Diamondback Energy, Inc.(FANG) Stock Research - Grey Stern Research
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Diamondback Energy, Inc. (FANG) Stock Analysis

$181.88 (0.16%)

FANG Financial Performance


Use the table below to view Diamondback Energy, Inc.'s financial profile. This data is gathers from the latest available financial statements. Annual data is taken from the trailing 12 months of statements. All numbers are reported in US Dollars and so any foreign currencies are converted to USD so comparison's can be done.

Based on Financial Statements from Q2 - 2024

Metric Value Ranking among Peers
Price $181.88 -
52 Week Low $145.70 -
52 Week High $214.50 -
Market Cap $53.6 Billion 4/13
Gross Margin 49% 6/13
Profit Margin 34% 1/13
EBITDA margin 66% 2/13
Q2 - 2024 Revenue $2.5 Billion 8/13
Q2 - 2024 Earnings $837.0 Million 6/13
Q2 - 2024 Free Cash Flow $689.0 Million 5/13
Trailing 4 Quarters Revenue $9.3 Billion 7/13
Trailing 4 Quarters Earnings $3.5 Billion 5/13
Quarterly Earnings Growth 51% 3/13
Annual Earnings Growth 29% 4/13
Quarterly Revenue Growth 31% 3/13
Annual Revenue Growth 21% 3/13
Cash On Hand $6.9 Billion 1/13
Short Term Debt $0 12/13
Long Term Debt $12.0 Billion 3/13

Diamondback Energy, Inc. Financial Metrics


Financial metrics are a set of useful numbers that can give key performance indicators of a company. The various metrics can include information about profitability, growth, and debt load. When combined and use properly they can tell an analyst a compelling fact-based story of how the company is currently performing. To compare Diamondback Energy, Inc.'s metrics versus it's peers make sure to run our peer analysis tool.

Valuation Metrics

Metric Value Ranking among Peers
PE 15.40 4/13
PS 5.78 1/13
PB 2.89 2/13
PC 7.76 12/13
Liabilities to Equity 0.98 6/13
ROA 0.10 4/13
ROE 0.20 6/13
Current Ratio 2.08 7/13
Quick Ratio 0.40 1/13
Long Term Debt to Equity 0.69 4/13
Debt to Equity 0.69 4/13
Burn Rate -19.32 12/13
Cash to Cap 0.13 1/13
CCR 0.82 5/13
EV to EBITDA 35.73 3/13
EV to Revenue 6.33 1/13

Company Details

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.

CEO: Mr. Travis Stice

Website: https://www.diamondbackenergy.com

Address: 500 WEST TEXAS, SUITE 1200 Midland, TEXAS

Exchange: NASDAQ Global Select

Industry: Oil & Gas E&P

Diamondback Energy, Inc. Peer Analysis


A useful and more reliable way of seeing the health of a company is to compare it to other companies operating in the same sector. Below is our list of companies which we rank are the closest peers to Diamondback Energy, Inc.. If you feel that peers should be added or removed from this list please contact us. To run an in-depth peer analysis which compares many financial metrics click on the link below.

Stock Ticker Market Cap
Devon Energy Corporation DVN $24.3 Billion
ConocoPhillips COP $128.4 Billion
APA Corporation APA $8.1 Billion
EOG Resources, Inc. EOG $76.3 Billion
Hess Corporation HES $43.8 Billion
Occidental Petroleum Corporation OXY $45.8 Billion
Antero Resources Corporation AR $9.1 Billion
Pioneer Natural Resources Company PXD $63.0 Billion
Callon Petroleum Company CPE $2.4 Billion
EQT Corporation EQT $24.6 Billion
Earthstone Energy, Inc. ESTE $3.0 Billion
Coterra Energy Inc. CTRA $18.1 Billion
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Income Statement
Balance Sheet
Cash Flow Statement
FANG Income Statements
Quarter Year Revenue Earnings
Q2 2024 $ 2.5 Billion $837.0 Million
Q1 2024 $ 2.2 Billion $768.0 Million
Q4 2023 $ 2.2 Billion $960.0 Million
Q3 2023 $ 2.3 Billion $915.0 Million
Q2 2023 $ 1.9 Billion $556.0 Million
Q1 2023 $ 1.9 Billion $712.0 Million
Q4 2022 $ 2.0 Billion $1.0 Billion
Q3 2022 $ 2.4 Billion $1.2 Billion

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FANG Balance Sheets
Quarter Year Cash & Equivalents Total Assets Total Debt Total Equity
Q2 2024 $6.9 Billion $35.6 Billion $12.0 Billion $18.5 Billion
Q1 2024 $899.0 Million $29.7 Billion $6.6 Billion $18.0 Billion
Q4 2023 $582.0 Million $29.0 Billion $6.8 Billion $17.4 Billion
Q3 2023 $827.0 Million $28.0 Billion $6.2 Billion $17.0 Billion
Q2 2023 $18.0 Million $27.6 Billion $6.5 Billion $15.6 Billion
Q1 2023 $46.0 Million $27.6 Billion $7.0 Billion $15.5 Billion
Q4 2022 $157.0 Million $26.2 Billion $6.2 Billion $15.0 Billion
Q3 2022 $27.0 Million $23.8 Billion $5.4 Billion $14.6 Billion

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FANG Cash Flow Statements
Quarter Year freeCashFlow capitalExpenditure netChangeInCash
Q2 2024 $689.0 Million -$840.0 Million $6.0 Billion
Q1 2024 $725.0 Million -$609.0 Million $314.0 Million
Q4 2023 $155.0 Million -$1.5 Billion -$245.0 Million
Q3 2023 $713.0 Million -$645.0 Million $809.0 Million
Q2 2023 $657.0 Million -$856.0 Million -$32.0 Million
Q1 2023 -$112.0 Million -$1.5 Billion -$111.0 Million
Q4 2022 -$39.0 Million -$1.5 Billion $130.0 Million
Q3 2022 $1.5 Billion -$464.0 Million -$25.0 Million

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