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

Date	Revenue	Change
2023-12-31	$8.34B	-13.52%
2022-12-31	$9.64B	41.87%
2021-12-31	$6.80B	141.63%
2020-12-31	$2.81B	-29.04%
2019-12-31	$3.96B	82.93%
2018-12-31	$2.17B	79.81%
2017-12-31	$1.21B	128.63%
2016-12-31	$527.11M	17.99%
2015-12-31	$446.73M	-9.88%
2014-12-31	$495.72M	138.32%
2013-12-31	$208.00M	177.48%
2012-12-31	$74.96M	54.02%
2011-12-31	$48.67M	78.59%
2010-12-31	$27.25M	114.32%
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

Date	Revenue	Change
2024-09-30	$2.65B	6.52%
2024-06-30	$2.48B	11.50%
2024-03-31	$2.23B	0.45%
2023-12-31	$2.22B	-5.26%
2023-09-30	$2.34B	23.42%
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	$2.77B	14.95%
2022-03-31	$2.41B	19.15%
2021-12-31	$2.02B	5.87%
2021-09-30	$1.91B	13.70%
2021-06-30	$1.68B	41.93%
2021-03-31	$1.18B	54.24%
2020-12-31	$767.00M	6.68%
2020-09-30	$719.00M	69.98%
2020-06-30	$423.00M	-52.84%
2020-03-31	$897.00M	-18.60%
2019-12-31	$1.10B	13.26%
2019-09-30	$973.00M	-4.42%
2019-06-30	$1.02B	18.10%
2019-03-31	$862.00M	36.70%
2018-12-31	$630.58M	17.72%
2018-09-30	$535.67M	2.26%
2018-06-30	$523.85M	9.56%
2018-03-31	$478.15M	19.78%
2017-12-31	$399.19M	32.51%
2017-09-30	$301.25M	11.81%
2017-06-30	$269.43M	14.54%
2017-03-31	$235.23M	27.14%
2016-12-31	$185.01M	30.17%
2016-09-30	$142.13M	26.36%
2016-06-30	$112.48M	28.58%
2016-03-31	$87.48M	-23.48%
2015-12-31	$114.32M	2.12%
2015-09-30	$111.95M	-5.98%
2015-06-30	$119.06M	17.42%
2015-03-31	$101.40M	-22.94%
2014-12-31	$131.58M	-5.42%
2014-09-30	$139.13M	9.55%
2014-06-30	$127.00M	29.59%
2014-03-31	$98.00M	29.11%
2013-12-31	$75.91M	31.35%
2013-09-30	$57.79M	27.31%
2013-06-30	$45.39M	57.02%
2013-03-31	$28.91M	8.66%
2012-12-31	$26.61M	60.30%
2012-09-30	$16.60M	3.54%
2012-06-30	$16.03M	0.16%
2012-03-31	$16.00M	12.94%
2011-12-31	$14.17M	29.17%
2011-09-30	$10.97M	-4.22%
2011-06-30	$11.45M	-5.13%
2011-03-31	$12.07M	45.28%
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/Service	Dec 23	Dec 22	Dec 21	Dec 20	Dec 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/Service	Sep 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19	Sep 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

Country	Dec 22	Dec 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

Ticker	Company	Last Year Revenue	Last Quarter Revenue
COP	ConocoPhillips	$82.16B	$13.60B
OXY	Occidental Petroleum	$28.26B	$7.17B
EOG	EOG Resources	$23.18B	$5.97B
DVN	Devon Energy	$15.26B	$3.84B
HES	Hess	$10.70B	$3.28B
FANG	Diamondback Energy	$8.34B	$2.65B
APA	APA	$8.28B	$2.53B
EQT	EQT	$7.53B	$3.65T
AR	Antero Resources	$4.68B	$1.06B
CTRA	Coterra Energy	$2.37B	$344.00M
VTLE	Vital 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.