FANG Q1 2023 Earnings — Diamondback Energy, Inc. Revenue & Financial Results | Market Cap Arena

FANGDiamondback Energy, Inc.

$52B

Q1 2023 Earnings

Energy Oil & Gas Exploration & Production

Income Statement

Revenue

$1.9B-20.1% YoY

Gross Profit

$1.1B57.7% margin

Operating Income

$1.0B53.2% margin

Net Income

$712M37.0% margin

EPS (Diluted)

$3.89

QoQ Revenue Growth

-5.2%

Cash Flow

Operating Cash Flow

$1.4B

Free Cash Flow

-$112M

Stock-Based Comp.

$11M

Balance Sheet

Total Assets

$27.6B

Total Liabilities

$11.5B

Stockholders' Equity

$15.5B

Cash & Equivalents

$46M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$1.9B	$2.4B	-20.1%
Gross Profit	$1.1B	$1.7B	-35.7%
Operating Income	$1.0B	$1.7B	-38.3%
Net Income	$712M	$779M	-8.6%

Revenue Segments

Upstream Services Segment

$1.9B100%