Revenue segments as reported by the company.

Oil, natural gas and natural gas liquid sales

Midstream services

Other operating income

Sales of purchased oil

Revenue Segments

Gross Profit, Operating Income, and Net Income as a percentage of Revenue

Operating Margin

Profit Margin

Margins

An operating expense is an expense a business incurs through its normal business operations. Often abbreviated as OPEX.

Lease operating expenses

Production and ad valorem taxes

Gathering and transportation

Midstream services expense

Depreciation, depletion, amortization and accretion

Impairment of oil and natural gas properties

General and administrative

Merger and integration expense

Other operating expense

Purchased oil expense

Operating Expenses

Year over year growth in Revenue and Operating Expenses.

Revenue Y/Y

OpEx Y/Y

Growth

Shares outstanding refer to a company's stock currently held by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company's officers and insiders.

Outstanding Shares

Market Cap

Also known as Price/Sales Ratio. Calculated using Average market cap for the quarter / Annualized quarterly revenue.

Revenue Multiple

Diamondback Energy

Diamondback Energy, Inc. is an independent oil and natural gas company, which engages in the acquisition, development, exploration and exploitation of unconventional, onshore oil and natural gas reserves. It operates through the Upstream and Midstream Services segments. The Upstream segment focuses on the Permian Basin operations in West Texas. The Midstream Services segment is involved in the Midland and Delaware Basins. The company was founded in December 2007 and is headquartered in Midland, TX.

Earnings data Q1 2021

Earnings data Q2 2021

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Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

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Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

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Earnings data Q3 2024

Earnings data Q4 2024

Diamondback Energy excels in Q4 2022, navigates challenges, eyes opportunities

Diamondback Energy's Q4 2022 performance was marked by robust financial results, strategic acquisitions, and operational optimizations. While facing inflationary pressures and market challenges, the company is focused on maintaining capital efficiency and hedging oil prices. Opportunities lie in asset optimization, e-fleet technology adoption, and potential M&A activities.

Diamondback Energy excels in operational efficiencies and strategic financial management

Diamondback Energy's Q1 2023 earnings call highlighted strong operational performance, cost efficiencies, and strategic capital allocation. The company's commitment to efficiency, hedging strategies, and focus on reducing debt showcase a resilient financial strategy amidst market challenges and opportunities.

Diamondback Energy excels in Q2 with focus on efficiency and growth

Diamondback Energy's Q2 earnings call highlighted strong performance, operational efficiencies, and strategic capital allocation. The company's focus on cost control, value creation, and disciplined M&A positions it well for future growth. Challenges in managing service costs, production dynamics, and technology optimization underscore the need for continued strategic focus.

Diamondback Energy prioritizes capital efficiency and shareholder returns in Q3

Diamondback Energy's Q3 call highlights a strategic focus on capital efficiency and shareholder returns. The company aims for modest growth through cost savings and consistent operational performance. Challenges include managing costs, activity levels, and addressing industry consolidation dynamics.

Diamondback Energy prioritizes capital efficiency and cost control post-merger

Diamondback Energy's Q4 2023 performance highlighted a focus on capital efficiency, cost control, and maintaining production levels amidst market challenges.
The company's strengths lie in size and scale benefits, strategic hedging, and plans for operational improvements post-merger.
Challenges include managing commodity price volatility, balancing debt reduction, and navigating market uncertainties.
Opportunities arise from asset sales, tax benefits, synergies with Endeavor, and future M&A activities for growth and efficiency.

Diamondback Energy focuses on efficiency and growth strategies in Q1 2024 earnings call

Diamondback Energy's Q1 2024 earnings call highlighted a proactive approach to addressing industry challenges while capitalizing on growth opportunities. The company's strategic initiatives, cost management efforts, and focus on operational efficiencies position them well for future success in a dynamic market environment.

Diamondback Energy excels in Q3, eyes cost efficiency and diversification

Diamondback Energy's Q3 2024 earnings call highlighted a strong performance with a focus on free cash flow generation and cost optimization.
The company's strategic initiatives to decrease breakeven per barrel, explore new revenue streams, and maintain shareholder returns demonstrate a proactive approach.
While facing challenges in a competitive landscape, Diamondback Energy's adaptability and commitment to shareholder value position them well for future growth.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Diamondback Energy, Inc. is an independent oil and natural gas company, which engages in the acquisition, development, exploration, and exploitation of unconventional, onshore oil, and natural gas reserves. It operates through the Upstream and Midstream Services segments. The Upstream segment focuses on the Permian Basin operations in West Texas. The Midstream Services segment is involved in the Midland and Delaware Basins. The company was founded in December 2007 and is headquartered in Midland, TX.

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Are Investors Undervaluing Diamondback Energy (FANG) Right Now?

Diamondback (FANG) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might help the stock continue moving higher in the near term.

Diamondback (FANG) Stock Jumps 4.2%: Will It Continue to Soar?

Coterra Energy

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While the energy sector is up again this year after a blowout 2022, oil prices fell further on Friday on the back of macroeconomic-related demand fears as well as the Russian government lifting part of its diesel export ban.

5 Lost Formula Energy Stocks to Consider for the 4th Quarter

Oil prices are rising due to supply constraints and strong export demand, despite weak economic growth. Diamondback Energy is a top pick for long-term oil exposure, with deep reserves, efficient operations, and shareholder-friendly distribution plans. FANG offers the potential for substantial returns through dividends, buybacks, and special dividends in an undervalued energy market.

9% Return Yield At $90 Oil - Diamondback Is The Only FANG You Need

AbbVie

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Diamondback's variable dividend offers even more upside potential from this red-hot oil stock. NextEra Energy Partners generates steady cash flows from its sizable renewable energy portfolio.

Want $500 in Passive Income? Invest $3,500 Into These 3 Dividend Stocks and Wait 4 Years

MIDLAND, Texas, Sept. 26, 2023 (GLOBE NEWSWIRE) -- Diamondback Energy, Inc. (NASDAQ: FANG) (“Diamondback” or “the Company”) today released its 2023 Corporate Sustainability Report. The online report outlines Diamondback's approach to sustainability, commitment to environmental responsibility, managing and reducing risks, governance and business ethics, and our commitment to our people and communities. The report highlights Diamondback's performance in these categories through December 31, 2022, discusses Diamondback's sustainability targets and 2023 initiatives and is available at www.diamondbackenergy.com/about/sustainability.

Diamondback Energy, Inc. Releases 2023 Corporate Sustainability Report

Enbridge

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A major acquisition makes Enbridge's ultra-high-yield dividend look even safer. Diamondback Energy is an interesting way to get exposure to oil.

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Chevron

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Energy Transfer LP Unit

Pioneer Natural Resources

Since topping out at $120 a barrel back in the summer of 2022, the major oil benchmarks traded down every month until bottoming last December.

Oil Could Blow Through $100 by October: 7 ‘Strong Buy' Analyst Favorites That Pay Big Dividends

MIDLAND, Texas, Sept. 21, 2023 (GLOBE NEWSWIRE) -- Diamondback Energy, Inc. (NASDAQ: FANG) (“Diamondback”), today announced that it plans to release third quarter 2023 financial results on November 6, 2023 after the market closes.

Diamondback Energy, Inc. Schedules Third Quarter 2023 Conference Call for November 7, 2023

Diamondback (FANG) and Five Point Energy LLC form a joint venture entity in the Midland Basin under a 15-year agreement to sustainably manage water infrastructure.

Diamondback (FANG) and Five Point Energy LLC Join Forces

Brookfield Infrastructure Partners L.P.

Energy Transfer trades at a massive discount to its peers. Diamondback Energy is getting cheaper as oil prices rally.

3 Bargain-Basement Stocks to Buy With No Hesitation

Five Point Holdings

U.S. shale oil producer Diamondback Energy has formed a new joint venture with private equity firm Five Point Energy LLC to create a water infrastructure network in the Midland Basin that is part of the oil-rich Permian in Texas.

Diamondback, Five Point Energy form water management joint venture

Diamondback Energy Inc. FANG, +0.75% stock was up 0.8% in premarket trades on Monday after the company said it would get a $500 million payment and retain a 30% equity interest as part of the formation of a new joint venture entity, Deep Blue Midland Basin LLC, with Five Point Energy LLC, a private-equity firm. Diamond Back and Five Point will also contribute an additional $500 million for future growth and acquisitions by Deep Blue Midland.

Diamondback Energy forms water infrastructure platform with Five Point Energy

Creates The Premier Sustainable Water Management Platform in the Midland Basin Creates The Premier Sustainable Water Management Platform in the Midland Basin

Diamondback Energy, Inc. and Five Point Energy LLC Form Deep Blue Midland Basin LLC

Baker Hughes Co

The energy sector has rotated back into leadership, with big S&P 500 components such as Exxon Mobil Corp. NYSE: XOM, Chevron Corp. NYSE: CVX and Schlumberger Ltd. NYSE: SLB trading to the upside in recent weeks.

Baker Hughes, Pioneer, Diamondback: Energy Stocks on the Rise

Northern Oil and Gas

TotalEnergies SE

Since topping out at $120 a barrel back in the summer of 2022, the major oil benchmarks had traded down every month until bottoming in the beginning of December.

Oil Surges Over $90 on Huge Saudi Production Cuts: 7 ‘Strong Buy' Big Dividend Stocks to Grab Now

Chord Energy Corp

Hess

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Ovintiv

Now might be a great time to look for the best oil stocks to buy. Expectations of rising Brent crude oil prices for the remainder of 2023 continuing into 2024 are making the search for oil stocks to buy worthwhile again.

Top 7 Oil Stocks to Grab as Brent Crude Skyrockets Into 2024

Diamondback (FANG) reported earnings 30 days ago. What's next for the stock?

Why Is Diamondback (FANG) Up 2.2% Since Last Earnings Report?

Diamondback Energy emphasizes per share growth as part of return to shareholders, with a focus on rapid cash flow growth. Management has a history of accretive acquisitions and cleaning the balance sheet, reducing the risk of acquisition failure. The company has access to lower cost debt due to its investment grade rating, providing flexibility to repurchase debt and retire bonds.

Diamondback Energy: Growth Story

Occidental Petroleum

Interestingly, interest rates are higher in the United States since the economy is much stronger than analysts' and economists' forecasts. Furthermore, unemployment is below 4%, the S&P 500 grew roughly 20% this year, and economists surveyed by the Philadelphia Fed stated that GDP is projected to grow by 1.6% in Q3 2023.

These Are the ONLY 3 Oil Stocks to Consider in August 2023

Diamondback Energy has delivered sector-leading dividend growth since initiating its payout. The oil company treats the payout as a debt-like expense owed to shareholders.

This Incredible Dividend Stock Puts a Super-High Priority on Its Payout

APA Corporation

Oil May Explode Higher to $90 or More: 7 ‘Strong Buy' Dividend Leaders to Grab Before It's Too Late

Favorable oil price is backing higher production volumes in the United States. Companies that are well-poised to gain are Diamondback (FANG), Pioneer Natural (PXD) and Matador (MTDR).

Oil Price is Above $80: Keep an Eye on These 3 Explorers

Although the revenue and EPS for Diamondback (FANG) give a sense of how its business performed in the quarter ended June 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

News for Diamondback Energy Stock (FANG)