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Diamondback Energy FANG Payments to Explore and Develop Oil and Gas Properties

Payments to Explore and Develop Oil and Gas Properties at other companies

SM Energy logo
SM EnergySM
$555M+34.1%
Northern Oil and Gas logo
Northern Oil and GasNOG
$634.62M+140%
Ring Energy logo
Ring EnergyREI
$32.51M+4.6%
Permian Resources logo
Permian ResourcesPR
$466.23M-6.9%
HighPeak Energy, Inc. logo
HighPeak Energy, Inc.HPK
$78.78M-56.2%
Crescent Energy logo
Crescent EnergyCRGY
$320.4M+60.8%

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+17.6%
Enterprise value$63.92B+12.1%
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:PaymentsToExploreAndDevelopOilAndGasProperties.

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 payments to explore and develop oil and gas properties?
Diamondback Energy (FANG) reported payments to explore and develop oil and gas properties of $933M in Q1 2026.
How has Diamondback Energy's payments to explore and develop oil and gas properties changed year-over-year?
Diamondback Energy's payments to explore and develop oil and gas properties decreased by 1.0% year-over-year, from $942M to $933M.
What is the long-term trend for Diamondback Energy's payments to explore and develop oil and gas properties?
Over 4 years (2021 to 2025), Diamondback Energy's payments to explore and develop oil and gas properties has grown at a 24.7% compound annual growth rate (CAGR), from $1.46B to $3.52B.
What does payments to explore and develop oil and gas properties mean?
Cash outflows directed toward the exploration for new reserves and the development of existing oil and gas assets. This includes drilling costs, infrastructure setup, and geological assessments required to bring production online.