Diamondback Energy, Inc. financial data

Symbol
FANG on Nasdaq
Industry
Crude Petroleum & Natural Gas
Location
500 West Texas, Suite 1200, Midland, TX
State of incorporation
DE
Fiscal year end
December 31
Latest financial report
10-Q - Q2 2024 - Aug 7, 2024

Key Ratios

Label TTM Value / Value Unit Change %
Current Ratio 157 % +157%
Quick Ratio 2.88 % -18.2%
Debt-to-equity 76.4 % +7.26%
Return On Equity 19.6 % -11.3%
Return On Assets 11.4 % -12.3%
Operating Margin 51.9 % -11.8%

Shares

Label TTM Value / Value Unit Change %
Entity Common Stock, Shares Outstanding 178M shares -0.24%
Common Stock, Shares, Outstanding 178M shares -0.46%
Entity Public Float 23.4B USD +10.4%
Weighted Average Number of Shares Outstanding, Basic 178M shares -1.12%
Weighted Average Number of Shares Outstanding, Diluted 178M shares -1.12%

Income Statement

Label TTM Value / Value Unit Change %
Revenues 9.28B USD +11.6%
Revenue from Contract with Customer, Excluding Assessed Tax 8.22B USD -9.13%
Costs and Expenses 4.46B USD +30.5%
Operating Income (Loss) 4.82B USD -1.55%
Nonoperating Income (Expense) -97M USD +71.6%
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest 4.72B USD +3.71%
Income Tax Expense (Benefit) 1.02B USD +9.97%
Net Income (Loss) Attributable to Parent 3.48B USD +0.61%
Earnings Per Share, Basic 19.4 USD/shares +0.47%
Earnings Per Share, Diluted 19.4 USD/shares +0.47%

Balance Sheet

Label TTM Value / Value Unit Change %
Cash and Cash Equivalents, at Carrying Value 6.91B USD +38278%
Accounts Receivable, after Allowance for Credit Loss, Current 711M USD +30.7%
Inventory, Net 55M USD -16.7%
Assets, Current 7.83B USD +752%
Deferred Income Tax Assets, Net 32M USD -46.7%
Property, Plant and Equipment, Net 27.1B USD +7.77%
Other Assets, Noncurrent 42M USD -14.3%
Assets 35.6B USD +22.9%
Contract with Customer, Liability, Current 782M USD +7.27%
Liabilities, Current 2.14B USD +0.66%
Deferred Income Tax Liabilities, Net 2.55B USD +14.2%
Other Liabilities, Noncurrent 10M USD -33.3%
Liabilities 17.1B USD +50.4%
Accumulated Other Comprehensive Income (Loss), Net of Tax -8M USD -14.3%
Retained Earnings (Accumulated Deficit) 3.19B USD +132%
Stockholders' Equity Attributable to Parent 17.4B USD +12.2%
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest 18.5B USD +14.3%
Liabilities and Equity 35.6B USD +29.2%

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 -0.46%
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 6.91B USD +32810%
Deferred Tax Assets, Valuation Allowance 233M USD +4.48%
Deferred Tax Assets, Gross 456M USD -20.8%
Deferred Income Tax Expense (Benefit) 52M USD -46.4%
Deferred Tax Assets, Operating Loss Carryforwards 236M USD -41.9%
Unrecognized Tax Benefits 0 USD -100%
Depreciation, Depletion and Amortization 1.86B USD +21.3%
Deferred Tax Assets, Net of Valuation Allowance 223M USD -36.8%