Diamondback Energy, Inc.

FANG

NASDAQ

148.76

USD

-0.41(-0.27%)

As of today

Overview Financials Dividends Ratios Discussions Analysis

Diamondback Energy, Inc. fundamentals

Overview Income Statement Balance Sheet Cash Flow

Key ratios

P/E Ratio

10.78

Price/Book

1.11

Debt/Equity

38.92%

Return on Equity

10.06%

Dividend Yield

2.62%

EBITDA

7.64B

Diamondback Energy, Inc., an independent oil and natural gas company, focuses on the acquisition, development, exploration, and exploitation of unconventional and onshore oil and natural gas reserves in the Permian Basin in West Texas. It focuses on the development of the Spraberry and Wolfcamp formations of the Midland basin; and the Wolfcamp and Bone Spring formations of the Delaware basin, which are part of the Permian Basin in West Texas and New Mexico. As of December 31, 2021, the company's total acreage position was approximately 524,700 gross acres in the Permian Basin; and estimated proved oil and natural gas reserves were 1,788,991 thousand barrels of crude oil equivalent. It also held working interests in 5,289 gross producing wells, as well as royalty interests in 6,455 additional wells. In addition, the company owns mineral interests approximately 930,871 gross acres and 27,027 net royalty acres in the Permian Basin and Eagle Ford Shale; and owns, operates, develops, and acquires midstream infrastructure assets, including 866 miles of crude oil gathering pipelines, natural gas gathering pipelines, and an integrated water system in the Midland and Delaware Basins of the Permian Basin. Diamondback Energy, Inc. was founded in 2007 and is headquartered in Midland, Texas.

Statements Highlights

AnnualQuarterly

Period Ending	Dec 31, 2020	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024
Total Revenue	2,813,000,000	6,747,000,000	9,566,000,000	8,339,000,000	11,023,000,000
Gross Profit	637,000,000	4,270,000,000	6,701,000,000	4,798,000,000	4,972,000,000
Operating Income	-5,476,000,000	4,001,000,000	6,508,000,000	4,570,000,000	4,396,000,000
Net Income	-4,517,000,000	2,182,000,000	4,386,000,000	3,143,000,000	3,338,000,000
Total Assets	17,619,000,000	22,898,000,000	26,209,000,000	29,001,000,000	67,292,000,000
Total Current Liabilities	1,236,000,000	1,438,000,000	1,716,000,000	2,108,000,000	4,811,000,000
Total Equity	9,804,000,000	13,245,000,000	15,690,000,000	17,430,000,000	39,862,000,000
Free Cash Flow	74,000,000	1,670,000,000	2,820,000,000	1,206,000,000	3,546,000,000
Cash from Operations	2,118,000,000	3,944,000,000	6,325,000,000	5,920,000,000	6,413,000,000
Cash from Investing	-2,101,000,000	-1,539,000,000	-3,330,000,000	-3,323,000,000	-11,221,000,000
Cash from Financing	-37,000,000	-1,841,000,000	-3,503,000,000	-2,176,000,000	4,387,000,000
Net Change in Cash	-20,000,000	564,000,000	-508,000,000	421,000,000	-421,000,000