Financial Statements — FANG
Balance Sheet
(in billions USD)| Metric | Q1
2026 | Q3
2025 | Q2
2025 | Q1
2025 | Q3
2024 | Q2
2024 | Q1
2024 | Q3
2023 | Q2
2023 | Q1
2023 | Q3
2022 | Q2
2022 | Q1
2022 | Q3
2021 | Q2
2021 | Q1
2021 |
|---|
| Cash & Equivalents | 0.17 | 0.16 | 0.22 | 1.82 | 0.37 | 6.91 | 0.90 | 0.83 | 0.02 | 0.05 | 0.03 | 0.04 | 0.15 | 0.46 | 0.34 | 0.12 |
| Accounts Receivable | 1.83 | 1.28 | 1.28 | 1.33 | 1.20 | 0.71 | 0.73 | 0.79 | 0.54 | 0.61 | 0.67 | 0.96 | 0.97 | 0.71 | 0.58 | 0.53 |
| Inventory | 0.08 | 0.09 | 0.12 | 0.12 | 0.13 | 0.06 | 0.06 | 0.07 | 0.07 | 0.07 | 0.06 | 0.07 | 0.06 | 0.05 | 0.05 | 0.05 |
| Total Current Assets | 2.70 | 2.58 | 2.07 | 4.08 | 2.02 | 7.83 | 1.95 | 1.92 | 0.92 | 1.16 | 1.03 | 1.20 | 1.35 | 1.46 | 1.14 | 0.85 |
| Property, Plant & Equipment | 66.61 | 72.53 | 69.23 | 64.90 | 63.05 | 27.10 | 27.02 | 25.37 | 25.15 | 25.51 | 21.90 | 21.37 | 21.11 | 20.41 | 20.42 | 20.35 |
| Total Non-current Assets* | 67.38 | 73.63 | 69.88 | 65.98 | 63.73 | 27.81 | 27.74 | 26.13 | 26.67 | 26.43 | 22.81 | 22.25 | 21.98 | 21.18 | 21.19 | 21.15 |
| Total Assets | 70.08 | 76.21 | 71.94 | 70.07 | 65.75 | 35.64 | 29.69 | 28.05 | 27.59 | 27.59 | 23.84 | 23.45 | 23.33 | 22.64 | 22.34 | 22.00 |
| Short-term Debt | 0.75 | 0.39 | 0.01 | 0.91 | 1.00 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Total Current Liabilities | 4.82 | 4.14 | 3.76 | 4.75 | 4.46 | 2.14 | 2.12 | 2.14 | 2.12 | 1.89 | 1.68 | 1.64 | 1.87 | 2.00 | 1.97 | 1.87 |
| Long-term Debt | 13.15 | 15.85 | 15.12 | 13.00 | 11.92 | 11.98 | 6.63 | 6.23 | 6.54 | 6.95 | 5.35 | 5.40 | 5.80 | 6.93 | 7.36 | 7.47 |
| Total Non-current Liabilities* | 22.62 | 26.44 | 25.36 | 23.57 | 22.47 | 14.97 | 9.55 | 8.92 | 9.25 | 9.58 | 7.61 | 7.42 | 7.61 | 8.22 | 8.47 | 8.48 |
| Total Liabilities | 27.44 | 30.58 | 29.12 | 28.32 | 26.93 | 17.11 | 11.67 | 11.07 | 11.38 | 11.47 | 9.29 | 9.06 | 9.48 | 10.22 | 10.45 | 10.34 |
| Retained Earnings | 4.47 | 6.49 | 5.76 | 5.35 | 3.43 | 3.19 | 2.71 | 2.14 | 1.37 | 0.97 | 0.20 | (0.46) | (1.33) | (2.91) | (3.47) | (3.71) |
| Total Stockholder Equity | 36.47 | 39.09 | 38.88 | 38.47 | 37.43 | 17.45 | 16.95 | 16.28 | 15.55 | 15.46 | 13.84 | 13.32 | 12.74 | 11.48 | 10.93 | 10.67 |
* Derived from reported values
Income Statement
(in billions USD) (except per-share rows)| Metric | Q1
2026 | Q4
2025 | Q3
2025 | Q2
2025 | Q1
2025 | Q4
2024 | Q3
2024 | Q2
2024 | Q1
2024 | Q4
2023 | Q3
2023 | Q2
2023 | Q1
2023 | Q4
2022 | Q3
2022 | Q2
2022 | Q1
2022 | Q4
2021 | Q3
2021 | Q2
2021 |
|---|
| Total Revenue | 4.24 | 3.38 | 3.92 | 3.68 | 4.05 | 3.71 | 2.65 | 2.48 | 2.23 | 2.23 | 2.34 | 1.90 | 1.90 | 2.01 | 2.42 | 2.75 | 2.39 | 2.01 | 1.90 | 1.67 |
| Selling, General & Admin | 0.08 | 0.08 | 0.07 | 0.07 | 0.07 | 0.07 | 0.05 | 0.05 | 0.05 | 0.04 | 0.03 | 0.04 | 0.04 | 0.04 | 0.03 | 0.04 | 0.04 | 0.05 | 0.04 | 0.04 |
| Operating Income | 0.12 | (2.78) | 1.24 | 1.14 | 1.67 | 1.41 | 0.71 | 1.16 | 1.12 | 1.21 | 1.34 | 1.00 | 1.02 | 1.26 | 1.61 | 1.98 | 1.66 | 1.31 | 1.16 | 0.96 |
| Pretax Income | 0.18 | (2.33) | 1.37 | 0.94 | 1.89 | 1.41 | 0.92 | 1.15 | 1.03 | 1.27 | 1.27 | 0.75 | 0.95 | 1.29 | 1.56 | 1.86 | 1.02 | 1.33 | 0.87 | 0.42 |
| Tax Provision | 0.03 | (0.57) | 0.29 | 0.20 | 0.40 | 0.12 | 0.21 | 0.25 | 0.22 | 0.26 | 0.28 | 0.17 | 0.21 | 0.26 | 0.29 | 0.40 | 0.22 | 0.28 | 0.19 | 0.09 |
| Net Income | 0.03 | (1.46) | 1.02 | 0.70 | 1.41 | 1.07 | 0.66 | 0.84 | 0.77 | 0.96 | 0.92 | 0.56 | 0.71 | 1.01 | 1.18 | 1.42 | 0.78 | 1.00 | 0.65 | 0.31 |
| Basic EPS | 0.08 | (4.99) | 3.51 | 2.38 | 4.83 | 3.40 | 3.19 | 4.66 | 4.28 | 5.34 | 5.07 | 3.05 | 3.88 | 5.55 | 6.72 | 7.95 | 4.39 | 5.70 | 3.59 | 1.72 |
| Diluted EPS | 0.08 | (4.99) | 3.51 | 2.38 | 4.83 | 3.40 | 3.19 | 4.66 | 4.28 | 5.34 | 5.07 | 3.05 | 3.88 | 5.60 | 6.72 | 7.93 | 4.36 | 5.70 | 3.56 | 1.71 |
Cash Flow Statement
(in billions USD)| Metric | Q1
2026 | Q4
2025 | Q3
2025 | Q2
2025 | Q1
2025 | Q4
2024 | Q3
2024 | Q2
2024 | Q1
2024 | Q4
2023 | Q3
2023 | Q2
2023 | Q1
2023 | Q4
2022 | Q3
2022 | Q2
2022 | Q1
2022 | Q4
2021 | Q3
2021 | Q2
2021 |
|---|
| Operating Cash Flow | 1.83 | 2.34 | 2.38 | 1.68 | 2.36 | 2.34 | 1.21 | 1.53 | 1.33 | 1.62 | 1.36 | 1.51 | 1.43 | 1.44 | 1.93 | 1.71 | 1.25 | 1.17 | 1.20 | 0.95 |
| Capital Expenditures | 0.31 | 0.53 | 1.54 | 3.13 | 0.75 | 0.93 | 7.79 | 0.05 | 0.15 | 0.82 | 0.17 | 0.14 | 0.88 | 0.94 | 0.25 | 0.09 | 0.30 | 0.37 | 0.03 | 0.07 |
| Free Cash Flow* | 1.51 | 1.82 | 0.85 | (1.45) | 1.61 | 1.42 | (6.58) | 1.48 | 1.18 | 0.80 | 1.19 | 1.37 | 0.55 | 0.50 | 1.68 | 1.62 | 0.96 | 0.79 | 1.17 | 0.89 |
| Investing Cash Flow | (0.66) | (0.12) | (2.06) | (3.98) | (1.65) | (1.85) | (8.17) | (0.45) | (0.75) | (1.46) | 0.02 | (0.59) | (1.28) | (1.38) | (0.72) | (0.52) | (0.72) | (0.22) | (0.42) | (0.31) |
| Financing Cash Flow | (1.10) | (2.67) | 0.01 | 0.48 | 1.18 | (0.69) | 0.42 | 4.93 | (0.27) | (0.40) | (0.56) | (0.95) | (0.26) | 0.07 | (1.23) | (1.30) | (1.04) | (0.82) | (0.63) | (0.42) |
* Derived from reported values
Dividends Per Share
(USD)| Metric | Q1
2026 | Q4
2025 | Q3
2025 | Q2
2025 | Q1
2025 | Q4
2024 | Q3
2024 | Q2
2024 | Q1
2024 | Q4
2023 | Q4
2022 | Q3
2022 | Q2
2022 | Q1
2022 | Q4
2021 | Q3
2021 | Q2
2021 | Q1
2021 | Q4
2020 | Q3
2020 |
|---|
| Dividends Per Share | 1.05 | 1.00 | 1.00 | 1.00 | 1.00 | 0.90 | 2.34 | 1.97 | 3.08 | 3.37 | 2.95 | 2.26 | 3.05 | 3.05 | 0.60 | 0.50 | 0.45 | 0.40 | 0.40 | 0.38 |
