The financials
Diamondback Energy by the numbers
Diamondback Energy (FANG) reported revenue of $5.56B in Q2 2026 (quarter ended Jun 30, 2026), up 51% from the same quarter a year earlier. That came with net income of $1.88B (34% of revenue). For the full year FY2025, revenue was $15.0B (+36% year on year) and net income $1.66B. Its largest product in Q2 2026 was Oil Explorationand Production at $4.63B, 80% of the disclosed total, well ahead of Oil Purchased at 13%.
| Income statement | Q2 2026 | Q2 2025 | Change |
|---|---|---|---|
| Revenue | $5.56B | $3.68B | +51% |
| Operating income | $2.51B | $1.14B | +121% |
| Net income | $1.88B | $699M | +169% |
| Diluted EPS | $6.65 | $2.38 | +179% |
| Product | Revenue | Share |
|---|---|---|
| Oil Explorationand Production | $4.63B | 80% |
| Oil Purchased | $739M | 13% |
| Natural Gas Liquids Production | $435M | 7.5% |
Business Segments
Revenue split by product segment, from SEC XBRL filings.
Latest period: Q2 2026Total $5.53B (+31%)
Oil Purchased grew +121% year on yearNatural Gas Production -385% year on year
Segment Latestquarter on quarteryear on year
- Oil Exploration and Production$4.63B$4.63BQoQ +34%year on year +62%+34%+62%
- Oil Purchased$739.0M$739.0MQoQ +92%year on year +121%+92%+121%
- Natural Gas Liquids Production$435.0M$435.0MQoQ +21%year on year +19%+21%+19%
- Natural Gas Production−$276.0M−$276.0MQoQ -1414%year on year -385%-1414%-385%
Oil & Gas E&P
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