Energy
Price
$172.04
+0.05%Market Cap
$48.4B
Day High
$174.00
Day Low
$170.10
FANG reported Q1 FY2026 revenue of $4.24B (+4.7% YoY) but saw a dramatic collapse in profitability, with operating income plunging 93.1% to $116M and net income falling 98.2% to just $25M, likely driven by a significant one-time or non-cash charge.
Key risk: Severe Liquidity Pressure from Low Cash Reserves
Cash and equivalents dropped 90.4% YoY to just $174M, while current liabilities stand at $4.82B, resulting in a current ratio of only 0.56—well below 1.0. This means FANG's short-term liabilities significantly exceed its liquid assets, creating potential refinancing or liquidity risk if operating cash flows deteriorate.
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