Diamondback EnergyFANGEarnings & Financial Report
Diamondback Energy, headquartered in Midland, Texas, is an American company engaged in hydrocarbon exploration in the Permian Basin.
FANG Q1 FY2026 Key Financial Metrics
Revenue
$4.2B
Gross Profit
N/A
Operating Profit
$116.0M
Net Profit
$25.0M
Gross Margin
N/A
Operating Margin
2.7%
Net Margin
0.6%
YoY Growth
4.7%
EPS
$0.08
Diamondback Energy Q1 FY2026 Financial Summary
Diamondback Energy reported revenue of $4.2B (up 4.7% YoY) for Q1 FY2026, with a net profit of $25.0M (up 38.4% YoY) (0.6% margin).
Key Financial Metrics
| Total Revenue | $4.2B |
|---|---|
| Net Profit | $25.0M |
| Gross Margin | N/A |
| Operating Margin | 2.7% |
| Report Period | Q1 FY2026 |
Revenue Breakdown
Diamondback Energy Q1 FY2026 revenue of $4.2B breaks down across 2 segments, led by Oil, natural gas and natural gas liquid sales at $3.8B (90.2% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Oil, natural gas and natural gas liquid sales | $3.8B | 90.2% |
| Sales of purchased oil | $385.0M | 9.1% |
Diamondback Energy Annual Revenue by Year
Diamondback Energy annual revenue history includes year-by-year totals (for example, 2025 revenue was $15.0B).
Diamondback Energy Quarterly Revenue & Net Profit History
Diamondback Energy results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q1 FY2026 | $4.2B | +4.7% | $25.0M | 0.6% |
| Q4 FY2025 | $3.4B | -9.0% | $-1.5B | -43.2% |
| Q3 FY2025 | $3.9B | +48.4% | $1.0B | 25.9% |
| Q2 FY2025 | $3.7B | +48.1% | $699.0M | 19.0% |
| Q1 FY2025 | $4.0B | +81.8% | $1.4B | 34.7% |
| Q4 FY2024 | $3.7B | +66.6% | $1.1B | 28.9% |
| Q3 FY2024 | $2.6B | +13.0% | $659.0M | 24.9% |
| Q2 FY2024 | $2.5B | +31.0% | $837.0M | 33.7% |
Income Statement
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $2.48B | $2.65B | $3.71B | $4.05B | $3.68B | $3.92B | $3.38B | $4.24B |
| YoY Growth | 31.0% | 13.0% | 66.6% | 81.8% | 48.1% | 48.4% | -9.0% | 4.7% |
Balance Sheet
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $35.64B | $65.75B | $67.29B | $70.07B | $71.94B | $76.21B | $71.06B | $70.08B |
| Liabilities | $17.11B | $26.93B | $27.43B | $28.32B | $29.12B | $30.58B | $28.09B | $27.44B |
| Equity | $17.45B | $37.43B | $37.74B | $38.47B | $38.88B | $39.09B | $36.97B | $42.64B |
Cash Flow
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $1.53B | $1.21B | $2.34B | $2.35B | $1.68B | $2.38B | $2.34B | $1.83B |