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as of market close, Sep 11, 2026
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FANG financial statements

The full income statement, balance sheet, and cash-flow statement for Diamondback Energy Inc. (FANG), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.

Shares outstanding (point-in-time)

2024-06 178.4M2024-09 292.0M2024-12 289.4M2025-03 292.2M2025-06 289.5M2025-09 286.5M2025-12 282.1M2026-03 281.3M2026-06 280.0M+57.0% over 8 periods

SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.

As-reported fiscal years.
Line itemTrendFY2025FY2024FY2023FY2022FY2021
Income Statementas ofDec 31 ’25as ofDec 31 ’24as ofDec 31 ’23as ofDec 31 ’22as ofDec 31 ’21
Revenue15.0B+35.8%11.1B+31.6%8.41B-12.1%9.57B+41.8%6.75B+144.8%
Selling, general & administrative288M+35.2%213M+42.0%150M+4.2%144M-1.4%146M+65.9%
Operating income1.27B-71.2%4.40B-3.8%4.57B-29.8%6.51B+62.7%4.00B+173.1%
Interest expense244M+80.7%135M-15.1%159M+3.2%154M-22.6%199M+1.0%
Other non-operating income455M+350.5%101M+1.0%100M+114.5%-690M+24.2%-910M-783.5%
Equity-method income21.0M-56.3%48.0M-37.7%77.0M+413.3%15.0M+250.0%
Pre-tax income1.87B-58.4%4.50B+6.0%4.25B-25.9%5.74B+97.3%2.91B+150.3%
Income tax327M-59.1%800M-12.3%912M-22.3%1.17B+86.1%631M+157.2%
1.66B-50.1%3.34B+6.2%3.14B-28.3%4.39B+101.0%2.18B+148.3%
Net income to non-controlling interest-117M-132.2%363M+88.1%193M+9.7%176M+87.2%94.0M+160.6%
Net income to common1.66B-50.1%3.32B+6.3%3.12B-28.2%4.34B+100.9%2.16B+147.8%
$5.73-63.1%$15.53-10.4%$17.34-29.5%$24.61+101.1%$12.24+142.8%
EPS (basic)$5.73-63.1%$15.53-10.4%$17.34-29.5%$24.61+101.1%$12.24+142.8%
Weighted-avg shares (basic)289M+35.4%214M+18.6%180M+2.0%177M-0.1%177M+11.8%
Weighted-avg shares (diluted)289M+35.4%214M+18.6%180M+2.0%177M-0.1%177M+11.8%
Dividends per share$4.00-51.7%$8.29+3.8%$7.99-10.8%$8.96+412.0%$1.75+14.8%
Balance Sheetas ofDec 31 ’25as ofDec 31 ’24as ofDec 31 ’23as ofDec 31 ’22as ofDec 31 ’21
1.92B-9.2%2.11B+30.2%1.62B+16.5%1.39B-3.7%1.45B+140.2%
Cash & equivalents104M-35.4%161M-72.3%582M+270.7%157M-76.0%654M+528.8%
Accounts receivable1.13B-18.7%1.39B+112.1%654M+5.8%618M+3.3%598M+112.8%
Inventory86.0M-25.9%116M+84.1%63.0M-6.0%67.0M+8.1%62.0M+87.9%
Prepaid expenses337M+37.6%245M+122.7%110M+378.3%23.0M-17.9%28.0M+21.7%
Other current assets7.00M+133.3%3.00M
71.1B+5.6%67.3B+132.0%29.0B+10.7%26.2B+14.5%22.9B+30.0%
Property, plant & equipment68.6B+6.4%64.5B+141.7%26.7B+12.3%23.8B+15.2%20.6B+27.2%
Deferred tax assets173M+284.4%45.0M-29.7%64.0M+60.0%40.0M-45.2%
Other non-current assets523M-26.3%710M+442.0%131M+211.9%42.0M-44.7%76.0M+68.9%
4.60B-4.4%4.81B+128.2%2.11B+22.8%1.72B+19.3%1.44B+16.3%
Accounts payable253M-3.1%261M+105.5%127M+252.8%36.0M-49.3%
Deferred revenue1.40B-6.3%1.49B+95.2%764M+23.4%619M+36.9%452M+90.7%
Short-term & current debt763M-15.2%900M0.00-100.0%10.0M-77.8%45.0M-76.4%
28.1B+2.4%27.4B+137.1%11.6B+10.0%10.5B+9.0%9.65B+23.5%
Long-term debt13.7B+13.7%12.1B+81.8%6.64B+6.5%6.24B-6.1%6.64B+18.1%
Deferred tax liabilities9.14B-7.0%9.83B+301.2%2.45B+18.4%2.07B+54.6%1.34B+70.9%
Other non-current liabilities625M-13.0%718M+5883.3%12.0M+0.0%12.0M-70.0%40.0M+471.4%
37.0B-2.0%37.7B+127.0%16.6B+10.8%15.0B+24.2%12.1B+37.5%
Additional paid-in capital32.2B-3.8%33.5B+136.9%14.1B-0.5%14.2B+0.9%14.1B+11.3%
Retained earnings4.74B+11.8%4.24B+70.3%2.49B+210.7%801M+140.1%-2.00B+48.3%
Accumulated other comprehensive income-7.00M-16.7%-6.00M+25.0%-8.00M-14.3%-7.00M0.00
Non-controlling interest6.00B+182.0%2.13B+164.1%805M+18.2%681M-41.1%1.16B+14.6%
Total equity incl. non-controlling43.0B+7.8%39.9B+128.7%17.4B+11.1%15.7B+18.5%13.2B+35.1%
Total liabilities & equity71.1B+5.6%67.3B+132.0%29.0B+10.7%26.2B+14.5%22.9B+30.0%
Common shares issued285M-2.2%291M+62.8%179M-0.6%180M+1.3%178M+12.3%
Common shares outstanding285M-2.2%291M+62.8%179M-0.6%180M+1.3%178M+12.3%
Shares outstanding (cover)282M-2.5%289M+62.2%178M-2.8%184M+3.5%177M+12.3%
Cash Flowas ofDec 31 ’25as ofDec 31 ’24as ofDec 31 ’23as ofDec 31 ’22as ofDec 31 ’21
8.76B+36.6%6.41B+8.3%5.92B-6.4%6.33B+60.4%3.94B+86.2%
Depreciation & amortization5.04B+76.8%2.85B+63.2%1.75B+29.9%1.34B+5.4%1.27B-2.7%
Share-based compensation65.0M+20.4%54.0M-1.8%55.0M+7.8%51.0M+37.8%
Deferred income taxes-519M-3560.0%15.0M-96.0%378M-47.5%720M+18.8%606M+158.2%
Change in receivables-386M-1019.0%42.0M-40.8%71.0M+51.1%47.0M-76.0%196M+190.3%
Other operating activities-430M-423.3%133M+1109.1%11.0M-87.1%85.0M+117.9%39.0M+95.0%
-7.81B+30.4%-11.2B-237.7%-3.32B+0.2%-3.33B-116.4%-1.54B+26.7%
Capital expenditure3.52B+22.9%2.87B+6.1%2.70B+39.4%1.94B+33.0%1.46B-15.2%
Free cash flow5.24B+47.6%3.55B+10.2%3.22B-26.6%4.39B+76.4%2.49B+523.3%
Acquisitions0.000.000.000.000.00
Proceeds from sale of PP&E467M-66.8%1.41B+330.3%327M-60.1%820M+1201.6%
Other investing activities18.0M+118.2%-99.0M-718.8%16.0M-63.6%44.0M-48.2%85.0M+51.8%
-1.01B-123.0%4.39B+301.6%-2.18B+37.9%-3.50B-90.3%-1.84B-4875.7%
Long-term debt issued15.0B+173.5%5.50B+1275.0%400M-84.0%2.50B+13.6%2.20B+120.7%
Long-term debt repaid0.000.000.000.000.00
Common stock issued1.23B+158.8%476M0.000.000.00
Common stock repurchased0.00-100.0%959M+14.2%840M-23.5%1.10B+154.8%431M+339.8%
Dividends paid1.16B-26.7%1.58B+9.3%1.44B-8.1%1.57B+403.8%312M+32.2%
Other financing activities-266M-78.5%-149M-6.4%-140M-102.9%-69.0M-91.7%-36.0M-89.5%
Net change in cash-58.0M+86.2%-421M-200.0%421M+182.9%-508M-190.1%564M+2920.0%
Interest paid155M-42.4%269M+84.2%146M+8.1%135M-30.4%194M-12.2%
Income taxes paid-605M-71.9%-352M+51.0%-718M-620.3%138M
Valuation Ratiosas ofDec 31 ’25as ofDec 31 ’24as ofDec 31 ’23as ofDec 31 ’22as ofDec 31 ’21
Market cap42.4B-10.6%47.4B+70.8%27.8B+15.3%24.1B+25.8%19.1B+150.2%
P/E25.5×+79.4%14.2×+63.3%8.7×+58.4%5.5×-37.3%8.8×
P/S2.8×-34.1%4.3×+26.9%3.4×+34.2%2.5×-11.3%2.8×+2.2%
P/B1.1×-8.7%1.3×-26.3%1.7×-2.0%1.7×+9.9%1.6×+82.0%
P/FCF8.1×-39.4%13.4×+48.1%9.0×+61.2%5.6×-27.2%7.7×-59.9%
Earnings yield3.9%-44.3%7.0%-38.7%11.5%-36.8%18.2%+59.6%11.4%
FCF yield12.3%+65.1%7.5%-32.5%11.1%-38.0%17.8%+37.3%13.0%+149.1%
Dividend yield2.7%-47.4%5.1%-1.8%5.2%-21.3%6.6%+303.7%1.6%-48.5%
Source filing10-K10-K10-K10-K10-K

About this data

Source: FANG’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all FANG filings on SEC EDGAR → Not investment advice.