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

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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

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Year over year growth in Revenue and Operating Expenses.

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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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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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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.

Chevron

Exxon Mobil

Improving Permian production amid healthy oil prices raises the incentive to keep an eye on companies like ExxonMobil (XOM), Chevron (CVX) and Diamondback Energy (FANG).

3 Permian Stocks to Keep on Your Radar on Strong Oil Prices

EOG Resources

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EOG, FANG, XOM and MTDR, with their vast resources and strategic positioning, are poised to leverage the Permian's output for substantial returns.

4 Oil Companies Capitalizing on Booming Permian Production

MIDLAND, Texas, June 24, 2024 (GLOBE NEWSWIRE) -- Diamondback Energy, Inc. (NASDAQ: FANG) (“Diamondback”), today announced that it plans to release second quarter 2024 financial results on August 5, 2024 after the market closes.

Diamondback Energy, Inc. Schedules Second Quarter 2024 Conference Call for August 6, 2024

The Zacks Style Scores offers investors a way to easily find top-rated stocks based on their investing style. Here's why you should take advantage.

Here's Why Diamondback Energy (FANG) is a Strong Momentum Stock

Diamondback Energy (FANG) concluded the recent trading session at $187.56, signifying a +0.85% move from its prior day's close.

Why Diamondback Energy (FANG) Outpaced the Stock Market Today

Broadcom

Costco

Analysts love certain stocks. Driven by strong financial results and other catalysts, analysts favor certain stocks and continuously raise their ratings and price targets on the company's shares.

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Dick's Sporting Goods

Verizon

Dividends are in high demand among investors, and companies are responding. Tech giant Meta Platforms (NASDAQ: META ) declared its first dividend earlier this year.

The 3 Top-Performing Dividend Stocks So Far in June 2024

Kraft Heinz

PayPal

After last year's monstrous 53% gains the Nasdaq 100 is at it again in 2024. Year-to-date (YTD) the popular index is up another 13%.

The 3 Most Undervalued Nasdaq 100 Stocks to Buy: Summer 2024

Diamondback's (FANG) joint venture, Deep Blue Midland Basin's new acquisition underscores its commitment to sustainable water management practices in the Midland Basin.

Diamondback (FANG) JV Acquires New Water Infrastructure Assets

Delta Air Lines

JD.com

Going for sizable returns always carries a not-insignificant magnitude for risk, which means that undervalued large-cap stocks could be the ideal solution. For one thing, companies that command robust capitalization metrics tend to be that way due to business predictability.

The 3 Most Undervalued Large-Cap Stocks to Buy in June 2024

Abbott Labs

Deere & Company

Medtronic

Old Dominion Freight Line

Recent data indicates a heightened risk of stagflation, with slowing economic growth and persistent inflation. This poses challenges for the economy and portfolios, but also presents opportunities to buy beaten-down stocks with strong pricing power and growth potential. My focus remains on resilient dividend growth stocks and sectors like energy and healthcare, which are well-positioned for these conditions.

The 2 Most Important Charts I Want (Dividend) Investors To See

In the most recent trading session, Diamondback Energy (FANG) closed at $189.22, indicating a -0.78% shift from the previous trading day.

Diamondback Energy (FANG) Stock Slides as Market Rises: Facts to Know Before You Trade

Strategic Acquisition Expands Deep Blue's Footprint in the Midland Basin MIDLAND, Texas , June 3, 2024 /PRNewswire/ -- Deep Blue Midland Basin LLC ("Deep Blue" or the "Company"), a joint venture between Diamondback Energy (NASDAQ: FANG) and Five Point Energy LLC ("Five Point"), announced today it has acquired Lagoon Operating – Midland, LLC ("Lagoon"). This strategic acquisition further solidifies Deep Blue's position as a key player in sustainable water management in the core of the Midland Basin.

DEEP BLUE MIDLAND BASIN LLC ACQUIRES LAGOON OPERATING - MIDLAND, LLC

Franco-Nevada C

Texas Pacific Land Trust

Viper Energy Partners LP

S&P 500 profit margins are at the highest level in 16 years. Yet, there is a massive difference across sectors when it comes to profitability. Texas Pacific Land, Viper Energy, and Franco-Nevada are highlighted as companies with above-average margins and superior business models.

High-Margin Players - I'm Buying Royalties!

Diamondback (FANG) announces the sale of WTG Midstream Holdings to Energy Transfer (ET) for debt reduction and financial stability. The deal includes cash and ET common units.

Diamondback (FANG) Declares Strategic Sale of WTG Midstream

It would be wise for investors to monitor three prominent energy companies operating in the Permian, like ExxonMobil (XOM), Chevron (CVX) and Diamondback (FANG).

Permian Break-Even Costs Low: 3 Energy Stocks to Gain

MIDLAND, Texas, May 28, 2024 (GLOBE NEWSWIRE) -- Diamondback Energy, Inc. (NASDAQ: FANG) (“Diamondback”) today announced the sale of WTG Midstream Holdings LLC to Energy Transfer LP (NYSE: ET) (“ET”) resulting in total pre-tax consideration net to Diamondback of approximately $375 million, subject to customary closing conditions and adjustments. Consideration for the transaction will consist of a mix of cash and ET common units. The transaction is expected to close in the third quarter of 2024.

Diamondback Energy, Inc. Announces Sale of WTG Midstream

Diamondback (FANG) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.

Investors Heavily Search Diamondback Energy, Inc. (FANG): Here is What You Need to Know

3 Permian Explorers Poised to Gain as Oil Prices Stay High

APA Corporation

SM Energy

Following a careful analysis of the Zacks Oil and Gas - Exploration and Production - United States industry, we advise focusing on companies like FANG, APA, MTDR and SM.

How Should You Play the U.S. Upstream Oil & Gas Industry?

Devon Energy

Vitesse Energy Inc

Devon Energy is improving production and buying back stock to boost long-term cash flow per share. Vitesse Energy is acquiring assets and maintaining a very high dividend.

These 3 High-Yield Dividend Stocks Are Gushing Cash

ConocoPhillips

Upstream players like EOG, COP and FANG are embracing the strategy of production expansion to benefit from potentially profitable crude prices.

3 Energy Stocks to Watch on a Potential Oil Volume Surge in '24

Diamondback Energy's stock has been performing well, remaining near its high and almost doubling its 52-week low.

Diamondback Energy: More Room To Run

Hess

Occidental Petroleum

ExxonMobil (NYSE: XOM ) recently completed its $60 billion acquisition of Pioneer Natural Resources. The deal expands the oil and gas giant's presence in the oil-rich Permian basin.

Merger Mayhem: FTC's Oil Sector Crackdown Puts These 3 Pending Deals at Risk

Diamondback Energy is a low-cost energy producer with proven production advantages, prime Permian Basin acreage, and a strategic, flexible leadership. Diamondback maximizes its Permian assets while expanding acreage via mergers and acquisition activities. Diamondback has a strong financial position, generates substantial free cash flow and is shareholder-friendly.

News for Diamondback Energy Stock (FANG)