Diamondback Energy, Inc. is an independent oil and natural gas company headquartered in Midland, Texas. The company focuses on the acquisition, development, exploration, and exploitation of unconventional, onshore oil and natural gas reserves primarily in the Permian Basin in West Texas.
Financial Statements
In thousands, USD
FY 2025
FY 2024
FY 2023
FY 2022
Total Revenues
15,026,000
11,066,000
8,412,000
9,643,000
Cost of Sales
4,705,000
3,201,000
1,795,000
1,521,000
Gross Profit
10,321,000
7,865,000
6,617,000
8,122,000
Selling, General & Administrative Expenses
288,000
213,000
150,000
144,000
Depreciation & Amortization Expenses
5,038,000
2,850,000
1,746,000
1,344,000
Other Operating Expenses
3,729,000
406,000
151,000
126,000
Operating Profit
1,266,000
4,396,000
4,570,000
6,508,000
Interest and Investment Income
—
—
—
77,000
Interest Expense
(244,000)
(135,000)
(159,000)
(154,000)
Non-Operating Income
852,000
240,000
(163,000)
(695,000)
Total Non-Operating Income
608,000
105,000
(322,000)
(772,000)
Income Before Provision for Income Taxes
1,874,000
4,501,000
4,248,000
5,736,000
Provision for Income Taxes
327,000
800,000
912,000
1,174,000
Consolidated Net Income
1,547,000
3,701,000
3,336,000
4,562,000
Net Income Attributable to Minority Interests and Other
(117,000)
363,000
193,000
176,000
Net Income Attributable to Common Shareholders
1,664,000
3,338,000
3,143,000
4,386,000
Basic EPS
5.73
15.53
17.34
24.61
Diluted EPS
5.73
15.53
17.34
24.61
Basic Weighted Average Shares Outstanding
289,079
213,545
179,999
176,539
Diluted Weighted Average Shares Outstanding
289,079
213,545
179,999
176,539
Shares Outstanding
284,595
290,984
178,724
179,841
FY 2025
FY 2024
FY 2023
FY 2022
Cash and Cash Equivalents
104,000
161,000
582,000
157,000
Total Cash and Cash Equivalents
104,000
161,000
582,000
157,000
Accounts Receivable
1,128,000
1,387,000
654,000
618,000
Other Receivables
258,000
198,000
192,000
104,000
Total Trade Receivables
1,386,000
1,585,000
846,000
722,000
Inventories
86,000
116,000
63,000
67,000
Other Current Assets
339,000
248,000
130,000
446,000
Total Current Assets
1,915,000
2,110,000
1,621,000
1,392,000
Net Property, Plant & Equipment
68,621,000
64,472,000
26,674,000
23,759,000
Long-Term Investments
—
—
529,000
652,000
Other Long-Term Assets
523,000
710,000
178,000
406,000
Total Assets
71,059,000
67,292,000
29,001,000
26,209,000
Accounts Payable
1,168,000
943,000
261,000
127,000
Accrued Expenses
1,397,000
1,491,000
1,257,000
1,099,000
Current Portion of Long-Term Debt
763,000
900,000
—
10,000
Other Current Liabilities
1,272,000
1,477,000
590,000
480,000
Total Current Liabilities
4,600,000
4,811,000
2,108,000
1,716,000
Long-Term Debt
13,726,000
12,075,000
6,641,000
6,238,000
Other Long-Term Liabilities
9,766,000
10,544,000
2,822,000
2,565,000
Total Long-Term Liabilities
23,492,000
22,619,000
9,463,000
8,803,000
Total Liabilities
28,092,000
27,430,000
11,571,000
10,519,000
Common Stock
3,000
3,000
2,000
2,000
Additional Paid-in Capital
32,236,000
33,501,000
14,142,000
14,213,000
Accumulated Other Comprehensive Income
(7,000)
(6,000)
(8,000)
(7,000)
Retained Earnings
4,740,000
4,238,000
2,489,000
801,000
Total Common Shareholders' Equity
36,972,000
37,736,000
16,625,000
15,009,000
Minority Interests and Other
5,995,000
2,126,000
805,000
681,000
Total Shareholders' Equity
42,967,000
39,862,000
17,430,000
15,690,000
Total Liabilities and Shareholders' Equity
71,059,000
67,292,000
29,001,000
26,209,000
FY 2025
FY 2024
FY 2023
FY 2022
Net Income
1,547,000
3,701,000
3,336,000
4,562,000
Depreciation & Amortization
5,038,000
2,850,000
1,746,000
1,344,000
Share-Based Compensation Expense
—
—
—
55,000
Other Adjustments
2,487,000
(42,000)
542,000
563,000
Changes in Trade Receivables
386,000
(42,000)
(71,000)
(47,000)
Changes in Accounts Payable
(343,000)
(376,000)
57,000
(47,000)
Changes in Income Taxes Payable
(399,000)
87,000
(5,000)
17,000
Changes in Other Operating Activities
42,000
235,000
315,000
(122,000)
Cash from Operating Activities
8,758,000
6,413,000
5,920,000
6,325,000
Capital Expenditure
(3,523,000)
(2,867,000)
(2,701,000)
(1,938,000)
Proceeds from Sale of Property, Plant & Equipment
1,670,000
467,000
1,407,000
327,000
Payments for Business Acquisitions
(5,938,000)
(8,920,000)
(2,013,000)
(1,675,000)
Other Investing Activities
(18,000)
99,000
(16,000)
(44,000)
Cash from Investing Activities
(7,809,000)
(11,221,000)
(3,323,000)
(3,330,000)
Issuance of Short-Term Debt
—
—
—
5,204,000
Repayments of Short-Term Debt
—
—
—
(5,551,000)
Net Issuance / (Repayments) of Short-Term Debt
—
—
—
(347,000)
Issuance of Long-Term Debt
15,042,000
9,875,000
5,179,000
2,500,000
Repayments of Long-Term Debt
(13,467,000)
(3,502,000)
(4,802,000)
(2,410,000)
Net Issuance / (Repayments) of Long-Term Debt
1,575,000
6,373,000
377,000
90,000
Repurchases of Common Shares
(2,010,000)
(959,000)
(840,000)
(1,098,000)
Net Issuance / (Repurchases) of Common Shares
(2,010,000)
(959,000)
(840,000)
(1,098,000)
Common Share Dividends Paid
(1,156,000)
(1,578,000)
(1,444,000)
(1,572,000)
Other Financing Activities
584,000
551,000
(269,000)
(423,000)
Cash from Financing Activities
(1,007,000)
4,387,000
(2,176,000)
(3,503,000)
Increase / (Decrease) in Cash, Cash Equivalents and Restricted Cash