Diamondback Energy FANG
NASDAQ FANG
$204.98 +2.35 (+1.16%)
As of: Sep 10, 2026 · 2:00 PM EDT

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

Diamondback Energy's (FANG) quarterly Operating Margin came in at 45.16% in Q2 2026, up 1420.0% on a YoY basis from 2.97% in Q2 2025, and up 1550.81% quarter-over-quarter from 2.74% in Q1 2026.

Analysis

Diamondback Energy (FANG) Operating Margin (2011 - 2026) Analysis & Trends

Diamondback Energy (FANG) has reported Operating Margin for 16 consecutive years, with 45.16% the latest figure, recorded in Q2 2026.

  • For the quarter ending Q2 2026, Operating Margin rose 1420.0% year-over-year to 45.16%; the trailing twelve-month figure through Jun 2026 stood at 6.33% (down 2871.0% YoY), and the FY2025 full-year result was 8.43%, down 3130.0% from the prior year.
  • Operating Margin rose to 45.16% in Q2 2026 per FANG's latest filing, from 2.74% in the prior quarter.
  • Across five years, Operating Margin topped out at 71.46% in Q2 2022 and bottomed at 82.41% in Q4 2025.
  • Historically, Operating Margin has averaged 39.79% across 5 years, with a median of 48.38% in 2024.
  • The sharpest annual moves came in 2022 and 2025: Operating Margin surged 2071 bps in 2022, then slumped 12045 bps in 2025.
  • Over 5 years, Operating Margin stood at 61.87% in 2022, then slipped by 13 bps to 54.08% in 2023, then retreated by 30 bps to 38.05% in 2024, then tumbled by 317 bps to 82.41% in 2025, then surged by 155 bps to 45.16% in 2026.
  • According to Business Quant data, Operating Margin over the past three periods registered 45.16%, 2.74%, and 82.41% for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Operating Margin (Qtr)
1 Conocophillips 166.97 Bn 159.28 Bn 12.81 Bn 53.17%
2 Canadian Natural Resources 106.82 Bn 104.92 Bn 8.84 Bn 81.91%
3 Eog Resources 77.61 Bn 72.70 Bn - 40.93%
4 Diamondback Energy 57.64 Bn 57.18 Bn 5.55 Bn 45.16%
5 Devon Energy 46.73 Bn 45.72 Bn 6.02 Bn 32.14%
6 Expand Energy 23.21 Bn 21.95 Bn 2.33 Bn 22.33%
7 Permian Resources 19.98 Bn 19.72 Bn - 49.95%
8 Ovintiv 18.04 Bn 17.15 Bn 2.83 Bn 32.99%
9 Apa 15.87 Bn 15.42 Bn 2.28 Bn 48.15%
10 Antero Resources 12.22 Bn 11.64 Bn 1.56 Bn 24.07%
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 45.16%
Mar 31, 2026 2.74%
Dec 31, 2025 -82.41%
Sep 30, 2025 31.50%
Jun 30, 2025 30.97%
Mar 31, 2025 41.33%
Dec 31, 2024 38.05%
Sep 30, 2024 26.84%
Jun 30, 2024 46.56%
Mar 31, 2024 50.20%
Dec 31, 2023 54.08%
Sep 30, 2023 57.26%
Jun 30, 2023 52.11%
Mar 31, 2023 53.25%
Dec 31, 2022 61.87%
Sep 30, 2022 66.23%
Jun 30, 2022 71.46%
Mar 31, 2022 68.94%
Dec 31, 2021 64.84%
Sep 30, 2021 60.94%