Diamondback Energy, Inc. (FANG) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Sales/Revenue | 4.24B | 3.38B | 3.92B | 3.65B | 4.03B | 3.7B | 2.64B | 2.47B | 2.22B | 2.22B | 2.34B | 1.92B | 1.93B | 2.03B | 2.44B | 2.77B | 2.41B | 2.02B | 1.91B | 1.68B |
| Revenue Growth % | 5.18% | -8.66% | 48.86% | 47.63% | 81.74% | 66.71% | 12.65% | 28.87% | 15.22% | 9.21% | -3.98% | -30.67% | -20.06% | 0.4% | 27.59% | 64.66% | 103.38% | 162.94% | 165.28% | 295.53% |
| Cost of Goods Sold | 1.33B | 2.56B | 2.56B | 2.39B | 2.22B | 2.18B | 1.59B | 1.26B | 1.03B | 970M | 918M | 848M | 814M | 719M | 746M | 728M | 679M | 675M | 688M | 682M |
| COGS % of Revenue | 31.32% | 75.71% | 65.37% | 65.38% | 55% | 58.87% | 60.2% | 50.95% | 46.62% | 43.75% | 39.23% | 44.19% | 42.29% | 35.42% | 30.61% | 26.3% | 28.2% | 33.38% | 36.02% | 40.57% |
| Gross Profit | 2.91B | 820M | 1.36B | 1.26B | 1.81B | 1.52B | 1.05B | 1.21B | 1.18B | 1.25B | 1.42B | 1.07B | 1.11B | 1.31B | 1.69B | 2.04B | 1.73B | 1.35B | 1.22B | 999M |
| Gross Margin % | 68.68% | 24.29% | 34.63% | 34.62% | 45% | 41.13% | 39.8% | 49.05% | 53.38% | 56.25% | 60.77% | 55.81% | 57.71% | 64.58% | 69.39% | 73.7% | 71.8% | 66.62% | 63.98% | 59.43% |
| Gross Profit Growth % | 60.53% | -46.05% | 29.55% | 4.2% | 53.21% | 21.89% | -26.23% | 13.26% | 6.57% | -4.88% | -15.91% | -47.5% | -35.74% | -2.67% | 38.38% | 104.2% | 156.15% | 346.03% | 460.55% | 1000% |
| Operating Expenses | 2.8B | -50M | 123M | 125M | 141M | 108M | 339M | 57M | 66M | 42M | 82M | 71M | 86M | 55M | 77M | 62M | 69M | 36M | 58M | 44M |
| OpEx % of Revenue | 65.94% | -1.48% | 3.13% | 3.42% | 3.5% | 2.92% | 12.86% | 2.3% | 2.98% | 1.89% | 3.5% | 3.7% | 4.47% | 2.71% | 3.16% | 2.24% | 2.87% | 1.78% | 3.04% | 2.62% |
| Selling, General & Admin | 79M | 78M | 70M | 67M | 73M | 72M | 49M | 46M | 46M | 39M | 34M | 37M | 40M | 35M | 34M | 39M | 36M | 47M | 38M | 36M |
| SG&A % of Revenue | 1.86% | 2.31% | 1.78% | 1.84% | 1.81% | 1.95% | 1.86% | 1.86% | 2.07% | 1.76% | 1.45% | 1.93% | 2.08% | 1.72% | 1.4% | 1.41% | 1.49% | 2.32% | 1.99% | 2.14% |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 1000K | -1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | -1000K | 1000K | 1000K |
| Operating Income | 116M | 870M | 1.24B | 1.14B | 1.67B | 1.41B | 710M | 1.16B | 1.12B | 1.21B | 1.34B | 1B | 1.02B | 1.26B | 1.61B | 1.98B | 1.66B | 1.31B | 1.16B | 955M |
| Operating Margin % | 2.74% | 25.77% | 31.5% | 31.2% | 41.5% | 38.2% | 26.93% | 46.74% | 50.41% | 54.35% | 57.27% | 52.11% | 53.25% | 61.87% | 66.23% | 71.46% | 68.94% | 64.84% | 60.94% | 56.81% |
| Operating Income Growth % | -93.07% | -38.39% | 74.08% | -1.47% | 49.64% | 17.18% | -47.01% | 15.6% | 9.07% | -4.06% | -16.98% | -49.44% | -38.25% | -4.2% | 38.66% | 107.12% | 190.72% | 275.74% | 192.68% | 135.74% |
| EBITDA | 1.41B | 2.26B | 2.54B | 2.4B | 2.76B | 2.58B | 1.45B | 1.63B | 1.59B | 1.67B | 1.78B | 1.42B | 1.43B | 1.63B | 1.95B | 2.31B | 1.97B | 1.63B | 1.5B | 1.3B |
| EBITDA Margin % | 33.23% | 66.91% | 64.73% | 65.63% | 68.49% | 69.86% | 54.86% | 65.95% | 71.55% | 75.51% | 75.98% | 74.15% | 74.18% | 80.34% | 80.02% | 83.38% | 81.94% | 80.66% | 78.43% | 77.1% |
| EBITDA Growth % | -48.97% | -12.51% | 75.66% | 46.9% | 73.98% | 54.24% | -18.67% | 14.62% | 11.13% | 2.64% | -8.82% | -38.34% | -27.62% | 0% | 30.17% | 78.09% | 133.77% | 441.21% | 254.75% | 155.67% |
| D&A (Non-Cash Add-back) | 1.29B | 1.39B | 1.3B | 1.26B | 1.09B | 1.17B | 736M | 475M | 469M | 469M | 438M | 423M | 403M | 375M | 336M | 330M | 313M | 320M | 334M | 341M |
| EBIT | -7M | -2.25B | 1.44B | 999M | 1.93B | 1.59B | 936M | 1.19B | 1.07B | 1.31B | 1.31B | 800M | 999M | 1.31B | 1.6B | 1.9B | 1.06B | 1.36B | 924M | 479M |
| Net Interest Income | -63M | -78M | -70M | -56M | -40M | -34M | -18M | -44M | -39M | -37M | -37M | -49M | -46M | -37M | -43M | -39M | -40M | -29M | -57M | -57M |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 63M | 78M | 70M | 56M | 40M | 34M | 18M | 44M | 39M | 37M | 37M | 49M | 46M | 37M | 43M | 39M | 40M | 29M | 57M | 57M |
| Other Income/Expense | 60M | -3.2B | 134M | -196M | 221M | -7M | 208M | -10M | -86M | 70M | -71M | -249M | -72M | 33M | -54M | -115M | -636M | 19M | -297M | -533M |
| Pretax Income | 176M | -2.33B | 1.37B | 943M | 1.89B | 1.41B | 918M | 1.15B | 1.03B | 1.27B | 1.27B | 751M | 953M | 1.29B | 1.56B | 1.86B | 1.02B | 1.33B | 867M | 422M |
| Pretax Margin % | 4.15% | -69.11% | 34.91% | 25.83% | 46.99% | 38.01% | 34.83% | 46.34% | 46.53% | 57.51% | 54.23% | 39.13% | 49.51% | 63.5% | 64.01% | 67.3% | 42.52% | 65.78% | 45.39% | 25.1% |
| Income Tax | 32M | -567M | 287M | 204M | 403M | 115M | 210M | 252M | 223M | 264M | 276M | 165M | 207M | 261M | 290M | 402M | 221M | 279M | 193M | 94M |
| Effective Tax Rate % | 18.18% | 24.3% | 20.95% | 21.63% | 21.28% | 8.19% | 22.88% | 21.99% | 21.61% | 20.71% | 21.75% | 21.97% | 21.72% | 20.25% | 18.59% | 21.58% | 21.58% | 20.98% | 22.26% | 22.27% |
| Net Income | 144M | -1.46B | 1.02B | 699M | 1.41B | 1.07B | 659M | 837M | 768M | 960M | 915M | 556M | 712M | 1.01B | 1.18B | 1.42B | 779M | 1B | 649M | 311M |
| Net Margin % | 3.4% | -43.19% | 25.94% | 19.15% | 34.85% | 29.06% | 25% | 33.85% | 34.63% | 43.3% | 39.1% | 28.97% | 36.99% | 49.61% | 48.58% | 51.16% | 32.35% | 49.55% | 33.98% | 18.5% |
| Net Income Growth % | -89.75% | -235.75% | 54.48% | -16.49% | 82.94% | 11.88% | -27.98% | 50.54% | 7.87% | -4.67% | -22.72% | -60.73% | -8.6% | 0.5% | 82.43% | 355.31% | 254.09% | 235.59% | 158.31% | 113% |
| Net Income (Continuing) | 144M | -1.77B | 1.08B | 739M | 1.49B | 1.29B | 708M | 894M | 809M | 1.01B | 993M | 586M | 746M | 1.03B | 1.27B | 1.46B | 803M | 1.05B | 674M | 328M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 6.17B | 6B | 6.55B | 3.94B | 3.27B | 2.13B | 1.39B | 1.08B | 1.07B | 805M | 704M | 658M | 659M | 681M | 715M | 1.07B | 1.11B | 1.16B | 939M | 964M |
| EPS (Diluted) | 0.08 | -5.11 | 3.50 | 2.38 | 4.83 | 3.67 | 3.19 | 4.66 | 4.28 | 5.34 | 5.07 | 3.05 | 3.89 | 5.62 | 6.72 | 7.92 | 4.36 | 5.54 | 3.55 | 1.70 |
| EPS Growth % | -98.34% | -239.24% | 9.72% | -48.93% | 12.85% | -31.27% | -37.08% | 52.79% | 10.03% | -4.98% | -24.55% | -61.49% | -10.78% | 1.44% | 89.3% | 365.88% | 227.82% | 218.38% | 150.35% | 111.21% |
| EPS (Basic) | 0.08 | -5.11 | 3.50 | 2.38 | 4.83 | 3.67 | 3.19 | 4.66 | 4.28 | 5.34 | 5.07 | 3.05 | 3.87 | 5.62 | 6.72 | 7.93 | 4.39 | 5.56 | 3.55 | 1.70 |
| Diluted Shares Outstanding | 282.79M | 285.32M | 290.19M | 292.13M | 289.61M | 291.85M | 204.73M | 178.36M | 178.48M | 178.81M | 178.87M | 180.37M | 181.99M | 177.64M | 174.41M | 176.88M | 178.56M | 181M | 182.15M | 181.97M |
| Basic Shares Outstanding | 282.79M | 285.32M | 290.19M | 292.13M | 289.61M | 291.85M | 204.73M | 178.36M | 178.48M | 178.81M | 178.87M | 180.37M | 181.99M | 177.64M | 174.41M | 176.57M | 177.56M | 180.14M | 181.03M | 181.01M |
| Dividend Payout Ratio | 204.86% | - | 28.39% | 41.63% | 20.64% | 24.39% | 63.13% | 42.05% | 71.35% | 62.81% | 16.28% | 26.98% | 76.12% | 39.52% | 44.43% | 38.21% | 13.74% | 9.08% | 12.48% | 23.15% |