v3.26.1
REVENUE FROM CONTRACTS WITH CUSTOMERS (Tables)
 6 Months Ended
Jun. 30, 2026
Revenue from Contract with Customer [Abstract]  
Schedule of Revenue
The following tables disaggregate the Company’s revenue from oil, natural gas and natural gas liquids by revenue generated from production on properties operated by Diamondback and revenue generated from production on properties operated by third parties:

Three Months Ended June 30,
20262025
Revenue Generated from Diamondback Operated Properties
Revenue Generated from Third-Party Operated Properties
Total
Revenue Generated from Diamondback Operated Properties
Revenue Generated from Third-Party Operated Properties
Total
(In millions)
Oil income$279 $303 $582 $144 $97 $241 
Natural gas income4 (3)1 8 2 10 
Natural gas liquids income41 34 75 25 11 36 
Total royalty income$324 $334 $658 $177 $110 $287 
Six Months Ended June 30,
20262025
Revenue Generated from Diamondback Operated Properties
Revenue Generated from Third-Party Operated Properties
Total
Revenue Generated from Diamondback Operated Properties
Revenue Generated from Third-Party Operated Properties
Total
(In millions)
Oil income$487 $523 $1,010 $264 $178 $442 
Natural gas income14 3 17 17 8 25 
Natural gas liquids income68 59 127 41 23 64 
Total royalty income$569 $585 $1,154 $322 $209 $531