FANG Q3 2023 Earnings — Diamondback Energy, Inc. Revenue & Financial Results | Market Cap Arena

FANGDiamondback Energy, Inc.

$52B

Q3 2023 Earnings

Energy Oil & Gas Exploration & Production

Income Statement

Revenue

$2.3B-4.0% YoY

Gross Profit

$1.4B60.8% margin

Operating Income

$1.3B57.3% margin

Net Income

$915M39.1% margin

EPS (Diluted)

$5.07

QoQ Revenue Growth

+21.9%

Cash Flow

Operating Cash Flow

$1.4B

Free Cash Flow

$506M

Stock-Based Comp.

$13M

Balance Sheet

Total Assets

$28.0B

Total Liabilities

$11.1B

Stockholders' Equity

$16.3B

Cash & Equivalents

$827M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$2.3B	$2.4B	-4.0%
Gross Profit	$1.4B	$1.7B	-15.9%
Operating Income	$1.3B	$1.6B	-17.0%
Net Income	$915M	$1.2B	-22.7%

Revenue Segments

Upstream Services Segment

$2.3B100%