Diamondback Energy, Inc. (FANG)
Diamondback Energy, Inc. brought in $18.6B of revenue over the twelve months to September 30, 2026, up 21.1% from a year earlier. Net income was $2.1B, a net margin of 11.0%. At September 30, 2026 it held $558M in cash against $11.7B of debt. Its latest periodic report to the SEC is the quarterly report (10-Q) filed on November 4, 2026.
Key facts about Diamondback Energy, Inc.
- Net worth
- Diamondback Energy, Inc. has a market value (market cap) of $49.9B at the latest share price, and shareholders' equity of $39B on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
- Revenue and profit
- In fiscal 2025 revenue was $15B (+35.8% year on year), with net income of $1.7B. Over the 12 months to September 30, 2026: revenue $18.6B, net income $2.1B.
- Cash flow
- In fiscal 2025 operations brought in $8.8B of cash.
- Latest report
- The latest periodic report (quarterly report, 10-Q) was filed with the SEC on November 4, 2026 and covers the period to September 30, 2026. Open on SEC EDGAR
- Next earnings report
- Diamondback Energy, Inc.'s next report is expected around January 11, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
- Dividend
- Diamondback Energy, Inc. paid dividends of $4.00 per share in fiscal 2025, a yield of 2.25% at the current price.
What Diamondback Energy, Inc. does
Diamondback Energy explores for, extracts, and sells crude oil, natural gas, and natural gas liquids. The company operates exclusively in the Permian Basin of West Texas and New Mexico, selling produced hydrocarbons to midstream pipeline operators, marketing firms, and refineries. Its shares trade on NASDAQ under the ticker FANG.
Revenue and profit by year
Key figures
| Fiscal year | Revenue | Net income | Diluted EPS | Free cash flow |
|---|---|---|---|---|
| 2025 | $15B | $1.7B | $5.73 | n/a |
| 2024 | $11.1B | $3.3B | $15.53 | n/a |
| 2023 | $8.4B | $3.1B | $17.34 | n/a |
| 2022 | $9.6B | $4.4B | $24.61 | n/a |
| 2021 | $6.8B | $2.2B | $12.24 | n/a |
| 2020 | $2.8B | -$4.5B | -$28.61 | n/a |
Earnings: every quarter and the next report date
Full financial statements: income, balance sheet and cash flow
Where FANG ranks in Energy
Dividends
Diamondback Energy, Inc. paid $4.00 per share in fiscal 2025. At the current price that is a yield of 2.25%. It paid out $1.2B in cash dividends, 69% of its net income.
| Fiscal year | Per share | Paid out | Of profit |
|---|---|---|---|
| 2025 | $4.00 | $1.2B | 69% |
| 2024 | $8.29 | $1.6B | 47% |
| 2023 | $7.99 | $1.4B | 46% |
| 2022 | $11.31 | $1.6B | 36% |
| 2021 | $1.95 | $312M | 14% |
| 2020 | $1.53 | $236M | n/a |
Latest SEC filings
What Diamondback Energy, Inc. has filed recently, newest first. Each links to the original document on SEC EDGAR.
- November 9, 2026Activist stake changed SCHEDULE 13D/A
- November 4, 2026Quarterly report 10-Q · period to September 30, 2026Revenue rose 38% to $5.4B versus the same quarter last year; diluted EPS $5.69 versus $3.51.
- November 2, 2026
- October 8, 2026Quarterly results8-KDiamondback Energy reported realized commodity prices and derivative results for the third quarter of 2026.
- September 30, 2026Executive or director change8-KDiamondback Energy amended its stockholders agreement and announced the resignation of two board members.
- September 24, 2026
- September 17, 2026Activist stake changed SCHEDULE 13D/A
- September 3, 2026Activist stake changed SCHEDULE 13D/A
- August 13, 2026Passive stake (5% or more) SCHEDULE 13G
- August 5, 2026Activist stake changed SCHEDULE 13D/A
Insider trades
What the people running Diamondback Energy, Inc. did with its shares, from the Form 4 filings they must send the SEC within two business days.
Insiders sold $3.75B worth of shares in the last 90 days and bought none on the open market. 0% of the selling was pre-planned under Rule 10b5-1 trading plans.
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| October 5, 2026 | Meloy Charles AlvinDirector | Soldpre-planned (10b5-1), indirect | 20,503 | $3.8M |
| October 5, 2026 | Meloy Charles AlvinDirector | Soldpre-planned (10b5-1), indirect | 6,476 | $1.2M |
| October 5, 2026 | Meloy Charles AlvinDirector | Soldpre-planned (10b5-1), indirect | 6,354 | $1.2M |
| September 16, 2026 | SGF FANG Holdings, LP10% owner | Sold | 9,079,675 | $1.86B |
| September 16, 2026 | SGF FANG Holdings, LP10% owner | Sold | 9,079,675 | $1.86B |
| September 16, 2026 | Meloy Charles AlvinDirector | Gave as a giftindirect | 12,500 | - |
| September 16, 2026 | Meloy Charles AlvinDirector | Gave as a giftindirect | 12,500 | - |
| September 16, 2026 | Meloy Charles AlvinDirector | Gave as a gift | 25,000 | - |
Who owns FANG
Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.
5% holders
| Holder | Of class | Filed |
|---|---|---|
| Diamondback Energy, Inc.13D, may seek influence with 2 related filers | 42.9% | September 3, 2026 |
| Lyndal Stephens Greth13D, may seek influence with 8 related filers | 34.5% | September 24, 2024 |
| SGF FANG Holdings, LP13D, may seek influence with 1 related filers | 23.2% | September 17, 2026 |
| Wellington Management Group LLP13G, passive with 3 related filers | 5.8% | August 13, 2026 |
| Vanguard Capital Management13G, passive | 5.21% | April 29, 2026 |
Largest institutional holders
Positions that investment managers reported on Form 13F for the quarter ended June 30, 2026, largest first, with the change on the quarter ended March 31, 2026. Managers file 13F up to 45 days after a quarter ends. 1,314 managers reported a position.
| Holder | Shares | Change on quarter |
|---|---|---|
| BlackRock, Inc. | 38,017,815 | +2,042,954 |
| Wellington Management Group Llp | 25,116,753 | +1,004,085 |
| Capital World Investors | 35,416,364 | +7,601,893 |
| Vanguard Capital Management LLC | 21,202,159 | -141,896 |
| State Street Corp | 20,125,667 | +814,725 |
| Vanguard Portfolio Management LLC | 18,774,004 | -313,250 |
| Invesco Ltd. | 13,956,861 | +668,496 |
| Geode Capital Management, LLC | 9,148,231 | +238,484 |
| Boston Partners | 6,395,346 | -322,909 |
| Fmr LLC | 7,070,643 | -309,012 |
| Bank of New York Mellon Corp | 6,038,145 | +874,046 |
| Morgan Stanley | 5,356,498 | +209,070 |
| D. E. Shaw & Co., Inc. | 8,160,281 | +1,221,412 |
| Jpmorgan Chase & Co | 4,149,251 | -2,469,193 |
| Kimmeridge Energy Management Company, LLC | 15,680,938 | new |
| UBS Group AG | 4,868,115 | -315,260 |
| FIL Ltd | 7,277,671 | -65,470 |
| Dimensional Fund Advisors LP | 3,088,514 | +184,753 |
| Raymond James Financial Inc | 4,566,275 | +277,378 |
| Jane Street Group, LLC | 2,658,994 | +154,904 |
Insiders
20 insiders reported holding 66,536,984 shares in total, about $11.85B at the last price.
| Holder | Shares |
|---|---|
| SGF FANG Holdings, LP10% owner | 64,957,047 |
| Meloy Charles AlvinDirector | 788,121759,864 held indirectly |
| Stice Travis D.Executive Chairman, Director | 355,041305,314 held indirectly |
| Van't Hof Matthew KaesChief Executive Officer, Director | 115,940 |
| Dick Teresa L.EVP Accounting, Assist. Sec. | 75,755 |
| Wesson Daniel NExec. VP & COO | 70,789 |
| Zmigrosky MattEVP, Chief Legal and Admin Off | 36,705 |
| Barkmann AlbertExec. VP and Chief Engineer | 23,889 |
| Thompson Jere W IIICFO, Executive VP | 18,475 |
| Trent Melanie MontagueDirector | 15,039 |
Questions about FANG
What does Diamondback Energy, Inc. do?
Diamondback Energy explores for, extracts, and sells crude oil, natural gas, and natural gas liquids. The company operates exclusively in the Permian Basin of West Texas and New Mexico, selling produced hydrocarbons to midstream pipeline operators, marketing firms, and refineries. Its shares trade on NASDAQ under the ticker FANG.
What is Diamondback Energy, Inc.'s net worth?
Diamondback Energy, Inc. has a market value (market cap) of $49.9B at the latest share price, and shareholders' equity of $39B on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
Is Diamondback Energy, Inc. profitable?
Yes. Over the twelve months to September 30, 2026 it reported net income of $2.1B on revenue of $18.6B, a net margin of 11.0%.
How much revenue does Diamondback Energy, Inc. make?
Over the twelve months to September 30, 2026 Diamondback Energy, Inc. reported revenue of $18.6B. That is 21.1% more than a year earlier.
When did Diamondback Energy, Inc. last report?
Its most recent periodic report is the quarterly report (10-Q) filed on November 4, 2026. It covers the period to September 30, 2026. Its newest filing of any kind is the activist stake changed from November 9, 2026.
When is Diamondback Energy, Inc.'s next earnings report?
Diamondback Energy, Inc.'s next report is expected around January 11, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
Does Diamondback Energy, Inc. pay a dividend?
Yes. Diamondback Energy, Inc. paid dividends of $4.00 per share in fiscal 2025, a yield of 2.25% at the current price.
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Where the numbers come from
Financial figures are the values Diamondback Energy, Inc. tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.
Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.