Diamondback Energy, Inc., an independent oil and natural gas company, acquires, develops, explores, and exploits unconventional, onshore oil and natural gas reserves in the Permian Basin in West Texas, the United States. The company primarily focuses on the development of the Spraberry and Wolfcamp formations of the Midland Basin; and the Wolfcamp and Bone Spring formations of the Delaware Basin, both of which are part of the Permian Basin in West Texas and New Mexico. Diamondback Energy, Inc. was founded in 2007 and is headquartered in Midland, Texas.
Diamondback Energy, Inc. (FANG) reported trailing twelve months (TTM) revenue of $15.03B as of December 2025, which represents a 35.8% increase year-over-year. The company's operating margin has contracted to 27.0% from 33.3% a year ago. In terms of profitability, FANG generated $1.66B in net income. Valuation-wise, the stock trades at a P/E ratio of 26.0x and a Price-to-Sales (P/S) ratio of 2.9x. The company generated $2.07B in free cash flow over the last twelve months, indicating its ability to reinvest in growth or return capital to shareholders. Data based on the most recent quarterly reports.
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