v3.26.1
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Revenues:        
Other operating income $ 37 $ 27 $ 67 $ 44
Total revenues 5,562 3,678 9,802 7,726
Costs and expenses:        
Lease operating expenses 552 440 1,099 848
Production and ad valorem taxes 302 214 570 442
Gathering, processing and transportation 113 145 233 256
Purchased oil expense 730 331 1,123 713
Depreciation, depletion, amortization and accretion 1,272 1,266 2,565 2,363
Impairment of oil and natural gas properties 0 0 1,400 0
General and administrative expenses 72 67 151 140
Other operating expenses, net 9 76 33 152
Total costs and expenses 3,050 2,539 7,174 4,914
Income (loss) from operations 2,512 1,139 2,628 2,812
Other income (expense):        
Interest expense, net (56) (56) (119) (96)
Other income (expense), net (4) 2 3 37
Gain (loss) on derivative instruments, net 49 (197) 166 29
Gain (loss) on extinguishment of debt, net 134 55 133 55
Total other income (expense), net 123 (196) 183 25
Income (loss) before income taxes 2,635 943 2,811 2,837
Provision for (benefit from) income taxes 580 204 612 607
Net income (loss) 2,055 739 2,199 2,230
Net income (loss) attributable to non-controlling interest 173 40 292 126
Net income (loss) attributable to Diamondback Energy, Inc. $ 1,882 $ 699 $ 1,907 $ 2,104
Earnings (loss) per common share:        
Basic (in usd per share) $ 6.65 $ 2.38 $ 6.72 $ 7.20
Diluted (in usd per share) $ 6.65 $ 2.38 $ 6.72 $ 7.20
Weighted average common shares outstanding:        
Basic (in shares) 281,202 292,135 281,993 290,880
Diluted (in shares) 281,202 292,135 281,993 290,880
Oil sales        
Revenues:        
Revenue $ 4,627 $ 2,852 $ 8,072 $ 5,891
Natural gas sales        
Revenues:        
Revenue (276) 97 (255) 309
Natural gas liquid sales        
Revenues:        
Revenue 435 367 794 773
Sales of purchased oil        
Revenues:        
Revenue $ 739 $ 335 $ 1,124 $ 709