Diamondback Energy (FANG) Cost of Revenue (2011 - 2026)
Diamondback Energy's (FANG) quarterly Cost of Revenue came in at $9.0 million in Q2 2026, down 88.16% on a YoY basis from $76.0 million in Q2 2025, and down 62.5% quarter-over-quarter from $24.0 million in Q1 2026.
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Analysis
Diamondback Energy (FANG) Cost of Revenue (2011 - 2026) Analysis & Trends
Diamondback Energy (FANG) has reported Cost of Revenue for 16 consecutive years, with $9.0 million the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Cost of Revenue fell 88.16% year-over-year to $9.0 million; the trailing twelve-month figure through Jun 2026 stood at $35.0 million (down 93.33% YoY), and the FY2025 full-year result was $77.0 million, down 81.03% from the prior year.
- Cost of Revenue retreated to $9.0 million in Q2 2026 per FANG's latest filing, from $24.0 million in the prior quarter.
- Across five years, Cost of Revenue topped out at $338.0 million in Q4 2024 and bottomed at -$34.0 million in Q4 2025.
- Historically, Cost of Revenue has averaged $47.6 million across 5 years, with a median of $32.0 million in 2022.
- The sharpest annual moves came in 2024 and 2025: Cost of Revenue soared 789.47% in 2024, then plunged 110.06% in 2025.
- Over 5 years, Cost of Revenue stood at $27.0 million in 2022, then soared by 40.74% to $38.0 million in 2023, then soared by 789.47% to $338.0 million in 2024, then plunged by 110.06% to -$34.0 million in 2025, then soared by 126.47% to $9.0 million in 2026.
- According to Business Quant data, Cost of Revenue over the past three periods registered $9.0 million, $24.0 million, and -$34.0 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Conocophillips | 158.35 Bn | 150.66 Bn | 12.81 Bn | 6.71 Bn |
| 2 | Canadian Natural Resources | 103.29 Bn | 101.40 Bn | 8.84 Bn | 1.81 Bn |
| 3 | Eog Resources | 75.64 Bn | 70.73 Bn | - | - |
| 4 | Diamondback Energy | 53.99 Bn | 59.61 Bn | 5.55 Bn | 9.00 Mn |
| 5 | Devon Energy | 53.46 Bn | 52.45 Bn | 6.02 Bn | 1.39 Bn |
| 6 | Expand Energy | 20.25 Bn | 18.99 Bn | 2.33 Bn | 634.00 Mn |
| 7 | Permian Resources | 19.06 Bn | 18.80 Bn | - | - |
| 8 | Ovintiv | 17.25 Bn | 16.37 Bn | 2.83 Bn | 183.00 Mn |
| 9 | Apa | 15.72 Bn | 16.20 Bn | 2.28 Bn | 122.00 Mn |
| 10 | Antero Resources | 10.76 Bn | 10.19 Bn | 1.56 Bn | 26,000.00 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 9.00 Mn |
| Mar 31, 2026 | 24.00 Mn |
| Dec 31, 2025 | -34.00 Mn |
| Sep 30, 2025 | 36.00 Mn |
| Jun 30, 2025 | 76.00 Mn |
| Mar 31, 2025 | 76.00 Mn |
| Dec 31, 2024 | 338.00 Mn |
| Sep 30, 2024 | 35.00 Mn |
| Jun 30, 2024 | 19.00 Mn |
| Mar 31, 2024 | 14.00 Mn |
| Dec 31, 2023 | 38.00 Mn |
| Sep 30, 2023 | 47.00 Mn |
| Jun 30, 2023 | 32.00 Mn |
| Mar 31, 2023 | 34.00 Mn |
| Dec 31, 2022 | 27.00 Mn |
| Sep 30, 2022 | 32.00 Mn |
| Jun 30, 2022 | 23.00 Mn |
| Mar 31, 2022 | 30.00 Mn |
| Dec 31, 2021 | 14.00 Mn |
| Sep 30, 2021 | 20.00 Mn |
API Access
Diamondback Energy Cost of Revenue API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=FANG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "cost-of-revenue", "ticker": "FANG", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=FANG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();