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Segments

By product

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Oil sales$4.63B+62.2%
Sales of purchased oil$739M+121%
Natural gas liquid sales$435M+18.5%
Natural gas sales-$276M-385%

Other financials

Income statement

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Operating income$2.5B+121%
Net income$1.9B+169%
EPS (diluted)$6.65+179%

Balance sheet

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Cash & equivalents$464.0M+110%
Total debt$14.2B-6.5%
Total equity$37.9B-2.5%
Total assets$70.2B-2.4%

Cash flow

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Operating cash flow$3.6B+114%

Valuation

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Market cap$55.96B+31.4%
Enterprise value$69.66B+21.1%
P/E15.4×-9.0×
P/S3.3×+0.2×

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 ratio0.5×-0.1×

Where this comes from

Reported directly by Diamondback Energy in its filing.

Tagged under the XBRL concept us-gaap:Revenues.

The source filing: Diamondback Energy’s 10-Q, filed August 5, 2026.

Filed
Aug 5, 2026, 4:05 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001539838-26-000142
Line itemThree Months Ended June 30, 2026Three Months Ended June 30, 2025Six Months Ended June 30, 2026Six Months Ended June 30, 2025
Natural gas liquid sales435367794773
Sales of purchased oil7393351,124709
Other operating income37276744
Total revenues5,5623,6789,8027,726
Costs and expenses:
Lease operating expenses5524401,099848
Production and ad valorem taxes302214570442
Gathering, processing and transportation113145233256

Item 1. Financial Statements (Unaudited)

FAQ

What is Diamondback Energy's total revenue?
Diamondback Energy (FANG) reported total revenue of $5.56B in Q2 2026.
How has Diamondback Energy's total revenue changed year-over-year?
Diamondback Energy's total revenue increased by 51.2% year-over-year, from $3.68B to $5.56B.
What is the long-term trend for Diamondback Energy's total revenue?
Over 4 years (2021 to 2025), Diamondback Energy's total revenue has grown at a 21.9% compound annual growth rate (CAGR), from $6.8B to $15.03B.
What does total revenue mean?
The aggregate of all revenue from the company's operations — the top line from which all profitability metrics are derived.

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