Diamondback Energy Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	14,295	10,561	8,339	9,566	6,747
Revenue Growth (YoY)	35.36%	26.65%	-12.83%	41.78%	144.81%
Cost of Revenue	3,854	2,563	1,795	1,521	1,202
Gross Profit	10,441	7,998	6,544	8,045	5,545
Selling, General & Admin	288	213	150	144	146
Other Operating Expenses	-221	51	317	563	1,023
Operating Expenses	8,757	3,114	2,213	2,051	2,444
Operating Income	1,684	4,884	4,331	5,994	3,101
Interest Expense	-251	-336	-197	-218	-70
Interest & Investment Income	25	156	18	6	1
Earnings From Equity Investments	-	-	-	77	15
Other Non Operating Income (Expenses)	91	101	12	-10	13
EBT Excluding Unusual Items	1,549	4,805	4,164	5,849	3,060
Merger & Restructuring Charges	-105	-303	-	-14	-78
Gain (Loss) on Sale of Investments	364	-	88	-	-
Other Unusual Items	66	-1	-4	-99	-75
Pretax Income	1,874	4,501	4,248	5,736	2,907
Income Tax Expense	327	800	912	1,174	631
Earnings From Continuing Operations	1,547	3,701	3,336	4,562	2,276
Minority Interest in Earnings	117	-363	-193	-176	-94
Net Income	1,664	3,338	3,143	4,386	2,182
Preferred Dividends & Other Adjustments	8	21	22	42	20
Net Income to Common	1,656	3,317	3,121	4,344	2,162
Net Income Growth	-50.15%	6.20%	-28.34%	101.01%	-
Shares Outstanding (Basic)	289	214	180	177	177
Shares Outstanding (Diluted)	289	214	180	177	177
Shares Change (YoY)	35.37%	18.64%	1.96%	-0.06%	11.82%
EPS (Basic)	5.73	15.53	17.34	24.61	12.24
EPS (Diluted)	5.73	15.53	17.34	24.61	12.24
EPS Growth	-63.11%	-10.43%	-29.54%	101.04%	-
Free Cash Flow	-391	1,936	2,020	2,712	1,670
Free Cash Flow Per Share	-1.35	9.07	11.22	15.36	9.45
Dividend Per Share	4.050	6.210	8.120	11.310	1.950
Dividend Growth	-34.78%	-23.52%	-28.21%	480.00%	27.87%
Gross Margin	73.04%	75.73%	78.47%	84.10%	82.19%
Operating Margin	11.78%	46.25%	51.94%	62.66%	45.96%
Profit Margin	11.58%	31.41%	37.43%	45.41%	32.04%
Free Cash Flow Margin	-2.73%	18.33%	24.22%	28.35%	24.75%
EBITDA	10,374	7,734	6,077	7,338	4,376
EBITDA Margin	72.57%	73.23%	72.87%	76.71%	64.86%
D&A For EBITDA	8,690	2,850	1,746	1,344	1,275
EBIT	1,684	4,884	4,331	5,994	3,101
EBIT Margin	11.78%	46.25%	51.94%	62.66%	45.96%
Effective Tax Rate	17.45%	17.77%	21.47%	20.47%	21.71%
Revenue as Reported	15,026	11,066	8,412	9,643	6,797

Source: S&P Global Market Intelligence. Standard template. Financial Sources.