phytoplankton abundance. Our primary objective is to compare seasonal and diel variations in stratification and nutrient distribution within the reservoir. Key findings reveal a diel cycle of thermal stratification, primarily during dry season, driven by higher wind speeds. This is corroborated by a significant negative correlation between wind speed and the relative water column stability index. In contrast, during the rainy season, the reservoir experiences continuous thermal stratification due to inflowing water being warmer than the reservoir's water temperature. Notably, a significant negative correlation between total phosphorus and chlorophyll-a, along with a two-fold increase of this nutrient throughout the day during the rainy season, underscores the influence of the phytoplankton community dynamics on the diel nutrient variation. Chemical stratification of dissolved oxygen occurred during dry and rainy seasons, indicating that even during the dry season, where there is no significant inflow, the internal nutrient loading can also significantly impact the water quality of a reservoir. This study advances the understanding of diel water quality dynamics in tropical semiarid reservoirs, shedding light on both climatic and anthropogenic influences on water resources.