FANG Q2 2022 Earnings — Diamondback Energy, Inc. Revenue & Financial Results | Market Cap Arena

FANGDiamondback Energy, Inc.

$52B

Q2 2022 Earnings

Energy Oil & Gas Exploration & Production

Income Statement

Revenue

$2.8B+64.7% YoY

Gross Profit

$2.0B73.7% margin

Operating Income

$2.0B71.5% margin

Net Income

$1.4B51.2% margin

EPS (Diluted)

$7.92

QoQ Revenue Growth

+15.0%

Cash Flow

Operating Cash Flow

$1.7B

Free Cash Flow

$1.2B

Stock-Based Comp.

$13M

Balance Sheet

Total Assets

$23.4B

Total Liabilities

$9.1B

Stockholders' Equity

$13.3B

Cash & Equivalents

$43M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$2.8B	$1.7B	+64.7%
Gross Profit	$2.0B	$999M	+104.2%
Operating Income	$2.0B	$955M	+107.1%
Net Income	$1.4B	$311M	+355.3%

Revenue Segments

Upstream Services Segment

$2.8B100%