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

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Earnings data Q1 2022

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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.

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Cost of revenue

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Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

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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

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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.

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

Why Is Diamondback (FANG) Up 11.7% Since Last Earnings Report?

Diamondback (FANG) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.

Diamondback Energy, Inc. (FANG) Soars to 52-Week High, Time to Cash Out?

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Diamondback Energy is one of the largest and most prolific independent operators in the resource-rich Permian Basin. The company boasts substantial reserves that position it quite well for long-term operations.

Diamondback Energy: Profiting Off High Oil Prices But Still Remarkably Undervalued

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Diamondback (FANG) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

Can Diamondback (FANG) Run Higher on Rising Earnings Estimates?

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Diamondback Energy (FANG) is a Top-Ranked Value Stock: Should You Buy?

The average of price targets set by Wall Street analysts indicates a potential upside of 31.3% in Diamondback (FANG). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.

How Much Upside is Left in Diamondback (FANG)? Wall Street Analysts Think 31%

The deal involves exchanging 0.113 of Diamondback Energy (FANG) share for each Rattler Midstream unit, which works out to a 17.3% premium over Rattler's May 13 closing price.

Diamondback (FANG) to Buy Rest of Rattler in All-Stock Deal

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Rattler Midstream Lp - Unit

Diamondback Energy, Inc. (NASDAQ: FANG) is buying Rattler Midstream LP (NASDAQ: RTLR)  in a deal valued at about $2.2 billion. These are the details.

Why Diamondback Energy (FANG) Is Buying Rattler Midstream (RTLR) In A Deal Valued At $2.2 Billion

NEW YORK , May 16, 2022 /PRNewswire/ -- Weiss Law is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Rattler Midstream LP ("Rattler" or the "Company") (NASDAQ: RTLR), in connection with the proposed merger of the Company with Diamondback Energy, Inc. ("Diamondback") (NASDAQ: FANG). Under the terms of the merger agreement, the Company's unitholders will receive 0.113 units of Diamondback for each unit of Rattler common unit owned, representing implied per-share merger consideration of approximately $15.08 based upon Diamondback's May 13, 2022 closing price of $133.43.

UNITHOLDER ALERT: Weiss Law Investigates Rattler Midstream LP

Rattler's stock surged in premarket trading Monday.

Diamondback Energy Agrees to Buy Rattler Midstream for $2.2 Billion

Rattler Midstream L.P. RTLR, +2.55% announced Monday a deal to be acquired by Diamondback Energy Inc. FANG, +5.03% in an all-stock deal that values Rattler at about $2.20 billion.

Diamondback Energy to buy Rattler Midstream in a stock deal valuing Rattler at about $2.2 billion

MIDLAND, Texas, May 16, 2022 (GLOBE NEWSWIRE) -- Diamondback Energy, Inc. (NASDAQ: FANG) (“Diamondback”) and Rattler Midstream LP (NASDAQ: RTLR) (“Rattler”) today announced that, on May 15, 2022, they entered into a definitive agreement for Diamondback to acquire all of the publicly held common units representing the limited partner interests in Rattler not already owned by Diamondback and its subsidiaries. The agreement provides for an all-stock transaction whereby each public unitholder of Rattler would receive 0.113 of a share of common stock in Diamondback in exchange for each Rattler common unit owned, an exchange ratio that implies a premium of 17.3% for Rattler common units based on the closing prices of Rattler's common units and Diamondback's common stock as of May 13, 2022, and a premium of 9.3% based on Rattler's and Diamondback's 30 day volume-weighted average trading price as of the same date.

Diamondback Energy, Inc. Announces Agreement to Acquire Publicly Held Units of Rattler Midstream LP

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.

Is Diamondback Energy (FANG) Stock Undervalued Right Now?

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Higher oil prices are giving it the cash to pay a massive dividend.

This Oil Stock Just Boosted Its Dividend Yield to a Jaw-Dropping 9.7%

Diamondback (FANG) Q1 earnings and revenues outperform the consensus mark. Diamondback hikes dividend.

Diamondback (FANG) Q1 Earnings & Revenues Beat, Dividend Up

Diamondback Energy, Inc. (NASDAQ:FANG ) Q1 2022 Earnings Conference Call May 3, 2022 9:00 AM ET Company Participants Adam Lawlis - Vice President-Investor Relations Travis Stice - Chairman and Chief Executive Officer Kaes Van't Hof - President and Chief Financial Officer Danny Wesson - Chief Operating Officer Conference Call Participants Neal Dingmann - Truist Securities Arun Jayaram - JPMorgan Nitin Kumar - Wells Fargo Scott Hanold - RBC Capital Markets David Deckelbaum - Cowen Derrick Whitfield - Stifel Scott Gruber - Citigroup Inc. Jeoffrey Lambujon - Tudor, Pickering, Holt & Co. Nicholas Pope - Seaport Research Partners Douglas Leggate - BofA Securities Leo Mariani - KeyBanc Capital Markets Paul Cheng - Scotiabank Operator Good day, and thank you for standing by. Welcome to the Diamondback Energy First Quarter Earnings Conference Call.

Diamondback Energy, Inc. (FANG) CEO Travis Stice on Q1 2022 Results - Earnings Call Transcript

Diamondback Energy Inc (NASDAQ: FANG) shares are trading higher by 5.62% at $134.66 after the company reported better-than-expected first-quarter EPS results and raised its quarterly dividend. Diamondback Energy reported quarterly earnings of $5.20 per share which beat the analyst.

Why Diamondback Energy Shares Are Rising

Diamondback (FANG) delivered earnings and revenue surprises of 9.70% and 25.04%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

Diamondback Energy (FANG) Q1 Earnings and Revenues Surpass Estimates

(Reuters) -U.S. shale producers Devon Energy, Diamondback Energy and Coterra Energy on Monday reported sharp increases in profit that beat Wall Street estimates, but held production plans steady as they stressed a focus on shareholder returns.

News for Diamondback Energy Stock (FANG)