Diamondback Energy

FANG Energy Market cap $57.6B as of Sep 14, 2026 16:00 ET S&P 500

Q2 FY26 Apr 1 – Jun 30, 2026 reported Aug 5, 2026

Revenue$5.56B +51% year over year

Gross profit$3.86B 69% margin

Operating profit$2.51B 45% margin

Net profit$1.88B 34% margin

The numbers behind the diagram

All figures in billions of U.S. dollars, for Q2 FY26 (period ends Jun 30, 2026).
Item	Value	Share of revenue	Year over year
Revenue	5.56	100%	+51%
Oil sales midland basin	4.29	77%
Natural sales	0.44	8%
Natural gas liquid sales	0.41	7%
Revenues Delaware basin	0.35	6%
Other service	0.04	1%
Natural… Delaware basin	0.03	1%
Total oil, natural gas	<0.01	0%
Other oil sales	<0.01	0%
Cost of revenue	−1.71	31%
Gross profit	3.86	69% margin	+2pp
SG&A	−0.07	1%	−1pp
Other	−1.27	23%
Operating profit	2.51	45% margin	+14pp
Interest & other costs	−0.05
Tax	−0.58
Net profit	1.88	34% margin	+15pp

Figures are rounded to the precision shown, so a column can differ slightly from its own total.

Filing on EDGAR This quarter on its own page

All figures in billions of U.S. dollars, for Q1 FY26 (period ends Mar 31, 2026).
Item	Value	Share of revenue	Year over year
Revenue	4.24	100%	+5%
Cost of revenue	−2.75	65%
Gross profit	1.49	35% margin	−35pp
SG&A	−0.08	2%	+0pp
Other	−1.29	30%
Operating profit	0.12	3% margin	−39pp
Interest & other costs	−0.06
Tax	−0.03
Net profit	0.03	1% margin	−34pp

Filing on EDGAR This quarter on its own page

All figures in billions of U.S. dollars, for Q3 FY25 (period ends Sep 30, 2025).
Item	Value	Share of revenue	Year over year
Revenue	3.92	100%	+48%
Exploration & production	2.99	76%	+39%
Oil purchased	0.46	12%	+63%
Liquids production	0.37	10%	+73%
Natural gas production	0.09	2%
Cost of revenue	−1.33	34%
Gross profit	2.59	66% margin	+9pp
SG&A	−0.07	2%	+0pp
Other	−1.29	33%	+0pp
Operating profit	1.24	31% margin	+5pp
Other income, net	0.07
Tax	−0.29
Net profit	1.02	26% margin	+1pp

Figures are rounded to the precision shown, so a column can differ slightly from its own total.

Filing on EDGAR This quarter on its own page

All figures in billions of U.S. dollars, for Q2 FY25 (period ends Jun 30, 2025).
Item	Value	Share of revenue	Year over year
Revenue	3.68	100%	+48%
Oil natural gas	3.32	90%
Gas liquids production	0.37	10%
Cost of revenue	−1.21	33%
Gross profit	2.47	67% margin	−1pp
SG&A	−0.07	2%	+0pp
Other	−1.27	34%	+0pp
Operating profit	1.14	31% margin	−16pp
Interest & other costs	−0.24
Tax	−0.20
Net profit	0.70	19% margin	−15pp

Figures are rounded to the precision shown, so a column can differ slightly from its own total.

Filing on EDGAR This quarter on its own page

All figures in billions of U.S. dollars, for Q1 FY25 (period ends Mar 31, 2025).
Item	Value	Share of revenue	Year over year
Revenue	4.05	100%	+82%
Oil natural gas	3.66	90%
Gas liquids production	0.41	10%
Cost of revenue	−1.21	30%
Gross profit	2.84	70% margin	−3pp
SG&A	−0.07	2%	+0pp
Other	−1.10	27%	+0pp
Operating profit	1.67	41% margin	−9pp
Other income, net	0.14
Tax	−0.40
Net profit	1.41	35% margin	+0pp

Figures are rounded to the precision shown, so a column can differ slightly from its own total.

Filing on EDGAR This quarter on its own page

All figures in billions of U.S. dollars, for Q4 FY24 (period ends Dec 31, 2024).
Item	Value	Share of revenue	Year over year
Revenue	3.71	100%	+67%
Exploration & production	3.04	82%
Liquids production	0.38	10%
Oil purchased	0.23	6%
Natural gas production	0.05	2%
Cost of revenue	−1.07	29%
Gross profit	2.64	71% margin	−6pp
SG&A	−0.07	2%	+0pp
Other	−1.16	31%	+0pp
Operating profit	1.41	38% margin	−16pp
Other income, net	0.14
Tax	−0.12
Net profit	1.44	39% margin	−13pp

Figures are rounded to the precision shown, so a column can differ slightly from its own total.

Filing on EDGAR This quarter on its own page

Financial health

The balance sheet, the quarter's capital flow, the debt schedule and the capital structure of the quarter shown above.

Every set of results we hold, newest first. Open one on its own page.

Quarter	Period	Reported	Revenue	Year over year	Operating margin	Net profit	Net margin
Q2 FY26 Apr 1 – Jun 30, 2026 reported Aug 5, 2026 Operating margin 45% Net profit $1.88B	Apr 1 – Jun 30, 2026	Aug 5, 2026	$5.56B	+51%	45%	$1.88B	34%
Q1 FY26 Jan 1 – Mar 31, 2026 reported May 6, 2026 Operating margin 3% Net profit $0.03B	Jan 1 – Mar 31, 2026	May 6, 2026	$4.24B	+5%	3%	$0.03B	1%
Q3 FY25 Jul 1 – Sep 30, 2025 reported Nov 5, 2025 Operating margin 31% Net profit $1.02B	Jul 1 – Sep 30, 2025	Nov 5, 2025	$3.92B	+48%	31%	$1.02B	26%
Q2 FY25 Apr 1 – Jun 30, 2025 reported Aug 6, 2025 Operating margin 31% Net profit $0.70B	Apr 1 – Jun 30, 2025	Aug 6, 2025	$3.68B	+48%	31%	$0.70B	19%
Q1 FY25 Jan 1 – Mar 31, 2025 reported May 7, 2025 Operating margin 41% Net profit $1.41B	Jan 1 – Mar 31, 2025	May 7, 2025	$4.05B	+82%	41%	$1.41B	35%
Q4 FY24 Oct 1 – Dec 31, 2024 reported Feb 26, 2025 Operating margin 38% Net profit $1.44B	Oct 1 – Dec 31, 2024	Feb 26, 2025	$3.71B	+67%	38%	$1.44B	39%