Diamondback Energy, Inc. financial data

Symbol
FANG on Nasdaq
Industry
Crude Petroleum & Natural Gas
Location
500 West Texas, Suite 1200, Midland, Texas
State of incorporation
Delaware
Fiscal year end
December 31
Latest financial report
Q1 2024 - May 2, 2024

Key Ratios

Label TTM Value / Value Unit Change %
Current Ratio 75.4 % +9.1%
Quick Ratio 3.02 % -19.7%
Debt-to-equity 69.8 % -0.19%
Return On Equity 18.6 % -34.4%
Return On Assets 11.2 % -34.5%
Operating Margin 53.5 % -16.5%

Shares

Label TTM Value / Value Unit Change %
Entity Common Stock, Shares Outstanding 178M shares -1.52%
Common Stock, Shares, Outstanding 178M shares -1.8%
Entity Public Float 23.4B USD +10.4%
Weighted Average Number of Shares Outstanding, Basic 178M shares -1.93%
Weighted Average Number of Shares Outstanding, Diluted 178M shares -1.93%

Income Statement

Label TTM Value / Value Unit Change %
Revenues 8.71B USD -4.87%
Revenue from Contract with Customer, Excluding Assessed Tax 8.22B USD -9.13%
Costs and Expenses 4.05B USD +23.2%
Operating Income (Loss) 4.66B USD -20.6%
Nonoperating Income (Expense) -336M USD -61.5%
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest 4.33B USD -23.6%
Income Tax Expense (Benefit) 928M USD -20%
Net Income (Loss) Attributable to Parent 3.2B USD -25.9%
Earnings Per Share, Basic 17.7 USD/shares -26.5%
Earnings Per Share, Diluted 17.7 USD/shares -26.5%

Balance Sheet

Label TTM Value / Value Unit Change %
Cash and Cash Equivalents, at Carrying Value 896M USD +1848%
Accounts Receivable, after Allowance for Credit Loss, Current 734M USD +21.1%
Inventory, Net 57M USD -17.4%
Assets, Current 1.95B USD +67.9%
Deferred Income Tax Assets, Net 61M USD -1.61%
Property, Plant and Equipment, Net 27B USD +5.92%
Other Assets, Noncurrent 38M USD -11.6%
Assets 29.7B USD +7.62%
Contract with Customer, Liability, Current 732M USD +2.24%
Liabilities, Current 2.12B USD +12.3%
Deferred Income Tax Liabilities, Net 2.5B USD +15.8%
Other Liabilities, Noncurrent 12M USD -7.69%
Liabilities 11.7B USD +1.79%
Accumulated Other Comprehensive Income (Loss), Net of Tax -8M USD -14.3%
Retained Earnings (Accumulated Deficit) 2.71B USD +180%
Stockholders' Equity Attributable to Parent 17B USD +9.61%
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest 18B USD +11.8%
Liabilities and Equity 29.7B USD +7.62%

Popular Metrics

Label TTM Value / Value Unit Change %
Net Cash Provided by (Used in) Operating Activities 1.33B USD -6.39%
Net Cash Provided by (Used in) Financing Activities -269M USD -4.67%
Net Cash Provided by (Used in) Investing Activities -751M USD +41.3%
Common Stock, Shares Authorized 400M shares 0%
Common Stock, Shares, Issued 178M shares -1.8%
Common Stock, Par or Stated Value Per Share 0.01 USD/shares 0%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect 314M USD
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 899M USD +1596%
Interest Paid, Excluding Capitalized Interest, Operating Activities 146M USD +8.15%
Deferred Tax Assets, Valuation Allowance 233M USD +4.48%
Deferred Tax Assets, Gross 456M USD -20.8%
Comprehensive Income (Loss), Net of Tax, Attributable to Parent 3.14B USD -28.2%
Deferred Income Tax Expense (Benefit) 52M USD -46.4%
Deferred Tax Assets, Operating Loss Carryforwards 236M USD -41.9%
Deferred Federal Income Tax Expense (Benefit) 370M USD -47.6%
Unrecognized Tax Benefits 0 USD -100%
Current State and Local Tax Expense (Benefit) 29M USD -12.1%
Depreciation, Depletion and Amortization 1.81B USD +26.4%
Deferred Tax Assets, Net of Valuation Allowance 223M USD -36.8%
Deferred State and Local Income Tax Expense (Benefit) 8M USD -42.9%
Interest Expense 175M USD +10.1%