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	2022
Revenues	—	—	—
Oil sales	9,067^a	7,279^a	7,660^a
Natural gas sales	89^a	262^a	858^a
Natural gas liquid sales	944^a	687^a	1,048^a
Sales of purchased oil	923^a	111^a	0^a
Other operating income	43^a	73^a	77^a
Total revenues	11,066^a	8,412^a	9,643^a
Costs and expenses	—	—	—
Lease operating expenses	-1,286^a	-872^a	-652^a
Production and ad valorem taxes	-638^a	-525^a	-611^a
Gathering, processing and transportation	-356^a	-287^a	-258^a
Purchased oil expense	-921^a	-111^a	0^a
Depreciation, depletion, amortization and accretion	-2,850^a	-1,746^a	-1,344^a
General and administrative expenses	-213^a	-150^a	-144^a
Merger and integration expenses	-303^a	-11^a	-14^a
Other operating expenses	-103^a	-140^a	-112^a
Total costs and expenses	-6,670^a	-3,842^a	-3,135^a
Income (loss) from operations	4,396^a	4,570^a	6,508^a
Other income (expense)	—	—	—
Interest expense, net	-135^a	-159^a	-154^a
Other income (expense), net	80^a	52^a	-10^a
Gain (loss) on derivative instruments, net	137^a	-259^a	-586^a
Gain (loss) on extinguishment of debt	2^a	-4^a	-99^a
Income (loss) from equity investments, net	21^a	48^a	77^a
Total other income (expense), net	105^a	-322^a	-772^a
Income (loss) before income taxes	4,501^a	4,248^a	5,736^a
Provision for (benefit from) income taxes	-800^a	-912^a	-1,174^a
Net income (loss)	3,701^a	3,336^a	4,562^a
Net income (loss) attributable to non-controlling interest	363^a	193^a	176^a
Net income (loss) attributable to Diamondback Energy, Inc.	3,338^a	3,143^a	4,386^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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