Filing Flows › Diamondback Energy (FANG) › Q2 2026 › vs Q2 2025
Diamondback Energy (FANG) Q2 2026 vs Q2 2025 (year over year)
Diamondback Energy's revenue rose $1.9B (+51%) from $3.7B in Q2 2025 to $5.6B in Q2 2026. Operating margin 45.2% against 31.0% (+14.2 pts).
Diamondback Energy, Q2 2026: revenue $5.6B (+51% year over year), operating margin 45.2%, net earnings $1.9B, operating cash flow $3.6B. The chart draws each line against Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Operating margin | 45.2% | 31.0% | +14.2 pts |
| Net margin | 33.8% | 19.0% | +14.8 pts |
| Free cash flow margin | 46.6% | -39.4% | +86.0 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Revenue | $5.6B | $3.7B | $1.9B | +51% |
| Other income, net | $123M | −$196M | $319M | — |
| Operating profit | $2.5B | $1.1B | $1.4B | +121% |
| Costs & expenses | $3.0B | $2.5B | $511M | +20% |
| Pre-tax earnings | $2.6B | $943M | $1.7B | +179% |
| SG&A | $72.0M | $67.0M | $5.0M | +7% |
| Other operating costs | $3.0B | $2.5B | $506M | +20% |
| Net earnings | $1.9B | $699M | $1.2B | +169% |
| Minority interests | $173M | $40.0M | $133M | +332% |
| Income tax | $580M | $204M | $376M | +184% |
| Depreciation & amortization | $1.3B | $1.3B | $6.0M | +0.5% |
| Working capital & other | $435M | −$309M | $744M | — |
| Operating cash flow | $3.6B | $1.7B | $1.9B | +114% |
| Free cash flow (OCF − capex) | $2.6B | −$1.4B | $4.0B | — |
| Capital expenditures | $996M | $3.1B | −$2.1B | -68% |
Questions
How much did Diamondback Energy's revenue grow year over year in Q2 2026?
Diamondback Energy's revenue rose $1.9B (+51%) from $3.7B in Q2 2025 to $5.6B in Q2 2026. Operating margin 45.2% against 31.0% (+14.2 pts).