Diamondback Energy (FANG) Operating Expenses (2011 - 2026)

Diamondback Energy has disclosed Operating Expenses across 16 years of filings, most recently posting $4.1 billion for Q1 2026.

• Quarterly Operating Expenses rose 73.64% year-over-year to $4.1 billion in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $15.5 billion (up 95.43% YoY) and the FY2025 annual result came in at $13.8 billion, up 106.3% from the prior year.
• Operating Expenses eased to $4.1 billion in Q1 2026, from $6.2 billion in the prior quarter.
• Over five years, Operating Expenses peaked at $6.2 billion in Q4 2025 and troughed at $748.0 million in Q1 2022.
• A 5-year average of $1.9 billion and a median of $1.1 billion in 2024 frame the typical range for Operating Expenses.
• Annual changes were most pronounced in 2022 — Operating Expenses increased 8.82% — and 2025, when it jumped 167.86%.
• Tracing FANG's Operating Expenses over 5 years: stood at $774.0 million in 2022, then jumped by 32.17% to $1.0 billion in 2023, then jumped by 124.73% to $2.3 billion in 2024, then soared by 167.86% to $6.2 billion in 2025, then plunged by 33.03% to $4.1 billion in 2026.
• Business Quant data shows FANG's Operating Expenses at $4.1 billion in Q1 2026, $6.2 billion in Q4 2025, and $2.7 billion in Q3 2025.