FINHUB Insights

FANG · Q2 FY26 · Apr 1 – Jun 30, 2026

Diamondback Energy Q2 FY26: where the revenue came from and where it went

Diamondback Energy Q2 FY26: revenue $5.6B (+51% year over year). Net profit $1.9B. Largest cohort Oil sales midland basin $4.3B. The whole income statement as a sankey diagram from the SEC filing.

Period
Apr 1 – Jun 30, 2026
Reported
Aug 5, 2026 10-Q
Sankey diagram of Diamondback Energy's income statement for Q2 FY26: revenue of $5.56 billion splits into segments and flows out into costs, taxes and net profit.
100% free

It's free. All of it.

Create a free account and every diagram unlocks. All we ask for is your email.

Continue with Google Create a free account

Already have an account? Sign in

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

All figures in billions of U.S. dollars, for Q2 FY26 (period ends Jun 30, 2026).
ItemValueShare of revenueYear over year
Revenue 5.56 100% +51%
Oil sales midland basin 4.29 77% +63%
Natural sales 0.44 8% +19%
Natural gas liquid sales 0.41 7%
Revenues Delaware basin 0.35 6%
Other service 0.04 1% +37%
Natural… Delaware basin 0.03 1%
Total oil, natural gas <0.01 0%
Other oil sales <0.01 0% −95%
Cost of revenue−1.7131%
Gross profit3.8669% margin+2pp
SG&A−0.071%−1pp
Other−1.2723%+0pp
Operating profit2.5145% margin+14pp
Tax−0.58
Interest & other costs−0.05
Net profit1.8834%+15pp
Filing on EDGAR More quarters of FANG

Source of the numbers: tables in the filing (10-Q). The diagram is generated automatically and checked against EDGAR before release. How we calculate it → About and methodology.