Diamondback Energy, Inc.

For the period ended Jun 30, 2026. Filed Aug 5, 2026.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Jun 30, 2026 · Filed Aug 5, 2026

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

Extracted filing text, with the paragraph anchors used by the comparison.

See the whole filing, with its images and exhibits

Contents

Condensed Consolidated Statements of Operations

Diamondback Energy, Inc. and Subsidiaries
Condensed Consolidated Statements of Operations
(Unaudited)
	Three Months Ended June 30,		Six Months Ended June 30,
	2026	2025	2026	2025
(In millions, except per share amounts, shares in thousands)
Revenues:
Oil sales	$4,627	$2,852	$8,072	$5,891
Natural gas sales	(276)	97	(255)	309
Natural gas liquid sales	435	367	794	773
Sales of purchased oil	739	335	1,124	709
Other operating income	37	27	67	44
Total revenues	5,562	3,678	9,802	7,726
Costs and expenses:
Lease operating expenses	552	440	1,099	848
Production and ad valorem taxes	302	214	570	442
Gathering, processing and transportation	113	145	233	256
Purchased oil expense	730	331	1,123	713
Depreciation, depletion, amortization and accretion	1,272	1,266	2,565	2,363
Impairment of oil and natural gas properties	—	—	1,400	—
General and administrative expenses	72	67	151	140
Other operating expenses, net	9	76	33	152
Total costs and expenses	3,050	2,539	7,174	4,914
Income (loss) from operations	2,512	1,139	2,628	2,812
Other income (expense):
Interest expense, net	(56)	(56)	(119)	(96)
Other income (expense), net	(4)	2	3	37
Gain (loss) on derivative instruments, net	49	(197)	166	29
Gain (loss) on extinguishment of debt, net	134	55	133	55
Total other income (expense), net	123	(196)	183	25
Income (loss) before income taxes	2,635	943	2,811	2,837
Provision for (benefit from) income taxes	580	204	612	607
Net income (loss)	2,055	739	2,199	2,230
Net income (loss) attributable to non-controlling interest	173	40	292	126
Net income (loss) attributable to Diamondback Energy, Inc.	$1,882	$699	$1,907	$2,104
Earnings (loss) per common share:
Basic	$6.65	$2.38	$6.72	$7.20
Diluted	$6.65	$2.38	$6.72	$7.20
Weighted average common shares outstanding:
Basic	281,202	292,135	281,993	290,880
Diluted	281,202	292,135	281,993	290,880

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.