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Friday 6 November 2026 Export FANG’s income statement to Excel — free account

Diamondback Energy, Inc.

FANG Energy Oil & Gas E&P

Diamondback Energy, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $15.0 billion, up 35.8% from fiscal 2024.

Revenue
+38.4%
EPS
+80.2%
Free cash flow
−12.2%
Total debt
−18.5%

Quarter to September 2026, against a year earlier

180.12 2.76 −1.51%
Market cap
$50.2B
P/E
22.7×
Fwd P/E
11.1×
Dividend yield
2.36%
F-score
4/9
Altman Z
1.25
Beneish M
−3.13
Dividend safety
37/100
Overview Business Profile Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Segments Valuation Filings

Diamondback Energy, Inc. (FANG) Debt to equity

Alert me on Debt to equity

Diamondback Energy, Inc.'s debt to equity at the end of the quarter to 30 September 2026 was 0.3×, down 0.0× from fiscal 2025 (0.3×). Over the past ten years it has ranged from 0.2× (fiscal 2015) to 0.6× (fiscal 2020); the current reading is higher than 55% of that period. That is in line with the Oil & Gas E&P industry median of 0.3× and below the Energy sector median of 0.4×.

Debt to equity, annual

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Annual newest first

Period Debt to equity Change
FY2025 0.3× 3.59%
FY2024 0.3× (14.57%)
FY2023 0.4× (4.32%)
FY2022 0.4× (21.13%)
FY2021 0.5× (14.87%)
FY2020 0.6× 64.34%
FY2019 0.4× 14.54%
FY2018 0.3× 19.04%
FY2017 0.3× (3.82%)
FY2016 0.3× 18.98%

Quarterly newest first

Period Debt to equity Change
Sep 2026 0.3× 2.20%
Jun 2026 0.3× (12.00%)
Mar 2026 0.3× (3.35%)
Dec 2025 0.3× (5.25%)
43 more quarters

Against its own ten years

Low 0.2× High 0.6×
Ten-year median 0.3×
Current reading's percentile 55

Debt to equity against peers

Company Debt to equity
PR Permian Resources Corporation compare 0.0×
TPL Texas Pacific Land Corporation compare 0.0×
EQT EQT Corporation compare 0.2×
EXE Expand Energy Corporation compare 0.2×
EOG EOG Resources, Inc. compare 0.2×
WDS Woodside Energy Group Ltd compare 0.3×
DVN Devon Energy Corporation compare 0.3×
FANG Diamondback Energy, Inc. 0.3×
OXY Occidental Petroleum Corporation compare 0.3×
Oil & Gas E&P industry median 0.3×
Energy sector median 0.4×
Market median 0.1×

What Debt to equity is

Debt to Equity Ratio shows how much a company relies on borrowed money compared with the money its shareholders have in the business.

(Long Term Debt (Total) + Current Part of Debt) ÷ Shareholders Equity (Total)

The full definition of Debt to equity →

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