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Diamondback Energy (FANG) Operating Expenses (2016 - 2026)

Diamondback Energy has reported Operating Expenses over the past 15 years, most recently at $6.2 billion for Q4 2025.

  • For the quarter ending Q4 2025, Operating Expenses rose 167.86% year-over-year to $6.2 billion, compared with a TTM value of $13.8 billion through Dec 2025, up 106.3%, and an annual FY2025 reading of $13.8 billion, up 106.3% over the prior year.
  • Operating Expenses came in at $6.2 billion for Q4 2025, up from $2.7 billion in the prior quarter.
  • In the past five years, Operating Expenses ranged from a high of $6.2 billion in Q4 2025 to a low of $613.0 million in Q1 2021.
  • Median Operating Expenses over the past 5 years was $959.5 million (2023), compared with a mean of $1.5 billion.
  • The sharpest move saw Operating Expenses plummeted 76.56% in 2021, then skyrocketed 167.86% in 2025.
  • Over 5 years, Operating Expenses stood at $711.0 million in 2021, then increased by 8.86% to $774.0 million in 2022, then surged by 32.17% to $1.0 billion in 2023, then surged by 124.73% to $2.3 billion in 2024, then skyrocketed by 167.86% to $6.2 billion in 2025.
  • Per Business Quant, the three most recent readings for FANG's Operating Expenses are $6.2 billion (Q4 2025), $2.7 billion (Q3 2025), and $2.5 billion (Q2 2025).