FANG Q2 2026 Earnings — Income Statement Breakdown
For its Q2 2026 period (ending 2026-06-30), FANG reported revenue of $5.6B, gross profit of $2.6B (46.6% gross margin), operating income of $2.5B, and net income of $1.9B (33.8% net margin). The flow of revenue into costs and profit is visualized below.
What changed
FANG was profitable; revenue grew 141643.1% quarter over quarter.
| Comparison | Revenue | Net income | Net margin |
|---|---|---|---|
| Year over year | Not available | Not available | Not available |
| Quarter over quarter | +141643.1% | +173676.5% | +6.2 pp |
Consensus estimate data is not available for this report.
FANG Q2 2026 Income Statement
| Line item | Amount (USD) | % of revenue |
|---|---|---|
| Revenue | $5.6B | 100% |
| Cost of Revenue | −$3.0B | 53.4% |
| Gross Profit | $2.6B | 46.6% |
| Research & Development | — | 0.0% |
| Selling, General & Administrative | −$81M | 1.5% |
| Operating Income | $2.5B | 45.2% |
| Interest Expense | −$56M | 1.0% |
| Other Income, net | −$4M | 0.1% |
| Income Tax Expense | −$580M | 10.4% |
| Net Income | $1.9B | 33.8% |
Source: FANG filings on SEC EDGAR (period ended 2026-06-30). Data normalized by EarningsFyi.