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Diamondback Energy FANG

US equityMarket cap rank #293Oil & Gas E&PShale Oil
$189.34
+$3.69 (+1.99%)
Market open · Sep 24, 2:00 pm ET
After hours $185.65 0.00%
Open$187.96
Prev close$185.65
Day range$186.11 – $191.40
Volume1.31M
Market cap$53.02B
P/E (TTM)36.1
Dividend yield2.19%

Fundamentals

Latest reported quarter: Q2, ended Jun 2026

Revenue$5.53B+51.3% YoY
Operating profit$2.51B+120.5% YoY
Net profit$2.06B+178.1% YoY
Diluted EPS$6.65+179.4% YoY
Free cash flow$2.16B+193.2% YoY
Operating cash flow$3.59B

Revenue, last 8 quarters

$2.6BSep '24$3.7BDec '24$4.0BMar '25$3.7BJun '25$3.9BSep '25$3.3BDec '25$4.2BMar '26$5.5BJun '26

Net profit, last 8 quarters

$708.0MSep '24$1.3BDec '24$1.5BMar '25$739.0MJun '25$1.1BSep '25$-1.8BDec '25$144.0MMar '26$2.1BJun '26

Diluted EPS by quarter

3.19Sep '243.67Dec '244.83Mar '252.38Jun '253.51Sep '25-5.11Dec '250.08Mar '266.65Jun '26

Free cash flow by quarter

$-7.3BSep '24$482.0MDec '24$663.0MMar '25$-2.3BJun '25$73.0MSep '25$873.0MDec '25$581.0MMar '26$2.2BJun '26

Annual revenue

$2.8BFY20$6.7BFY21$9.6BFY22$8.3BFY23$11.0BFY24$14.9BFY25

Profitability & balance sheet

Gross margin37.1%
Operating margin36.1%
Net margin8.6%
Return on equity3.8%
Return on assets2.1%
Return on invested capital3.3%
Current ratio0.47
Liabilities / assets37.4%
Cash & investments$462.00M
Total debt$12.61B
Net cash (debt)-$12.15B
Free cash flow / sales21.7%

Income statement

Line item 2026 Q2 2026 Q1 2025 ANNUAL 2025 Q4 2025 Q3
Total Revenue as Reported $5.56B $4.24B $15.03B $3.38B $3.92B
Total Operating Revenue $5.53B $4.21B $14.93B $3.34B $3.91B
Cost of Revenue $2.96B $2.61B $9.71B $2.55B $2.57B
Gross Profit $2.56B $1.60B $5.22B $793.00M $1.34B
Operating Expense $52.00M $81.00M $303.00M $17.00M $88.00M
Selling and Admin Expenses $72.00M $79.00M $288.00M $78.00M $70.00M
-General & Admin Expense $72.00M $79.00M $288.00M $78.00M $70.00M
Other Operating Expenses -$20.00M $2.00M $15.00M -$61.00M $18.00M
Operating Profit $2.51B $1.52B $4.92B $776.00M $1.25B
Net Non-Operating Interest Income (Expense) -$56.00M -$63.00M -$244.00M -$78.00M -$70.00M
Non-Operating Interest Expense $56.00M $63.00M $265.00M $99.00M $70.00M
Other Income (Expense) $179.00M -$1.28B -$2.80B -$3.03B $187.00M
Gain on Sale of Security $49.00M $117.00M $341.00M $172.00M $128.00M
Special Income (Charges) $134.00M -$1.40B -$3.60B -$3.53B -$49.00M
-Less:Impairment of Capital Assets $0.00 $1.40B $3.65B – –
-Less:Other Special Charges -$134.00M $1.00M -$56.00M -$33.00M $32.00M
Other Non-Operating Income (Expenses) -$4.00M $7.00M $455.00M $322.00M $108.00M
Pretax Profit $2.64B $176.00M $1.87B -$2.33B $1.37B
Tax $580.00M $32.00M $327.00M -$567.00M $287.00M
Net Profit $2.06B $144.00M $1.55B -$1.77B $1.08B
Profit from Continuing Operations $2.06B $144.00M $1.55B -$1.77B $1.08B
Minority Interests $173.00M $119.00M -$117.00M -$308.00M $65.00M
Net Income to Parent Company $1.88B $25.00M $1.66B -$1.46B $1.02B
Net Income to Common Stockholders $1.88B $22.00M $1.66B -$1.46B $1.02B
Basic EPS $6.65 $0.08 $5.73 -$5.11 $3.51
Diluted EPS $6.65 $0.08 $5.73 -$5.11 $3.51
Dividend Per Share $1.10 $1.05 $4.00 $1.00 $1.00
Other Preferred Stock Dividends – $3.00M – – –
Non-Operating Interest Income – – $25.00M – –
Total Other Finance Costs – – $4.00M – –
-Less:Restructuring and Mergern & Acquisition – – – – $17.00M

Balance sheet

Line item 2026 Q2 2026 Q1 2025 ANNUAL 2025 Q4 2025 Q3
Total Assets $70.22B $70.08B $71.06B $71.06B $76.21B
Total Current Assets $2.65B $2.70B $1.92B $1.92B $2.58B
Cash and Cash Equivalents & Short-Term Investments $462.00M $174.00M $104.00M $104.00M $159.00M
-Cash and Cash Equivalents $462.00M $174.00M $104.00M $104.00M $159.00M
Receivables $1.93B $2.16B $1.39B $1.39B $1.63B
-Accounts Receivable $1.93B $2.16B $1.39B $1.39B $1.63B
Inventory $67.00M $79.00M $86.00M $86.00M $86.00M
Restricted Cash $2.00M $2.00M $2.00M $2.00M $393.00M
Other Current Assets $189.00M $288.00M $7.00M $7.00M $144.00M
Total Non-Current Assets $67.57B $67.38B $69.14B $69.14B $73.63B
Net PPE $66.77B $66.61B $68.62B $68.62B $72.53B
-Gross PPE $98.48B $97.07B $96.40B $96.40B $95.33B
-Accumulated Depreciation -$31.71B -$30.46B -$27.78B -$27.78B -$22.80B
Other Non-Current Assets $796.00M $763.00M $523.00M $523.00M $736.00M
Total Liabilities $26.23B $27.44B $28.09B $28.09B $30.58B
Total Current Liabilities $5.68B $4.82B $4.60B $4.60B $4.14B
Payables $3.21B $3.16B $2.97B $2.97B $1.89B
-Accounts Payable $1.26B $1.18B $1.17B $1.17B $426.00M
-Total Tax Payable $230.00M $517.00M $389.00M $389.00M $33.00M
-Other Payable $1.72B $1.46B $1.41B $1.41B $1.43B
Current Accrued Expenses $883.00M $848.00M $366.00M $366.00M $1.85B
Short-Term Debt and Capital Lease Obligation $1.55B $749.00M $1.15B $1.15B $394.00M
-Current Debt $1.55B $749.00M $763.00M $763.00M $394.00M
Other Current Liabilities $36.00M $62.00M $15.00M $15.00M $10.00M
Total Non-Current Liabilities $20.56B $22.62B $23.49B $23.49B $26.44B
Long Term Debt and Capital Lease Obligation $11.07B $13.15B $13.73B $13.73B $15.85B
-Long Term Debt $11.07B $13.15B $13.73B $13.73B $15.85B
Non-Current Deferred Liabilities $8.93B $8.91B $9.14B $9.14B $9.88B
Other Non-Current Liabilities $556.00M $561.00M $625.00M $625.00M $22.00M
Total Equity $43.99B $42.64B $42.97B $42.97B $45.63B
Stockholders' Equity $37.90B $36.47B $36.97B $36.97B $39.09B
Capital Stock $3.00M $3.00M $3.00M $3.00M $3.00M
-Common Stock $3.00M $3.00M $3.00M $3.00M $3.00M
Additional Paid-In Capital $31.87B $32.01B $32.24B $32.24B $32.61B
Retained Earnings $6.04B $4.47B $4.74B $4.74B $6.49B
Gains/Losses Not Affecting Retained Earnings -$7.00M -$7.00M -$7.00M -$7.00M -$7.00M
Minority Interests $6.09B $6.17B $6.00B $6.00B $6.55B
Prepaid Assets – – $96.00M $96.00M –
-Current Capital Lease Obligation – – $390.00M $390.00M –
Investments and Advances – – – – $362.00M
-Long Term Equity Investment – – – – $362.00M
Financial Assets – – – – $1.00M
Non-Current Deferred Assets – – – – $0.00
Derivative Product Liabilities – – – – $106.00M
Non-Current Liabilities – – – – $584.00M

Cash flow

Line item 2026 Q2 2026 Q1 2025 ANNUAL 2025 Q4 2025 Q3
Operating Cash Flow $3.59B $1.83B $8.76B $2.34B $2.38B
Net cash flow from continuing operations $3.59B $1.83B $8.76B $2.34B $2.38B
Net Income from Continuing Operations $2.06B $144.00M $1.55B -$1.77B $1.08B
Gain/Loss from Continuing Operations -$70.00M $17.00M -$216.00M -$132.00M -$48.00M
Depreciation & Depletion & Amortization $1.26B $1.29B $5.04B $1.42B $1.28B
Deferred Tax $36.00M -$242.00M -$519.00M -$754.00M $253.00M
Other Non-Cash Items $41.00M $34.00M -$430.00M -$410.00M -$92.00M
Change in Working Capital $263.00M -$810.00M -$314.00M $398.00M -$151.00M
-Change in Receivables $216.00M -$779.00M $386.00M $245.00M -$19.00M
-Change in Payables and Accrued Expense $20.00M $100.00M -$727.00M $115.00M -$120.00M
-Change In Other Working Capital $27.00M -$131.00M $27.00M -$27.00M $53.00M
Net cash flow from investing -$1.40B -$658.00M -$7.81B -$118.00M -$2.06B
Net Cash Flow from Continuing Investing Activities -$1.40B -$658.00M -$7.81B -$118.00M -$2.06B
Net PPE Purchase and Sale -$1.43B -$1.25B -$9.46B -$1.47B -$2.31B
Net Other Investing Changes $39.00M $589.00M $1.65B $1.35B $251.00M
Financing Cash Flow -$1.91B -$1.10B -$1.01B -$2.67B $7.00M
Net Cash Flow from Continuing Financing Activities -$1.91B -$1.10B -$1.01B -$2.67B $7.00M
Net Issuance Payments Of Debt -$1.29B -$696.00M $1.58B -$1.73B $1.10B
Net Common Stock Issuance -$141.00M $41.00M -$778.00M -$434.00M -$603.00M
Cash Dividends Paid -$310.00M -$295.00M -$1.16B -$286.00M -$289.00M
Net Other Financing Charges -$166.00M -$150.00M -$648.00M -$224.00M -$198.00M
Ending Cash Balance $464.00M $176.00M $106.00M $106.00M $552.00M
Net Change in Cash $288.00M $70.00M -$58.00M -$446.00M $331.00M
Beginning Cash Balance $176.00M $106.00M $164.00M $552.00M $221.00M
Free Cash Flow $2.16B $581.00M -$703.00M $873.00M $73.00M
-Change in Prepaid Assets – – – – -$49.00M
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