Diamondback Energy, Inc.

For the period ended Dec 31, 2025. Filed Feb 25, 2026.

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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2025 · Filed Feb 25, 2026

FANG$178.08-0.1%Stored close · as of Nov 10, 2026

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Contents

Consolidated Statements of Operations and Comprehensive Income

	Year Ended December 31,
	2025	2024	2023
(In millions, except per share amounts, shares in thousands)
Revenues:
Oil sales	$11,621	$9,067	$7,279
Natural gas sales	400	89	262
Natural gas liquid sales	1,432	944	687
Sales of purchased oil	1,476	923	111
Other operating income	97	43	73
Total revenues	15,026	11,066	8,412
Costs and expenses:
Lease operating expenses	1,865	1,286	872
Production and ad valorem taxes	851	638	525
Gathering, processing and transportation	515	356	287
Purchased oil expense	1,474	921	111
Depreciation, depletion, amortization and accretion	5,038	2,850	1,746
Impairment of oil and natural gas properties	3,652	—	—
General and administrative expenses	288	213	150
Other operating expenses, net	77	406	151
Total costs and expenses	13,760	6,670	3,842
Income (loss) from operations	1,266	4,396	4,570
Other income (expense):
Interest expense, net	(244)	(135)	(159)
Other income (expense), net	455	101	100
Gain (loss) on derivative instruments, net	341	137	(259)
Gain (loss) on extinguishment of debt, net	56	2	(4)
Total other income (expense), net	608	105	(322)
Income (loss) before income taxes	1,874	4,501	4,248
Provision for (benefit from) income taxes	327	800	912
Net income (loss)	1,547	3,701	3,336
Net income (loss) attributable to non-controlling interest	(117)	363	193
Net income (loss) attributable to Diamondback Energy, Inc.	$1,664	$3,338	$3,143
Earnings (loss) per common share:
Basic	$5.73	$15.53	$17.34
Diluted	$5.73	$15.53	$17.34
Weighted average common shares outstanding:
Basic	289,079	213,545	179,999
Diluted	289,079	213,545	179,999
Comprehensive income (loss):
Net income (loss) attributable to Diamondback Energy, Inc.	$1,664	$3,338	$3,143
Other comprehensive income (loss), net of tax:
Pension and postretirement benefit plans	(1)	2	(1)
Comprehensive income (loss) attributable to Diamondback Energy, Inc	$1,663	$3,340	$3,142

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.