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Diamondback Energy FANG Income Tax

Income Tax at other companies

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$154M-55.6%

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-$75M-250%

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$46M-66.4%

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-$173.07M-470%

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$1.18B-27.0%

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+20.1%

Enterprise value$63.92B+14.0%

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:IncomeTaxExpenseBenefit.

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 income tax?: Diamondback Energy (FANG) reported income tax of $32M 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 $403M to $32M.
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 $631M to $800M.
What does income tax mean?: Total income tax expense (current + deferred) recognized in the income statement, representing the company's total tax obligation on pre-tax income.