Diamondback Energy, Inc. (FANG) Financial Statements
Industry: Crude Petroleum & Natural Gas
In fiscal 2025, Diamondback Energy reported revenue of $15.03B, up 35.8% from $11.07B the year before. Net income was $1.66B (a 11.1% net margin), or $5.73 per diluted share. Gross margin was 8.4% and operating margin was 8.4%. Operating activities generated $8.76B of cash. At fiscal year end, Diamondback Energy held $71.06B in total assets against $28.09B in total liabilities, including $104.0M of cash and equivalents.
Open the full interactive Diamondback Energy financials → Quarterly statements, key ratios, valuation history and price charts.
Diamondback Energy Key Stats
| Share Price | $198.18 |
|---|---|
| Market Cap | $55.73B |
| P/E Ratio | 34.6 |
| Revenue YoY Growth | +35.8% |
| 52-Week Range | $134.06 – $211.53 |
| Shares Outstanding | 281.2 million (basic, 2026 Q2) |
Diamondback Energy Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $2.81B | $6.80B | $9.64B | $8.41B | $11.07B | $15.03B |
| Cost of Goods Sold | $8.29B | $2.80B | $3.13B | $3.84B | $6.67B | $13.76B |
| Gross Profit | -$5.48B | $4.00B | $6.51B | $4.57B | $4.40B | $1.27B |
| Operating Income | -$5.48B | $4.00B | $6.51B | $4.57B | $4.40B | $1.27B |
| Pre-Tax Income | -$5.78B | $2.91B | $5.74B | $4.25B | $4.50B | $1.87B |
| Income Tax | -$1.10B | $631.0M | $1.17B | $912.0M | $800.0M | $327.0M |
| Net Income | -$4.52B | $2.18B | $4.39B | $3.14B | $3.34B | $1.66B |
| Diluted EPS | -$28.59 | $12.30 | $24.61 | $17.34 | $15.53 | $5.73 |
Diamondback Energy Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $3.92B | $3.38B | $4.24B | $5.56B |
| Net Income | $1.02B | -$1.46B | $25.0M | $1.88B |
| Diluted EPS | $3.51 | -$5.04 | $0.08 | $6.65 |
Diamondback Energy Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $104.0M | $654.0M | $157.0M | $582.0M | $161.0M | $104.0M |
| Current Assets | $602.0M | $1.45B | $1.39B | $1.62B | $2.11B | $1.92B |
| Total Assets | $17.62B | $22.90B | $26.21B | $29.00B | $67.29B | $71.06B |
| Current Liabilities | $1.24B | $1.44B | $1.72B | $2.11B | $4.81B | $4.60B |
| Total Long-Term Debt | $5.82B | $6.69B | $6.25B | $6.64B | $12.97B | $14.49B |
| Total Liabilities | $7.82B | $9.65B | $10.52B | $11.57B | $27.43B | $28.09B |
| Shareholders' Equity | $8.79B | $12.09B | $15.01B | $16.62B | $37.74B | $36.97B |
Diamondback Energy Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $2.12B | $3.94B | $6.33B | $5.92B | $6.41B | $8.76B |
| Cash From Investing | -$2.10B | -$1.54B | -$3.33B | -$3.32B | -$11.22B | -$7.81B |
| Cash From Financing | -$37.0M | -$1.84B | -$3.50B | -$2.18B | $4.39B | -$1.01B |
Figures from Diamondback Energy's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Diamondback Energy financials page for every line item.
Diamondback Energy Company Profile
| Ticker | FANG |
|---|---|
| Exchange | Nasdaq |
| Industry | Crude Petroleum & Natural Gas |
| Headquarters | Midland, Texas |
| Incorporated in | Delaware |
| Fiscal Year End | December 31 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0001539838 |
Frequently Asked Questions
What was Diamondback Energy's revenue in fiscal 2025?
Diamondback Energy (FANG) reported revenue of $15.03B for fiscal 2025.
What is Diamondback Energy's annual revenue history?
Diamondback Energy's annual revenue by fiscal year: 2020: $2.81B; 2021: $6.80B; 2022: $9.64B; 2023: $8.41B; 2024: $11.07B; 2025: $15.03B.
What was Diamondback Energy's net income in fiscal 2025?
Diamondback Energy reported net income of $1.66B for fiscal 2025.
What was Diamondback Energy's earnings per share (EPS) in fiscal 2025?
Diamondback Energy's diluted EPS was $5.73 for fiscal 2025 (adjusted for any later stock splits).
What was Diamondback Energy's revenue last quarter?
In its most recent reported quarter (2026 Q2), Diamondback Energy reported revenue of $5.56B.
How much debt does Diamondback Energy have?
Diamondback Energy reported $14.49B of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Diamondback Energy are outstanding?
Diamondback Energy reported a weighted average of 281.2 million basic shares outstanding in 2026 Q2.
What is Diamondback Energy's market cap?
Based on its latest closing price, Diamondback Energy (FANG) has a market capitalization of about $55.73B.
When does Diamondback Energy's fiscal year end?
Diamondback Energy's fiscal year end, as registered with the SEC, is December 31.
Where is Diamondback Energy headquartered?
Diamondback Energy lists its business address in Midland, Texas in its SEC filings.