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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)

Upstream Services Segment

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
Upstream Services Segment$8.34B----
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: Upstream Services Segment (50.35%), Oil Exploration and Production (43.92%), Natural Gas Liquids Production (4.15%), and Natural Gas, Production (1.58%).

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 Liquids Income----$140.00M$179.00M$192.00M$268.00M------------
Natural Gas Income----$48.00M$69.00M$144.00M$296.00M------------
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
CTRACoterra Energy$5.68B$1.36B
ARAntero Resources$4.68B$1.06B
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, Upstream Services Segment, Natural Gas, Production, and Oil Exploration and Production. Natural Gas Liquids Production generated $687M in revenue, accounting 4.15% of the company's total revenue, down -34.45% year-over-year. Upstream Services Segment generated $8.34B in revenue, accounting 50.35% of the company's total revenue Natural Gas, Production generated $262M in revenue, accounting 1.58% of the company's total revenue, down -69.46% year-over-year. Oil Exploration and Production generated $7.28B in revenue, accounting 43.92% 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 Upstream Services Segment. This segment made a revenue of $8.34B, representing 50.35% of the company's total revenue.