Filing Flows › Diamondback Energy (FANG) › Q1 2025
Diamondback Energy (FANG) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 7, 2025
Diamondback Energy (FANG) reported revenue of $4.0B for the first quarter 2025 (Q1 2025), +82% from a year earlier and +9% from the quarter before. Operating margin was 41.3%, net earnings $1.4B (34.7% of revenue).
Diamondback Energy, Q1 2025: revenue $4.0B (+82% year over year), operating margin 41.3%, net earnings $1.4B, operating cash flow $2.4B. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $4.0B | +9% | +82% |
| Operating profit | $1.7B | +18% | +50% |
| Net earnings | $1.4B | +31% | +83% |
| Operating cash flow | $2.4B | +0.6% | +77% |
| Free cash flow | $1.4B | +0.4% | +95% |
What changed
Revenue was $4.0B in Q1 2025, up 82% year over year and up 9% from the previous quarter. Total oil, natural gas and natural gas liquid revenues was the largest line at 90% of revenue. Total oil, natural gas and natural gas liquid revenues added $1.6B year over year (up 74%), 85% of the total change.
Operating profit was $1.7B, a 41.3% margin (down 8.9 points year over year). Of the extra revenue versus a year earlier, 30% reached operating profit, below the 50% margin then. Total costs grew 114% against revenue growth of 82%. The fastest-growing cost line was Other operating costs (+117%). Net earnings were $1.4B, up 83% year over year. The effective tax rate was 21.3%.
Operating cash flow was $2.4B (up 77% year over year), 158% of net income including minority interests. Non-cash charges added back $1.1B of depreciation and amortization and $0.02B of share-based compensation. Working capital and other items used $0.25B. Capital expenditures of $0.94B left free cash flow of $1.4B.
Questions
What was Diamondback Energy's revenue in the first quarter 2025?
Diamondback Energy (FANG) reported revenue of $4.0B for the first quarter 2025 (Q1 2025), +82% from a year earlier and +9% from the quarter before.
Was Diamondback Energy profitable in the first quarter 2025?
Operating profit was $1.7B (41.3% of revenue) and net earnings $1.4B.
Source: Diamondback Energy 10-Q on SEC EDGAR.