Diamondback Energy, Inc.

FANG 10-Q · Q1 2026

FANG Q1 2026 request

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Income Statement

Income Statement
Metric Q1 2026 Q1 2025 YoY
Revenue (Q)
Show Product Lines breakouts
Natural gas liquid sales 359 406 -11.6%
Natural gas liquid sales · Delaware Basin 33 31 +6.5%
Natural gas liquid sales · Midland Basin 324 374 -13.4%
Natural gas liquid sales · Other Customer 2 1 +100.0%
Natural Gas Production 21 212 -90.1%
Natural Gas Production · Delaware Basin 7 20 -65.0%
Natural Gas Production · Midland Basin 11 191 -94.2%
Natural Gas Production · Other Customer 3 1 +200.0%
Oil sales 3,445 3,039 +13.4%
Oil sales · Delaware Basin 247 236 +4.7%
Oil sales · Midland Basin 3,183 2,801 +13.6%
Oil sales · Other Customer 15 2 +650.0%
Sales of purchased oil 385 374 +2.9%
Total oil, natural gas and natural gas liquid revenues 3,825 3,657 +4.6%
Total oil, natural gas and natural gas liquid revenues · Delaware Basin 287 287 0.0%
Total oil, natural gas and natural gas liquid revenues · Midland Basin 3,518 3,366 +4.5%
Total oil, natural gas and natural gas liquid revenues · Other Customer 20 4 +400.0%
Other Operating Income 30 17 +76.5%
Show Product Lines breakouts
Service Other 13 15 -13.3%
Revenue 4,240 4,048 +4.7%
Show Product Lines breakouts
Aggregate Revenues 4,223 4,046 +4.4%
Operating Lease Expense 547 408 +34.1%
Show Related Party Transactions By Related Party breakouts
Related Party 75 37 +102.7%
Production Tax Expense 268 228 +17.5%
Gathering Processing And Transportation 120 111 +8.1%
Purchased Oil Expense 393 382 +2.9%
Depreciation & Amortization 1,293 1,097 +17.9%
Impairment Of Oil And Gas Properties 1,400
Selling, General & Administrative 79 73 +8.2%
Other Cost And Expense Operating 24 76 -68.4%
Total Costs & Expenses 4,124 2,375 +73.6%
Operating Income 116 1,673 -93.1%
Interest Income Expense Nonoperating Net -63 -40 -57.5%
Other Non-Operating Income (Expense) 7 35 -80.0%
Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net 117 226 -48.2%
Gains Losses On Extinguishment Of Debt -1
Non-Operating Income (Expense) 60 221 -72.9%
Income Before Taxes 176 1,894 -90.7%
Income Tax Expense (Benefit) 32 403 -92.1%
Net Income 144 1,491 -90.3%
Show Equity Components breakouts
Noncontrolling Interest 119 86 +38.4%
Retained Earnings 25 1,405 -98.2%
Net Income Loss Attributable To Noncontrolling Interest 119 86 +38.4%
Net Income 25 1,405 -98.2%
Show Consolidated Entities breakouts
Subsidiaries 25 1,405 -98.2%
EPS (Basic) 0.08 4.83 -98.3%
EPS (Diluted) 0.08 4.83 -98.3%
Wtd Avg Shares (Basic) 282,792 289,612 -2.4%
Wtd Avg Shares (Diluted) 282,792 289,612 -2.4%
Net Income Loss Available To Common Stockholders Basic 22 1,399 -98.4%

Balance Sheet

Balance Sheet
Metric Q1 2026 Q1 2025 YoY
Current Assets
Cash & Cash Equivalents 174 1,816 -90.4%
Show Consolidated Entities breakouts
Variable Interest Entity Primary Beneficiary 28 560 -95.0%
Restricted Cash And Cash Equivalents At Carrying Value 2 225 -99.1%
Oil And Gas Joint Interest Billing Receivables Current 327 257 +27.2%
Accounts Receivable 1,834 1,334 +37.5%
Show Consolidated Entities breakouts
Variable Interest Entity Primary Beneficiary 383 146 +162.3%
Show Related Party Transactions By Related Party breakouts
Related Party 1 5 -80.0%
Inventory 79 117 -32.5%
Prepaid Expenses & Other Current Assets 288 67 +329.9%
Total Current Assets 2,704 4,083 -33.8%
Non-Current Assets
Property, Plant & Equipment 66,613 64,896 +2.6%
Other Non-Current Assets 763
Show Related Party Transactions By Related Party breakouts
Related Party 211
Total Assets 70,080 70,066 0.0%
Other Assets
Property Plant And Equipment Other 889 1,452 -38.8%
Show Property Plant And Equipment By Type breakouts
Property Plant And Equipment Other Types 889 1,452 -38.8%
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment -30,461 -20,283 -50.2%
Show Consolidated Entities breakouts
Variable Interest Entity Primary Beneficiary -2,662 -1,148 -131.9%
Show Property Plant And Equipment By Type breakouts
Property Plant And Equipment Other Types -215 -186 -15.6%
Current Liabilities
Accounts Payable And Accrued Capital Expenditures 1,181
Show Related Party Transactions By Related Party breakouts
Related Party 85
Current Portion of Long-Term Debt 749 914 -18.1%
Other Accrued Liabilities Current 848 761 +11.4%
Show Related Party Transactions By Related Party breakouts
Related Party 59 36 +63.9%
Deferred Revenue (Current) 1,459 1,575 -7.4%
Derivative Liabilities Current 62 75 -17.3%
Taxes Payable Current 517 550 -6.0%
Total Current Liabilities 4,816 4,753 +1.3%
Debt Current 749 914 -18.1%
Non-Current Liabilities
Long-Term Debt 13,149 12,996 +1.2%
Show Consolidated Entities breakouts
Variable Interest Entity Primary Beneficiary 1,603 822 +95.0%
Deferred Tax Liabilities 8,914 9,887 -9.8%
Other Non-Current Liabilities 561 8 +6912.5%
Total Liabilities 27,440 28,323 -3.1%
Long-Term Debt 13,149 12,996 +1.2%
Other Liabilities
Minority Interest 6,167 3,270 +88.6%
Stockholders' Equity
Common Stock Value Outstanding 3 3 0.0%
Additional Paid In Capital Common Stock 32,010 33,125 -3.4%
Retained Earnings 4,467 5,352 -16.5%
Accumulated Other Comprehensive Income -7 -7 0.0%
Total Stockholders' Equity 36,473 38,473 -5.2%
Stockholders Equity Including Portion Attributable To Noncontrolling Interest 42,640 41,743 +2.1%
Show Equity Components breakouts
Accumulated Other Comprehensive Income -7 -7 0.0%
Additional Paid In Capital 32,010 33,125 -3.4%
Common Stock 3 3 0.0%
Noncontrolling Interest 6,167 3,270 +88.6%
Retained Earnings 4,467 5,352 -16.5%
Total Liabilities & Equity 70,080 70,066 0.0%
Capitalized Costs Proved Properties 72,688
Show Consolidated Entities breakouts
Variable Interest Entity Primary Beneficiary 9,514
Show Property Plant And Equipment By Type breakouts
Oil And Gas Properties 72,688
Capitalized Costs Of Unproved Properties Excluded From Amortization Cumulative 23,497
Show Consolidated Entities breakouts
Variable Interest Entity Primary Beneficiary 4,562
Show Property Plant And Equipment By Type breakouts
Oil And Gas Properties 23,497

Cash Flow Statement

Cash Flow Statement
Metric YTD Q1 2026 YTD Q1 2025 YoY
Operating Activities
Deferred Income Taxes -242 6 -4133.3%
Depreciation Depletionand Amortization Excluding Amortizationof Financing Costs 1,293 1,097 +17.9%
Derivative Gain Loss On Derivative Net -117 -226 +48.2%
Show Derivative Risk breakouts
Commodity Contract -117 -214 +45.3%
Derivative Cash Received Paid On Settlement Of Hedge 133 85 +56.5%
Other Operating Activities Cash Flow Statement 26 34 -23.5%
Change in Accounts Receivable -779 -6 -12883.3%
Increase Decrease In Accounts Payable And Accrued Liabilities -257 -374 +31.3%
Increase Decrease In Accrued Income Taxes Payable 287 135 +112.6%
Show Subsidiary Sale Of Stock breakouts
Secondary Offering 88
Increase Decrease In Deferred Revenue 70 84 -16.7%
Increase Decrease In Other Operating Capital Net -131 29 -551.7%
Net Cash from Operations 1,828 2,355 -22.4%
Investing Activities
Payments To Explore And Develop Oil And Gas Properties -933 -942 +1.0%
Payments To Acquire Oil And Gas Property -314 -750 +58.1%
Proceeds From Sales Of Business Affiliate And Productive Assets 604 41 +1373.2%
Other Investing Activities -15 -2 -650.0%
Net Cash from Investing -658 -1,653 +60.2%
Financing Activities
Proceeds From Issuance Of Debt 2,525 3,477 -27.4%
Debt Repayments -3,124 -2,538 -23.1%
Share Repurchases (Q)
Show Related Party Transactions By Related Party breakouts
Nonrelated Party -39 -575 +93.2%
Related Party -509
Payments For Repurchase Of Common Stock Units -97
Proceeds From Sale Of Subsidiary Common Stock 589
Payments Of Dividends Common Stock -295 -290 -1.7%
Payments Of Dividends Minority Interest -120 -95 -26.3%
Proceeds From Payments For Other Financing Activities -30 -36 +16.7%
Net Cash from Financing -1,100 1,175 -193.6%
Supplemental
Unpaid Capital Expenditures 962 746 +29.0%
Other Cash Flow
Net Change in Cash 70 1,877 -96.3%
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents 176 2,041 -91.4%

Values in millions USD. Source: SEC EDGAR 10-Q filing.

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