Revenue segments as reported by the company.

Oil, natural gas and natural gas liquid sales

Midstream services

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Sales of purchased oil

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

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

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Production and ad valorem taxes

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Impairment of oil and natural gas properties

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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

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

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Earnings data Q1 2024

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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.

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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.

MIDLAND, Tx., Feb. 26, 2021 (GLOBE NEWSWIRE) -- Diamondback Energy, Inc. (NASDAQ: FANG) (“Diamondback” or the “Company”) today announced that it has completed its previously announced acquisition of leasehold interests and related oil and gas assets from Guidon Operating LLC, a portfolio company of Blackstone Energy Partners. Aggregate consideration consisted of $375 million in cash and 10.68 million shares of the Company's common stock after accounting for post-effective date adjustments. As a result of the acquisition, Diamondback adds approximately 32,500 net acres in the Northern Midland Basin, primarily held by production allowing for capital efficient full field development.

Diamondback Energy, Inc. Announces Closing of Acquisition from Guidon Operating LLC

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 (FANG) Hits Fresh High: Is There Still Room to Run?

The recent rise in oil prices hasn't altered the oil producer's strategy.

This Oil Stock Plans to Stand Firm in 2021

Diamondback Energy, Inc. (FANG) CEO Travis Stice on Q4 2020 Results - Earnings Call Transcript

Diamondback (FANG) records $104 million in cash equivalents and long-term debt of $5.62 billion as of Dec 31, 2021.

Diamondback (FANG) Q4 Earnings Beat on Higher Production

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The oil market is likely going to become a big deal in 2021 because 2020 featured such brutal action, at one point taking the price of WTI Crude down to negative $40/barrel – an all-time low. That crash was precipitated by lockdowns associated with the COVID-19 pandemic health crisis, specifically in March thru May.

All Eyes on Oil Stocks as Shortage Fears Grow (NYSE: MTDR) (OTC US: AGYP) (NASDAQ: FANG)

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Shares of Diamondback Energy (NASDAQ:FANG) moved lower in after-market trading after the company reported Q4 results. Quarterly Results Earnings per share were down 57.51% over the past year to $0.82, which beat the estimate of $0.81.

Recap: Diamondback Energy Q4 Earnings

MIDLAND, Texas, Feb. 22, 2021 (GLOBE NEWSWIRE) -- Diamondback Energy, Inc. (NASDAQ: FANG) (“Diamondback” or the “Company”) today announced financial and operating results for the fourth quarter and full year ended December 31, 2020.

Diamondback Energy, Inc. Announces Fourth Quarter and Full Year 2020 Financial and Operating Results; Increases Dividend

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

Why Diamondback Energy (FANG) Might Surprise This Earnings Season

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Expected quarterly increase in output and average price realization of crude oil are likely to boost Diamondback's (FANG) overall results for the fourth quarter.

Is a Beat in Store for Diamondback (FANG) in Q4 Earnings?

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Five oil stocks with a favorable Zacks Rank are set to beat on earnings next week. These are: FANG, MTDR, MGY, PDCE and EOG.

Top 5 Oil Stocks Set to Beat on Q4 Earnings Next Week

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Five of the top six stocks on the S&P 500 on Monday were oil producers - Marathon Oil (MRO), Occidental Petroleum (OXY), Apache (APA), Diamondback Energy (FANG) and Hess (HES).

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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.

Earnings Estimates Moving Higher for Diamondback (FANG): Time to Buy?

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Despite outperforming the E&P sector from 2012 through 2017, Diamondback Energy Inc's (NASDAQ: FANG) relative performance has taken a significant hit since 2019 due to operational issues and investors favoring cash return business models, according to Scotiabank. The Diamondback Energy Analyst: Paul Cheng initiated coverage of Diamondback Energy with a Sector Outperform rating and a price target of $84.

Scotiabank Believes Diamondback Energy Is 'Well-Positioned To Return To E&P Glory'

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The latest Guidon and QEP additions continue a long history of acquisitions. Both deals have to be accretive because as the Energen combination showed, industry conditions can rapidly change.

News for Diamondback Energy Stock (FANG)