Diamondback Energy, Inc. (FANG) FY2025 Q1 P&L / Income Statement

Diamondback Energy, Inc. (FANG) FY2025 Q1 P&L / Income Statement

Income statement for 2025-01-01 through 2025-03-31. View: Revenue categories. Revenue uses this breakdown; costs and expenses retain the consolidated categories.

Total revenues

4,048,000,000 US dollars

Cost of revenue (calculated)

493,000,000 US dollars

Gross profit (calculated)

3,555,000,000 US dollars

Operating expenses (calculated)

1,882,000,000 US dollars

Income (loss) from operations

1,673,000,000 US dollars

Total other income (expense), net

221,000,000 US dollars

Income (loss) before income taxes

1,894,000,000 US dollars

Provision for (benefit from) income taxes

403,000,000 US dollars

Net income (loss)

1,491,000,000 US dollars

Natural gas liquid sales

406,000,000 US dollars

Oil sales

3,039,000,000 US dollars

Purchased oil

374,000,000 US dollars

Natural gas sales

212,000,000 US dollars

Other operating income

17,000,000 US dollars

Cost of goods and services sold

493,000,000 US dollars

General and administrative expenses

73,000,000 US dollars

Production and ad valorem taxes

228,000,000 US dollars

Depreciation, depletion, amortization and accretion

1,097,000,000 US dollars

Other operating expenses

39,000,000 US dollars

Merger and integration expenses

37,000,000 US dollars

Lease operating expenses

408,000,000 US dollars

Chart connections

• Revenue less cost of revenue equals gross profit; gross profit less 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.
• Of which attributable to Diamondback Energy, Inc.: $1.41 B; to noncontrolling interests: $86.00 M.