FANG Q3 2024 Earnings — Diamondback Energy, Inc. Revenue & Financial Results | Market Cap Arena

FANGDiamondback Energy, Inc.

$52B

Q3 2024 Earnings

Energy Oil & Gas Exploration & Production

Income Statement

Revenue

$2.6B+12.6% YoY

Gross Profit

$1.0B39.8% margin

Operating Income

$710M26.9% margin

Net Income

$659M25.0% margin

EPS (Diluted)

$3.19

QoQ Revenue Growth

+6.6%

Cash Flow

Operating Cash Flow

$1.2B

Free Cash Flow

-$7.3B

Stock-Based Comp.

$16M

Balance Sheet

Total Assets

$65.7B

Total Liabilities

$26.9B

Stockholders' Equity

$37.4B

Cash & Equivalents

$370M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$2.6B	$2.3B	+12.6%
Gross Profit	$1.0B	$1.4B	-26.2%
Operating Income	$710M	$1.3B	-47.0%
Net Income	$659M	$915M	-28.0%

Revenue Segments

Upstream Services Segment

$2.6B100%