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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 27.32% 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 (TTM)$4.2BEps Diluted (TTM)$14.25
Latest FilingQ1 2026
Report Date2026-05-06
Market Cap$53.9B
P/E Ratio17.13
ROE10.97%

Earnings Per Share

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Basic earnings per share$3.53$4.83$2.38$3.51—$0.08
Diluted earnings per share$3.53$4.83$2.38$3.51—$0.08
Weighted-average shares, basic213.5M289.6M292.1M288.8M289.1M282.8M
Weighted-average shares, diluted213.5M289.6M292.1M288.8M289.1M282.8M

Other Income & Expense

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Gain (loss) on extinguishment of debt$0$0$55M-$32M$33M-$1M
Interest Income (Expense), Nonoperating-$34M-$40M-$56M-$70M-$78M-$63M
Other income (expense), net$0$221M-$196M$134M$449M$60M

Income Before Tax

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Income before income taxes$1.4B$1.9B$943M$1.4B—$176M

Tax

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Income tax expense$115M$403M$204M$287M—$32M

Net Income

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Net income$1.1B$1.4B$699M$1B—$25M

Operating Expenses

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Gathering, processing and transportation$95M$111M$145M$122M$137M$120M
Production and ad valorem taxes$225M$228M$214M$212M$197M$268M
Purchased oil expense$225M$382M$331M$455M$306M$393M
Other operating expenses$338M$76M$36M$36M—$24M
Selling, general and administrative$72M$73M$67M$70M$78M$79M
Total operating expenses$2.3B$2.4B$2.5B$2.7B$6.2B$4.1B

Operating Income

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Operating income$1.4B$1.7B$1.1B$1.2B—$116M

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Comprehensive Income (Loss), Net of Tax, Attributable to Parent$835M$415.8M$415.8M$415.8M$415.8M—
Derivative, Gain (Loss) on Derivative, Net$36M$226M-$197M$120M$192M$117M
Occupancy and Related Charges$461M$408M$440M$490M$527M$547M
Other income, net (Note 6)$14M$35M-$2M$108M$322M$7M

Revenue

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Total revenue$3.7B$4B$3.7B$3.9B$3.4B$4.2B