Diamondback Energy, Inc. (FANG) Financial Statements (2026 and earlier)

Company Profile

Business Address 500 WEST TEXAS AVENUE
MIDLAND, TX 79701
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 1311 - Crude Petroleum and Natural Gas (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)
Annual | Quarterly

12/31/2025
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments161582157654104123
Cash and cash equivalent161582157654104123
Restricted cash and investments3371845
Receivables1,5858471,006671437615
Inventory, net of allowances, customer advances and progress billings1166367623337
Inventory1166367623337
Prepaid expense     20
Derivative instruments and hedges, assets1681713213146
Other current assets      
Other undisclosed current assets 7710923282323
Total current assets:2,1101,6211,3921,446602869
Noncurrent Assets
Operating lease, right-of-use asset      15
Property, plant, and equipment, after accumulated depreciation, depletion, and amortization64,47226,67423,75920,61916,21421,835
Oil and gas, full cost method, property and equipment, after accumulated depletion  (8,333)(6,671)(5,434)(4,237)(2,995)
Long-term investments and receivables 375529566613533479
Long-term investments 375529566613533479
Intangible asset, including goodwill, after accumulated amortization      8
Intangible asset, excluding goodwill, after accumulated amortization      8
Derivative instruments and hedges 21234 7
Deferred income tax assets 17345644073142
Other noncurrent assets1594742764590
Other undisclosed noncurrent assets 18,4177,0345,5344,3893,081
Total noncurrent assets:65,18227,38024,81721,45217,01722,662
TOTAL ASSETS:67,29229,00126,20922,89817,61923,531
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,687765560472373483
Accounts payable 2532611273671179
Accrued liabilities1,434504433436302304
Deferred revenue1,491764619452237278
Debt900 10451918
Derivative instruments and hedges, liabilities      27
Asset retirement obligation1961151 
Other undisclosed current liabilities714573516464434467
Total current liabilities:4,8112,1081,7161,4381,2361,263
Noncurrent Liabilities
Long-term debt and lease obligation12,0756,6416,2386,6425,6245,371
Long-term debt, excluding current maturities12,0756,6416,2386,6425,6245,371
Liabilities, other than long-term debt, including:10,5442,8222,5651,57395511
Asset retirement obligations 57323933616610894
Deferred income tax liabilities9,8262,4492,0691,338783 
Other liabilities391212407 
Derivative instruments and hedges, liabilities 1061221482957 
Other undisclosed liabilities, other than long-term debt      (83)
Other undisclosed noncurrent liabilities      1,980
Total noncurrent liabilities:22,6199,4638,8038,2156,5797,362
Total liabilities:27,43011,57110,5199,6537,8158,625
Equity
Equity, attributable to parent, including:37,73616,62515,00912,0888,79413,249
Additional paid in capital33,50114,14214,21314,08412,65612,357
Accumulated other comprehensive loss(6)(8)(7)   
Retained earnings (accumulated deficit)4,2382,489801(1,998)(3,864)890
Other undisclosed equity, attributable to parent322222
Equity, attributable to noncontrolling interest2,1268056811,1571,0101,657
Total equity:39,86217,43015,69013,2459,80414,906
TOTAL LIABILITIES AND EQUITY:67,29229,00126,20922,89817,61923,531

Income Statement (P&L) ($ in millions)
Annual | Quarterly

12/31/2025
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
Revenues11,0668,4129,6436,7972,8133,964
Loss on disposition of assets for financial service operations   (850)(1,225)  
Cost of revenue(6,332)(3,536)(2,865)(2,635)(2,169)(2,365)
Gross profit:4,7344,8766,7784,1626441,599
Operating expenses(338)(306)(270)(161)(6,120)(904)
Operating income (loss):4,3964,5706,5084,001(5,476)695
Nonoperating income (expense)105(322)(772)(1,094)(300)(333)
Investment income, nonoperating (259)(586)(825)(90)(103)
Other nonoperating income (expense) (195)(613) 2(2)
Interest and debt expense2(175)(159)(199)(197)(173)
Income (loss) from continuing operations before equity method investments, income taxes:4,5034,0735,5772,708(5,973)189
Other undisclosed income (loss) from continuing operations before income taxes(2)175159199197173
Income (loss) from continuing operations before income taxes:4,5014,2485,7362,907(5,776)362
Income tax expense (benefit)(800)(912)(1,174)(631)1,104(47)
Income (loss) from continuing operations:3,7013,3364,5622,276(4,672)315
Income (loss) before gain (loss) on sale of properties:✕✕✕✕2,276(4,672)315
Net income (loss):3,7013,3364,5622,276(4,672)315
Net income (loss) attributable to noncontrolling interest(363)(193)(176)(94)155(75)
Net income (loss) attributable to parent:3,3383,1434,3862,182(4,517)240
Other undisclosed net loss available to common stockholders, basic(21)(22)(42)   
Net income (loss) available to common stockholders, diluted:3,3173,1214,3442,182(4,517)240

Comprehensive Income ($ in millions)
Annual | Quarterly

12/31/2025
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
Net income (loss):3,7013,3364,5622,276(4,672)315
Other comprehensive income (loss) 2(1)(7)   
Comprehensive income (loss):3,7033,3354,5552,276(4,672)315
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(363)(193)(176)(94)155(75)
Other undisclosed comprehensive loss, net of tax, attributable to parent      
Comprehensive income (loss), net of tax, attributable to parent:3,3403,1424,3792,182(4,517)240

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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