Diamondback Energy (FANG)
Produces Permian oil and gas while consolidating Viper's mineral and royalty portfolio.
$184.75
After hours+0.22 (+0.12%)
At close$184.53(−2.50%)
In millions of USD, except per-share figures
| In millions | Q3 FY23Sep 2023 | Q4 FY23Dec 2023 | Q1 FY24Mar 2024 | Q2 FY24Jun 2024 | Q3 FY24Sep 2024 | Q4 FY24Dec 2024 | Q1 FY25Mar 2025 | Q2 FY25Jun 2025 | Q3 FY25Sep 2025 | Q4 FY25Dec 2025 | Q1 FY26Mar 2026 | Q2 FY26Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 2,340 | 2,217 | 2,218 | 2,473 | 2,636 | 3,696 | 4,031 | 3,651 | 3,924 | 3,376 | 4,240 | 5,562 |
| Cost of revenue | 918 | 970 | 1,034 | 1,260 | 1,587 | 2,176 | 2,217 | 2,387 | 2,565 | 2,556 | 1,328 | 3,050 |
| Gross profit | 1,422 | 1,247 | 1,184 | 1,213 | 1,049 | 1,520 | 1,814 | 1,264 | 1,359 | 820 | 2,912 | 2,512 |
| 82 | 42 | 66 | 57 | 339 | 108 | 141 | 125 | 123 | −50 | 2,796 | 0 | |
| 34 | 39 | 46 | 46 | 49 | 72 | 73 | 67 | 70 | 78 | 79 | 72 | |
| General & administrative | 34 | 39 | 46 | 46 | 49 | 72 | 73 | 67 | 70 | 0 | 79 | 72 |
| Other expenses | 48 | 3 | 20 | 11 | 290 | 36 | 68 | 58 | 53 | −128 | 2,717 | −72 |
| Operating income | 1,340 | 1,205 | 1,118 | 1,156 | 710 | 1,412 | 1,673 | 1,139 | 1,236 | 870 | 116 | 2,512 |
| −71 | 70 | −86 | −10 | 208 | −7 | 221 | −196 | 134 | −3,203 | 60 | 123 | |
| Interest expense | 37 | 37 | 39 | 44 | 18 | 34 | 40 | 56 | 70 | 78 | 63 | 56 |
| Other non-operating income | 34 | −107 | 47 | −34 | −226 | −180 | −261 | 140 | −204 | 3,125 | 123 | −179 |
| Income before tax | 1,269 | 1,275 | 1,032 | 1,146 | 918 | 1,405 | 1,894 | 943 | 1,370 | −2,333 | 176 | 2,635 |
| Income tax expense | 276 | 264 | 223 | 252 | 210 | 115 | 403 | 204 | 287 | −567 | 32 | 580 |
| Net income from continuing operations | 993 | 1,011 | 809 | 894 | 708 | 1,290 | 1,491 | 739 | 1,083 | −1,766 | 144 | 2,055 |
| Net income | 915 | 960 | 768 | 837 | 659 | 1,074 | 1,405 | 699 | 1,018 | −1,458 | 144 | 1,882 |
| EPS, basic | $5.07 | $5.34 | $4.28 | $4.66 | $3.19 | $3.67 | $4.83 | $2.38 | $3.50 | −$5.11 | $0.08 | $6.65 |
| EPS, diluted | $5.07 | $5.34 | $4.28 | $4.66 | $3.19 | $3.67 | $4.83 | $2.38 | $3.50 | −$5.11 | $0.08 | $6.65 |
| Weighted average shares, basic | 179 | 179 | 178 | 178 | 205 | 292 | 290 | 292 | 290 | 285 | 283 | 281 |
| Weighted average shares, diluted | 179 | 179 | 178 | 178 | 205 | 292 | 290 | 292 | 290 | 285 | 283 | 281 |
| EBITDA | 1,744 | 1,781 | 1,540 | 1,665 | 1,672 | 2,762 | 3,022 | 2,256 | 2,744 | −866 | 1,286 | 3,963 |
| Depreciation & amortization | 438 | 469 | 469 | 475 | 736 | 1,170 | 1,088 | 1,257 | 1,304 | 1,389 | 1,293 | 1,272 |
| EBIT | 1,306 | 1,312 | 1,071 | 1,190 | 936 | 1,592 | 1,934 | 999 | 1,440 | −2,255 | −7 | 2,691 |