Diamondback Energy (FANG) Revenue & Revenue Breakdown


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Diamondback Energy Revenue Highlights


Latest Revenue (Y)

$8.34B

Latest Revenue (Q)

$2.65B

Main Segment (Y)

Oil Exploration and Production

Main Geography (Y)

Other

Diamondback Energy Revenue by Period


Diamondback Energy Revenue by Year

DateRevenueChange
2023-12-31$8.34B-13.52%
2022-12-31$9.64B41.87%
2021-12-31$6.80B141.63%
2020-12-31$2.81B-29.04%
2019-12-31$3.96B82.93%
2018-12-31$2.17B79.81%
2017-12-31$1.21B128.63%
2016-12-31$527.11M17.99%
2015-12-31$446.73M-9.88%
2014-12-31$495.72M138.32%
2013-12-31$208.00M177.48%
2012-12-31$74.96M54.02%
2011-12-31$48.67M78.59%
2010-12-31$27.25M114.32%
2009-12-31$12.72M-

Diamondback Energy generated $8.34B in revenue during NA 2023, up -13.52% compared to the previous quarter, and up 384.83% compared to the same period a year ago.

Diamondback Energy Revenue by Quarter

DateRevenueChange
2024-09-30$2.65B6.52%
2024-06-30$2.48B11.50%
2024-03-31$2.23B0.45%
2023-12-31$2.22B-5.26%
2023-09-30$2.34B23.42%
2023-06-30$1.90B-1.51%
2023-03-31$1.93B-5.17%
2022-12-31$2.03B-16.70%
2022-09-30$2.44B-11.96%
2022-06-30$2.77B14.95%
2022-03-31$2.41B19.15%
2021-12-31$2.02B5.87%
2021-09-30$1.91B13.70%
2021-06-30$1.68B41.93%
2021-03-31$1.18B54.24%
2020-12-31$767.00M6.68%
2020-09-30$719.00M69.98%
2020-06-30$423.00M-52.84%
2020-03-31$897.00M-18.60%
2019-12-31$1.10B13.26%
2019-09-30$973.00M-4.42%
2019-06-30$1.02B18.10%
2019-03-31$862.00M36.70%
2018-12-31$630.58M17.72%
2018-09-30$535.67M2.26%
2018-06-30$523.85M9.56%
2018-03-31$478.15M19.78%
2017-12-31$399.19M32.51%
2017-09-30$301.25M11.81%
2017-06-30$269.43M14.54%
2017-03-31$235.23M27.14%
2016-12-31$185.01M30.17%
2016-09-30$142.13M26.36%
2016-06-30$112.48M28.58%
2016-03-31$87.48M-23.48%
2015-12-31$114.32M2.12%
2015-09-30$111.95M-5.98%
2015-06-30$119.06M17.42%
2015-03-31$101.40M-22.94%
2014-12-31$131.58M-5.42%
2014-09-30$139.13M9.55%
2014-06-30$127.00M29.59%
2014-03-31$98.00M29.11%
2013-12-31$75.91M31.35%
2013-09-30$57.79M27.31%
2013-06-30$45.39M57.02%
2013-03-31$28.91M8.66%
2012-12-31$26.61M60.30%
2012-09-30$16.60M3.54%
2012-06-30$16.03M0.16%
2012-03-31$16.00M12.94%
2011-12-31$14.17M29.17%
2011-09-30$10.97M-4.22%
2011-06-30$11.45M-5.13%
2011-03-31$12.07M45.28%
2010-12-31$8.31M-

Diamondback Energy generated $2.65B in revenue during Q3 2024, up 6.52% compared to the previous quarter, and up 139.50% compared to the same period a year ago.

Diamondback Energy Revenue Breakdown


Diamondback Energy Revenue Breakdown by Product

Annual Revenue by Product

Product/ServiceDec 23Dec 22Dec 21Dec 20Dec 19
Natural Gas Liquids Production$687.00M$1.05B$782.00M$239.00M$267.00M
Natural Gas, Production$262.00M$858.00M$569.00M$107.00M$66.00M
Oil Exploration and Production$7.28B$7.66B$5.40B$2.41B-
Natural Gas, Midstream--$45.00M$50.00M$64.00M
Oil and Gas, Exploration and Production----$3.55B

Diamondback Energy's latest annual revenue breakdown by segment (product or service), as of Dec 23: Oil Exploration and Production (88.47%), Natural Gas Liquids Production (8.35%), and Natural Gas, Production (3.18%).

Quarterly Revenue by Product

Product/ServiceSep 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
Upstream Services Segment$2.64B$2.22B------------------
Natural Gas Liquids Production-$184.00M$499.00M$188.00M$299.00M$289.00M$254.00M$239.00M$165.00M$124.00M$83.00M$65.00M$39.00M$52.00M$77.00M$58.00M----
Oil Exploration and Production-$1.87B$5.28B$2.00B$2.19B$1.95B$1.55B$1.51B$1.40B$944.00M$625.00M$606.00M$352.00M$827.00M------
Natural Gas, Production-$50.00M$182.00M$80.00M$264.00M$154.00M$206.00M$152.00M$107.00M$104.00M$46.00M$36.00M$21.00M$4.00M$30.00M$16.00M----
Oil Income----$1.71B$1.65B$1.67B$1.85B------------
Natural Gas Income----$48.00M$69.00M$144.00M$296.00M------------
Natural Gas Liquids Income----$140.00M$179.00M$192.00M$268.00M------------
Natural Gas, Midstream--------$14.00M$17.00M$10.00M$12.00M$12.00M$11.00M$13.00M$12.00M$11.00M$14.00M$13.00M$16.00M
Oil and Gas, Exploration and Production------------------$982.00M$882.00M

Diamondback Energy's latest quarterly revenue breakdown by segment (product or service), as of Sep 24: Upstream Services Segment (100.00%).

Diamondback Energy Revenue Breakdown by Country

Annual Revenue by Country

CountryDec 22Dec 21
Other$17.00M$265.00M

Diamondback Energy's latest annual revenue breakdown by geography, as of Dec 22: Other (100.00%).

Diamondback Energy Peer Comparison by Revenue


TickerCompanyLast Year RevenueLast Quarter Revenue
COPConocoPhillips$82.16B$13.60B
OXYOccidental Petroleum$28.26B$7.17B
EOGEOG Resources$23.18B$5.97B
DVNDevon Energy$15.26B$3.84B
HESHess$10.70B$3.28B
FANGDiamondback Energy$8.34B$2.65B
APAAPA$8.28B$2.53B
EQTEQT$7.53B$3.65T
ARAntero Resources$4.68B$1.06B
CTRACoterra Energy$2.37B$344.00M
VTLEVital Energy$1.55B$459.23M

FANG Revenue FAQ


What is Diamondback Energy’s yearly revenue?

Diamondback Energy's yearly revenue for 2023 was $8.34B, representing a decrease of -13.52% compared to 2022. The company's yearly revenue for 2022 was $9.64B, representing an increase of 41.87% compared to 2021. FANG's yearly revenue for 2021 was $6.8B, representing an increase of 141.63% compared to 2020.

What is Diamondback Energy’s quarterly revenue?

Diamondback Energy's quarterly revenue for Q3 2024 was $2.64B, a 6.52% increase from the previous quarter (Q2 2024), and a 13.03% increase year-over-year (Q3 2023). The company's quarterly revenue for Q2 2024 was $2.48B, a 11.50% increase from the previous quarter (Q1 2024), and a 30.96% increase year-over-year (Q2 2023). FANG's quarterly revenue for Q1 2024 was $2.23B, a 0.45% increase from the previous quarter (Q4 2023), and a 15.69% increase year-over-year (Q1 2023).

What is Diamondback Energy’s revenue growth rate?

Diamondback Energy's revenue growth rate for the last 3 years (2021-2023) was 22.69%, and for the last 5 years (2019-2023) was 110.37%.

What are Diamondback Energy’s revenue streams?

Diamondback Energy's revenue streams in c 23 are Natural Gas Liquids Production, Natural Gas, Production, and Oil Exploration and Production. Natural Gas Liquids Production generated $687M in revenue, accounting 8.35% of the company's total revenue, down -34.45% year-over-year. Natural Gas, Production generated $262M in revenue, accounting 3.18% of the company's total revenue, down -69.46% year-over-year. Oil Exploration and Production generated $7.28B in revenue, accounting 88.47% of the company's total revenue, down -4.97% year-over-year.

What is Diamondback Energy’s main source of revenue?

For the fiscal year ending Dec 23, the largest source of revenue of Diamondback Energy was Oil Exploration and Production. This segment made a revenue of $7.28B, representing 88.47% of the company's total revenue.