Diamondback Energy, Inc.

Listed Company

FANGCIK 0001539838NasdaqLarge AcceleratedCrude Petroleum & Natural GasDelawareFY ends Dec 31

Period

FY 2025

Revenue

$15.03B

Net Income

$1.66B

Total Assets

$71.06B

Equity

$36.97B

Shares Out

281.31M

Op. Cash Flow

$8.76B

FANG$195.54+38.73% · past yearDBEQ Basic

Daily closing prices

Business

Diamondback Energy, Inc. is an independent oil and natural gas exploration, development and production company focused on unconventional onshore reserves in the Permian Basin in West Texas and New Mexico. The company develops oil-weighted resources through horizontal drilling of the Spraberry, Wolfcamp, and Bone Spring formations, with a multi-year inventory of identified drilling locations. Diamondback operates substantially all of its acreage and owns a significant minority stake in publicly traded subsidiary Viper Energy, which holds mineral interests primarily in the Permian Basin. The company distributes capital returns to shareholders through a base dividend and opportunistic stock repurchases.

Summary from 10-K filed 2026-02-25

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Other operating income	97	43	73	77	50
Total revenues	15,026	11,066	8,412	9,643	6,797
Lease operating expenses	1,865	1,286	872	652	565
Production and ad valorem taxes	851	638	525	611	425
Gathering, processing and transportation	515	356	287	—	—
Purchased oil expense	1,474	921	111	—	—
Depreciation, depletion, amortization and accretion	5,038	2,850	1,746	1,344	1,275
Impairment of oil and natural gas properties	3,700	0	0	0	0
General and administrative expenses	288	213	150	144	146
Other operating expenses, net	77	406	151	112	95
Total costs and expenses	13,760	6,670	3,842	3,135	2,796
Income (loss) from operations	1,266	4,396	4,570	6,508	4,001
Interest expense, net	−244	−135	−159	−154	−199
Other income (expense), net	455	101	100	—	—
Derivative Instruments Not Designated as Hedging Instruments, Gain (Loss), Net	341	137	−259	—	−848
Gain (loss) on extinguishment of debt, net	56	2	−4	−99	−75
Total other income (expense), net	608	105	−322	−772	−1,094
Income (loss) before income taxes	1,874	4,501	4,248	5,736	2,907
Provision for (benefit from) income taxes	327	800	912	1,174	631
Net income (loss)	1,547	3,701	3,336	4,562	2,276
Net income (loss) attributable to non-controlling interest	−117	363	193	176	94
Net income (loss) attributable to Diamondback Energy, Inc.	1,664	3,338	3,143	4,386	2,182
Basic (in dollars per share)	5.73	15.53	17.34	24.61	12.24
Diluted (in dollars per share)	5.73	15.53	17.34	24.61	12.24
Basic (in shares)	289	214	180	177	177
Diluted (in shares)	289	214	180	177	177
Pension and postretirement benefit plans	−1	2	−1	−7	0
Comprehensive income (loss) attributable to Diamondback Energy, Inc	1,663	3,340	3,142	4,379	2,182

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents ($13 million and $27 million related to Viper)	104	161	582	157	654
Restricted cash	2	3	3	7	18
Joint interest and other, net	258	198	192	104	72
Oil and natural gas sales, net ($262 million and $149 million related to Viper)	1,128	1,387	654	618	598
Inventories	86	116	63	67	62
Prepaid expenses and other current assets ($50 million and $31 million related to Viper)	337	245	110	23	28
Total current assets	1,915	2,110	1,621	1,392	1,446
Proved properties ($9,746 million and $3,533 million related to Viper)	71,588	59,574	—	—	—
Unproved properties ($4,910 million and $2,180 million related to Viper)	23,941	22,666	8,659	8,355	8,496
Other property, equipment and land	874	1,440	673	1,481	1,250
Accumulated depletion, depreciation, amortization and impairment ($2,455 million and $1,081 million related to Viper)	−27,782	−19,208	−16,429	−14,844	−13,545
Property and equipment, net	68,621	64,472	26,674	23,759	20,619
Other assets	523	710	131	42	76
Total assets	71,059	67,292	29,001	26,209	22,898
Accounts payable and accrued capital expenditures	1,168	943	—	—	—
Current maturities of debt	763	900	0	10	45
Other accrued liabilities	1,108	1,020	475	399	419
Revenues and royalties payable	1,397	1,491	764	619	452
Derivative instruments	15	43	86	47	174
Income taxes payable	149	414	29	34	17
Total current liabilities	4,600	4,811	2,108	1,716	1,438
Long-term debt ($2,186 million and $1,083 million related to Viper)	13,726	12,075	6,641	6,238	6,642
Deferred income taxes	9,141	9,826	2,449	2,069	1,338
Other long-term liabilities	625	718	12	12	40
Total liabilities	28,092	27,430	11,571	10,519	9,653
Commitments and contingencies (Note 15)	—	—	—	—	—
Common stock, $0.01 par value; 800,000,000 shares authorized; 284,594,908 and 290,984,373 shares issued and outstanding at December 31, 2025 and December 31, 2024, respectively	3	3	2	2	2
Additional paid-in capital	32,236	33,501	14,142	14,213	14,084
Retained earnings (accumulated deficit)	4,740	4,238	2,489	801	−1,998
Accumulated other comprehensive income (loss)	−7	−6	−8	−7	0
Total Diamondback Energy, Inc. stockholders equity	36,972	37,736	16,625	15,009	12,088
Non-controlling interest	5,995	2,126	805	681	1,157
Total equity	42,967	39,862	17,430	15,690	13,245
Total liabilities and stockholders equity	71,059	67,292	29,001	26,209	22,898

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Provision for (benefit from) deferred income taxes	−519	15	378	720	606
Depreciation, depletion, amortization and accretion	5,038	2,850	1,746	1,344	1,275
(Gain) loss on derivative instruments, net	−341	−137	259	—	—
Cash received (paid) on settlement of derivative instruments	181	−51	−110	−850	—
Other	−430	133	11	85	39
Accounts receivable	386	−42	−71	−47	−196
Accounts payable and accrued liabilities	−343	−376	57	−47	−41
Income taxes payable	−399	87	−5	17	0
Revenues and royalties payable	15	168	123	156	148
Other	27	67	192	−16	−47
Net cash provided by (used in) operating activities	8,758	6,413	5,920	6,325	3,944
Additions to oil and natural gas properties	−3,523	−2,867	−2,701	−1,938	−1,457
Property acquisitions	−5,938	−8,920	−2,013	−1,675	−787
Proceeds from sale of assets	1,670	467	1,407	—	—
Other	−18	99	−16	−44	−85
Net cash provided by (used in) investing activities	−7,809	−11,221	−3,323	−3,330	−1,539
Proceeds from debt	15,042	9,875	5,179	—	—
Repayment of debt	−13,467	−3,502	−4,802	—	—
Proceeds from partial sale of investment in Viper	0	451	0	0	—
Net proceeds from Vipers issuance of common stock	1,232	476	0	0	0
Dividends paid to stockholders	−1,156	−1,578	−1,444	−1,572	−312
Dividends/distributions to non-controlling interest	−382	−227	−129	−217	−112
Other	−266	−149	−140	−69	−36
Net cash provided by (used in) financing activities	−1,007	4,387	−2,176	−3,503	−1,841
Net increase (decrease) in cash, cash equivalents and restricted cash	−58	−421	421	−508	564

Filings

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Frequently asked questions

What is Diamondback Energy, Inc.'s CIK number?

Diamondback Energy, Inc.'s SEC CIK number is 0001539838 (1539838). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.

Where can I find Diamondback Energy, Inc.'s SEC filings?

All of Diamondback Energy, Inc.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.

When did Diamondback Energy, Inc. last report earnings?

Diamondback Energy, Inc. (FANG) most recently filed an earnings 8-K with the SEC on Jul 13, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001539838-26-000134). This is Diamondback Energy, Inc.'s most recent earnings filing of record — not a forecast of its next earnings date.

What is Diamondback Energy, Inc.'s most recent earnings 8-K?

Diamondback Energy, Inc.'s latest earnings 8-K (Item 2.02) was filed Jul 13, 2026 under accession 0001539838-26-000134. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.

View Diamondback Energy, Inc.'s latest earnings 8-K →
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