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

Revenue Segments

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

Gathering and transportation

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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

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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.

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Shares of Diamondback Energy Inc. FANG, -0.67% rose 0.7% in premarket trading Wednesday, after the oil and natural gas company announced an agreement to buy all leasehold interest and related assets of FireBird Energy LLC for about $1.59 billion in cash and stock. Under terms of the deal announced late Tuesday, Diamondback will exchange 5.86 million of its common stock, which closed Tuesday at $139.37, and $775 million in cash for the Midland Basin assets.

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MIDLAND, Texas, Oct. 11, 2022 (GLOBE NEWSWIRE) -- Diamondback Energy, Inc. (NASDAQ: FANG) (“Diamondback” or “the Company”) today announced that it has entered into a definitive purchase agreement to acquire all leasehold interest and related assets of FireBird Energy LLC (“FireBird”) in exchange for 5.86 million shares of Diamondback common stock and $775 million of cash. The cash portion of this transaction is expected to be funded through a combination of cash on hand, borrowings under the Company's credit facility and/or proceeds from a senior notes offering. The cash outlay at closing is expected to be approximately $700 million due to the expected Free Cash Flow to be generated on the asset between the effective date and expected closing date late in the fourth quarter of 2022.

Diamondback Energy, Inc. Announces Midland Basin Acquisition

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MIDLAND, Texas, Sept. 26, 2022 (GLOBE NEWSWIRE) -- Diamondback Energy, Inc. (NASDAQ: FANG) (“Diamondback” or “the Company”) today released its 2022 Corporate Sustainability Report. The online report outlines Diamondback's approach to sustainability, commitment to environmental responsibility, managing and reducing risks, governance and business ethics, and our commitment to our people and communities. The report highlights Diamondback's performance in these categories through December 31, 2021, discusses Diamondback's sustainability targets and 2022 initiatives and is available at www.diamondbackenergy.com/about/sustainability.

Diamondback Energy, Inc. Releases 2022 Corporate Sustainability Report

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News for Diamondback Energy Stock (FANG)