FANG Q2 2023 Earnings — Diamondback Energy, Inc. Revenue & Financial Results | Market Cap Arena

FANGDiamondback Energy, Inc.

$52B

Q2 2023 Earnings

Energy Oil & Gas Exploration & Production

Income Statement

Revenue

$1.9B-30.7% YoY

Gross Profit

$1.1B55.8% margin

Operating Income

$1.0B52.1% margin

Net Income

$556M29.0% margin

EPS (Diluted)

$3.05

QoQ Revenue Growth

-0.3%

Cash Flow

Operating Cash Flow

$1.5B

Free Cash Flow

$657M

Stock-Based Comp.

$16M

Balance Sheet

Total Assets

$27.6B

Total Liabilities

$11.4B

Stockholders' Equity

$15.6B

Cash & Equivalents

$18M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$1.9B	$2.8B	-30.7%
Gross Profit	$1.1B	$2.0B	-47.5%
Operating Income	$1.0B	$2.0B	-49.4%
Net Income	$556M	$1.4B	-60.7%

Revenue Segments

Upstream Services Segment

$1.9B100%