FANG Q1 2022 Earnings — Diamondback Energy, Inc. Revenue & Financial Results | Market Cap Arena

FANGDiamondback Energy, Inc.

$52B

Q1 2022 Earnings

Energy Oil & Gas Exploration & Production

Income Statement

Revenue

$2.4B+103.4% YoY

Gross Profit

$1.7B71.8% margin

Operating Income

$1.7B68.9% margin

Net Income

$779M32.4% margin

EPS (Diluted)

$4.36

QoQ Revenue Growth

+19.1%

Cash Flow

Operating Cash Flow

$1.3B

Free Cash Flow

$531M

Stock-Based Comp.

$15M

Balance Sheet

Total Assets

$23.3B

Total Liabilities

$9.5B

Stockholders' Equity

$12.7B

Cash & Equivalents

$149M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$2.4B	$1.2B	+103.4%
Gross Profit	$1.7B	$675M	+156.1%
Operating Income	$1.7B	$571M	+190.7%
Net Income	$779M	$220M	+254.1%

Revenue Segments

Upstream Services Segment

$2.4B100%