The following tables disaggregate the Company’s revenue from oil, natural gas and natural gas liquids by revenue generated from production on properties operated by Diamondback and revenue generated from production on properties operated by third parties:
| | | | | | | | | | | | | | | | | | | Year Ended December 31, 2025 | | Revenue Generated from Diamondback Operated Properties | | Revenue Generated from Third-Party Operated Properties | | Total | | (In millions) | | Oil income | $ | 612 | | | $ | 519 | | | $ | 1,131 | | | Natural gas income | 31 | | | 25 | | | 56 | | | Natural gas liquids income | 98 | | | 61 | | | 159 | | | Total royalty income | $ | 741 | | | $ | 605 | | | $ | 1,346 | |
| | | | | | | | | | | | | | | | | | | Year Ended December 31, 2024 | | Revenue Generated from Diamondback Operated Properties | | Revenue Generated from Third-Party Operated Properties | | Total | | (In millions) | | Oil income | $ | 398 | | | $ | 352 | | | $ | 750 | | | Natural gas income | 10 | | | 5 | | | 15 | | | Natural gas liquids income | 51 | | | 38 | | | 89 | | | Total royalty income | $ | 459 | | | $ | 395 | | | $ | 854 | |
| | | | | | | | | | | | | | | | | | | Year Ended December 31, 2023 | | Revenue Generated from Diamondback Operated Properties | | Revenue Generated from Third-Party Operated Properties | | Total | | (In millions) | | Oil income | $ | 377 | | | $ | 242 | | | $ | 619 | | | Natural gas income | 16 | | | 15 | | | 31 | | | Natural gas liquids income | 42 | | | 25 | | | 67 | | | Total royalty income | $ | 435 | | | $ | 282 | | | $ | 717 | |
|