Diamondback Energy, Inc. (FANG) Financials
Key financial figures for Diamondback Energy, Inc. (Q2 2026).
Diamondback Energy posted Q2 2026 adjusted EPS of $6.48 on record combined production of 1,017,659 BOE/d, surpassing 1 million BOE/d for the first time, and raised full-year 2026 oil and total production guidance while holding capex unchanged. Adjusted EPS of $6.48 (GAAP diluted EPS $6.65) on total revenues of $5.56 billion; net income attributable to Diamondback of $1.88 billion. Average daily production of 525,176 Bbl/d oil and 1,017,659 BOE/d total, the first quarter the company has crossed the 1 million BOE/d combined-production mark. Cash capital expenditures of $996 million for the quarter; net cash from operating activities of $3.59 billion and free cash flow of $2.33 billion. On the outlook: Raised full-year 2026 oil production guidance to 522+ MBO/d (from 520+) and total production to 1,000+ MBOE/d (from 972+); full-year cash capital expenditures held unchanged at approximately $3.9 billion. Q3 2026 guidance of 517 to 527 MBO/d oil production (995 to 1,015 MBOE/d total) and cash capital expenditures of $950 to $1,050 million. Figures are for Q2 2026, as Diamondback Energy, Inc. reported them.
- Revenue
- $5.6B
- Net Income
- $2.1B
- EPS
- $6.65
- Total Assets
- $70.2B
- Operating Cash Flow
- $3.6B
Recent quarters
| Period | Revenue | Net Income | EPS | Operating Margin | Free Cash Flow |
|---|---|---|---|---|---|
| Q2 FY2026 | $5.6B | $1.9B | $6.65 | 45.16% | $2.6B |
| Q1 FY2026 | $4.2B | $144M | $0.08 | 2.74% | $895M |
| Q4 FY2025 | $3.4B | -$1.5B | -$5.11 | 25.77% | $1.4B |
| Q3 FY2025 | $3.9B | $1.0B | $3.50 | 31.5% | $1.6B |
| Q2 FY2025 | $3.7B | $699M | $2.38 | 31.2% | -$2.3B |
Recent fiscal years
| Period | Revenue | Net Income | EPS | Operating Margin | Free Cash Flow |
|---|---|---|---|---|---|
| FY2025 | $15.0B | $1.7B | $5.73 | 32.73% | $5.2B |
| FY2024 | $11.0B | $3.3B | $15.53 | 39.88% | -$5.4B |
| FY2023 | $8.3B | $3.1B | $17.34 | 54.8% | $1.2B |
Frequently asked questions
What was Diamondback Energy, Inc.'s revenue last quarter?
Diamondback Energy, Inc. reported revenue of $5.56 billion for Q2 FY2026, up 52.3% from the same period a year earlier.
Is Diamondback Energy, Inc. profitable?
Yes. Diamondback Energy, Inc. reported net income of $1.88 billion for Q2 FY2026, a net margin of 33.84% on revenue.
How has Diamondback Energy, Inc.'s margin trended?
Operating margin was 45.16% in Q2 FY2026, compared with 31.2% in the same period a year earlier. The quarter by quarter series is on the SentiSense financials page.
How much free cash flow did Diamondback Energy, Inc. generate?
Diamondback Energy, Inc. generated free cash flow of $2.59 billion in Q2 FY2026, after capital expenditure.
Full income statement, balance sheet and cash flow for Diamondback Energy, Inc. on SentiSense, with up to forty quarters and twenty fiscal years of history.