FANG Q1 2024 Earnings — Diamondback Energy, Inc. Revenue & Financial Results | Market Cap Arena

FANGDiamondback Energy, Inc.

$52B

Q1 2024 Earnings

Energy Oil & Gas Exploration & Production

Income Statement

Revenue

$2.2B+15.2% YoY

Gross Profit

$1.2B53.4% margin

Operating Income

$1.1B50.4% margin

Net Income

$768M34.6% 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

$2.2B100%