Net Income
Diamondback Energy Net Income decreased by 86.7% to $144.00M in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 90.3%, from $1.49B to $144.00M. Over 3 years (FY 2021 to FY 2024), Net Income shows an upward trend with a 17.6% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.
Analysis
How to read this metric
An increase signals improved profitability and potential for higher dividends or reinvestment, while a decrease may indicate rising costs or slowing sales.
Detailed definition
Net income represents the total profit of the company after all operating expenses, interest, taxes, and preferred stock...
Peer comparison
Peer companies in the consumer electronics and software sectors typically trade on multiples of this figure, though it can be impacted by one-time tax events.
net_income_cfHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $328.00M | $674.00M | $1.05B | $803.00M | $1.46B | $1.27B | $1.03B | $746.00M | $586.00M | $993.00M | $1.01B | $809.00M | $894.00M | $708.00M | $1.29B | $1.49B | $739.00M | $1.08B | $144.00M |
| QoQ Change | — | +105.5% | +55.9% | -23.6% | +81.9% | -13.1% | -19.1% | -27.4% | -21.4% | +69.5% | +1.8% | -20.0% | +10.5% | -20.8% | +82.2% | +15.6% | -50.4% | +46.5% | -86.7% |
| YoY Change | — | — | — | — | +345.4% | +88.4% | -2.2% | -7.1% | -59.9% | -21.8% | -1.7% | +8.4% | +52.6% | -28.7% | +27.6% | +84.3% | -17.3% | +53.0% | -90.3% |
Business Segments
| Segment | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 |
|---|---|---|---|---|---|---|---|---|
| Upstream | $987.00M | $626.00M | $530.00M | $887.00M | $950.00M | $744.00M | $809.00M | $563.00M |
| All Other | — | $108.00M | $67.00M | $50.00M | $18.00M | $21.00M | $26.00M | $96.00M |
| Total | $1.03B | $746.00M | $586.00M | $993.00M | $1.01B | $809.00M | $894.00M | $708.00M |
All Other, Upstream were previously reported and have since been discontinued or reclassified. Only currently active segments are shown in the chart.
Net Income at Other Companies
Frequently Asked Questions
- What is Diamondback Energy's net income?
- Diamondback Energy (FANG) reported net income of $144.00M in Q1 2026.
- How has Diamondback Energy's net income changed year-over-year?
- Diamondback Energy's net income decreased by 90.3% year-over-year, from $1.49B to $144.00M.
- What is the long-term trend for Diamondback Energy's net income?
- Over 3 years (2021 to 2024), Diamondback Energy's net income has grown at a 17.6% compound annual growth rate (CAGR), from $2.28B to $3.70B.
- What does net income mean?
- The company's total profit after all expenses and taxes have been paid.