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

- Company: Diamondback Energy, Inc. (FANG)
- Period: 2025-01-01 to 2025-03-31
- Filing: Q1 FY2025 10-Q, filed 2025-05-07, accession number 0001539838-25-000066
- Page: https://plicit.ai/financials/fang/fy2025-q1-income-statement
- Chart image: https://plicit.ai/charts/fang-fy2025-q1-income-statement-sankey.png

## Chart details: Revenue by Product and Service

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.