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Diamondback Energy FANG Purchased oil expense

Purchased oil expense at other companies

Imperial Oil logo
Imperial OilIMO
$8.18B+5.4%
HF Sinclair logo
HF SinclairDINO
$5.98B+9.2%
APA Corporation logo
APA CorporationAPA
$75M-84.2%
CVR Partners logo
CVR PartnersUAN
$29.43M+5.5%
Ligand Pharmaceuticals logo
Ligand PharmaceuticalsLGND
$3.27M-32.5%
NWN
Northwest NaturalNWN
$158.15M-8.6%

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$53.38B+27.7%
Enterprise value$67.85B+19.6%
P/E17×-9.9×
P/S3.5×+0.5×

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 fang:PurchasedOilExpense.

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 purchased oil expense?
Diamondback Energy (FANG) reported purchased oil expense of $393M in Q1 2026.
How has Diamondback Energy's purchased oil expense changed year-over-year?
Diamondback Energy's purchased oil expense increased by 2.9% year-over-year, from $382M to $393M.
What is the long-term trend for Diamondback Energy's purchased oil expense?
Over 2 years (2023 to 2025), Diamondback Energy's purchased oil expense has grown at a 264.4% compound annual growth rate (CAGR), from $111M to $1.47B.
What does purchased oil expense mean?
This expense reflects the cost of purchasing oil or gas from third parties to fulfill delivery contracts or to optimize blending and processing operations. It is a direct cost associated with maintaining supply chain commitments.