Revenue
Trailing-twelve-month (TTM) revenue is $15.19 Billion with a year-over-year growth of +18.35%. Revenue represents the total income generated from the company's primary business operations.
FANG Revenue
Reported quarterly revenue; no daily interpolation.
FANG Quarterly Revenue Growth (YoY)
Revenue growth vs the same quarter one year earlier, last 20 quarters.
FANG Revenue by Segment
How FANG’s revenue breaks down across its reported segments in the latest reported fiscal year.
By product / business (FY 2025)
- Oil Exploration and Production$25.07B88.3%
- Oil Purchased$1.48B5.2%
- Natural Gas Liquids Production$1.43B5.0%
- Natural Gas, Production$400.00M1.4%
Shares are of reported segments and may not sum to total company revenue.
FANG Revenue by Product / Business (history)
How the revenue mix has shifted across the last 2 reported fiscal years. Bar height tracks total revenue.
- Oil Exploration and Production
- Oil Purchased
- Natural Gas Liquids Production
- Natural Gas, Production
Bars in years without a matched total revenue show the share of reported segments only.
Revenue (TTM)
$15.19B
$15.19 Billion
Year-over-Year Growth
+18.35%
vs. $12.84B a year ago (TTM)
Revenue CAGR
+37.44%
5 Year compound annual growth rate
Revenue CAGR (Compound Annual Growth Rate)
1 Year
+18.35%
3 Year
+18.36%
5 Year
+37.44%
10 Year
+42.74%
15 Year
+52.32%
20 Year
N/A
CAGR shows the annualized growth rate over the specified period, smoothing out year-to-year volatility.
Annual Revenue History
| Year | Revenue | YoY Change | % Change |
|---|---|---|---|
| 2025 | $15.03B | +$4.00B | +36.31% |
| 2024 | $11.02B | +$2.68B | +32.19% |
| 2023 | $8.34B | ($1.23B) | (12.83%) |
| 2022 | $9.57B | +$2.82B | +41.78% |
| 2021 | $6.75B | +$3.93B | +139.85% |
| 2020 | $2.81B | ($1.15B) | (29.04%) |
| 2019 | $3.96B | +$1.79B | +82.17% |
| 2018 | $2.18B | +$971.00M | +80.58% |
| 2017 | $1.21B | +$677.89M | +128.61% |
| 2016 | $527.11M | +$80.37M | +17.99% |
Revenue Growth Summary
TTM Growth
+18.35%
3-Year Avg Growth
+18.36%
5-Year Avg Growth
+37.44%
About Diamondback Energy, Inc.
Diamondback Energy, Inc. operates as an independent enterprise focused on oil and natural gas. Its core business involves the acquisition, development, exploration, and production of unconventional and onshore hydrocarbon reserves, predominantly located within the Permian Basin across West Texas and New Mexico. The company's development efforts primarily target significant geological formations, including the Spraberry and Wolfcamp in the Midland Basin, as well as the Wolfcamp and Bone Spring within the Delaware Basin – both crucial components of the broader Permian. As of December 31, 2021, Diamondback Energy's asset base included approximately 524,700 gross acres under its control in the Permian Basin. At that time, its estimated proved oil and natural gas reserves amounted to 1,788,991 thousand barrels of crude oil equivalent. The company also maintained working interests in 5,289 gross producing wells and held royalty interests in an additional 6,455 wells. Beyond its direct well operations, Diamondback Energy possesses mineral interests spanning roughly 930,871 gross acres and 27,027 net royalty acres across the Permian Basin and the Eagle Ford Shale. Furthermore, it manages a portfolio of midstream infrastructure, owning, operating, developing, and acquiring assets such as 866 miles of crude oil gathering pipelines, natural gas gathering pipelines, and an integrated water system within the Midland and Delaware Basins of the Permian. Established in 2007, Diamondback Energy, Inc. is headquartered in Midland, Texas.
- Sector
- Energy
- Industry
- Oil & Gas Exploration & Production
- CEO
- Matthew Kaes Van't Hof