Diamondback Energy Inc

Common Name

Diamondback Energy

Country

United States

Sector

Energy

Industry

Oil & Gas E&P

Employees

1,983

Ticker

FANG

Exchange

NASDAQ/NGS

Website

ir.diamondbackenergy.com

Description

Diamondback Energy Inc. is an independent energy company primarily focused on the exploration, development, and production of oil and natural gas. Headquartered in Midland, Texas, the company’s core o... Show more

Financial Statements of Diamondback Energy

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.

Income Statement (as reported) Balance Sheet (as reported)

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

Verified Sources Behind Diamondback Energy’s Financial Fundamentals Data

Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform. Explore Diamondback Energy’s data sources below and access millions more through our Disclosure Search.

a. Diamondback Energy's 10-K 2024

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Diamondback Energy Inc

Financial Statements of Diamondback Energy

Verified Sources Behind Diamondback Energy’s Financial Fundamentals Data

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