FANG · Q3 FY25 · Sep 30, 2025
Diamondback Energy Q3 FY25: where the revenue came from and where it went
Diamondback Energy Q3 FY25: revenue $3.9B (+48% year over year). Net profit $1B. Largest cohort Oil Exploration and Production $3B. The whole income statement as a sankey diagram from the SEC filing.
- Period
- Sep 30, 2025
- Reported
- Nov 5, 2025
Tap the diagram to enlarge · figures in billions of dollars
Revenue$3.9B
+48% year over year
Gross profit$2.6B
66% margin
Operating profit$1.2B
31% margin
Net profit$1B
26% margin
The numbers
| Item | Value | Share of revenue | Year over year |
|---|---|---|---|
| Revenue | 3.9 | 100% | +48% |
| Oil Exploration and Production | 3 | 77% | +39% |
| Oil Purchased | 0.5 | 13% | +63% |
| Natural Gas Liquids Production | 0.4 | 10% | +73% |
| Natural Gas Production | 0.1 | 3% | |
| Cost of revenue | −1.3 | 33% | |
| Gross profit | 2.6 | 66% margin | +9pp |
| SG&A | −0.1 | 2% | +0pp |
| Other | −1.3 | 33% | +0pp |
| Operating profit | 1.2 | 31% margin | +5pp |
| Tax | −0.3 | ||
| Net profit | 1 | 26% | +1pp |
Older quarters
-
Q2 FY25 6/2025Revenue $3.7B Net margin 19%
-
Q1 FY25 3/2025Revenue $4B Net margin 35%
-
Q4 FY24 12/2024Revenue $3.7B Net margin 39%
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