Diamondback Energy, Inc. (FANG)
Diamondback Energy, Inc. brought in $17.1B of revenue over the twelve months to June 30, 2026, up 21.4% from a year earlier. Net income was $1.5B, a net margin of 8.6%. At June 30, 2026 it held $462M in cash against $11.1B of debt. Its latest periodic report to the SEC is the quarterly report (10-Q) filed on August 5, 2026.
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 |
Latest SEC filings
What Diamondback Energy, Inc. has filed recently, newest first. Each links to the original document on SEC EDGAR.
- 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
- August 5, 2026Quarterly report 10-Q · period to June 30, 2026
- August 3, 2026
- July 13, 2026
- June 15, 2026
- June 5, 2026Activist stake changed SCHEDULE 13D/A
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.
Is Diamondback Energy, Inc. profitable?
Yes. Over the twelve months to June 30, 2026 it reported net income of $1.5B on revenue of $17.1B, a net margin of 8.6%.
How much revenue does Diamondback Energy, Inc. make?
Over the twelve months to June 30, 2026 Diamondback Energy, Inc. reported revenue of $17.1B. That is 21.4% 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 August 5, 2026. It covers the period to June 30, 2026. Its newest filing of any kind is the conflict minerals disclosure from September 24, 2026.
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Follow FANG: get an email when it filesWhere 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.