FANG · 8-K · 20261102PR000180

Operating Income and Margins

Diamondback Energy, Inc. · 2026-11-02 · Importance 74 · Surprise 64

Third-quarter operating income increased to $2.500 billion from $1.236 billion a year earlier, and operating margin rose to approximately 46.0% of revenue from 31.5%. Total costs and expenses increased to $2.931 billion from $2.688 billion, slower than revenue growth. Net income attributable to Diamondback rose to $1.603 billion from $1.018 billion.

Key facts

• Diamondback’s Q3 2026 consolidated Adjusted EBITDA was $3.752 billion and Adjusted EBITDA attributable to Diamondback was $3.393 billion. source
• Diamondback’s Q3 2026 net income attributable to the company was $1.603 billion and diluted earnings per share were $5.69. source
• Diamondback’s Q3 2026 adjusted net income was $1.649 billion, or $5.86 per diluted share. source