FANG · 10-Q · 2026Q3 · Full report
Operating Income and Margins
Diamondback Energy, Inc. · 2026-11-04 · Importance 62 · Surprise 46 · From source text
Operating income increased to $2.500 billion in the third quarter of 2026 from $1.236 billion in the third quarter of 2025, and to $5.128 billion for the first nine months from $4.048 billion. Operating margin, calculated as operating income divided by revenue, rose to 46.0% from 31.5% for the quarter and to 33.7% from 34.7% for the nine-month period. Nine-month costs and expenses increased to $10.105 billion from $7.602 billion, including a $1.400 billion oil and natural gas property impairment charge in 2026 versus none in 2025.
Key facts
- Diamondback reported income from operations of $2,500 million for the three months ended September 30, 2026, compared with $1,236 million for the three months ended September 30, 2025. source
- Diamondback reported income from operations of $5,128 million for the nine months ended September 30, 2026, compared with $4,048 million for the nine months ended September 30, 2025. source
- Diamondback recorded $1.6 billion of net income in the third quarter of 2026. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| operating_income | positive | realized | +23.3% | Diamondback reported income from operations of $2,500 million for the three months ended September 30, 2026, compared with $1,236 million… |
| operating_income | positive | realized | +19.9% | Diamondback reported income from operations of $5,128 million for the nine months ended September 30, 2026, compared with $4,048 million… |