FANG Q4 2023 Earnings — Diamondback Energy, Inc. Revenue & Financial Results | Market Cap Arena

FANGDiamondback Energy, Inc.

$52B

Q4 2023 Earnings

Energy Oil & Gas Exploration & Production

Income Statement

Revenue

$2.2B+9.2% YoY

Gross Profit

$1.2B56.2% margin

Operating Income

$1.2B54.4% margin

Net Income

$960M43.3% margin

EPS (Diluted)

$5.34

QoQ Revenue Growth

-5.3%

Cash Flow

Operating Cash Flow

$1.6B

Free Cash Flow

$155M

Stock-Based Comp.

$14M

Balance Sheet

Total Assets

$29.0B

Total Liabilities

$11.6B

Stockholders' Equity

$16.6B

Cash & Equivalents

$582M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$2.2B	$2.0B	+9.2%
Gross Profit	$1.2B	$1.3B	-4.9%
Operating Income	$1.2B	$1.3B	-4.1%
Net Income	$960M	$1.0B	-4.7%

Revenue Segments

Upstream Services Segment

$2.2B100%