Revenue segments as reported by the company.

Oil, natural gas and natural gas liquid sales

Midstream services

Other operating income

Sales of purchased oil

Revenue Segments

Gross Profit, Operating Income, and Net Income as a percentage of Revenue

Operating Margin

Profit Margin

Margins

An operating expense is an expense a business incurs through its normal business operations. Often abbreviated as OPEX.

Lease operating expenses

Production and ad valorem taxes

Gathering and transportation

Midstream services expense

Depreciation, depletion, amortization and accretion

Impairment of oil and natural gas properties

General and administrative

Merger and integration expense

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Purchased oil expense

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Year over year growth in Revenue and Operating Expenses.

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Growth

Shares outstanding refer to a company's stock currently held by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company's officers and insiders.

Outstanding Shares

Market Cap

Also known as Price/Sales Ratio. Calculated using Average market cap for the quarter / Annualized quarterly revenue.

Revenue Multiple

Diamondback Energy

Diamondback Energy, Inc. is an independent oil and natural gas company, which engages in the acquisition, development, exploration and exploitation of unconventional, onshore oil and natural gas reserves. It operates through the Upstream and Midstream Services segments. The Upstream segment focuses on the Permian Basin operations in West Texas. The Midstream Services segment is involved in the Midland and Delaware Basins. The company was founded in December 2007 and is headquartered in Midland, TX.

Earnings data Q1 2021

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Diamondback Energy excels in Q4 2022, navigates challenges, eyes opportunities

Diamondback Energy's Q4 2022 performance was marked by robust financial results, strategic acquisitions, and operational optimizations. While facing inflationary pressures and market challenges, the company is focused on maintaining capital efficiency and hedging oil prices. Opportunities lie in asset optimization, e-fleet technology adoption, and potential M&A activities.

Diamondback Energy excels in operational efficiencies and strategic financial management

Diamondback Energy's Q1 2023 earnings call highlighted strong operational performance, cost efficiencies, and strategic capital allocation. The company's commitment to efficiency, hedging strategies, and focus on reducing debt showcase a resilient financial strategy amidst market challenges and opportunities.

Diamondback Energy excels in Q2 with focus on efficiency and growth

Diamondback Energy's Q2 earnings call highlighted strong performance, operational efficiencies, and strategic capital allocation. The company's focus on cost control, value creation, and disciplined M&A positions it well for future growth. Challenges in managing service costs, production dynamics, and technology optimization underscore the need for continued strategic focus.

Diamondback Energy prioritizes capital efficiency and shareholder returns in Q3

Diamondback Energy's Q3 call highlights a strategic focus on capital efficiency and shareholder returns. The company aims for modest growth through cost savings and consistent operational performance. Challenges include managing costs, activity levels, and addressing industry consolidation dynamics.

Diamondback Energy prioritizes capital efficiency and cost control post-merger

Diamondback Energy's Q4 2023 performance highlighted a focus on capital efficiency, cost control, and maintaining production levels amidst market challenges.
The company's strengths lie in size and scale benefits, strategic hedging, and plans for operational improvements post-merger.
Challenges include managing commodity price volatility, balancing debt reduction, and navigating market uncertainties.
Opportunities arise from asset sales, tax benefits, synergies with Endeavor, and future M&A activities for growth and efficiency.

Diamondback Energy focuses on efficiency and growth strategies in Q1 2024 earnings call

Diamondback Energy's Q1 2024 earnings call highlighted a proactive approach to addressing industry challenges while capitalizing on growth opportunities. The company's strategic initiatives, cost management efforts, and focus on operational efficiencies position them well for future success in a dynamic market environment.

Diamondback Energy excels in Q3, eyes cost efficiency and diversification

Diamondback Energy's Q3 2024 earnings call highlighted a strong performance with a focus on free cash flow generation and cost optimization.
The company's strategic initiatives to decrease breakeven per barrel, explore new revenue streams, and maintain shareholder returns demonstrate a proactive approach.
While facing challenges in a competitive landscape, Diamondback Energy's adaptability and commitment to shareholder value position them well for future growth.

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Cost of revenue

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SG&A

Other

Operating income

EBITDA

Net income

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Cash & equivalents

Receivables

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Non-current assets

Net PPE

Intangibles

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Current liabilities

Short term debt

Income tax payable

Non-current liabilities

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Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

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Purchase/sale of investments

Purchase/sale of business

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Change in stock

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Free cash flow

Diamondback Energy, Inc. is an independent oil and natural gas company, which engages in the acquisition, development, exploration, and exploitation of unconventional, onshore oil, and natural gas reserves. It operates through the Upstream and Midstream Services segments. The Upstream segment focuses on the Permian Basin operations in West Texas. The Midstream Services segment is involved in the Midland and Delaware Basins. The company was founded in December 2007 and is headquartered in Midland, TX.

Baker Hughes Co

Matador Resources

In its weekly release, Baker Hughes (BKR) reports that the total count of rigs in the United States decreased, reflecting a slowdown in drilling activities.

US Oil & Gas Drilling Rig Tally Falls: Here's What it Means

Cenovus Energy

Occidental Petroleum

The global oil and gas market is valued at $7.62 trillion and is projected to reach $9.34 trillion in 2028, representing a CAGR of 5.2%. Critical components of this rapid growth include modernization, urbanization and geopolitical tensions spiking oil prices.

3 Oil & Gas Stocks to Buy Now: Q2 Edition

ConocoPhillips

Devon Energy

Devon Energy pays an additional dividend that varies with its oil-fueled cash flows. Diamondback Energy will also pay an additional variable dividend.

3 Top Oil Stocks to Buy as Crude Prices Continue Rising

Chevron

Halliburton

Shell PLC

Schlumberger

Exxon Mobil

Energy stocks are again in fashion with investors. During the month of March, the energy sector was the strongest performer among the 11 stock market sectors.

Don't Miss Out: 7 Hot Energy Stocks You Need to Own Now

Diamondback (FANG) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.

Diamondback Energy, Inc. (FANG) is Attracting Investor Attention: Here is What You Should Know

GREENSBORO, N.C.--(BUSINESS WIRE)--Diamondback Investment Group (“Diamondback”), a North Carolina-based land acquisition and development company, today announced it has secured a $24 million construction loan to support the horizontal development of two master-planned single-family housing communities in Greensboro, North Carolina. The two communities, Gardenia Walk and Vandalia Crossing, total a combined 221 acres and 1,044 lots. Mavik Capital Management (“Mavik”), a multi-strategy investment.

Diamondback Investment Group Secures $24 Million Construction Loan for Two Single-Family Housing Community Projects in Greensboro, North Carolina

Exploration and production companies should thrive at current oil prices. A company's geographic exposure and M&A activity are key factors to consider.

Think Oil Is Going Higher? 3 Dividend Stocks to Buy Now

Prices for crude oil have risen to their highest level in five months amid growing concerns of tighter supplies fueled by OPEC+ production cuts and turmoil in the Middle East. The price of Brent crude oil, the international standard, is currently at $90.19 per barrel, having risen more than 5% since the start of April.

Wall Street Favorites: 3 Oil & Gas Stocks With Strong Buy Ratings for April 2024

MIDLAND, Texas, April 09, 2024 (GLOBE NEWSWIRE) -- Diamondback Energy, Inc. (NASDAQ: FANG) (“Diamondback”) announced today that it has priced an offering (the “Notes Offering”) of $850,000,000 in aggregate principal amount of 5.200% senior notes that will mature on April 18, 2027 (the “2027 Notes”), $850,000,000 in aggregate principal amount of 5.150% senior notes that will mature on January 30, 2030 (the “2030 Notes”), $1,300,000,000 in aggregate principal amount of 5.400% senior notes that will mature on April 18, 2034 (the “2034 Notes”), $1,500,000,000 in aggregate principal amount of 5.750% senior notes that will mature on April 18, 2054 (the “2054 Notes”) and $1,000,000,000 in aggregate principal amount of 5.900% senior notes that will mature on April 18, 2064 (the “2064 Notes” and, together with the 2027 Notes, the 2030 Notes, the 2034 Notes and the 2054 Notes, the “Notes”).

Diamondback Energy Prices Offering of Senior Notes

Diamondback (FANG) and Oklo Inc. sign a 20-year non-binding letter of intent for emission-free electricity in Texas Permian basin operations using fission reactors.

Diamondback (FANG) Signs 20-Year Deal for Fission Reactors

US Oil Drilling Rig Tally Rises, Natural Gas Count Declines

SANTA CLARA, Calif.--(BUSINESS WIRE)-- #advancedfission--Oklo Inc. (“Oklo”), a fast fission clean power technology and nuclear fuel recycling company, announces an agreement with Diamondback Energy Inc. (“Diamondback”) (NASDAQ: FANG), the largest independent producer headquartered in the shale-oil region to collaborate on a long-term Power Purchase Agreement (“PPA”). The LOI signed by Diamondback outlines its intent to enter into a 20-year PPA with Oklo. The proposed agreement focuses on engaging Oklo's Aurora po.

Oklo Signs LOI to Supply 50 Megawatts of Power to Diamondback Energy

Chevron is lagging because of worries about the Hess acquisition, which isn't likely to be a huge long-term problem. Devon Energy could send bigger dividends your way.

Oil Is Up, These 3 Energy Stocks Are Set to Reward Investors

Antero Resources

Viper Energy Partners LP

Healthy oil prices raise the incentive to keep tabs on upstream firms like Diamondback (FANG), Antero Resources (AR) and Viper Energy (VNOM).

3 Oil & Gas Stocks Poised to Continue Their Winning Streaks in 2024

Diamondback Energy (FANG) reachead $203.22 at the closing of the latest trading day, reflecting a +1.42% change compared to its last close.

Diamondback Energy (FANG) Exceeds Market Returns: Some Facts to Consider

Improving Permian production amid healthy oil prices raises the incentive to keep an eye on companies like ExxonMobil (XOM), Chevron (CVX) and Diamondback Energy (FANG).

3 Permian Stocks to Watch as Crude Oil Price is Above $80

DHT Holdings

VAALCO Energy

Gran Tierra Energy

Precision Drilling

Phillips 66

Southwestern Energy

As crude oil prices once again trend higher, you may be looking to increase your exposure to energy stocks. However, for the best energy stocks to buy in April, near-term price trends are not the only factor to consider.

The 7 Best Energy Stocks to Buy in April 2024

Diamondback Energy is undergoing a major transformation through its merger with Endeavor Energy, creating a more efficient and resilient company. The company is adjusting its shareholder distribution plans to prioritize debt reduction, but still offers a 1.8% dividend yield. With a focus on cost control, operational efficiency, and potential synergies, Diamondback Energy is well-positioned for long-term growth in the energy sector.

Diamondback Energy: The Perfect Oil Stock For A $90+ Oil World

The latest trading day saw Diamondback Energy (FANG) settling at $198.17, representing a +0.83% change from its previous close.

Diamondback Energy (FANG) Laps the Stock Market: Here's Why

In its weekly release, Baker Hughes (BKR) reports that its count of oil and gas rigs has decreased in three of the prior six weeks.

Permian Oil Rig Count Decreases in 3 of Prior 6 Weeks

MIDLAND, Texas, March 25, 2024 (GLOBE NEWSWIRE) -- Diamondback Energy, Inc. (NASDAQ: FANG) (“Diamondback”), today announced that it plans to release first quarter 2024 financial results on April 30, 2024 after the market closes.

Diamondback Energy, Inc. Schedules First Quarter 2024 Conference Call for May 1, 2024

EOG Resources

Surging energy demand is brightening the prospects for EOG Resources (EOG), Matador (MTDR) and Diamondback Energy (FANG).

3 Stocks Poised to Benefit From Growing Global Energy Demand

Diamondback (FANG) reported earnings 30 days ago. What's next for the stock?

Why Is Diamondback (FANG) Up 7.3% Since Last Earnings Report?

Diamondback Energy (FANG) concluded the recent trading session at $192.90, signifying a +0.15% move from its prior day's close.

Diamondback Energy (FANG) Advances But Underperforms Market: Key Facts

Kraft Heinz

Walgreens

Walgreens has a 4.8% yield and just cut its dividend, a worrying sign for income investors. Kraft Heinz has a 4.6% yield and appears to be on the cusp of a business turnaround.

News for Diamondback Energy Stock (FANG)