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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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

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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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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.

Oil stocks responded to rising oil prices Wednesday, as Israel and Iran broadened their conflict in the Middle East.

Oil Stocks Stir, Oil Prices Rise As Israel-Iran War Broadens

FANG increases its third-quarter production forecast to 565,000-569,000 barrels of oil equivalent per day and elevates CapEx to $675-$700 million.

Diamondback Boosts Q3 Production & CapEx Guidance After Acquisition

MIDLAND, Texas, Oct. 01, 2024 (GLOBE NEWSWIRE) -- Diamondback Energy, Inc. (NASDAQ: FANG) (“Diamondback” or the “Company”) today announced revised Q3 2024 production and capital guidance. This guidance has been updated to give effect to the Endeavor Energy Resources, L.P. (“Endeavor”) merger, which was completed on September 10, 2024.

Diamondback Energy, Inc. Announces Revised Third Quarter Production and Capital Guidance

Peabody Energy

Chord Energy Corp

ConocoPhillips

Devon Energy

Halliburton

Liberty Oilfield Services

Marathon Petroleum

Ovintiv

Permian Resources Corp

Schlumberger

SM Energy

Valero Energy

Favored names expected to continue gushing cash include Devon, Halliburton and Schlumberger.

14 energy stocks whose ample cash flow might benefit shareholders

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

Occidental Petroleum is a leader in the Permian. Diamondback Energy also has a strong position in the region.

Like Occidental Petroleum? You Should Check Out This Oil Stock.

Diamondback Energy (FANG) reachead $170.63 at the closing of the latest trading day, reflecting a +1.05% change compared to its last close.

Why the Market Dipped But Diamondback Energy (FANG) Gained Today

MIDLAND, Texas, Sept. 25, 2024 (GLOBE NEWSWIRE) -- Diamondback Energy, Inc. (NASDAQ: FANG) (“Diamondback”), today announced that it plans to release third quarter 2024 financial results on November 4, 2024 after the market closes.

Diamondback Energy, Inc. Schedules Third Quarter 2024 Conference Call for November 5, 2024

Kinetik Holdings

FANG and Kinetik Holdings' partnership with EPIC Midstream enhances crude oil transportation efficiency and financial stability from the Permian Basin.

Diamondback & Kinetik Secure 30% Interest in EPIC Crude Pipeline

Diamondback Energy's strong execution and Endeavor acquisition enhance its value, offering a unique investment opportunity with a 9% FCF yield and >5% dividend. The company's robust balance sheet, with $7 billion in cash and manageable $5.3 billion net debt, supports long-term financial stability. The acquisition of Endeavor Energy adds significant assets and synergies, boosting FCF per share by ~10% in 2025 and enhancing shareholder returns.

Diamondback Energy Remains A Strong FANG With Endeavor

Oil and gas firms Diamondback Energy and Kinetik Holdings on Tuesday said they acquired a 30% equity interest in the EPIC Crude pipeline system.

Diamondback and Kinetik buy 30% stake in EPIC Crude pipeline

HOUSTON--(BUSINESS WIRE)--Diamondback Energy, Inc. (NASDAQ: FANG) (“Diamondback”), Kinetik Holdings Inc. (NYSE: KNTK) (“Kinetik”) and EPIC Midstream Holdings LP (“EPIC Midstream”), today announced a series of transactions to support the continued growth and strengthened financial profile of EPIC Crude Holdings, LP (“EPIC Crude”), an affiliate of EPIC Midstream, including: Diamondback and Kinetik (together, the “Partners”) acquired a 30% equity interest in EPIC Crude. The Partners now each own 2.

Diamondback Energy, Kinetik Holdings and EPIC Midstream Announce Transformative Transactions for EPIC Crude

EOG Resources

It would be wise to focus on EOG & FANG stocks as the crude price is favorable despite BKR's weekly rig count report stating that the tally is declining.

US Rig Count Falls: Are FANG & EOG Stocks Still Worth Watching?

MIDLAND, Texas, Sept. 19, 2024 (GLOBE NEWSWIRE) -- Diamondback Energy, Inc. (NASDAQ: FANG) (“Diamondback”) announced today the upsize and pricing of an underwritten public offering of 12,770,000 shares of its common stock (the “Secondary Offering”) by certain Legacy Endeavor Stockholders (the “Selling Stockholders”). The gross proceeds from the sale of the shares by the Selling Stockholders will be approximately $2.2 billion. Diamondback will not receive any proceeds from the sale of the shares by the Selling Stockholders. The Secondary Offering is expected to close on September 23, 2024, subject to customary closing conditions.

Diamondback Energy Announces Pricing of Upsized Secondary Common Stock Offering

MIDLAND, Texas, Sept. 19, 2024 (GLOBE NEWSWIRE) -- Diamondback Energy, Inc. (NASDAQ: FANG) (“Diamondback”) announced today the launch of an underwritten public offering of 11,270,000 shares of its common stock by certain Legacy Endeavor Stockholders (the “Selling Stockholders”), subject to market and other conditions (the “Secondary Offering”). Diamondback will not receive any proceeds from the sale of the shares by the Selling Stockholders. The Selling Stockholders have also granted the underwriters a 30-day option to purchase up to an additional 1,390,500 shares of common stock.

Diamondback Energy Announces Launch of Secondary Common Stock Offering

Oklo Inc

FANG is shifting focus to natural gas-generated electricity for drilling, aiming to solve the sustainable power supply challenges in the Permian Basin.

Diamondback Explores Natural Gas for Power Generation in Oil Patch

The latest trading day saw Diamondback Energy (FANG) settling at $178.12, representing a -0.92% change from its previous close.

Diamondback Energy (FANG) Suffers a Larger Drop Than the General Market: Key Insights

Canadian Natural Resources

Chevron

Landbridge Co LLC

Occidental Petroleum

Texas Pacific Land Trust

Viper Energy Partners LP

Energy Select Sector SPDR Fund

Exxon Mobil

U.S. oil production has surged since 2008, making the country a top energy producer. Political shifts could affect future output, but growth is likely to slow. Producers now prioritize profitability over expansion, reducing CapEx and focusing on free cash flow, making supply growth slower but more sustainable. Energy stocks are undervalued with strong dividend yields. Despite weak oil prices, the long-term fundamentals of these companies remain very attractive.

Why Energy Stocks Are The Ultimate Undervalued Dividend Play Right Now

Antero Midstream Partners

Amphenol

Brookfield Infrastructure Partners L.P.

Brookfield Infrastructure

Johnson & Johnson

Kinder Morgan

Realty Income Corp

Vici Properties

Williams

The ultra-wealthy invest in assets like stocks, real estate, and businesses. These strategies can provide insight into how everyday investors can build lasting wealth. In today's uncertain market, focusing on high-quality dividend stocks and underperforming sectors offers better risk/reward than sticking to overvalued tech stocks. By adapting the smart money's approach to infrastructure and dividend growth opportunities, investors can capture secular growth and benefit from resilient yields.

Millionaire Style: Smart Dividend Ideas For Big Returns

In the latest trading session, Diamondback Energy (FANG) closed at $168.50, marking a -1.74% move from the previous day.

Diamondback Energy (FANG) Stock Drops Despite Market Gains: Important Facts to Note

MIDLAND, Texas, Sept. 10, 2024 (GLOBE NEWSWIRE) -- Diamondback Energy, Inc. (NASDAQ: FANG) (“Diamondback”), today announced that it has closed its merger with Endeavor Energy Resources, L.P. (“Endeavor”).

Diamondback Energy, Inc. Closes Merger with Endeavor Energy Resources, L.P.

Matador Resources

It would be wise to focus on FANG & MTDR stocks as the crude price is favorable, despite BKR's weekly rig count report stating that the tally is declining.

US Rig Count Falls: Should Investors Still Watch FANG & MTDR Stocks?

Arch Capital

Cigna

Everest Group Ltd

General Motors

McCormick

Molina Healthcare

Principal Financial Group

PulteGroup

Universal Health Services

A narrowly focused screen of value stocks highlights stocks trading cheaply to book value, sales and earnings, but which are also expected to increase sales per share rapidly

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

Why Is Diamondback (FANG) Down 1.2% Since Last Earnings Report?

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.

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

News for Diamondback Energy Stock (FANG)