v3.26.3
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
Revenues:        
Other operating income $ 41 $ 18 $ 108 $ 62
Total revenues 5,431 3,924 15,233 11,650
Costs and expenses:        
Lease operating expenses 568 490 1,667 1,338
Production and ad valorem taxes 287 212 857 654
Gathering, processing and transportation 126 122 359 378
Purchased oil expense 540 455 1,663 1,168
Depreciation, depletion, amortization and accretion 1,320 1,286 3,885 3,649
Impairment of oil and natural gas properties 0 0 1,400 0
General and administrative expenses 83 70 234 210
Other operating expenses, net 7 53 40 205
Total costs and expenses 2,931 2,688 10,105 7,602
Income (loss) from operations 2,500 1,236 5,128 4,048
Other income (expense):        
Interest expense, net (55) (70) (174) (166)
Other income (expense), net 5 116 8 153
Gain (loss) on derivative instruments, net (182) 120 (16) 149
Gain (loss) on extinguishment of debt, net 4 (32) 137 23
Total other income (expense), net (228) 134 (45) 159
Income (loss) before income taxes 2,272 1,370 5,083 4,207
Provision for (benefit from) income taxes 501 287 1,113 894
Net income (loss) 1,771 1,083 3,970 3,313
Net income (loss) attributable to non-controlling interest 168 65 460 191
Net income (loss) attributable to Diamondback Energy, Inc. $ 1,603 $ 1,018 $ 3,510 $ 3,122
Earnings (loss) per common share:        
Basic (in usd per share) $ 5.69 $ 3.51 $ 12.41 $ 10.71
Diluted (in usd per share) $ 5.69 $ 3.51 $ 12.41 $ 10.71
Weighted average common shares outstanding:        
Basic (in shares) 279,959 288,826 281,307 290,188
Diluted (in shares) 279,959 288,826 281,307 290,188
Oil sales        
Revenues:        
Revenue $ 4,216 $ 2,994 $ 12,288 $ 8,885
Natural gas sales        
Revenues:        
Revenue 151 87 (104) 396
Natural gas liquid sales        
Revenues:        
Revenue 487 366 1,281 1,139
Sales of purchased oil        
Revenues:        
Revenue $ 536 $ 459 $ 1,660 $ 1,168