Income StatementBalance SheetCash FlowSegments
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Diamondback Energy Income Statement

Revenue, expenses, and profitability over time

Diamondback Energy generated $15.2B in trailing twelve-month revenue, up 0.2% year-over-year. Net income was $3.1B with a 20.68% net margin. Diluted EPS is $10.80, which declined 0.3% year-over-year. Based on the Q1 2026 filing.

Total Revenue (TTM)$15.2BOperating Income (TTM)$5.5BNet Income$25.0MEps Diluted$0.08
Latest FilingQ1 2026
Report Date2026-05-06
Market Cap$55.7B
P/E Ratio17.71
ROE8.4%

Other Income & Expense

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Derivative instruments gain (loss), net$36.0M$226.0M-$197.0M$120.0M$192.0M$117.0M
Gain (loss) on extinguishment of debt$0.0$0.0$55.0M-$32.0M$33.0M-$1.0M
Interest Income (Expense), Nonoperating-$27.0M-$40.0M-$56.0M-$70.0M-$78.0M-$63.0M
Other income (expense), net$0.0$221.0M-$196.0M$134.0M$449.0M$60.0M

Operating Income

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Other operating income$15.0M$17.0M$27.0M$18.0M$35.0M$30.0M
Operating income$1.4B$1.7B$1.1B$1.2B—$116.0M

Operating Expenses

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Depreciation and amortization$1.2B$1.1B$1.3B$1.3B$1.4B$1.3B
Other Costs and Expenses$35.0M$39.0M$36.0M$36.0M—$24.0M
Gathering, processing and transportation—$111.0M$145.0M$122.0M$137.0M$120.0M
Production and ad valorem taxes$225.0M$228.0M$214.0M$212.0M$197.0M$268.0M
Purchased oil expense—$382.0M$331.0M$455.0M$306.0M$393.0M
Selling, general and administrative$72.0M$73.0M$67.0M$70.0M$78.0M$79.0M
Total operating expenses$2.3B$2.4B$2.5B$2.7B$6.2B$4.1B

Earnings Per Share

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Basic earnings per share$3.40$4.83$2.38$3.51—$0.08
Diluted earnings per share$3.40$4.83$2.38$3.51—$0.08
Weighted-average shares, basic—289.6M292.1M288.8M—282.8M
Weighted-average shares, diluted—289.6M292.1M288.8M—282.8M

Income Before Tax

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Income before income taxes$1.4B$1.9B$943.0M$1.4B—$176.0M

Tax

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Income tax expense$115.0M$403.0M$204.0M$287.0M—$32.0M

Net Income

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Net income$1.1B$1.4B$699.0M$1.0B—$25.0M

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Comprehensive Income (Loss), Net of Tax, Attributable to Parent$835.0M$415.8M$415.8M$415.8M$415.8M—
Impairment Of Oil And Gas Properties$0.0$0.0———$1.4B
Occupancy and Related Charges$461.0M$408.0M$440.0M$490.0M$527.0M$547.0M
Other income, net (Note 6)—$35.0M-$2.0M$108.0M$314.0M$7.0M

Revenue

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Total revenue$3.7B$4.0B$3.7B$3.9B$3.4B$4.2B