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Diamondback Energy, Inc., an independent oil and natural gas company, acquires, develops, explores, and exploits unconventional, onshore oil and natural gas reserves in the Permian Basin in West Texas, the United States. The company primarily focuses on the development of the Spraberry and Wolfcamp formations of the Midland Basin; and the Wolfcamp and Bone Spring formations of the Delaware Basin, both of which are part of the Permian Basin in West Texas and New Mexico. Diamondback Energy, Inc. was founded in 2007 and is headquartered in Midland, Texas.
Rule-based from financial data. Not advice.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 5 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $14.9B | $7.2B | $1.7B | $-703M | 4.5% | 35.4% | -50.1% |
| 2024 | $11.0B | $7.6B | $3.3B | $-5.4B | 8.8% | 32.2% | 6.2% |
| 2023 | $8.3B | $6.2B | $3.1B | $1.2B | 18.9% | -12.8% | -28.3% |
| 2022 | $9.6B | $7.2B | $4.4B | $2.7B | 29.2% | - | - |
| 2021 | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2025 |
|---|---|
| Total Revenue | 14,929 |
| Operating Revenue | 14,929 |
| Cost Of Revenue | 9,708 |
| Gross Profit | 5,221 |
| Operating Expense | 303 |
| Selling General And Administration | 288 |
| Total Expenses | 10,011 |
| Operating Income | 4,918 |
| Total Operating Income As Reported | 1,266 |
| EBITDA | 7,177 |
| Normalized EBITDA | 10,432 |
| EBIT | 2,139 |
| Interest Income | 25 |
| Interest Expense | 265 |
| Net Interest Income | -244 |
| Other Non Operating Income Expenses | 455 |
| Other Income Expense | -2,800 |
| Interest Income Non Operating | 25 |
| Interest Expense Non Operating | 265 |
| Net Non Operating Interest Income Expense | -244 |
| Pretax Income | 1,874 |
| Tax Provision | 327 |
| Tax Rate For Calcs | 0 |
| Tax Effect Of Unusual Items | -566.37 |
| Net Income Continuous Operations | 1,547 |
| Net Income From Continuing And Discontinued Operation | 1,664 |
| Net Income From Continuing Operation Net Minority Interest | 1,664 |
| Net Income | 1,664 |
| Net Income Common Stockholders | 1,664 |
| Net Income Including Noncontrolling Interests | 1,547 |
| Normalized Income | 4,352.63 |
| Diluted NI Availto Com Stockholders | 1,664 |
| Basic Average Shares | 289.08 |
| Diluted Average Shares | 289.08 |
| Reconciled Depreciation | 5,038 |
| Reconciled Cost Of Revenue | 9,708 |
| Total Unusual Items | -3,255 |
| Total Unusual Items Excluding Goodwill | -3,255 |
| Minority Interests | 117 |
| Special Income Charges | -3,596 |
| Gain On Sale Of Business | - |
| Other Special Charges | -56 |
| Impairment Of Capital Assets | 3,652 |
| Restructuring And Mergern Acquisition | - |
| Gain On Sale Of Security | 341 |
| General And Administrative Expense | 288 |
| Other Gand A | 207 |
| Salaries And Wages | 81 |
| Total Other Finance Cost | 4 |
| Other Operating Expenses | 15 |
| Earnings From Equity Interest | - |
Energy sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Diamondback Energy, Inc.this co. | FANG | $57.1B | 34.31↑ premium | 1.54 | 4.5% | 10.01 |
| EOG Resources, Inc. | EOG | $75.0B | 15.07 | 2.52 | 16.7% | 7.24 |
| Phillips 66 | PSX | $73.8B | 16.77 | 2.54 | 15.1% | 9.47 |
| Kinder Morgan, Inc. | KMI | $70.5B | 23.08 | 2.26 | 9.8% | 14.25 |
| Baker Hughes Company | BKR | $65.6B |
| - |
| - |
| - |
| - |
| - |
| - |
| 25.34 |
| 3.48 |
| 13.7% |
| 15.85 |
| Occidental Petroleum Corporation | OXY | $58.4B | 25.09 | 2.10 | 8.4% | 6.84 |
| Targa Resources Corp. | TRGP | $57.4B | 29.84 | 18.71 | 62.7% | 15.40 |
| ONEOK, Inc. | OKE | $56.0B | 16.52 | 2.49 | 15.1% | 11.40 |
| Devon Energy Corporation | DVN | $53.0B | 20.08 | 3.42 | 17.0% | 7.96 |
| Peer Median | - | 21.58 | 2.53 | 15.1% | 10.44 | |