Extracts oil and natural gas from wells.
Jun 2026Revenue $17.1B/yrExpenses $16.0B/yr
Expected to fall below break-even Sep 2026
Figures by year
Is Diamondback Energy still profitable?
Yes. In the 12 months to Jun 2026, revenue was $17.1B and expenses $16.0B. Its expenses are growing faster than its revenue, and the trends are projected to cross in Sep 2026.
| Fiscal year to | Revenue | Expenses | Operating profit |
|---|---|---|---|
| Dec 2025 | $15.0B | $13.8B | $1.27B |
| Dec 2024 | $11.1B | $6.67B | $4.40B |
| Dec 2023 | $8.41B | $3.84B | $4.57B |
| Dec 2022 | $9.64B | $3.13B | $6.51B |
| Dec 2021 | $6.80B | $2.80B | $4.00B |
| Dec 2020 | $2.81B | $8.29B | −$5.48B |
| Dec 2019 | $3.96B | $3.27B | $695M |
| Dec 2018 | $2.18B | $1.17B | $1.01B |
| Dec 2017 | $1.21B | $600M | $605M |
| Dec 2016 | $527M | $596M | −$68.6M |
When the cash runs out, on the chart. A red line at the date the company’s cash would run out at its latest burn, so you can see whether it gets to break-even first. Part of a subscription.