Diamondback Energy has been growing earnings at an average annual rate of 18.1%, while the Oil and Gas industry saw earnings growing at 9.5% annually. Revenues have been growing at an average rate of 20.9% per year. Diamondback Energy's return on equity is 0.5%, and it has net margins of 1.9%.
Key information
18.13%
Earnings growth rate
13.55%
EPS growth rate
Oil and Gas Industry Growth
27.84%
Revenue growth rate
20.86%
Return on equity
0.47%
Net Margin
1.93%
Last Earnings Update
31 Mar 2026
Recent past performance updates
Recent updates
Revenue & Expenses Breakdown
How Diamondback Energy makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
BIT:1FANG Revenue, expenses and earnings (USD Millions)
Date
Revenue
Earnings
G+A Expenses
R&D Expenses
31 Mar 26
14,459
279
294
0
31 Dec 25
14,295
1,656
288
0
30 Sep 25
14,626
4,178
282
0
30 Jun 25
13,519
3,817
261
0
31 Mar 25
12,389
3,953
240
0
31 Dec 24
10,561
3,317
213
0
30 Sep 24
9,157
3,202
180
0
30 Jun 24
8,845
3,456
165
0
31 Mar 24
8,268
3,176
156
0
31 Dec 23
8,339
3,121
150
0
30 Sep 23
7,744
3,165
146
0
30 Jun 23
7,837
3,430
146
0
31 Mar 23
8,584
4,278
148
0
31 Dec 22
9,566
4,344
144
0
30 Sep 22
9,081
4,338
156
0
30 Jun 22
8,422
3,809
160
0
31 Mar 22
7,584
2,718
157
0
31 Dec 21
6,747
2,162
146
0
30 Sep 21
5,220
430
123
0
30 Jun 21
4,145
-1,326
105
0
31 Mar 21
2,852
-4,027
89
0
31 Dec 20
2,756
-4,519
88
0
30 Sep 20
2,992
-4,265
100
0
30 Jun 20
3,236
-2,784
99
0
31 Mar 20
3,802
-42
101
0
31 Dec 19
3,951
240
104
0
30 Sep 19
3,317
1,034
88
0
30 Jun 19
2,897
823
83
0
31 Mar 19
2,426
693
76
0
31 Dec 18
2,164
846
65
0
30 Sep 18
1,850
654
56
0
30 Jun 18
1,644
570
54
0
31 Mar 18
1,414
509
51
0
31 Dec 17
1,193
482
48
0
30 Sep 17
988
393
48
0
30 Jun 17
830
318
46
0
31 Mar 17
673
4
43
0
31 Dec 16
527
-165
43
0
30 Sep 16
456
-378
41
0
30 Jun 16
426
-533
39
0
31 Mar 16
433
-589
37
0
31 Dec 15
447
-551
32
0
30 Sep 15
464
-265
30
0
30 Jun 15
491
-64
29
0
Quality Earnings: 1FANG has a large one-off gain of $448.0M impacting its last 12 months of financial results to 31st March, 2026.
Growing Profit Margin: 1FANG's current net profit margins (1.9%) are lower than last year (31.9%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: 1FANG has become profitable over the past 5 years, growing earnings by 18.1% per year.
Accelerating Growth: 1FANG's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: 1FANG had negative earnings growth (-92.9%) over the past year, making it difficult to compare to the Oil and Gas industry average (7.3%).
Return on Equity
High ROE: 1FANG's Return on Equity (0.5%) is considered low.
Return on Assets
Return on Capital Employed
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Company Analysis and Financial Data Status
Data
Last Updated (UTC time)
Company Analysis
2026/06/05 22:58
End of Day Share Price
2026/06/05 00:00
Earnings
2026/03/31
Annual Earnings
2025/12/31
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Diamondback Energy, Inc. is covered by 58 analysts. 18 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.