fang: the income statement

MyFinsight

Diamondback Energy, Inc. (FANG)

For the quarter ending 2025-06-30, FANG made $3,678M in revenue. $699M in net income. Net profit margin of 19.00%.

Unit: Million (M) dollars (except for numbers of shares and EPS)

	2025-06-30	2025-03-31	2024-09-30	2024-06-30
Total revenues	3,678	4,048	2,645	2,483
Cost of goods and services sold-Natural Gas Gathering Transportation Marketing And Processing	-	111	102	82
Cost of goods and services sold-Oil Purchased	-	382	280	299
Merger and integration expenses	-	37	258	3
General and administrative expenses	67	73	49	46
Production and ad valorem taxes	214	228	153	141
Other operating expenses	36	39	35	19
Lease operating expenses	440	408	316	254
Depreciation, depletion, amortization and accretion	1,266	1,097	742	483
Purchased oil expense	331	-	-	-
Merger and transaction expenses	40	-	-	-
Gathering, processing and transportation	145	-	-	-
Total costs and expenses	2,539	2,375	1,935	1,327
Income (loss) from operations	1,139	1,673	710	1,156
Gain (loss) on derivative instruments, net	-	226	-	-
Other income (expense), net	-	27	89	1
Other income (expense), net	-2	-	-	-
Interest expense, net	-56	-40	-18	-44
Income (loss) from equity investments, net	4	8	6	15
Gain (loss) on extinguishment of debt	55	-	-	-
Gain (loss) on derivative instruments, net	-197	-	131	18
Total other income (expense), net	-196	221	208	-10
Income (loss) before income taxes	943	1,894	918	1,146
Provision for (benefit from) income taxes	204	403	210	252
Net income (loss)	739	1,491	708	894
Net income (loss) attributable to non-controlling interest	40	86	49	57
Net income (loss) attributable to diamondback energy, inc	699	1,405	659	837

Basic (in shares)	292,135,000	289,612,000	204,730,000	178,360,000
Basic (in usd per share)	2.38	4.83	3.19	4.66
Diluted (in shares)	292,135,000	289,612,000	204,730,000	178,360,000
Diluted (in usd per share)	2.38	4.83	3.19	4.66

Unit: Million (M) dollars (except for numbers of shares and EPS)