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

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

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.

APA Corporation

Matador Resources

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

EOG Resources

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

Chevron

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.

Diamondback Energy: Evolving Powerhouse In The Permian

Marathon Petroleum

Oil prices continue to be volatile and hard to predict, which is why finding undervalued energy stocks can be hard, too. After rising steadily for most of March and April, crude prices just suffered their biggest weekly decline in three months as tensions in the Middle East ratchet down and global demand softens.

The 3 Most Undervalued Energy Stocks to Buy in May 2024

For 2024, Diamondback Energy (FANG) continues to maintain a capital spending budget between $2.30 billion and $2.55 billion and looks to pump around 458,000-466,000 BOE/d of hydrocarbon.

Diamondback (FANG) Q1 Earnings Beat Estimates as Output Jumps

Here is how Diamondback Energy (FANG) and Archrock Inc. (AROC) have performed compared to their sector so far this year.

Is Diamondback Energy (FANG) Stock Outpacing Its Oils-Energy Peers This Year?

The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.

Diamondback (FANG) Is Considered a Good Investment by Brokers: Is That True?

The power of FANG stock, however, lies in its ability to hold a floor in price.

FANG Stock Today: If Diamondback Energy Settles Into A Trading Range, Consider This Iron Condor

Shell PLC

There are many worthwhile oil and gas stocks to buy currently available. Especially while the oil and gas sector enjoys several significant benefits.

Stock Market Crash Alert: 3 Must-Buy Oil & Gas Stocks When Prices Plunge

Start Time: 09:00 January 1, 0000 12:00 AM ET Diamondback Energy, Inc. (NASDAQ:FANG ) Q1 2024 Earnings Conference Call May 01, 2024, 09:00 AM ET Company Participants Travis Stice - Chairman and CEO Kaes Van't Hof - President and CFO Danny Wesson - EVP and COO Adam Lawlis - VP, IR Conference Call Participants Neil Mehta - Goldman Sachs Arun Jayaram - JPMorgan Securities LLC David Deckelbaum - TD Cowen Operator Good day, and thank you for standing by. Welcome to the Diamondback Energy First Quarter 2024 Earnings Conference Call.

Diamondback Energy, Inc. (FANG) Q1 2024 Earnings Call Transcript

Diamondback Energy reported better-than-expected first-quarter earnings and revenue late Tuesday. FANG shares angled lower after the market closed.

Diamondback Energy, Top Permian Basin Producer, Reports 16% Revenue Growth Amid 30% Run

Diamondback Energy beat first quarter profit estimates on Tuesday as the oil and gas firm benefited from higher oil production and better prices.

Diamondback Energy beats first quarter profit estimates on higher production

MIDLAND, Texas, April 30, 2024 (GLOBE NEWSWIRE) -- Diamondback Stockholders, This letter is meant to be a supplement to our earnings release and is being furnished to the Securities and Exchange Commission (SEC) and released to our stockholders simultaneously with our earnings release. Please see the information regarding forward-looking statements and non-GAAP financial information included at the end of this letter.

Letter to Stockholders Issued by Diamondback Energy, Inc.

MIDLAND, Texas, April 30, 2024 (GLOBE NEWSWIRE) -- Diamondback Energy, Inc. (NASDAQ: FANG) (“Diamondback” or the “Company”) today announced financial and operating results for the first quarter ended March 31, 2024.

Diamondback Energy, Inc. Announces First Quarter 2024 Financial and Operating Results

Advanced Micro Devices

LPL Financial Hlds

ONEOK

Republic Services

We have narrowed our search to five large-cap stocks that are set to beat on earnings today after the closing bell. These are: AMD, LPLA, RSG, OKE, FANG.

5 Winners of Q1 Set to Beat on Earnings After Closing Bell

Oil and gas firm Diamondback Energy said on Monday it had received a second request from the U.S. Federal Trade Commission (FTC) in connection with the $26 billion deal to buy privately-held Endeavor.

Diamondback Energy and Endeavor receive second FTC request over $26 bln deal

Diamondback Energy (FANG) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

Why Earnings Season Could Be Great for Diamondback Energy (FANG)

Cheniere Energy

The World Bank has warned that an escalation of tensions in the Middle East could push oil prices above $100 per barrel, reversing the recent downward trend in global inflation. The Bank stated that even before the recent missile strikes between Iran and Israel, the fall in commodity prices had been leveling off, making interest rate decisions more challenging for central banks.

The Top 7 Oil & Gas Stocks to Buy in April 2024

MIDLAND, Texas, April 26, 2024 (GLOBE NEWSWIRE) -- Diamondback Energy, Inc. (NASDAQ: FANG) (“Diamondback” or the “Company”) today announced that its stockholders have approved the issuance of shares of Diamondback common stock in connection with the proposed business combination with Endeavor Energy Resources, L.P. (“Endeavor”).

Diamondback Energy, Inc. Receives Stockholder Approval for Proposed Transaction with Endeavor Energy Resources, L.P.

Whether you're a value, growth, or momentum investor, finding strong stocks becomes easier with the Zacks Style Scores, a top feature of the Zacks Premium research service.

Why Diamondback Energy (FANG) is a Top Momentum Stock for the Long-Term

Considering the recent surge in oil prices, Diamondback Energy (FANG) is expecting improvement on its Q1 top and bottom lines compared to the year-ago period.

This is How to Play Diamondback (FANG) Ahead of Q1 Earnings

Diamondback (FANG) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

News for Diamondback Energy Stock (FANG)