FANG Q2 2024 Earnings — Diamondback Energy, Inc. Revenue & Financial Results | Market Cap Arena

FANGDiamondback Energy, Inc.

$52B

Q2 2024 Earnings

Energy Oil & Gas Exploration & Production

Income Statement

Revenue

$2.5B+28.9% YoY

Gross Profit

$1.2B49.0% margin

Operating Income

$1.2B46.7% margin

Net Income

$837M33.8% margin

EPS (Diluted)

$4.66

QoQ Revenue Growth

+11.5%

Cash Flow

Operating Cash Flow

$1.5B

Free Cash Flow

$842M

Stock-Based Comp.

$19M

Balance Sheet

Total Assets

$35.6B

Total Liabilities

$17.1B

Stockholders' Equity

$17.4B

Cash & Equivalents

$6.9B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$2.5B	$1.9B	+28.9%
Gross Profit	$1.2B	$1.1B	+13.3%
Operating Income	$1.2B	$1.0B	+15.6%
Net Income	$837M	$556M	+50.5%

Revenue Segments

Upstream Services Segment

$2.5B100%