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

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Operating Expenses

Year over year growth in Revenue and Operating Expenses.

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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 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.

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.

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Diamondback Energy is poised for growth, supported by its merger with Endeavor, which will enhance its position in the Permian Basin. The oil market remains range-bound, but geopolitical tensions and low US supply growth could drive prices higher, benefiting FANG's free cash flow. FANG's valuation is almost reasonable compared to peers, with potential upside from higher oil prices and increased production capacity post-merger.

Diamondback Energy: Increased Geopolitical Tensions Raise Free Cash Flow Outlook

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For 2024, Diamondback Energy (FANG) looks to pump around 462,000-470,000 BOE/d of hydrocarbon, compared to 458,000-466,000 BOE/d predicted before.

Diamondback (FANG) Beats on Q2 Earnings, Ups Production View

Diamondback Energy, Inc. (NASDAQ:FANG ) Q2 2024 Earnings Conference Call August 6, 2024 9:00 AM ET Company Participants Adam Lawlis - VP, IR Travis Stice - Chairman and CEO Kaes Van't Hof - President and CFO Danny Wesson - EVP and COO Conference Call Participants Neal Dingmann - Truist Securities Neil Mehta - Goldman Sachs Arun Jayaram - JPMorgan Securities David Deckelbaum - TD Cowen John Freeman - Raymond James Scott Hanold - RBC Capital Markets Bob Brackett - Bernstein Research Roger Read - Wells Fargo Securities Geoff Jay - Daniel Energy Partners Charles Meade - Johnson Rice Paul Cheng - Scotiabank Leo Mariani - ROTH Kalei Akamine - Bank of America Operator Good day and thank you for standing by. Welcome to the Diamondback Energy Second Quarter 2024 Earnings Conference Call.

Diamondback Energy, Inc. (FANG) Q2 2024 Earnings Call Transcript

Diamondback Energy keeps growing per share results with a superior acquisition program. Diamondback Energy reported a significant increase in per share earnings growth to $4.66 from $3.05, with income from operations improving by 15%. The Endeavor acquisition is expected to drive future growth.

Diamondback Energy Q2: Fantastic Growth Per Share Reported

Diamondback Energy (FANG) came out with quarterly earnings of $4.52 per share, beating the Zacks Consensus Estimate of $4.46 per share. This compares to earnings of $3.68 per share a year ago.

Diamondback Energy (FANG) Q2 Earnings and Revenues Surpass Estimates

MIDLAND, Texas, Aug. 05, 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, Aug. 05, 2024 (GLOBE NEWSWIRE) -- Diamondback Energy, Inc. (NASDAQ: FANG) (“Diamondback” or the “Company”) today announced financial and operating results for the second quarter ended June 30, 2024.

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

Strong production is likely to have supported the second-quarter earnings of Diamondback Energy (FANG), only to be pegged back by lower natural gas prices.

Diamondback's (FANG) Q2 Earnings Preview: Things to Consider

Diamondback (FANG) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Diamondback Energy (FANG) Earnings Expected to Grow: Should You Buy?

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Goldman Sachs expects peak oil demand to be another decade away. Diamondback Energy's strategic growth in the Permian Basin positions it as a top producer with significant growth opportunities. FANG's efficient operations, cost-saving measures, and attractive cash return strategy make it a compelling investment in the current oil price environment.

Looking For Energy Dividends? Don't Sleep On Diamondback Energy

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News for Diamondback Energy Stock (FANG)