Filing Flows › Diamondback Energy (FANG) › Q4 2025
Diamondback Energy (FANG) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 25, 2026
Diamondback Energy (FANG) reported revenue of $3.4B for the fourth quarter 2025 (Q4 2025), -9% from a year earlier and -14% from the quarter before. Operating margin was -82.4%, net loss $1.8B (52.3% of revenue).
Diamondback Energy, Q4 2025: revenue $3.4B (-9% year over year), operating margin -82.4%, net loss $1.8B, operating cash flow $2.3B. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $3.4B | -14% | -9% |
| Operating profit | −$2.8B | -325% | — |
| Net earnings | −$1.8B | -273% | — |
| Operating cash flow | $2.3B | -2% | +0.1% |
| Free cash flow | $1.4B | +65% | -0.6% |
What changed
Revenue was $3.4B in Q4 2025, down 9% year over year and down 14% from the previous quarter. Aggregate Revenues was the largest line at 100% of revenue.
Operating costs exceeded revenue by $2.8B, an operating margin of -82.4%. Total costs grew 168% against a revenue fall of 9%. The fastest-growing cost line was Other operating costs (+173%). The quarter ended with a net loss of $1.8B, after a profit of $1.1B the previous quarter. Minority interests bore $0.31B of it: to shareholders the quarter was a loss of $1.5B.
Operating cash flow was $2.3B (roughly flat year over year). Non-cash charges added back $1.4B of depreciation and amortization. Working capital and other items added $2.7B. Capital expenditures of $0.94B left free cash flow of $1.4B.
Questions
What was Diamondback Energy's revenue in the fourth quarter 2025?
Diamondback Energy (FANG) reported revenue of $3.4B for the fourth quarter 2025 (Q4 2025), -9% from a year earlier and -14% from the quarter before.
Was Diamondback Energy profitable in the fourth quarter 2025?
Operating loss was $2.8B (-82.4% of revenue) and net loss $1.8B.
Source: Diamondback Energy 10-K on SEC EDGAR.