Below are the financial statements of Diamondback Energy, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.
| All figures in millions of USD | 2024 as of 2024-12-31 | 2023 as of 2023-12-31 |
|---|---|---|
| Assets | — | — |
| Current assets | — | — |
| Cash and cash equivalents | 161a | 582a |
| Restricted cash | 3a | 3a |
| Accounts receivable | — | — |
| Joint interest and other, net | 198a | 192a |
| Oil and natural gas sales, net | 1,387a | 654a |
| Inventories | 116a | 63a |
| Derivative instruments | 168a | 17a |
| Prepaid expenses and other current assets | 77a | 110a |
| Total current assets | 2,110a | 1,621a |
| Property and equipment | — | — |
| Oil and natural gas properties, full cost method of accounting | 82,240a | 42,430a |
| Other property, equipment and land | 1,440a | 673a |
| Accumulated depletion, depreciation, amortization and impairment | -19,208a | -16,429a |
| Property and equipment, net | 64,472a | 26,674a |
| Funds held in escrow | 1a | 0a |
| Equity method investments | 375a | 529a |
| Derivative instruments | 2a | 1a |
| Deferred income taxes, net | 173a | 45a |
| Other assets | 159a | 131a |
| Total assets | 67,292a | 29,001a |
| Liabilities and stockholders’ equity | — | — |
| Current liabilities | — | — |
| Accounts payable - trade | 253a | 261a |
| Accrued capital expenditures | 690a | 493a |
| Current maturities of debt | 900a | 0a |
| Other accrued liabilities | 1,020a | 475a |
| Revenues and royalties payable | 1,491a | 764a |
| Derivative instruments | 43a | 86a |
| Income taxes payable | 414a | 29a |
| Total current liabilities | 4,811a | 2,108a |
| Long-term debt | 12,075a | 6,641a |
| Derivative instruments | 106a | 122a |
| Asset retirement obligations | 573a | 239a |
| Deferred income taxes | 9,826a | 2,449a |
| Other long-term liabilities | 39a | 12a |
| Total liabilities | 27,430a | 11,571a |
| Stockholders’ equity | — | — |
| Common stock | 3a | 2a |
| Additional paid-in capital | 33,501a | 14,142a |
| Retained earnings (accumulated deficit) | 4,238a | 2,489a |
| Accumulated other comprehensive income (loss) | -6a | -8a |
| Total Diamondback Energy, Inc. stockholders’ equity | 37,736a | 16,625a |
| Non-controlling interest | 2,126a | 805a |
| Total equity | 39,862a | 17,430a |
| Total liabilities and stockholders' equity | 67,292a | 29,001a |
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