Diamondback Energy acquires, develops and produces oil and natural gas from unconventional reservoirs in the Permian Basin of West Texas. Horizontal drilling across stacked formations such as the Wolfcamp and Spraberry enables extraction of crude oil, natural gas liquids and gas from extensive acreage holdings. The company operates as an efficient, focused producer in this key US shale region.
| Quarter | Revenue | YoY % | Earnings | YoY % |
|---|---|---|---|---|
| Q2 2025 | 3,651 | — | 699 | -13.3% |
| Q3 2025 | 3,906 | — | 1,018 | 2.9% |
| Q4 2025 | 3,341 | — | -1,458 | -237.2% |
| Q1 2026 | 4,210 | — | 22 | -98.3% |
| Q2 2026 | 5,525 | 51.3% | 1,882 | 169.2% |
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