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 | 2023 | 2022 |
|---|---|---|---|
| Revenues | — | — | — |
| Oil sales | 9,067a | 7,279a | 7,660a |
| Natural gas sales | 89a | 262a | 858a |
| Natural gas liquid sales | 944a | 687a | 1,048a |
| Sales of purchased oil | 923a | 111a | 0a |
| Other operating income | 43a | 73a | 77a |
| Total revenues | 11,066a | 8,412a | 9,643a |
| Costs and expenses | — | — | — |
| Lease operating expenses | -1,286a | -872a | -652a |
| Production and ad valorem taxes | -638a | -525a | -611a |
| Gathering, processing and transportation | -356a | -287a | -258a |
| Purchased oil expense | -921a | -111a | 0a |
| Depreciation, depletion, amortization and accretion | -2,850a | -1,746a | -1,344a |
| General and administrative expenses | -213a | -150a | -144a |
| Merger and integration expenses | -303a | -11a | -14a |
| Other operating expenses | -103a | -140a | -112a |
| Total costs and expenses | -6,670a | -3,842a | -3,135a |
| Income (loss) from operations | 4,396a | 4,570a | 6,508a |
| Other income (expense) | — | — | — |
| Interest expense, net | -135a | -159a | -154a |
| Other income (expense), net | 80a | 52a | -10a |
| Gain (loss) on derivative instruments, net | 137a | -259a | -586a |
| Gain (loss) on extinguishment of debt | 2a | -4a | -99a |
| Income (loss) from equity investments, net | 21a | 48a | 77a |
| Total other income (expense), net | 105a | -322a | -772a |
| Income (loss) before income taxes | 4,501a | 4,248a | 5,736a |
| Provision for (benefit from) income taxes | -800a | -912a | -1,174a |
| Net income (loss) | 3,701a | 3,336a | 4,562a |
| Net income (loss) attributable to non-controlling interest | 363a | 193a | 176a |
| Net income (loss) attributable to Diamondback Energy, Inc. | 3,338a | 3,143a | 4,386a |
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