Filing Flows › Diamondback Energy (FANG) › Q3 2026 › vs Q3 2025
Diamondback Energy (FANG) Q3 2026 vs Q3 2025 (year over year)
Diamondback Energy's revenue rose $1.5B (+38%) from $3.9B in Q3 2025 to $5.4B in Q3 2026. Operating margin 46.0% against 31.5% (+14.5 pts).
Diamondback Energy, Q3 2026: revenue $5.4B (+38% year over year), operating margin 46.0%, net earnings $1.6B, operating cash flow $2.6B. The chart draws each line against Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Operating margin | 46.0% | 31.5% | +14.5 pts |
| Net margin | 29.5% | 25.9% | +3.6 pts |
| Free cash flow margin | 26.6% | 21.6% | +5.0 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Revenue | $5.4B | $3.9B | $1.5B | +38% |
| Operating profit | $2.5B | $1.2B | $1.3B | +102% |
| Costs & expenses | $2.9B | $2.7B | $243M | +9% |
| Pre-tax earnings | $2.3B | $1.4B | $902M | +66% |
| Other expense, net | $228M | −$134M | $362M | — |
| SG&A | $83.0M | $70.0M | $13.0M | +19% |
| Other operating costs | $2.8B | $2.6B | $230M | +9% |
| Net earnings | $1.6B | $1.0B | $585M | +57% |
| Minority interests | $168M | $65.0M | $103M | +158% |
| Income tax | $501M | $287M | $214M | +75% |
| Depreciation & amortization | $1.3B | $1.3B | $34.0M | +3% |
| Working capital & other | $324M | −$57.0M | $381M | — |
| Operating cash flow | $2.6B | $2.4B | $216M | +9% |
| Free cash flow (OCF − capex) | $1.4B | $847M | $595M | +70% |
| Capital expenditures | $1.2B | $1.5B | −$379M | -25% |
Questions
How much did Diamondback Energy's revenue grow year over year in Q3 2026?
Diamondback Energy's revenue rose $1.5B (+38%) from $3.9B in Q3 2025 to $5.4B in Q3 2026. Operating margin 46.0% against 31.5% (+14.5 pts).