What is Diamondback Energy's net income?

Diamondback Energy (FANG) reported net income of $144M 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 $144M.

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 $3.7B.

What does net income mean?

Net income as the starting point for the indirect method operating cash flow reconciliation.

Diamondback Energy FANG Net Income

Net Income at other companies

ChevronCVX

$2.29B-34.7%

Occidental PetroleumOXY

$3.36B+255%

SM EnergySM

-$335M-284%

Devon EnergyDVN

$120M-76.4%

Northern Oil and GasNOG

-$522.85M-476%

ConocoPhillipsCOP

$2.18B-23.4%

Other financials

Income statement

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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

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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

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Operating cash flow$1.8B-22.4%

Valuation

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Market cap$49.45B+20.1%

Enterprise value$63.92B+14.0%

P/E15.7×-9.2×

P/S3.3×+0.3×

Profitability

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Operating margin35.5%-8.2pp

Net margin27.3%-6.3pp

Returns & leverage

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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:ProfitLoss.

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 net income?: Diamondback Energy (FANG) reported net income of $144M 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 $144M.
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 $3.7B.
What does net income mean?: Net income as the starting point for the indirect method operating cash flow reconciliation.