Diamondback Energy (FANG) financial statements
Diamondback Energy reported revenue of $15.0B in fiscal 2025, up 45.1% a year over 9 years.
Net income was $1.7B and the operating margin 8.4%, against -13.0% in 2016.
The diluted share count rose 285% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Diamondback Energy's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $527M | $1.2B | $2.1B | $3.9B | $2.8B | $6.7B | $9.6B | $8.4B | $11.1B | $15.0B |
| Selling, general and admin | $43M | $48M | $65M | $104M | $88M | $146M | $144M | $150M | $213M | $288M |
| Operating income | -$69M | $605M | $1.0B | $695M | -$5.5B | $4.0B | $6.5B | $4.6B | $4.4B | $1.3B |
| Interest expense | $41M | $41M | $87M | $172M | $197M | $199M | $154M | $159M | $135M | $244M |
| Pre-tax income | -$165M | $497M | $1.1B | $362M | -$5.8B | $2.9B | $5.7B | $4.2B | $4.5B | $1.9B |
| Income tax | $192,000 | -$20M | $168M | $47M | -$1.1B | $631M | $1.2B | $912M | $800M | $327M |
| Net income | -$165M | $482M | $846M | $240M | -$4.5B | $2.2B | $4.4B | $3.1B | $3.3B | $1.7B |
| EPS (diluted) | -$2.20 | $4.94 | $8.06 | $1.47 | -$28.61 | $12.24 | $24.61 | $17.34 | $15.53 | $5.73 |
| Diluted shares | 75M | 98M | 105M | 164M | 158M | 177M | 177M | 180M | 214M | 289M |
| Operating margin | -13.0% | 50.2% | 47.5% | 17.9% | -198.7% | 59.3% | 68.0% | 54.3% | 39.7% | 8.4% |
| Net margin | -31.3% | 40.0% | 39.7% | 6.2% | -163.9% | 32.3% | 45.8% | 37.4% | 30.2% | 11.1% |
Balance sheet
Fiscal years, from Diamondback Energy's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $1.7B | $112M | $215M | $123M | $104M | $654M | $157M | $582M | $161M | $104M |
| Receivables | $70M | $159M | $296M | $429M | $281M | $598M | $618M | $654M | $1.4B | $1.1B |
| Inventory | $2M | $9M | $37M | $37M | $33M | $62M | $67M | $63M | $116M | $86M |
| Total current assets | $1.8B | $359M | $925M | $869M | $602M | $1.4B | $1.4B | $1.6B | $2.1B | $1.9B |
| Property, plant and equipment | $3.4B | $7.3B | $20.4B | $21.8B | $16.2B | $20.6B | $23.8B | $26.7B | $64.5B | $68.6B |
| Total assets | $5.3B | $7.8B | $21.6B | $23.5B | $17.6B | $22.9B | $26.2B | $29.0B | $67.3B | $71.1B |
| Total current liabilities | $209M | $577M | $1.0B | $1.3B | $1.2B | $1.4B | $1.7B | $2.1B | $4.8B | $4.6B |
| Long-term debt | $1.1B | $1.5B | $4.5B | $5.4B | $5.6B | $6.6B | $6.2B | $6.6B | $12.1B | $13.7B |
| Total liabilities | $1.3B | $2.2B | $7.4B | $8.6B | $7.8B | $9.7B | $10.5B | $11.6B | $27.4B | $28.1B |
| Shareholders' equity | $3.7B | $5.3B | $13.7B | $13.2B | $8.8B | $12.1B | $15.0B | $16.6B | $37.7B | $37.0B |
| Net debt | -$561M | $1.4B | $4.2B | $5.2B | $5.7B | $6.0B | $6.1B | $6.1B | $12.8B | $14.4B |
Cash flow
Fiscal years, from Diamondback Energy's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $332M | $889M | $1.6B | $2.7B | $2.1B | $3.9B | $6.3B | $5.9B | $6.4B | $8.8B |
| Stock-based compensation | $26M | $26M | $27M | $48M | $37M | $51M | $55M | $54M | $65M | — |
| Dividends paid | $0 | $0 | $37M | $112M | $236M | $312M | $1.6B | $1.4B | $1.6B | $1.2B |
| Share buybacks (net) | — | $0 | $0 | -$593M | -$98M | -$431M | -$1.1B | -$840M | -$959M | — |
| Net borrowing | — | — | — | — | — | — | — | $377M | $6.4B | $1.6B |
| Dividends per share | — | — | $0.35 | $0.68 | $1.49 | $1.77 | $8.90 | $8.02 | $7.39 | $4.00 |
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What was Diamondback Energy's revenue in 2025?
$15.0B in fiscal 2025, from its 10-K filing.
From Diamondback Energy's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.