Diamondback Energy, Inc. FANG

Energy SIC 1311 - Crude Petroleum & Natural Gas NAICS Mining, Quarrying, and Oil and Gas Extraction › Oil and Gas Extraction derived Nasdaq

We are an independent oil and natural gas company focused on the acquisition, development, exploration and exploitation of unconventional, onshore oil and natural gas reserves primarily in the Permian Basin in West Texas. This basin, which is one of the major producing basins in the United States, is characterized by an extensive production history, a favorable operating environment, mature infrastructure, long reserve life, multiple producing horizons, enhanced recovery potential and a large number of operators. We report operations in one reportable segment, the upstream segment.

Our activities are primarily focused on horizontal development of the Spraberry and Wolfcamp formations of the Midland Basin and the Wolfcamp and Bone Spring formations of the Delaware Basin, both of which are part of the larger Permian Basin in West Texas and New Mexico. These formations are characterized by a high concentration of oil and liquids rich natural gas, multiple vertical and horizontal target horizons, extensive production history, long-lived reserves and high drilling success rates.

Last close 205.75 2026-10-23
Market cap $57.62B 2026-06-30 share count
52-week range 137.03 - 216.90

Valuation FY2025 figures against the last close

P/S3.8x
P/E35.9x
P/FCF6.6x
EV/EBITDA11.4x
Dividend yield2.0%
Diluted EPS5.73

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $15.03B$11.07B$8.41B$9.64B$6.80B$2.76B$3.89B$2.13B$1.21B$527.1M
SG&A $288.0M$213.0M$150.0M$144.0M$146.0M$88.0M$104.0M$65.0M$48.0M$42.6M
Total operating expenses $13.76B$6.67B$3.84B$3.13B$2.80B$8.29B$3.27B$1.17B$600.0M$595.7M
Operating income $1.27B$4.40B$4.57B$6.51B$4.00B-$5.48B$695.0M$1.01B$605.0M-$68.6M
Interest expense $244.0M$135.0M$159.0M$154.0M$199.0M$197.0M$172.0M$87.0M$41.0M$41.1M
Pre-tax income $1.87B$4.50B$4.25B$5.74B$2.91B-$5.78B$362.0M$1.11B$497.0M-$164.7M
Income tax $327.0M$800.0M$912.0M$1.17B$631.0M$1.10B$47.0M$168.0M$20.0M$192.0K
Net income $1.55B$3.70B$3.34B$4.56B$2.28B-$4.52B$240.0M$846.0M$482.0M-$165.0M
EPS, basic 5.7315.5317.3424.6112.24-28.611.478.094.95-2.20
EPS, diluted 5.7315.5317.3424.6112.24-28.611.478.064.94-2.20
Shares, diluted (wtd. avg.) 289.1M213.5M180.0M176.5M176.6M158.0M163.8M104.9M97.7M75.1M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $104.0M$161.0M$585.0M$164.0M$672.0M$108.0M$128.0M$215.0M$112.0M$1.67B
Receivables $1.13B$1.39B$654.0M$618.0M$598.0M$281.0M$429.0M$296.0M$158.6M$70.3M
Inventory $86.0M$116.0M$63.0M$67.0M$62.0M$33.0M$37.0M$37.0M$9.1M$2.0M
Total current assets $1.92B$2.11B$1.62B$1.39B$1.45B$602.0M$869.0M$925.0M$358.6M$1.79B
Property, plant and equipment $68.62B$64.47B$26.67B$23.76B$20.62B$16.21B$21.84B$20.37B$7.34B$3.39B
Other intangibles ——————$8.0M$11.0M——
Total assets $71.06B$67.29B$29.00B$26.21B$22.90B$17.62B$23.53B$21.60B$7.77B$5.35B
Short-term debt $763.0M$900.0M$0$10.0M$45.0M$191.0M$0———
Total current liabilities $4.60B$4.81B$2.11B$1.72B$1.44B$1.24B$1.26B$1.02B$577.4M$209.3M
Long-term debt $13.73B$12.07B$6.64B$6.24B$6.64B$5.62B$5.37B$4.46B$1.48B$1.11B
Total liabilities $28.09B$27.43B$11.57B$10.52B$9.65B$7.82B$8.62B$7.43B$2.19B$1.33B
Retained earnings $4.74B$4.24B$2.49B$801.0M-$2.00B-$3.86B$890.0M$762.0M-$37.1M-$519.4M
Total equity $36.97B$37.74B$17.43B$15.69B$13.24B$9.80B$14.91B$14.17B$5.58B$4.02B

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $8.76B$6.41B$5.92B$6.33B$3.94B$2.12B$2.74B$1.56B$889.0M$332.1M
Depreciation and amortisation $5.04B$2.85B$1.75B$1.34B$1.27B$1.31B$1.45B$623.0M$327.0M$178.0M
Stock-based compensation —$65.0M$54.0M$55.0M$51.0M$37.0M$48.0M$27.0M$26.0M$26.5M
Investing cash flow -$7.81B-$11.22B-$3.32B-$3.33B-$1.54B-$2.10B-$3.89B-$3.50B-$3.13B-$1.31B
Financing cash flow -$1.01B$4.39B-$2.18B-$3.50B-$1.84B-$37.0M$1.06B$2.04B$689.0M$2.62B
Dividends paid $1.16B$1.58B$1.44B$1.57B$312.0M$236.0M$112.0M$37.0M$0$0
Buybacks —$959.0M$840.0M$1.10B$431.0M$98.0M$593.0M$0$0—

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001308179-26-000242.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -5B 0 5B 10B 15B 20B Revenue, FY2016: 527.1M Net income, FY2016: -165M Revenue, FY2017: 1.2B Net income, FY2017: 482M Revenue, FY2018: 2.1B Net income, FY2018: 846M Revenue, FY2019: 3.9B Net income, FY2019: 240M Revenue, FY2020: 2.8B Net income, FY2020: -4.5B Revenue, FY2021: 6.8B Net income, FY2021: 2.3B Revenue, FY2022: 9.6B Net income, FY2022: 4.6B Revenue, FY2023: 8.4B Net income, FY2023: 3.3B Revenue, FY2024: 11.1B Net income, FY2024: 3.7B Revenue, FY2025: 15B Net income, FY2025: 1.5B FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $527.1M $1.21B $2.13B $3.89B $2.76B $6.80B $9.64B $8.41B $11.07B $15.03B
Gross profit — — — — — — — — — —
Net income -$165.0M $482.0M $846.0M $240.0M -$4.52B $2.28B $4.56B $3.34B $3.70B $1.55B

Recent filings and events

  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Results announced Item 2.02
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Results announced Item 2.02
  • Results announced Item 2.02
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Other event Item 8.01
  • Material agreement signed Item 1.01
  • Other event Item 8.01

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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OVV Ovintiv Inc. $19.91B 15.1x -3.1%
APA APA Corp $18.18B 13.0x —