Midland Basin was Diamondback Energy’s largest revenue line in fiscal 2025, bringing in $12.40B of $13.30B (93%).
| 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 |
Diamondback Energy brought in $13.30B from its three revenue lines in fiscal 2025, the year ended December 31, 2025. That was up 31.7% from $10.10B in fiscal 2024. Midland Basin was the largest at $12.40B (93.2%), ahead of Delaware Basin at $850.00M (6.4%) and Other at $48.00M (0.4%).
Compared with fiscal 2024, Midland Basin grew 44.9% to $12.40B, while Delaware Basin fell 44.6% to $850.00M. From fiscal 2022 to 2025, combined revenue from these revenue lines grew 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%.
Guarantor Subsidiaries was Diamondback Energy’s largest revenue line in fiscal 2018, bringing in $1.63B of $1.92B (85%).
| 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 |
Diamondback Energy brought in $1.92B from its two revenue lines in fiscal 2018, the year ended December 31, 2018. Diamondback Energy regrouped these revenue lines after fiscal 2017, so the total does not compare directly with that year's $904.00M. Guarantor Subsidiaries was the largest at $1.63B (85.0%), ahead of Viper Energy Partners Lp at $288.82M (15.0%).
From fiscal 2016 to 2018, combined revenue from these revenue lines grew 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%.
Midland Basin was Diamondback Energy’s largest region in fiscal 2020, bringing in $1.39B of $2.46B (57%).
| 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 |
Diamondback Energy brought in $2.46B from its three regions in fiscal 2020, the year ended December 31, 2020. That was down 30.8% from $3.56B in fiscal 2019. Midland Basin was the largest at $1.39B (56.6%), ahead of Delaware Basin at $1.06B (43.1%) and Other at $9.00M (0.4%).
Compared with fiscal 2019, Delaware Basin fell 21.5% to $1.06B and Midland Basin fell 34.9% to $1.39B.
Diamondback Energy (FANG) reports its revenue by customer, by consolidated entities and by geography. In fiscal 2025, Midland Basin was its largest revenue line, bringing in $12.40B (93.2% of the total), followed by Delaware Basin at $850.00M (6.4%).
Midland Basin was Diamondback Energy's largest revenue line in fiscal 2025, bringing in $12.40B, or 93.2% of the $13.30B total across its three revenue lines.
Midland Basin was Diamondback Energy's largest region in fiscal 2020, bringing in $1.39B, or 56.6% of the $2.46B total across its three regions.
Midland Basin grew faster than Delaware Basin in fiscal 2025, up 44.9% from $8.56B to $12.40B. Delaware Basin fell 44.6% to $850.00M.
Every figure comes from Diamondback Energy's annual financial filings, as reported. Each line keeps the name Diamondback Energy gives it, and years follow its fiscal calendar.
Diamondback Energy's revenue by customer goes back to fiscal 2018, with figures through fiscal 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.