Diamondback Energy Inc (FANG) financial statements: income statement, balance sheet and cash flow
Diamondback Energy Inc's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), Diamondback Energy Inc reported revenue of $15.0B (+35.8% year on year) and net income of $1.7B (-50.1% year on year).
Income statement
Diamondback Energy Inc income statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Revenues
$14.9B
$11.0B
$8.3B
$9.6B
Other operating income
$97.0M
$43.0M
$73.0M
$77.0M
Total revenues
$15.0B
$11.1B
$8.4B
$9.6B
Lease operating expenses
$1.9B
$1.3B
$872.0M
$652.0M
Production and ad valorem taxes
$851.0M
$638.0M
$525.0M
$611.0M
Gathering, processing and transportation
$515.0M
—
—
—
Purchased oil expense
$1.5B
—
—
—
Depreciation, depletion, amortization and accretion
$5.0B
$2.9B
$1.7B
$1.3B
Impairment of oil and natural gas properties
$3.7B
—
—
$0
General and administrative expenses
$288.0M
$213.0M
$150.0M
$144.0M
Other operating expenses, net
$77.0M
$103.0M
$140.0M
$112.0M
Total costs and expenses
$13.8B
$6.7B
$3.8B
$3.1B
Income (loss) from operations
$1.3B
$4.4B
$4.6B
$6.5B
Interest expense, net
($244.0M)
($135.0M)
($175.0M)
($159.0M)
Other income (expense), net
$455.0M
$80.0M
$68.0M
($5.0M)
Derivative Instruments Not Designated as Hedging Instruments, Gain (Loss), Net
$341.0M
—
—
—
Gain (loss) on extinguishment of debt, net
$56.0M
$2.0M
($4.0M)
($99.0M)
Total other income (expense), net
$608.0M
$105.0M
($322.0M)
($772.0M)
Income (loss) before income taxes
$1.9B
$4.5B
$4.2B
$5.7B
Provision for (benefit from) income taxes
$327.0M
$800.0M
$912.0M
$1.2B
Net income (loss)
$1.5B
$3.7B
$3.3B
$4.6B
Net income (loss) attributable to non-controlling interest
($117.0M)
$363.0M
$193.0M
$176.0M
Basic (in dollars per share)
$5.73
$15.53
$17.34
$24.61
Diluted (in dollars per share)
$5.73
$15.53
$17.34
$24.61
Basic (in shares)
289.1M
213.5M
180.0M
176.5M
Diluted (in shares)
289.1M
213.5M
180.0M
176.5M
Net income (loss) attributable to Diamondback Energy, Inc.
$1.7B
$3.3B
$3.1B
$4.4B
Pension and postretirement benefit plans
($1.0M)
$2.0M
($1.0M)
($7.0M)
Comprehensive income (loss) attributable to Diamondback Energy, Inc
$1.7B
$3.3B
$3.1B
$4.4B
Diamondback Energy Inc income statement, quarters
Line item
Jun 30, 2026 · Q2
Mar 31, 2026 · Q1
Sep 30, 2025 · Q3
Jun 30, 2025 · Q2
Revenue
$5.5B
$4.2B
$3.9B
$3.7B
Other operating income
$37.0M
$30.0M
$18.0M
$27.0M
Total revenues
$5.6B
$4.2B
$3.9B
$3.7B
Lease operating expenses
$552.0M
$547.0M
$490.0M
$440.0M
Production and ad valorem taxes
$302.0M
$268.0M
$212.0M
$214.0M
Gathering, processing and transportation
$113.0M
$120.0M
$122.0M
$145.0M
Purchased oil expense
$730.0M
$393.0M
$455.0M
$331.0M
Depreciation, depletion, amortization and accretion
$1.3B
$1.3B
$1.3B
$1.3B
Impairment of oil and natural gas properties
$0
$1.4B
—
—
General and administrative expenses
$72.0M
$79.0M
$70.0M
$67.0M
Other operating expenses, net
$9.0M
$24.0M
$36.0M
$36.0M
Total costs and expenses
$3.0B
$4.1B
$2.7B
$2.5B
Income (loss) from operations
$2.5B
$116.0M
$1.2B
$1.1B
Interest expense, net
($56.0M)
($63.0M)
($70.0M)
($56.0M)
Other income (expense), net
($4.0M)
$7.0M
$108.0M
($2.0M)
Gain (loss) on derivative instruments, net
$49.0M
$117.0M
$120.0M
($197.0M)
Gain (loss) on extinguishment of debt, net
$134.0M
($1.0M)
($32.0M)
$55.0M
Total other income (expense), net
$123.0M
$60.0M
$134.0M
($196.0M)
Income (loss) before income taxes
$2.6B
$176.0M
$1.4B
$943.0M
Provision for (benefit from) income taxes
$580.0M
$32.0M
$287.0M
$204.0M
Net income (loss)
$2.1B
$144.0M
$1.1B
$739.0M
Net income (loss) attributable to non-controlling interest
$173.0M
$119.0M
$65.0M
$40.0M
Net income (loss) attributable to Diamondback Energy, Inc.
$1.9B
$25.0M
$1.0B
$699.0M
Basic (in usd per share)
$6.65
$0.08
$3.51
$2.38
Diluted (in usd per share)
$6.65
$0.08
$3.51
$2.38
Basic (in shares)
281.2M
282.8M
288.8M
292.1M
Diluted (in shares)
281.2M
282.8M
288.8M
292.1M
Balance sheet
Diamondback Energy Inc balance sheet, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Cash and cash equivalents ($13 million and $27 million related to Viper)
$104.0M
$161.0M
$582.0M
$157.0M
Restricted cash
$2.0M
$3.0M
$3.0M
$7.0M
Joint interest and other, net
$258.0M
$198.0M
$192.0M
$104.0M
Oil and natural gas sales, net ($262 million and $149 million related to Viper)
$1.1B
$1.4B
$654.0M
$618.0M
Inventories
$86.0M
$116.0M
$63.0M
$67.0M
Prepaid expenses and other current assets ($50 million and $31 million related to Viper)
$337.0M
$77.0M
$109.0M
$23.0M
Total current assets
$1.9B
$2.1B
$1.6B
$1.4B
Proved properties ($9,746 million and $3,533 million related to Viper)
$71.6B
—
—
—
Unproved properties ($4,910 million and $2,180 million related to Viper)
$23.9B
—
—
—
Other property, equipment and land
$874.0M
$1.4B
$673.0M
$1.5B
Accumulated depletion, depreciation, amortization and impairment ($2,455 million and $1,081 million related to Viper)
($27.8B)
($19.2B)
($16.4B)
($14.8B)
Property and equipment, net
$68.6B
$64.5B
$26.7B
$23.8B
Other assets
$523.0M
$159.0M
$47.0M
$42.0M
Total assets
$71.1B
$67.3B
$29.0B
$26.2B
Accounts payable and accrued capital expenditures
$1.2B
—
—
—
Current maturities of debt
$763.0M
$900.0M
$0
$10.0M
Other accrued liabilities
$1.1B
$1.0B
$475.0M
$399.0M
Revenues and royalties payable
$1.4B
$1.5B
$764.0M
$619.0M
Derivative instruments
$15.0M
$168.0M
$17.0M
$132.0M
Income taxes payable
$149.0M
$414.0M
$29.0M
$34.0M
Total current liabilities
$4.6B
$4.8B
$2.1B
$1.7B
Long-term debt ($2,186 million and $1,083 million related to Viper)
$13.7B
$12.1B
$6.6B
$6.2B
Deferred income taxes
$9.1B
$9.8B
$2.4B
$2.1B
Other long-term liabilities
$625.0M
$39.0M
$12.0M
$12.0M
Total liabilities
$28.1B
$27.4B
$11.6B
$10.5B
Common stock, $0.01 par value; 800,000,000 shares authorized; 284,594,908 and 290,984,373 shares issued and outstanding at December 31, 2025 and December 31, 2024, respectively
3.0M
3.0M
2.0M
2.0M
Additional paid-in capital
$32.2B
$33.5B
$14.1B
$14.2B
Retained earnings (accumulated deficit)
$4.7B
$4.2B
$2.5B
$801.0M
Accumulated other comprehensive income (loss)
($7.0M)
($6.0M)
($8.0M)
($7.0M)
Total Diamondback Energy, Inc. stockholders’ equity
$37.0B
$37.7B
$16.6B
$15.0B
Non-controlling interest
$6.0B
$2.1B
$805.0M
$681.0M
Total equity
$43.0B
$39.9B
$17.4B
$15.7B
Total liabilities and stockholders’ equity
$71.1B
$67.3B
$29.0B
$26.2B
Diamondback Energy Inc balance sheet, quarters
Line item
Jun 30, 2026
Mar 31, 2026
Sep 30, 2025
Jun 30, 2025
Cash and cash equivalents ($77 million and $13 million related to Viper)
$462.0M
$174.0M
$159.0M
$219.0M
Restricted cash
$2.0M
$2.0M
$393.0M
$2.0M
Joint interest and other, net
$261.0M
$327.0M
$345.0M
$256.0M
Oil and natural gas sales, net ($461 million and $262 million related to Viper)
$1.7B
$1.8B
$1.3B
$1.3B
Inventories
$67.0M
$79.0M
$86.0M
$115.0M
Prepaid expenses and other current assets
$189.0M
$288.0M
$144.0M
$79.0M
Total current assets
$2.6B
$2.7B
$2.6B
$2.1B
Proved properties ($9,608 million and $9,746 million related to Viper)
$74.4B
$72.7B
—
—
Unproved properties ($4,545 million and $4,910 million related to Viper)
$23.2B
$23.5B
—
—
Other property, equipment and land
$899.0M
$889.0M
$1.0B
$1.5B
Accumulated depletion, depreciation, amortization and impairment ($2,856 million and $2,455 million related to Viper)
($31.7B)
($30.5B)
($22.8B)
($21.5B)
Property and equipment, net
$66.8B
$66.6B
$72.5B
$69.2B
Other assets
$796.0M
$763.0M
$214.0M
$215.0M
Total assets
$70.2B
$70.1B
$76.2B
$71.9B
Accounts payable and accrued capital expenditures
$1.3B
$1.2B
—
—
Current maturities of debt
$1.5B
$749.0M
$394.0M
$14.0M
Other accrued liabilities
$883.0M
$848.0M
$1.0B
$881.0M
Revenues and royalties payable
$1.7B
$1.5B
$1.4B
$1.6B
Derivative instruments
$36.0M
$62.0M
$174.0M
$117.0M
Income taxes payable
$230.0M
$517.0M
$33.0M
$277.0M
Total current liabilities
$5.7B
$4.8B
$4.1B
$3.8B
Long-term debt ($1,678 million and $2,186 million related to Viper)
$11.1B
$13.1B
$15.8B
$15.1B
Deferred income taxes
$8.9B
$8.9B
$9.9B
$9.5B
Other long-term liabilities
$556.0M
$561.0M
$22.0M
$19.0M
Total liabilities
$26.2B
$27.4B
$30.6B
$29.1B
Common stock, $0.01 par value; 800,000,000 shares authorized; 280,567,508 and 284,594,908 shares issued and outstanding at June 30, 2026, and December 31, 2025, respectively
3.0M
3.0M
3.0M
3.0M
Additional paid-in capital
$31.9B
$32.0B
$32.6B
$33.1B
Retained earnings (accumulated deficit)
$6.0B
$4.5B
$6.5B
$5.8B
Accumulated other comprehensive income (loss)
($7.0M)
($7.0M)
($7.0M)
($7.0M)
Total Diamondback Energy, Inc. stockholders’ equity
$37.9B
$36.5B
$39.1B
$38.9B
Non-controlling interest
$6.1B
$6.2B
$6.5B
$3.9B
Total equity
$44.0B
$42.6B
$45.6B
$42.8B
Total liabilities and stockholders’ equity
$70.2B
$70.1B
$76.2B
$71.9B
Cash flow statement
Diamondback Energy Inc cash flow statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Net income (loss)
$1.5B
$3.7B
$3.3B
$4.6B
Provision for (benefit from) deferred income taxes
($519.0M)
$15.0M
$378.0M
$720.0M
Depreciation, depletion, amortization and accretion
$5.0B
$2.9B
$1.7B
$1.3B
Impairment of oil and natural gas properties
$3.7B
—
—
$0
(Gain) loss on extinguishment of debt
($56.0M)
($2.0M)
$4.0M
$99.0M
(Gain) loss on derivative instruments, net
($341.0M)
($137.0M)
$259.0M
$586.0M
Cash received (paid) on settlement of derivative instruments
$181.0M
($51.0M)
($110.0M)
($850.0M)
Other
($430.0M)
$89.0M
$5.0M
$85.0M
Accounts receivable
$386.0M
($42.0M)
($71.0M)
($47.0M)
Accounts payable and accrued liabilities
($343.0M)
($376.0M)
$57.0M
($47.0M)
Income taxes payable
($399.0M)
$87.0M
($5.0M)
$17.0M
Revenues and royalties payable
$15.0M
$168.0M
$123.0M
$156.0M
Other
$27.0M
$4.0M
($2.0M)
($16.0M)
Net cash provided by (used in) operating activities
$8.8B
$6.4B
$5.9B
$6.3B
Additions to oil and natural gas properties
($3.5B)
($2.9B)
($2.6B)
($1.9B)
Property acquisitions
($5.9B)
($8.9B)
($2.0B)
($1.6B)
Proceeds from sale of assets
$1.7B
$467.0M
$1.4B
$327.0M
Other
($18.0M)
$99.0M
($16.0M)
($44.0M)
Net cash provided by (used in) investing activities
($7.8B)
($11.2B)
($3.3B)
($3.3B)
Proceeds from debt
$15.0B
—
—
—
Repayment of debt
($13.5B)
—
—
—
Repurchased shares
-2.0B
-959.0M
-840.0M
-1.1B
Proceeds from partial sale of investment in Viper
$0
$451.0M
—
—
Net proceeds from Viper’s issuance of common stock
$1.2B
$476.0M
—
—
Dividends paid to stockholders
($1.2B)
($1.6B)
($1.4B)
($1.6B)
Dividends/distributions to non-controlling interest
($382.0M)
($227.0M)
($129.0M)
($217.0M)
Other
($266.0M)
($149.0M)
($45.0M)
($69.0M)
Net cash provided by (used in) financing activities
($1.0B)
$4.4B
($2.2B)
($3.5B)
Net increase (decrease) in cash, cash equivalents and restricted cash
($58.0M)
($421.0M)
$421.0M
($508.0M)
Cash, cash equivalents and restricted cash at beginning of period
$164.0M
$585.0M
$164.0M
$672.0M
Cash, cash equivalents and restricted cash at end of period
$106.0M
$164.0M
$585.0M
$164.0M
Diamondback Energy Inc cash flow statement, quarters
Line item
Jun 30, 2026 · YTD
Mar 31, 2026 · Q1
Sep 30, 2025 · YTD
Jun 30, 2025 · YTD
Net income (loss)
$2.2B
$144.0M
$3.3B
$2.2B
Provision for (benefit from) deferred income taxes
($206.0M)
($242.0M)
$235.0M
($18.0M)
Depreciation, depletion, amortization and accretion
$2.6B
$1.3B
$3.6B
$2.4B
Impairment of oil and natural gas properties
$1.4B
$1.4B
—
—
(Gain) loss on extinguishment of debt, net
($133.0M)
$1.0M
($23.0M)
($55.0M)
(Gain) loss on derivative instruments, net
($166.0M)
($117.0M)
($149.0M)
($29.0M)
Cash received (paid) on settlement of derivative instruments
$246.0M
$133.0M
$108.0M
$48.0M
Other
$59.0M
$26.0M
($47.0M)
$27.0M
Accounts receivable
($563.0M)
($779.0M)
$138.0M
$160.0M
Accounts payable and accrued liabilities
($204.0M)
($257.0M)
($355.0M)
($383.0M)
Income taxes payable
$0
$287.0M
($515.0M)
($309.0M)
Revenues and royalties payable
$324.0M
$70.0M
$28.0M
($30.0M)
Other
($104.0M)
($131.0M)
$54.0M
$14.0M
Net cash provided by (used in) operating activities
$5.4B
$1.8B
$6.4B
$4.0B
Additions to oil and natural gas properties
($1.9B)
($933.0M)
($2.6B)
($1.8B)
Property acquisitions
($752.0M)
($314.0M)
($5.4B)
($3.9B)
Proceeds from sale of assets
$657.0M
$604.0M
$314.0M
$57.0M
Other
($29.0M)
($15.0M)
($14.0M)
($8.0M)
Net cash provided by (used in) investing activities
($2.1B)
($658.0M)
($7.7B)
($5.6B)
Proceeds from debt
$6.3B
$2.5B
$2.0B
$1.5B
Repayment of debt
($8.0B)
($3.1B)
($900.0M)
($900.0M)
Repurchased shares
-689.0M
-548.0M
-1.6B
-973.0M
Repurchased shares/units under Viper’s repurchase program
-228.0M
-97.0M
—
—
Net proceeds from Viper’s issuance of common stock
$0
$0
$1.2B
$1.2B
Proceeds from sale of Viper's common stock
$589.0M
$589.0M
—
—
Dividends paid to stockholders
($605.0M)
($295.0M)
($870.0M)
($581.0M)
Dividends to non-controlling interest
($279.0M)
($120.0M)
($255.0M)
($177.0M)
Other
($37.0M)
($30.0M)
($169.0M)
($59.0M)
Net cash provided by (used in) financing activities
($3.0B)
($1.1B)
$1.7B
$1.7B
Net increase (decrease) in cash, cash equivalents and restricted cash
$358.0M
$70.0M
$388.0M
$57.0M
Cash, cash equivalents and restricted cash at beginning of period
$106.0M
$106.0M
$164.0M
$164.0M
Cash, cash equivalents and restricted cash at end of period