Operating Income for Diamondback Energy (FANG)
According to Diamondback Energy's latest reported financial statements, the company's current operating income (TTM) is $4.92B USD. Operating income is profit from core operations: revenue minus cost of goods sold and operating expenses (SG&A, R&D). It excludes interest, taxes, and non-operating items, so it isolates how profitable the business itself is before financing and tax decisions. Compare with EBITDA and net income.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
Currently viewingOperating IncomeSwitch metric
TTM (last 4 quarters)
$4.92B
YoY change
+11.9%
5Y CAGR
N/A
Peak year (2022)
$6.51B
Cumulative operating income
$20.77B
Operating Income history chart for Diamondback Energy (FANG) from 2009 to 2025
Operating Income history table for Diamondback Energy (FANG) from 2009 to 2025
| Fiscal year | Period ended | Reported | Operating Income | YoY |
|---|---|---|---|---|
| 2025 | $4.92B | +11.9% | ||
| 2024 | $4.40B | -3.8% | ||
| 2023 | $4.57B | -29.8% | ||
| 2022 | $6.51B | +62.7% | ||
| 2021 | $4.00B | -173.1% | ||
| 2020 | -$5.48B | -887.9% | ||
| 2019 | $695.00M | -31.3% | ||
| 2018 | $1.01B | +67.1% | ||
| 2017 | $605.00M | -981.7% | ||
| 2016 | -$68.62M | -90.7% | ||
| 2015 | -$740.27M | -448.1% | ||
| 2014 | $212.67M | +123.4% | ||
| 2013 | $95.19M | +450.0% | ||
| 2012 | $17.31M | +14.3% | ||
| 2011 | $15.15M | +65.0% | ||
| 2010 | $9.18M | +586.3% | ||
| 2009 | $1.34M | — |
Operating Income values are taken from Diamondback Energy's reported income statements (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
Analysis
In 2025, Diamondback Energy (FANG) operating income totalled $4.92B – grew 11.9% year-over-year.
Diamondback Energy operating income declined from $6.51B in 2022 to $4.92B in 2025, a 24.4% drawdown.
$6.51B stands as the all-time-high annual operating income, posted in 2022, against a low of -$5.48B during 2020.
Diamondback Energy (FANG) sits 7th of 8 Energy peers we track on this metric, against a peer median of $9.44B.
Diamondback Energy Operating Income by Year
Diamondback Energy Operating Income 2025: $4.92B
Diamondback Energy operating income in 2025 was $4.92B, grew 11.9% from 2024.
Diamondback Energy Operating Income 2024: $4.40B
Diamondback Energy operating income in 2024 was $4.40B, edged down 3.8% below 2023.
Diamondback Energy Operating Income 2023: $4.57B
Diamondback Energy operating income in 2023 was $4.57B, declined 29.8% below 2022.
Diamondback Energy Operating Income 2022: $6.51B
Diamondback Energy operating income in 2022 was $6.51B, surged 62.7% from 2021. This figure represents the highest annual value in the available history.
Diamondback Energy Operating Income 2021: $4.00B
Diamondback Energy operating income in 2021 was $4.00B.
See more financial history for Diamondback Energy (FANG).
Sector peers — Operating Income
Companies in the same sector as Diamondback Energy, ranked by their latest operating income.
| Company | Operating Income | Sector |
|---|---|---|
| Exxon Mobil Corporation (XOM) | $33.94B | Energy |
| Chevron Corporation (CVX) | $16.67B | Energy |
| ConocoPhillips (COP) | $11.49B | Energy |
| Enbridge Inc. (ENB) | $10.96B | Energy |
| EOG Resources, Inc. (EOG) | $7.93B | Energy |
| SLB N.V. (SLB) | $5.46B | Energy |
| The Williams Companies, Inc. (WMB) | $4.40B | Energy |
| Valero Energy Corporation (VLO) | $4.31B | Energy |
Frequently asked questions
What is Diamondback Energy's operating income?
- Latest reported operating income for Diamondback Energy (FANG) is $4.92B (period ending December 31, 2025).
How has Diamondback Energy operating income changed year-over-year?
- Diamondback Energy (FANG) operating income changed +11.9% year-over-year on the latest annual filing.
When did Diamondback Energy operating income hit its highest annual value?
- Diamondback Energy operating income reached its highest annual value of $6.51B in 2022.
What was Diamondback Energy operating income in 2024?
- Diamondback Energy (FANG) operating income in 2024 was $4.40B.
What was Diamondback Energy operating income in 2025?
- Diamondback Energy (FANG) operating income in 2025 was $4.92B.
Metrics overview
Pick a metric for charts, filings, and peers — each row shows the latest TTM or annual value with year-over-year change.
Explore more
FANG Overview
Company profile, financial tools, and key metrics
FANG Revenue Counter
Earns $475.08 every second. See per minute, hour, and day.
FANG Earnings Counter
Earns $52.77 per second net profit. See per minute, hour, and day.
FANG Economic Scale
Exceeds Mauritius's GDP. Compare with world economies.
FANG What If Invested
What if you had invested $1,000? See historical returns from any date.
FANG How It Makes Money
Discover visual breakdown of $14.98B in revenue — where it comes from and where it goes.
FANG Stock Seasonality
Best and worst months to invest. Historical monthly returns heatmap.
FANG Price Target Scenarios
Model bear, base, and bull cases with EPS growth and exit P/E — pre-filled from analysts and history.
FANG Daily Price Character
Explosive · 53.2% historical win rate (green days). Streaks & record days.
FANG Buybacks
4.69% TTM buyback yield. Shareholder yield & SBC comparison.
FANG Dividend Profile
Yield: 1.97%. Safety: 4/7. See full history.
FANG Dividend Calculator
How much dividend income would $1,000 have earned? Calculate from any date.
FANG Dividend Forecast
Project future income with DRIP, growth assumptions, and optional monthly contributions.