Diamondback Energy, Inc. logo

Diamondback Energy, Inc. (FANG) Financials

NASDAQ NASDAQ:FANG

Market Cap

27.79B

Total Revenue

9.64B

Gross Profit

6.78B

Operating Income

6.51B

Net Income

4.39B

Metric2013201420152016201720182019202020212022
208,002,000495,718,000446,733,000527,107,0001,205,111,0002,166,954,0003,964,000,0002,813,000,0006,797,000,0009,643,000,000
101,571,000261,315,000339,403,000306,505,000550,031,0001,058,666,0002,364,000,0002,169,000,0002,566,000,0002,865,000,000
106,431,000234,403,000107,330,000220,602,000655,080,0001,108,288,0001,600,000,000644,000,0004,231,000,0006,778,000,000
--------------------
--------------------
11,036,00021,266,00031,968,00042,619,00048,669,00064,554,000104,000,00088,000,000146,000,000144,000,000
11,036,00021,266,00031,968,00042,619,00048,669,00064,554,000104,000,00088,000,000146,000,000144,000,000
11,237,00021,733,00032,801,00043,683,00050,060,00060,669,000115,000,00099,000,000152,000,000256,000,000
95,194,000212,670,000-740,269,000-68,617,000605,020,0001,010,788,0002,434,000,000547,000,0004,001,000,0006,508,000,000
-795,000126,800,000-782,119,000-300,951,000-67,277,000152,914,000-2,072,000,000-6,323,000,000-1,094,000,000-772,000,000
96,271,000211,931,00075,257,000179,983,000615,255,000983,701,0003,881,000,0001,851,000,0005,344,000,0007,861,000,000
66,597,000170,005,000217,697,000178,015,000326,759,000623,039,0001,447,000,0001,304,000,0001,343,000,0001,353,000,000
1,0001,000---40,684,000------4,000,0001,000,0001,000,000
8,058,00034,514,00041,510,00040,684,00040,554,00087,276,000172,000,000197,000,000199,000,000159,000,000
86,341,000304,956,000-749,100,000-164,716,000497,189,0001,113,257,000362,000,000-5,776,000,0002,907,000,0005,736,000,000
31,754,000108,985,000-201,310,000192,000-19,568,000168,362,00047,000,000-1,104,000,000631,000,0001,174,000,000
54,587,000193,755,000-550,628,000-165,034,000482,261,000845,672,000240,000,000-4,672,000,0002,182,000,0004,386,000,000
1.33.67-8.74-2.24.958.081.47-29.5712.2424.61
1.293.64-8.74-2.24.948.061.47-29.5712.2424.61
42,014,78352,826,00063,019,00075,077,00097,458,000104,622,000163,493,000157,976,000176,643,000176,539,000
42,255,01453,297,00063,019,00075,077,00097,688,000104,929,000163,843,000157,976,000176,643,000176,539,000
112,808,000283,048,000372,204,000350,188,000600,091,0001,119,335,0002,479,000,0002,268,000,0002,718,000,0003,121,000,000
1,077,000-739,000728,0003,064,00010,235,00088,996,00011,000,00011,000,0006,000,000112,000,000

Key Facts

Industry

Oil & Gas E&P

Sector

Energy

Headquarters

Midland, TX, US

CEO

Mr. Travis D. Stice

Employees

972

About the Company

Diamondback Energy, Inc., an independent oil and natural gas company, focuses on the acquisition, development, exploration, and exploitation of unconventional and onshore oil and natural gas reserves in the Permian Basin in West Texas. It focuses on the development of the Spraberry and Wolfcamp formations of the Midland basin; and the Wolfcamp and Bone Spring formations of the Delaware basin, which are part of the Permian Basin in West Texas and New Mexico. As of December 31, 2021, the company's total acreage position was approximately 524,700 gross acres in the Permian Basin; and estimated proved oil and natural gas reserves were 1,788,991 thousand barrels of crude oil equivalent. It also held working interests in 5,289 gross producing wells, as well as royalty interests in 6,455 additional wells. In addition, the company owns mineral interests approximately 930,871 gross acres and 27,027 net royalty acres in the Permian Basin and Eagle Ford Shale; and owns, operates, develops, and acquires midstream infrastructure assets, including 866 miles of crude oil gathering pipelines, natural gas gathering pipelines, and an integrated water system in the Midland and Delaware Basins of the Permian Basin. Diamondback Energy, Inc. was founded in 2007 and is headquartered in Midland, Texas.