Diamondback Energy Inc
Statements
Segments
US companies must disclose in their mandatory reports how revenue breaks down across business segments, regions and product lines. We read that breakdown for you straight from the annual and quarterly reports (10-K and 10-Q) of Diamondback Energy Inc (FANG). It shows which part of the business is growing — and which one is holding it back.
Revenue by business segment
| Segment | 2021 | 2022 | 2023 |
|---|---|---|---|
| Upstream | $6.75B 99.3% | $9.57B 99.3% · +41.9% | $8.34B 99.2% · -12.8% |
| All Other | $50.0M 0.7% | $71.0M 0.7% · +42.0% | $68.0M 0.8% · -4.2% |
Large figure: segment revenue. Below it the share of revenue in that period and the change against the prior year.
| Segment | 2021 | 2022 | 2023 |
|---|---|---|---|
| Upstream | $3.88B 57.5% | $6.43B 67.2% | $4.52B 54.2% |
| All Other | $180.0M 360.0% | $166.0M 233.8% | $129.0M 189.7% |
Large figure: segment operating income. Below it the margin, that is operating income measured against the revenue of the same segment.
Revenue by region
| Segment | 2020 | 2021 | 2022 |
|---|---|---|---|
| Midland Basin | $1.59B 57.6% | $4.29B 63.6% · +170.2% | $6.82B 71.3% · +59.1% |
| Delaware Basin | $1.16B 42.1% | $2.13B 31.5% · +83.2% | $2.73B 28.5% · +28.2% |
| Other | $8.0M 0.3% | $332.0M 4.9% · +4,050.0% | $17.0M 0.2% · -94.9% |
Large figure: segment revenue. Below it the share of revenue in that period and the change against the prior year.
Segment and region names are the ones the company itself uses and are shown as reported. Change and share refer to revenue.
Data as of: August 7, 2026 · Source: fundamental data & SEC filings (annual and quarterly reports, 10-K/10-Q) · Segment figures: SEC EDGAR (10-K/10-Q reports)
Note: pure fact-based analysis, not investment advice and not a solicitation to buy or sell. All figures without guarantee.