Midland Basin was the largest of Diamondback Energy, Inc.’s 3 reported lines in fiscal 2025, at $12.40B — 93% of $13.30B.
| Customer | FY 2018 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|
| Midland Basin | $5.54B | $5.75B | $8.56B | $12.40B | ||
| Delaware Basin | $2.11B | $1.53B | $1.54B | $850.00M | ||
| Other | $17.00M | $7.00M | $10.00M | $48.00M | ||
| Total | $7.67B | $7.28B | $10.10B | $13.30B |
In fiscal 2025, which ended December 31, 2025, the 3 revenue lines Diamondback Energy, Inc. reported in this breakdown added up to $13.30B. That was up 31.7% from $10.10B in fiscal 2024. Midland Basin was the largest revenue line, at $12.40B or 93.2% of the total, followed by Delaware Basin ($850.00M, 6.4%) and Other ($48.00M, 0.4%). Together, the two largest revenue lines made up 99.6% of this total.
Compared with fiscal 2024, Midland Basin grew the fastest, rising 44.9% to $12.40B. Delaware Basin fell the most, down 44.6% to $850.00M. Over fiscal 2022 to 2025, revenue across these revenue lines went from $7.67B to $13.30B, a compound annual growth rate of 20.2%. Midland Basin's share of the total rose from 72.3% to 93.2% over the same years.
This breakdown covers 6 fiscal years between 2018 and 2025, as reported in Diamondback Energy, Inc.'s annual filings.
Guarantor Subsidiaries was the largest of Diamondback Energy, Inc.’s 2 reported lines in fiscal 2018, at $1.63B — 85% of $1.92B.
| Consolidated Entities | FY 2016 | FY 2017 | FY 2018 |
|---|---|---|---|
| Guarantor Subsidiaries | $399.01M | $904.00M | $1.63B |
| Viper Energy Partners Lp | $78.84M | — | $288.82M |
| Total | $477.84M | $904.00M | $1.92B |
In fiscal 2018, which ended December 31, 2018, the 2 revenue lines Diamondback Energy, Inc. reported in this breakdown added up to $1.92B. The revenue lines reported changed from fiscal 2017, so the total is not directly comparable with the $904.00M reported that year. Guarantor Subsidiaries was the largest revenue line, at $1.63B or 85.0% of the total, followed by Viper Energy Partners Lp ($288.82M, 15.0%).
Over fiscal 2016 to 2018, revenue across these revenue lines went from $477.84M to $1.92B, a compound annual growth rate of 100.5%. Guarantor Subsidiaries' share of the total rose from 83.5% to 85.0% over the same years.
This breakdown covers every fiscal year from 2016 to 2018, as reported in Diamondback Energy, Inc.'s annual filings.
Midland Basin was the largest of Diamondback Energy, Inc.’s 3 reported lines in fiscal 2020, at $1.39B — 57% of $2.46B.
| Geography | FY 2019 | FY 2020 |
|---|---|---|
| Midland Basin | $2.14B | $1.39B |
| Delaware Basin | $1.35B | $1.06B |
| Other | $71.00M | $9.00M |
| Total | $3.56B | $2.46B |
In fiscal 2020, which ended December 31, 2020, the 3 regions Diamondback Energy, Inc. reported in this breakdown added up to $2.46B. That was down 30.8% from $3.56B in fiscal 2019. Midland Basin was the largest region, at $1.39B or 56.6% of the total, followed by Delaware Basin ($1.06B, 43.1%) and Other ($9.00M, 0.4%). Together, the two largest regions made up 99.6% of this total.
Compared with fiscal 2019, every sizeable region reported in both years shrank. Delaware Basin held up best, down 21.5% to $1.06B, while Midland Basin fell the most, down 34.9% to $1.39B.
This breakdown covers every fiscal year from 2019 to 2020, as reported in Diamondback Energy, Inc.'s annual filings.
Diamondback Energy, Inc. (FANG) breaks its revenue down by revenue line and region. In fiscal 2025, its largest revenue line was Midland Basin, with $12.40B or 93.2% of the total, followed by Delaware Basin at $850.00M (6.4%).
Midland Basin was Diamondback Energy, Inc.'s largest revenue line in fiscal 2025, with $12.40B in revenue, 93.2% of the $13.30B reported across its 3 revenue lines.
Midland Basin was Diamondback Energy, Inc.'s largest region in fiscal 2020, with $1.39B in revenue, 56.6% of the $2.46B reported across its 3 regions.
Of the Diamondback Energy, Inc. revenue lines reported in both fiscal 2024 and fiscal 2025, and making up at least 2% of the total, Midland Basin grew the fastest, rising 44.9% from $8.56B to $12.40B.
Every figure is taken from Diamondback Energy, Inc.'s annual financial filings and shown as reported: each line keeps the name the company gives it, years follow its own fiscal calendar, and lines it has stopped reporting stay in the table for the years they were reported.
The breakdown by revenue line covers fiscal 2018 to 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.