Diamondback Energy Q2 FY26: where the revenue came from and where it went
The whole income statement of Diamondback Energy for this quarter, as one diagram: what earned the revenue, and what it went on.
- Period
- 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
| 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 |
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