Diamondback Energy, Inc. (FANG) income statement
NASDAQ · Energy · Oil & Gas Exploration & Production · 1,762 employees · CEO Matthew Kaes Van't Hof
- Price
- $178.96 -0.35%
- Market cap
- $50.1B
- Enterprise value
- $62.8B
- Last report
- Q3 '26 filed 2026-11-04
- Next report
- 2027-02-22 EPS est. $6.75
Diamondback Energy, Inc. (FANG) reported revenue of $5.43B for Q3 '26 (+38.4% year on year), operating income of $2.5B (46.0% of revenue) and net income of $1.6B. Over the last four quarters revenue was $18.6B.
Income statement
| Income statement | Trend | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.22B | $2.22B | $2.47B | $2.64B | $3.7B | $4.03B | $3.65B | $3.92B | $3.38B | $4.24B | $5.56B | $5.43B | |
| Cost of revenue | $970M | $1.03B | $1.26B | $1.59B | $2.18B | $2.22B | $2.39B | $2.57B | $2.56B | $1.33B | $3.05B | $2.93B | |
| Gross profit | $1.25B | $1.18B | $1.21B | $1.05B | $1.52B | $1.81B | $1.26B | $1.36B | $820M | $2.91B | $2.51B | $2.5B | |
| General & administrative | $39M | $46M | $46M | $49M | $72M | $73M | $67M | $70M | $0 | $79M | $72M | $83M | |
| Other operating expenses | $3M | $20M | $11M | $290M | $36M | $68M | $58M | $53M | -$128M | $2.72B | -$72M | -$83M | |
| Operating expenses | $42M | $66M | $57M | $339M | $108M | $141M | $125M | $123M | -$50M | $2.8B | $0 | $0 | |
| Operating income | $1.21B | $1.12B | $1.16B | $710M | $1.41B | $1.67B | $1.14B | $1.24B | $870M | $116M | $2.51B | $2.5B | |
| Interest expense | $37M | $39M | $44M | $18M | $34M | $40M | $56M | $70M | $78M | $63M | $56M | $55M | |
| Other non-operating income (gains on investments, FX ...) | -$107M | $47M | -$34M | -$226M | -$180M | -$261M | $140M | -$204M | $3.13B | $123M | -$179M | $173M | |
| Total non-operating income | $70M | -$86M | -$10M | $208M | -$7M | $221M | -$196M | $134M | -$3.2B | $60M | $123M | -$228M | |
| Income before tax | $1.28B | $1.03B | $1.15B | $918M | $1.41B | $1.89B | $943M | $1.37B | -$2.33B | $176M | $2.64B | $2.27B | |
| Income tax | $264M | $223M | $252M | $210M | $115M | $403M | $204M | $287M | -$567M | $32M | $580M | $501M | |
| Net income | $960M | $768M | $837M | $659M | $1.07B | $1.41B | $699M | $1.02B | -$1.46B | $144M | $1.88B | $1.6B | |
| EPS (basic) | $5.34 | $4.28 | $4.66 | $3.19 | $3.67 | $4.83 | $2.38 | $3.50 | -$5.11 | $0.08 | $6.65 | $5.69 | |
| EPS (diluted) | $5.34 | $4.28 | $4.66 | $3.19 | $3.67 | $4.83 | $2.38 | $3.50 | -$5.11 | $0.08 | $6.65 | $5.69 | |
| Shares (basic, weighted) | 179M | 178M | 178M | 205M | 292M | 290M | 292M | 290M | 285M | 283M | 281M | 280M | |
| Shares (diluted, weighted) | 179M | 178M | 178M | 205M | 292M | 290M | 292M | 290M | 285M | 283M | 281M | 280M | |
| Depreciation & amortization | $469M | $469M | $475M | $736M | $1.17B | $1.09B | $1.26B | $1.28B | $1.42B | $1.29B | $1.27B | $1.32B | |
| EBITDA | $1.78B | $1.54B | $1.67B | $1.67B | $2.76B | $3.02B | $2.26B | $2.72B | -$839M | $1.29B | $3.96B | $3.65B |
| Income statement | Trend | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $527M | $1.21B | $2.18B | $3.96B | $2.81B | $6.75B | $9.57B | $8.34B | $11B | $15B | |
| Cost of revenue | $307M | $551M | $1.06B | $2.37B | $2.18B | $2.48B | $2.87B | $3.54B | $6.05B | $9.74B | |
| Gross profit | $221M | $654M | $1.12B | $1.59B | $637M | $4.27B | $6.7B | $4.8B | $4.97B | $5.28B | |
| General & administrative | $42.6M | $48.7M | $64.6M | $104M | $88M | $146M | $144M | $150M | $213M | $0 | |
| Other operating expenses | $247M | $1M | $41M | $794M | $6.03B | $123M | $49M | $78M | $363M | $77M | |
| Operating expenses | $289M | $49M | $106M | $898M | $6.11B | $269M | $193M | $228M | $576M | $365M | |
| Operating income | -$68.6M | $605M | $1.01B | $695M | -$5.48B | $4B | $6.51B | $4.57B | $4.4B | $4.92B | |
| Interest income | $0 | $0 | $1M | $1M | $4M | $1M | $1M | $0 | $156M | $0 | |
| Interest expense | $40.7M | $41M | $87.8M | $173M | $201M | $200M | $160M | $175M | $291M | $244M | |
| Other non-operating income (gains on investments, FX ...) | $55.4M | $67M | -$180M | $164M | $105M | $905M | $624M | $147M | -$393M | $2.8B | |
| Total non-operating income | -$96.1M | -$108M | $102M | -$333M | -$300M | -$1.09B | -$772M | -$322M | $105M | -$3.04B | |
| Income before tax | -$165M | $497M | $1.11B | $362M | -$5.78B | $2.91B | $5.74B | $4.25B | $4.5B | $1.87B | |
| Income tax | $192K | -$19.6M | $168M | $47M | -$1.1B | $631M | $1.17B | $912M | $800M | $327M | |
| Net income | -$165M | $482M | $846M | $240M | -$4.52B | $2.18B | $4.39B | $3.14B | $3.34B | $1.66B | |
| EPS (basic) | -$2.20 | $4.95 | $8.08 | $1.47 | -$28.59 | $12.35 | $24.61 | $17.34 | $15.53 | $5.73 | |
| EPS (diluted) | -$2.20 | $4.94 | $8.06 | $1.46 | -$28.59 | $12.30 | $24.61 | $17.34 | $15.53 | $5.73 | |
| Shares (basic, weighted) | 75.1M | 97.5M | 105M | 163M | 158M | 177M | 177M | 180M | 214M | 289M | |
| Shares (diluted, weighted) | 75.1M | 97.7M | 105M | 164M | 158M | 177M | 177M | 180M | 214M | 289M | |
| Depreciation & amortization | $178M | $327M | $623M | $1.45B | $1.31B | $1.28B | $1.34B | $1.75B | $2.85B | $5.04B | |
| EBITDA | $54M | $865M | $1.81B | $1.99B | -$4.27B | $4.37B | $7.23B | $6.17B | $7.64B | $7.16B |
Standardised from the company's filings; outflows and costs keep the sign the provider reports. Hover a period for its end date. Amounts in USD.
Revenue, operating income and growth
quarterlyMargins
quarterlyCosts as % of revenue
quarterlyThe other statements
Sources
Statements, segment revenue, metrics and estimates are standardised from the company's filings. Segment profits and every reported line: SEC EDGAR (XBRL). Filings read: 10-Q 2026-09-30, 10-Q 2026-06-30, 10-Q 2026-03-31, 10-K 2025-12-31, 10-Q 2025-09-30, 10-Q 2025-06-30, 10-Q 2025-03-31, 10-K 2024-12-31, 10-Q 2024-09-30
Data as of 2026-11-09