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Diamondback Energy FANG Deferred Taxes

Deferred Taxes at other companies

ChevronCVX

-$264M-155%

Occidental PetroleumOXY

$50M+140%

SM EnergySM

-$85M-427%

Devon EnergyDVN

$234M+471%

Northern Oil and GasNOG

-$171.22M-467%

ConocoPhillipsCOP

$102M+244%

Other financials

Income statement

Revenue$4.2B+4.7%

Operating income$116.0M-93.1%

Net income$25.0M-98.2%

EPS (diluted)$0.08-98.3%

Balance sheet

Cash & equivalents$176.0M-91.4%

Total debt$14.6B-1.2%

Total equity$36.5B-5.2%

Total assets$70.1B0.0%

Cash flow

Operating cash flow$1.8B-22.4%

Valuation

Market cap$49.45B+17.6%

Enterprise value$63.92B+12.1%

P/E15.7×-9.2×

P/S3.3×+0.3×

Profitability

Operating margin35.5%-8.2pp

Net margin27.3%-6.3pp

Returns & leverage

Return on equity11%-1.0pp

Debt / equity0.4×0.0×

Current ratio0.6×-0.3×

Where this comes from

Reported directly by Diamondback Energy in its filing.

Tagged under the XBRL concept us-gaap:DeferredIncomeTaxExpenseBenefit.

The official record: Diamondback Energy’s 10-Q, filed May 6, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Diamondback Energy's deferred taxes?: Diamondback Energy (FANG) reported deferred taxes of -$242M in Q1 2026.
How has Diamondback Energy's deferred taxes changed year-over-year?: Diamondback Energy's deferred taxes decreased by 4133.3% year-over-year, from $6M to -$242M.
What is the long-term trend for Diamondback Energy's deferred taxes?: Over 3 years (2021 to 2025), Diamondback Energy's deferred taxes has grown at a -5.0% compound annual growth rate (CAGR), from $606M to -$519M.
What does deferred taxes mean?: Non-cash deferred tax expense or benefit representing the change in deferred tax assets/liabilities during the period.