Diamondback Energy, Inc. (FANG) FY2026 Q1 P&L / Income Statement

Diamondback Energy, Inc. (FANG) FY2026 Q1 P&L / Income Statement

Income statement for 2026-01-01 through 2026-03-31. View: Revenue categories. Revenue uses this breakdown; costs and expenses retain the consolidated categories.

Total revenues

4,240,000,000 US dollars

Total costs and expenses

4,124,000,000 US dollars

Income (loss) from operations

116,000,000 US dollars

Total other income (expense), net

60,000,000 US dollars

Income (loss) before income taxes

176,000,000 US dollars

Provision for (benefit from) income taxes

32,000,000 US dollars

Net income (loss)

144,000,000 US dollars

Natural gas liquid sales

359,000,000 US dollars

Oil sales

3,445,000,000 US dollars

Sales of purchased oil

385,000,000 US dollars

Natural gas sales

21,000,000 US dollars

Other operating income

30,000,000 US dollars

General and administrative expenses

79,000,000 US dollars

Production and ad valorem taxes

268,000,000 US dollars

Impairment of oil and natural gas properties

1,400,000,000 US dollars

Depreciation, depletion, amortization and accretion

1,293,000,000 US dollars

Other operating expenses, net

24,000,000 US dollars

Purchased oil expense

393,000,000 US dollars

Gathering, processing and transportation

120,000,000 US dollars

Lease operating expenses

547,000,000 US dollars

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.
• Of which attributable to Diamondback Energy, Inc.: $25.00 M; to noncontrolling interests: $119.00 M.