Diamondback Energy, Inc. (FANG) FY2026 Q2 P&L / Income Statement

Diamondback Energy, Inc. (FANG) FY2026 Q2 P&L / Income Statement

Income statement for 2026-04-01 through 2026-06-30. View: Revenue categories. Revenue uses this breakdown; costs and expenses retain the consolidated categories.

Total revenues

5,562,000,000 US dollars

Total costs and expenses

3,050,000,000 US dollars

Income (loss) from operations

2,512,000,000 US dollars

Total other income (expense), net

123,000,000 US dollars

Income (loss) before income taxes

2,635,000,000 US dollars

Provision for (benefit from) income taxes

580,000,000 US dollars

Net income (loss)

2,055,000,000 US dollars

Natural gas liquid sales

435,000,000 US dollars

Oil sales

4,627,000,000 US dollars

Sales of purchased oil

739,000,000 US dollars

Other operating income

37,000,000 US dollars

General and administrative expenses

72,000,000 US dollars

Production and ad valorem taxes

302,000,000 US dollars

Impairment of oil and natural gas properties

0 US dollars

Depreciation, depletion, amortization and accretion

1,272,000,000 US dollars

Other operating expenses, net

9,000,000 US dollars

Purchased oil expense

730,000,000 US dollars

Gathering, processing and transportation

113,000,000 US dollars

Lease operating expenses

552,000,000 US dollars

Revenue before reconciliation (calculated)

5,838,000,000 US dollars. Sum of the reported revenue categories before the separately reported reconciliation.

Natural gas sales

negative 276,000,000 US dollars. Reported reconciliation to consolidated revenue.

Chart connections

• Revenue minus operating expenses equals operating income.
• Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit equals net income.
• Reported revenue categories plus the separately reported signed reconciliation equals consolidated revenue.
• Of which attributable to Diamondback Energy, Inc.: $1.88 B; to noncontrolling interests: $173.00 M.