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

- Company: Diamondback Energy, Inc. (FANG)
- Period: 2026-01-01 to 2026-03-31
- Filing: Q1 FY2026 10-Q, filed 2026-05-06, accession number 0001539838-26-000077
- Page: https://plicit.ai/financials/fang/fy2026-q1-income-statement
- Chart image: https://plicit.ai/charts/fang-fy2026-q1-income-statement-sankey.png

## Chart details: Revenue by Product and Service

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.