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Diamondback Energy (FANG)
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Diamondback Energy Income Statement 2025-2009 | FANG
Brief overview of financial performance at Diamondback Energy
This overview is based on financial performance over the past five years. Revenue at Diamondback Energy moved from $2.8 billion in 2020 to $15 billion in 2025. The five-year change reached +434.2%, while CAGR stood at 39.8%. The company expanded its revenue base at a high speed.
Over the period, EBITDA shifted from −4.2 billion dollars to 6.3 billion dollars, a change of +251.4%. The operating result developed less favorably than sales. The EBITDA share of revenue changed from −148.1% to 42%. The business generated more EBITDA from each unit of revenue.
Net income moved from −$4.5 billion at the start to $1.5 billion at the end. The return to profit marks a meaningful recovery in the final result.
Over the period, capitalization shifted from $7.5 billion to $48.4 billion (+548%). A large part of future progress may already be reflected in the valuation.
Overall conclusion
The results point to consistent and sustainable progress. The constructive conclusion rests on improving net profitability, sales growth and higher operating efficiency. The key question is whether sales can be converted into sustainable profit.
Annual Income Statement Diamondback Energy
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Market Cap |
48.4 B | 32.7 B | 31.8 B | 25.1 B | 19.1 B | 7.48 B | 12.5 B | 10.7 B | 12.3 B | 7.7 B | 4.76 B | 3.64 B | 2.16 B | 838 M | - | - | - |
Shares |
289 M | 214 M | 180 M | 177 M | 177 M | 158 M | 163 M | 105 M | 97.5 M | 75.1 M | 63 M | 52.8 M | 42 M | 37 M | - | - | - |
Historical Prices |
168 | 153 | 177 | 142 | 108 | 47.3 | 88.5 | 87.8 | 119 | 95.5 | 63.2 | 56.5 | 50 | 18.1 | - | - | - |
Net Income |
1.55 B | 3.7 B | 3.34 B | 4.56 B | 2.28 B | -4.52 B | 240 M | 846 M | 482 M | -165 M | -551 M | 194 M | 54.6 M | 11.8 M | -545 K | 8.23 M | - |
Revenue |
15 B | 11.1 B | 8.41 B | 9.64 B | 6.8 B | 2.81 B | 3.96 B | 2.18 B | 1.21 B | 527 M | 447 M | 496 M | 208 M | 75 M | 48.7 M | - | - |
Gross Profit |
- | - | - | - | - | - | 1.69 B | 1.14 B | 668 M | 232 M | 113 M | 238 M | 107 M | 28.2 M | 44.4 M | - | - |
Operating Income |
1.27 B | 4.4 B | 4.57 B | 6.51 B | 4 B | -5.48 B | 695 M | 1.01 B | 605 M | -68.6 M | -740 M | 213 M | 95.2 M | 17.3 M | 15.1 M | 9.18 M | - |
Interest Expense |
244 M | 135 M | 159 M | 154 M | 199 M | 197 M | 172 M | 87 M | 41 M | 41.1 M | 41.5 M | 34.5 M | 8.06 M | 3.61 M | 2.53 M | 836 K | - |
EBITDA |
6.3 B | 7.25 B | 6.32 B | 7.85 B | 5.28 B | -4.16 B | 3.88 B | 1.61 B | 942 M | 358 M | 293 M | 379 M | 162 M | 45.6 M | 43.9 M | 17.3 M | - |
Operating Expenses |
-1.27 B | -4.4 B | -4.57 B | -6.51 B | -4 B | 5.48 B | 203 M | 96.1 M | 62.9 M | 55.3 M | 38.9 M | 25 M | 12.2 M | 10.9 M | 29.4 M | 18.1 M | - |
General and Administrative Expenses |
288 M | 213 M | 150 M | 144 M | 146 M | 88 M | 192 M | 90.7 M | 61.5 M | 54.2 M | 38.1 M | 24.6 M | 12 M | 10.8 M | - | 380 K | - |
Annual performance
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All numbers in USD currency
Quarterly Income Statement Diamondback Energy
| 2026-Q3 | 2026-Q2 | 2026-Q1 | 2025-Q4 | 2025-Q3 | 2025-Q2 | 2025-Q1 | 2024-Q4 | 2024-Q3 | 2024-Q2 | 2024-Q1 | 2023-Q4 | 2023-Q3 | 2023-Q2 | 2023-Q1 | 2022-Q4 | 2022-Q3 | 2022-Q2 | 2022-Q1 | 2021-Q4 | 2021-Q3 | 2021-Q2 | 2021-Q1 | 2020-Q4 | 2020-Q3 | 2020-Q2 | 2020-Q1 | 2019-Q4 | 2019-Q3 | 2019-Q2 | 2019-Q1 | 2018-Q4 | 2018-Q3 | 2018-Q2 | 2018-Q1 | 2017-Q4 | 2017-Q3 | 2017-Q2 | 2017-Q1 | 2016-Q4 | 2016-Q3 | 2016-Q2 | 2016-Q1 | 2015-Q4 | 2015-Q3 | 2015-Q2 | 2015-Q1 | 2014-Q4 | 2014-Q3 | 2014-Q2 | 2014-Q1 | 2013-Q4 | 2013-Q3 | 2013-Q2 | 2013-Q1 | 2012-Q4 | 2012-Q3 | 2012-Q2 | 2012-Q1 | 2011-Q4 | 2011-Q3 | 2011-Q2 | 2011-Q1 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Shares |
280 M | 281 M | 283 M | -1.11 M | 289 M | 292 M | 290 M | 26.3 M | 205 M | 178 M | 178 M | -401 K | 179 M | 180 M | 182 M | 370 K | 174 M | 177 M | 178 M | 1.18 M | 181 M | 181 M | 164 M | -8 K | 158 M | 158 M | 158 M | -577 K | 163 M | 165 M | 165 M | 6.02 M | 98.6 M | 98.6 M | 98.6 M | 967 K | 98.1 M | 98.1 M | 93.2 M | 1.76 M | 77.2 M | 71.7 M | 71 M | 1.29 M | 65.3 M | 61.5 M | 58.4 M | 1.34 M | 55.2 M | 50.8 M | 48.4 M | 1.71 M | 44.4 M | 39.4 M | 37.1 M | 37 M | 37 M | 37 M | 37 M | - | - | - | - |
Net Income |
1.59 B | 1.87 B | 22 M | -1.45 B | 1.01 B | 695 M | 1.4 B | 1.07 B | 653 M | 831 M | 763 M | 955 M | 907 M | 551 M | 707 M | 999 M | 1.17 B | 1.4 B | 773 M | 993 M | 643 M | 308 M | 223 M | -603 M | -1.1 B | -2.41 B | -400 M | -472 M | 388 M | 356 M | 43 M | 306 M | 160 M | 301 M | 178 M | 130 M | 81.9 M | 164 M | 141 M | 28.4 M | -600 K | -157 M | -35.6 M | -187 M | -156 M | -211 M | 5.85 M | 99.9 M | 43.7 M | 27.8 M | 23.6 M | 20.1 M | 14.6 M | 14.5 M | 5.4 M | -52.1 M | 436 K | 13.6 M | 1.48 M | -8.87 M | 2.2 M | 3.45 M | 2.82 M |
Revenue |
5.43 B | 5.56 B | 4.24 B | 3.38 B | 3.92 B | 3.68 B | 4.05 B | 3.71 B | 2.64 B | 2.48 B | 2.23 B | 2.23 B | 2.34 B | 1.9 B | 1.9 B | 2.01 B | 2.42 B | 2.75 B | 2.39 B | 2.01 B | 1.9 B | 1.67 B | 1.17 B | 754 M | 707 M | 412 M | 883 M | 1.1 B | 956 M | 1.02 B | 864 M | 632 M | 538 M | 527 M | 479 M | 399 M | 301 M | 269 M | 235 M | - | 65 K | 18 K | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -54 K | -13 K | - | - | - | - |
Operating Income |
2.5 B | 2.51 B | 116 M | -2.78 B | 1.24 B | 1.14 B | 1.67 B | 1.41 B | 710 M | 1.16 B | 1.12 B | 1.2 B | 1.34 B | 1 B | 1.02 B | 1.26 B | 1.61 B | 1.98 B | 1.66 B | 1.31 B | 1.16 B | 955 M | 571 M | -746 M | -1.26 B | -2.67 B | -802 M | -384 M | 349 M | 411 M | 319 M | 195 M | 268 M | 281 M | 267 M | 214 M | 143 M | 132 M | 116 M | 87.1 M | 6.69 M | -135 M | -27.6 M | -188 M | -255 M | -299 M | 1.44 M | 37.9 M | 63.5 M | 63.2 M | 48.1 M | 37.7 M | 29.4 M | 19.4 M | 8.66 M | 2.18 M | 4.09 M | 4.31 M | 6.74 M | 4.82 M | 2.93 M | 4.07 M | 3.33 M |
Interest Expense |
5 M | -4 M | 7 M | 302 M | 116 M | 2 M | 35 M | 14 M | 89 M | 1 M | -42 M | 401 M | -43 M | -216 M | -40 M | -7 M | -11 M | -76 M | -596 M | 33 M | -240 M | -476 M | -227 M | -162 M | -100 M | -374 M | 533 M | -173 M | 179 M | - | - | - | - | - | - | -10.9 M | -9.19 M | -8.24 M | -12.2 M | -10.4 M | -10.2 M | -10 M | -10 M | -10.1 M | -10.6 M | -10.3 M | 10.5 M | -58.6 M | 9.85 M | 7.74 M | 6.5 M | -10.2 M | 1.09 M | 535 K | 485 K | 426 K | 1.13 M | 1.17 M | 881 K | - | 718 K | - | - |
EBITDA |
3.82 B | 3.78 B | 1.41 B | -1.39 B | 2.52 B | 2.4 B | 2.77 B | 2.57 B | 1.45 B | 1.64 B | 1.59 B | 1.67 B | 1.78 B | 1.43 B | 1.43 B | 1.62 B | 1.95 B | 2.31 B | 1.97 B | 1.63 B | 1.5 B | 1.3 B | 844 M | -476 M | -968 M | -2.33 B | -393 M | 24 M | 714 M | 770 M | 641 M | 427 M | 414 M | 411 M | 382 M | 319 M | 230 M | 207 M | 175 M | 138 M | 51.4 M | -94.9 M | 14.5 M | -355 M | -202 M | -242 M | 61.1 M | -77.1 M | 109 M | 103 M | 79 M | -4.47 M | 46.8 M | 34.2 M | 19.4 M | 2.18 M | 10.2 M | 9.97 M | 11.5 M | 4.82 M | 6.61 M | 4.07 M | 3.33 M |
Operating Expenses |
- | -2.51 B | -116 M | - | -1.24 B | -1.14 B | -1.67 B | -1.41 B | -710 M | -1.16 B | -1.12 B | -1.2 B | -1.34 B | -1 B | -1.02 B | -1.26 B | -1.61 B | -1.98 B | -1.66 B | -1.31 B | -1.16 B | -955 M | -571 M | 746 M | 1.26 B | 2.67 B | 802 M | 384 M | -349 M | -411 M | -319 M | -195 M | -268 M | -281 M | -267 M | -214 M | -143 M | -132 M | -116 M | -87.1 M | 135 M | 247 M | 115 M | 302 M | 367 M | 418 M | 100 M | 93.7 M | 75.6 M | 63.8 M | 49.9 M | 38.2 M | 28.4 M | 26 M | 20.2 M | 23.6 M | 12.7 M | 11.7 M | 9.61 M | - | 8.16 M | - | - |
General and Administrative Expenses |
83 M | 72 M | 79 M | 78 M | 70 M | 67 M | 73 M | 72 M | 49 M | 46 M | 46 M | 39 M | 34 M | 37 M | 40 M | 35 M | 34 M | 39 M | 36 M | 47 M | 38 M | 36 M | 25 M | 24 M | 20 M | 20 M | 24 M | 36 M | 19 M | 22 M | 27 M | 20 M | 14 M | 15 M | 16 M | 10.5 M | 11.9 M | 11.9 M | 13.7 M | 10.2 M | 9.91 M | 9.52 M | 13 M | 8.52 M | 7.53 M | 7.68 M | 8.24 M | 7.38 M | 6.02 M | 3.61 M | 4.26 M | 3.52 M | 1.81 M | 2.36 M | 2.18 M | 6.38 M | 1.32 M | 1 M | 475 K | - | 129 K | - | - |
Quarterly performance
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All numbers in USD currency
The income statement is one of the three key financial reports of a company Diamondback Energy (alongside the balance sheet and the cash flow statement). It shows how the company makes money and what its expenses are:
- How much revenue the company earned
- How much it spent on production, personnel, marketing, taxes, etc.
- What profit remained in the end
Analyzing the income statement helps an investor understand whether the business generates stable and growing profits, how effectively the company controls its expenses, and whether it is capable of generating income in the future. Additionally, this analysis shows how the company copes with crises and economic cycles, and allows assessing the potential for stock price growth and dividend payments.
Features- The income statement may include both recurring and one-time items (for example, profit from the sale of assets). It is necessary to separate core metrics from one-off events for accurate analysis.
- Companies often publish interim reports (e.g., quarterly), which allows for more timely tracking of trends.
- A combined analysis of the income statement with the balance sheet and cash flow statement provides a comprehensive view of the company’s financial health.