Diamondback Energy (FANG) Operating Income (2011 - 2026)
Diamondback Energy (FANG) reported Operating Income of $2.51 billion for Q2 2026, up 120.5% from $1.14 billion a year earlier.
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Analysis
Diamondback Energy (FANG) Operating Income (2011 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Diamondback Energy's Operating Income came in at $1.08 billion, down 78.1% year-over-year; for FY2025, it came in at $1.27 billion, down 71.2% from FY2024.
- Operating Income has declined for three consecutive years.
- By year, Operating Income came in at $4.4 billion in FY2024 (-3.8%), $4.57 billion in FY2023 (-29.8%), $6.51 billion in FY2022 (+62.7%) and $4 billion in FY2021.
- The Q2 2026 figure ranks as the highest quarterly Operating Income in data going back to Q3 2011.
- Year over year, Operating Income gained in four of the last seven quarters, with growth averaging 17.1%.
- The high point for year-over-year Operating Income in five years was Q1 2022 (growth of 190.7%); the low point was Q1 2026 (a decline of 93.1%).
- Per Business Quant data, the three quarters before Q2 2026 came in at $116 million (Q1 2026), -$2.78 billion (Q4 2025) and $1.24 billion (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Op. Inc (Qtr) |
|---|---|---|---|---|---|
| 1 | ExxonMobil Holdings | 745.14 Bn | 701.62 Bn | - | - |
| 2 | Chevron | 442.75 Bn | 414.87 Bn | 33.45 Bn | -19.92 Bn |
| 3 | Shell | 310.19 Bn | 239.94 Bn | 30.13 Bn | 21.43 Bn |
| 4 | TotalEnergies SE | 197.65 Bn | 78.24 Bn | 61.77 Bn | 15.33 Bn |
| 5 | Conocophillips | 176.25 Bn | 148.96 Bn | 12.81 Bn | 10.38 Bn |
| 6 | Equinor Asa | 119.64 Bn | 34.10 Bn | - | 12.99 Bn |
| 7 | Phillips 66 | 115.95 Bn | 103.74 Bn | 8.38 Bn | -38.69 Bn |
| 8 | Canadian Natural Resources | 113.35 Bn | 110.35 Bn | 8.84 Bn | 8.73 Bn |
| 9 | Suncor Energy | 95.50 Bn | 81.24 Bn | - | 652.00 Mn |
| 10 | Diamondback Energy | 56.82 Bn | 55.92 Bn | - | 2.51 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 2.51 Bn |
| Mar 31, 2026 | 116.00 Mn |
| Dec 31, 2025 | -2.78 Bn |
| Sep 30, 2025 | 1.24 Bn |
| Jun 30, 2025 | 1.14 Bn |
| Mar 31, 2025 | 1.67 Bn |
| Dec 31, 2024 | 1.41 Bn |
| Sep 30, 2024 | 710.00 Mn |
| Jun 30, 2024 | 1.16 Bn |
| Mar 31, 2024 | 1.12 Bn |
| Dec 31, 2023 | 1.21 Bn |
| Sep 30, 2023 | 1.34 Bn |
| Jun 30, 2023 | 1.00 Bn |
| Mar 31, 2023 | 1.03 Bn |
| Dec 31, 2022 | 1.26 Bn |
| Sep 30, 2022 | 1.61 Bn |
| Jun 30, 2022 | 1.98 Bn |
| Mar 31, 2022 | 1.66 Bn |
| Dec 31, 2021 | 1.31 Bn |
| Sep 30, 2021 | 1.16 Bn |
API Access
Diamondback Energy Operating Income 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=operating-income&ticker=FANG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-income", "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=operating-income&ticker=FANG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();