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FANG Q1 2024 Earnings — Diamondback Energy, Inc. Revenue & Financial Results | Market Cap Arena
FANG
Diamondback Energy, Inc.
$52B
Q1 2024 Earnings
Energy
Oil & Gas Exploration & Production
Income Statement
Revenue
$2.2B
+15.2% YoY
Gross Profit
$1.2B
53.4% margin
Operating Income
$1.1B
50.4% margin
Net Income
$768M
34.6% margin
EPS (Diluted)
$4.28
QoQ Revenue Growth
+0.0%
Cash Flow
Operating Cash Flow
$1.3B
Free Cash Flow
$572M
Stock-Based Comp.
$14M
Balance Sheet
Total Assets
$29.7B
Total Liabilities
$11.7B
Stockholders' Equity
$16.9B
Cash & Equivalents
$899M
Year-over-Year Comparison
Metric
Current
Year Ago
Change
Revenue
$2.2B
$1.9B
+15.2%
Gross Profit
$1.2B
$1.1B
+6.6%
Operating Income
$1.1B
$1.0B
+9.1%
Net Income
$768M
$712M
+7.9%
Revenue Segments
Upstream Services Segment
$2.2B
100%
← FY 2024
All Quarters
Q2 2024 →