Income Tax
Diamondback Energy Income Tax decreased by 88.9% to $32.00M in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 92.1%, from $403.00M to $32.00M. Over 3 years (FY 2021 to FY 2024), Income Tax shows an upward trend with a 8.2% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
How to read this metric
Changes may reflect shifts in corporate tax law, geographic earnings mix, or the expiration of tax incentives.
Detailed definition
The total amount of income tax a company expects to pay to federal, state, and foreign governments based on its earnings...
Peer comparison
Global companies often have complex tax expenses due to earnings in multiple international jurisdictions.
income_tax_expenseHistorical 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 | $94.00M | $193.00M | $279.00M | $221.00M | $402.00M | $290.00M | $261.00M | $207.00M | $165.00M | $276.00M | $264.00M | $223.00M | $252.00M | $210.00M | $115.00M | $403.00M | $204.00M | $287.00M | $32.00M |
| QoQ Change | — | +105.3% | +44.6% | -20.8% | +81.9% | -27.9% | -10.0% | -20.7% | -20.3% | +67.3% | -4.3% | -15.5% | +13.0% | -16.7% | -45.2% | +250.4% | -49.4% | +40.7% | -88.9% |
| YoY Change | — | — | — | — | +327.7% | +50.3% | -6.5% | -6.3% | -59.0% | -4.8% | +1.1% | +7.7% | +52.7% | -23.9% | -56.4% | +80.7% | -19.0% | +36.7% | -92.1% |
Business Segments
| Segment | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 |
|---|---|---|---|---|---|---|---|---|
| Upstream | $261.00M | $203.00M | $162.00M | $261.00M | $262.00M | $221.00M | $249.00M | $201.00M |
| All Other | — | $4.00M | $3.00M | $15.00M | $2.00M | $2.00M | $3.00M | $9.00M |
| Total | $261.00M | $207.00M | $165.00M | $276.00M | $264.00M | $223.00M | $252.00M | $210.00M |
All Other, Upstream were previously reported and have since been discontinued or reclassified. Only currently active segments are shown in the chart.
Income Tax at Other Companies
Frequently Asked Questions
- What is Diamondback Energy's income tax?
- Diamondback Energy (FANG) reported income tax of $32.00M in Q1 2026.
- How has Diamondback Energy's income tax changed year-over-year?
- Diamondback Energy's income tax decreased by 92.1% year-over-year, from $403.00M to $32.00M.
- What is the long-term trend for Diamondback Energy's income tax?
- Over 3 years (2021 to 2024), Diamondback Energy's income tax has grown at a 8.2% compound annual growth rate (CAGR), from $631.00M to $800.00M.
- What does income tax mean?
- The amount of money a company sets aside to pay its corporate income taxes.