Diamondback Energy, Inc. - Understand $fang stock

$FANG Market Cap: $49.93 Billion

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Financial Snapshot

Revenue

$9.583B

TTM

Gross Margin

72.29%

TTM

Net Earnings

$3.237B

TTM

Current Assets

$2.022B

Q3 2024

Current Liabilities

$4.463B

Q3 2024

Current Ratio

45.31%

Q3 2024

Total Assets

$65.75B

Q3 2024

Total Liabilities

$28.32B

Q3 2024

Book Value

$37.43B

Q3 2024

Cash

$370.0M

Q3 2024

P/E

15.42

Nov 29, 2024 EST

Free Cash Flow

-$5.701B

TTM

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008
Revenue	$8.412B	$9.643B	$6.797B	$2.813B	$3.964B	$2.176B	$1.205B	$527.1M	$446.7M	$495.7M	$208.0M	$74.96M	$49.37M	$27.25M	$12.70M	$18.20M
YoY Change	-12.77%	41.87%	141.63%	-29.04%	82.17%	80.58%	128.61%	17.99%	-9.88%	138.32%	177.48%	51.85%	81.14%	114.59%	-30.22%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008
Revenue	$8.412B	$9.643B	$6.797B	$2.813B	$3.964B	$2.176B	$1.205B	$527.1M	$446.7M	$495.7M	$208.0M	$74.96M	$49.37M	$27.25M	$12.70M	$18.20M
Cost Of Revenue	$1.795B	$1.521B	$1.291B	$865.0M	$917.0M	$435.6M	$223.3M	$128.5M	$121.7M	$91.30M	$35.00M	$20.90M	$14.90M	$6.900M	$3.100M	$4.400M
Gross Profit	$6.617B	$8.122B	$5.506B	$1.948B	$3.047B	$1.741B	$981.8M	$398.6M	$325.0M	$404.4M	$173.0M	$54.10M	$34.50M	$20.40M	$9.600M	$13.80M
Gross Profit Margin	78.66%	84.23%	81.01%	69.25%	76.87%	79.99%	81.48%	75.62%	72.75%	81.58%	83.17%	72.17%	69.89%	74.85%	75.59%	75.82%

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008
Selling, General & Admin	$150.0M	$144.0M	$146.0M	$88.00M	$104.0M	$65.00M	$48.00M	$42.62M	$31.97M	$21.27M	$9.870M	$9.178M	$495.0K	$380.0K	$5.100M	$5.500M
YoY Change	4.17%	-1.37%	65.91%	-15.38%	60.0%	35.42%	12.63%	33.32%	50.32%	115.46%	7.54%	1754.14%	30.26%	-92.55%	-7.27%
% of Gross Profit	2.27%	1.77%	2.65%	4.52%	3.41%	3.73%	4.89%	10.69%	9.84%	5.26%	5.71%	16.96%	1.43%	1.86%	53.13%	39.86%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$1.746B	$1.344B	$1.275B	$1.311B	$1.454B	$623.0M	$327.0M	$178.0M	$217.7M	$170.0M	$66.60M	$26.27M	$15.60M	$8.145M	$3.200M	$10.20M
YoY Change	29.91%	5.41%	-2.75%	-9.83%	133.39%	90.52%	83.69%	-18.23%	28.05%	155.27%	153.48%	68.41%	91.54%	154.53%	-68.63%
% of Gross Profit	26.39%	16.55%	23.16%	67.3%	47.72%	35.79%	33.31%	44.66%	66.98%	42.04%	38.5%	48.56%	45.22%	39.93%	33.33%	73.91%
Operating Expenses	$150.0M	$144.0M	$146.0M	$88.00M	$104.0M	$65.00M	$48.00M	$42.62M	$1.187B	$283.0M	$112.8M	$57.66M	$34.22M	$18.07M	$8.300M	$15.70M
YoY Change	4.17%	-1.37%	65.91%	-15.38%	60.0%	35.42%	12.63%	-96.41%	319.36%	150.91%	95.66%	68.49%	89.35%	117.73%	-47.13%
Operating Profit	$4.570B	$6.508B	$4.001B	-$5.476B	$695.0M	$1.011B	$605.0M	-$68.62M	-$740.3M	$212.7M	$95.19M	$17.31M	$15.15M	$9.181M	$1.300M	-$1.900M
YoY Change	-29.78%	62.66%	-173.06%	-887.91%	-31.26%	67.11%	-981.71%	-90.73%	-448.08%	123.41%	450.03%	14.26%	64.98%	606.23%	-168.42%

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008
Interest Expense	$175.0M	$159.0M	$199.0M	$197.0M	$172.0M	$87.00M	$41.00M	$41.07M	$41.51M	$34.52M	$8.059M	$3.610M	$2.528M	$836.0K	-$4.000M	-$8.900M
YoY Change	10.06%	-20.1%	1.02%	14.53%	97.7%	112.2%	-0.17%	-1.07%	20.28%	328.28%	123.24%	42.8%	202.39%	-120.9%	-55.06%
% of Operating Profit	3.83%	2.44%	4.97%		24.75%	8.61%	6.78%			16.23%	8.47%	20.86%	16.69%	9.11%	-307.69%
Other Income/Expense, Net	-$322.0M	-$772.0M	-$1.094B	-$300.0M	-$333.0M	$102.0M	-$108.0M	-$96.10M	-$8.831M	$92.29M	-$8.853M	$1.075M	-$15.53M	-$950.0K
YoY Change	-58.29%	-29.43%	264.67%	-9.91%	-426.47%	-194.44%	12.38%	988.2%	-109.57%	-1142.43%	-923.53%	-106.92%	1535.05%

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008
Pretax Income	$4.248B	$5.736B	$2.907B	-$5.776B	$362.0M	$1.113B	$497.0M	-$164.7M	-$749.1M	$305.0M	$86.34M	$18.38M	-$386.0K	$8.231M	-$2.700M	-$93.90M
YoY Change	-25.94%	97.32%	-150.33%	-1695.58%	-67.48%	123.94%	-401.73%	-78.01%	-345.64%	253.2%	369.7%	-4862.18%	-104.69%	-404.85%	-97.12%
Income Tax	$912.0M	$1.174B	$631.0M	-$1.104B	$47.00M	$168.0M	-$20.00M	$192.0K	-$201.3M	$109.0M	$31.75M	$54.90M	$0.00	$0.00	$0.00	$0.00
% Of Pretax Income	21.47%	20.47%	21.71%		12.98%	15.09%	-4.02%			35.74%	36.78%	298.68%		0.0%
Net Earnings	$3.143B	$4.386B	$2.182B	-$4.517B	$240.0M	$846.0M	$482.0M	-$165.0M	-$550.6M	$193.8M	$54.59M	-$36.52M	-$386.0K	$8.231M	-$2.700M	-$93.90M
YoY Change	-28.34%	101.01%	-148.31%	-1982.08%	-71.63%	75.52%	-392.06%	-70.03%	-384.19%	254.95%	-249.47%	9361.4%	-104.69%	-404.85%	-97.12%
Net Earnings / Revenue	37.36%	45.48%	32.1%	-160.58%	6.05%	38.88%	40.0%	-31.31%	-123.26%	39.09%	26.24%	-48.72%	-0.78%	30.2%	-21.26%	-515.93%
Basic Earnings Per Share	$17.34	$24.61	$12.35	-$28.59	$1.47	$8.09	$4.95	-$2.20	-$8.74	$3.67	$1.30
Diluted Earnings Per Share	$17.34	$24.61	$12.30	-$28.59	$1.47	$8.06	$4.94	-$2.20	-$8.74	$3.64	$1.29	-$1.040M	-$11.40K	$233.6K	-$76.92K	-$2.675M

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009
Cash & Short-Term Investments	$582.0M	$157.0M	$654.0M	$104.0M	$123.0M	$215.0M	$112.0M	$1.667B	$20.00M	$30.00M	$16.00M	$26.00M	$7.000M	$4.000M	$2.000M
YoY Change	270.7%	-75.99%	528.85%	-15.45%	-42.79%	91.96%	-93.28%	8235.0%	-33.33%	87.5%	-38.46%	271.43%	75.0%	100.0%
Cash & Equivalents	$582.0M	$157.0M	$654.0M	$104.0M	$123.0M	$215.0M	$112.0M	$1.667B	$20.00M	$30.00M	$16.00M	$26.00M	$7.000M	$4.000M	$2.000M
Short-Term Investments
Other Short-Term Assets	$129.0M	$162.0M	$59.00M	$28.00M	$94.00M	$281.0M	$6.000M	$4.000M	$8.000M	$121.0M	$1.000M	$3.000M	$0.00	$0.00	$0.00
YoY Change	-20.37%	174.58%	110.71%	-70.21%	-66.55%	4583.33%	50.0%	-50.0%	-93.39%	12000.0%	-66.67%
Inventory	$63.00M	$67.00M	$62.00M	$33.00M	$37.00M	$38.00M	$9.000M	$2.000M	$2.000M	$3.000M	$6.000M	$6.000M	$6.000M	$8.000M	$0.00
Prepaid Expenses
Receivables	$846.0M	$722.0M	$670.0M	$337.0M	$615.0M	$392.0M	$232.0M	$120.0M	$79.00M	$98.00M	$39.00M	$15.00M	$18.00M	$12.00M	$2.000M
Other Receivables	$1.000M	$284.0M	$1.000M	$100.0M	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Total Short-Term Assets	$1.621B	$1.392B	$1.446B	$602.0M	$869.0M	$925.0M	$359.0M	$1.792B	$109.0M	$252.0M	$62.00M	$50.00M	$31.00M	$25.00M	$5.000M
YoY Change	16.45%	-3.73%	140.2%	-30.72%	-6.05%	157.66%	-79.97%	1544.04%	-56.75%	306.45%	24.0%	61.29%	24.0%	400.0%
Property, Plant & Equipment	$26.76B	$23.85B	$20.71B	$16.32B	$21.96B	$20.49B	$7.344B	$3.391B	$2.598B	$2.792B	$1.446B	$554.0M	$221.0M	$147.0M	$95.00M
YoY Change	12.22%	15.15%	26.92%	-25.7%	7.18%	178.98%	116.57%	30.52%	-6.95%	93.08%	161.01%	150.68%	50.34%	54.74%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$529.0M	$566.0M	$613.0M	$533.0M	$479.0M							$0.00	$10.00M
YoY Change	-6.54%	-7.67%	15.01%	11.27%								-100.0%
Other Assets	$93.00M	$406.0M	$132.0M	$169.0M	$224.0M	$183.0M	$69.00M	$167.0M	$44.00M	$52.00M	$13.00M	$2.000M	$1.000M	$1.000M	$0.00
YoY Change	-77.09%	207.58%	-21.89%	-24.55%	22.4%	165.22%	-58.68%	279.55%	-15.38%	300.0%	550.0%	100.0%	0.0%
Total Long-Term Assets	$27.38B	$24.82B	$21.45B	$17.02B	$22.66B	$20.67B	$7.412B	$3.558B	$2.642B	$2.843B	$1.460B	$557.0M	$233.0M	$148.0M	$95.00M
YoY Change	10.33%	15.69%	26.06%	-24.91%	9.63%	178.89%	108.32%	34.67%	-7.07%	94.73%	162.12%	139.06%	57.43%	55.79%
Total Assets	$29.00B	$26.21B	$22.90B	$17.62B	$23.53B	$21.60B	$7.771B	$5.350B	$2.751B	$3.095B	$1.522B	$607.0M	$264.0M	$173.0M	$100.0M
YoY Change
Accounts Payable	$261.0M	$127.0M	$36.00M	$71.00M	$179.0M	$128.0M	$95.00M	$48.00M	$20.00M	$26.00M	$3.000M	$31.00M	$12.00M	$13.00M	$4.000M
YoY Change	105.51%	252.78%	-49.3%	-60.34%	39.84%	34.74%	97.92%	140.0%	-23.08%	766.67%	-90.32%	158.33%	-7.69%	225.0%
Accrued Expenses	$914.0M	$839.0M	$659.0M	$443.0M	$697.0M	$630.0M	$260.0M	$82.00M	$104.0M	$160.0M	$89.00M	$40.00M	$19.00M	$6.000M	$3.000M
YoY Change	8.94%	27.31%	48.76%	-36.44%	10.63%	142.31%	217.07%	-21.15%	-35.0%	79.78%	122.5%	110.53%	216.67%	100.0%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$8.000M
YoY Change														-100.0%
Long-Term Debt Due	$0.00	$10.00M	$45.00M	$191.0M
YoY Change	-100.0%	-77.78%	-76.44%
Total Short-Term Liabilities	$2.108B	$1.716B	$1.438B	$1.236B	$1.263B	$1.020B	$577.0M	$209.0M	$141.0M	$267.0M	$121.0M	$79.00M	$42.00M	$20.00M	$14.00M
YoY Change	22.84%	19.33%	16.34%	-2.14%	23.82%	76.78%	176.08%	48.23%	-47.19%	120.66%	53.16%	88.1%	110.0%	42.86%
Long-Term Debt	$6.641B	$6.238B	$6.642B	$5.624B	$5.371B	$4.464B	$1.477B	$1.106B	$488.0M	$674.0M	$460.0M	$0.00	$85.00M	$45.00M	$0.00
YoY Change	6.46%	-6.08%	18.1%	4.71%	20.32%	202.23%	33.54%	126.64%	-27.6%	46.52%		-100.0%	88.89%
Other Long-Term Liabilities	$373.0M	$496.0M	$235.0M	$172.0M	$105.0M	$161.0M	$26.00M	$16.00M	$13.00M	$8.000M	$3.000M	$3.000M	$7.000M	$2.000M	$2.000M
YoY Change	-24.8%	111.06%	36.63%	63.81%	-34.78%	519.23%	62.5%	23.08%	62.5%	166.67%	0.0%	-57.14%	250.0%	0.0%
Total Long-Term Liabilities	$7.014B	$6.734B	$6.877B	$5.796B	$5.476B	$4.625B	$1.503B	$1.122B	$501.0M	$682.0M	$463.0M	$3.000M	$92.00M	$47.00M	$2.000M
YoY Change	4.16%	-2.08%	18.65%	5.84%	18.4%	207.72%	33.96%	123.95%	-26.54%	47.3%	15333.33%	-96.74%	95.74%	2250.0%
Total Liabilities	$12.38B	$11.20B	$10.81B	$8.825B	$10.28B	$7.896B	$2.516B	$1.652B	$875.0M	$1.344B	$676.0M	$145.0M	$135.0M	$67.00M	$16.00M
YoY Change	10.5%	3.61%	22.49%	-14.17%	30.22%	213.83%	52.3%	88.8%	-34.9%	98.82%	366.21%	7.41%	101.49%	318.75%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013
Basic Shares Outstanding	180.0M shares	176.5M shares	176.6M shares	158.0M shares	163.5M shares	104.6M shares	97.46M shares	75.08M shares	63.02M shares	52.83M shares	42.02M shares
Diluted Shares Outstanding	180.0M shares	176.5M shares	177.4M shares	158.0M shares	163.8M shares	104.9M shares	97.69M shares	75.08M shares	63.02M shares	53.30M shares	42.26M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $49.927 Billion

About Diamondback Energy, Inc.

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. The company is headquartered in Midland, Texas and currently employs 1,023 full-time employees. The company went IPO on 2012-10-17. The firm's activities are primarily focused on horizontal development of the Spraberry and Wolfcamp formations of the Midland Basin and the Wolfcamp and Bone Spring formations of the Delaware Basin, both of which are part of the larger Permian Basin in West Texas and New Mexico. Its total acreage position in the Permian Basin includes approximately 607,877 gross (493,769 net) acres, which consists primarily of 428,324 gross (349,707 net) acres in the Midland Basin and 174,828 gross (143,742 net) acres in the Delaware Basin. The firm is also engaged in midstream gathering, compression, water handling, disposal and treatment operations. Its subsidiary Viper Energy, Inc., also owns mineral interests in the Permian Basin.

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