Diamondback Energy (FANG) Revenue & Revenue Breakdown
Diamondback Energy Revenue Highlights
Latest Revenue (Y)
$8.34B
Latest Revenue (Q)
$2.48B
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 |
|---|---|---|
| 2024-06-30 | $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 $2.48B in revenue during Q2 2024, up 11.50% compared to the previous quarter, and up 128.99% 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 | 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 | Jun 19 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Upstream Services Segment | $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 | $62.00M | - | - | - | - |
| 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 | $-9.00M | - | - | - | - |
| 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 | - | - | - | - | - | - | - |
| 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 | $16.00M |
| Oil and Gas, Exploration and Production | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $982.00M | $882.00M | $947.00M |
| Royalty | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $-70.00M |
Diamondback Energy's latest quarterly revenue breakdown by segment (product or service), as of Mar 24: Upstream Services Segment (51.35%), Oil Exploration and Production (43.23%), Natural Gas Liquids Production (4.26%), and Natural Gas, Production (1.16%).
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 | $14.14B |
| OXY | Occidental Petroleum | $28.26B | $5.97B |
| EOG | EOG Resources | $23.18B | $6.00B |
| DVN | Devon Energy | $15.26B | $3.74B |
| HES | Hess | $10.70B | $3.20B |
| FANG | Diamondback Energy | $8.34B | $2.48B |
| APA | APA | $8.28B | $2.54B |
| EQT | EQT | $7.53B | $891.18M |
| AR | Antero Resources | $4.68B | $978.65M |
| CTRA | Coterra Energy | $2.37B | $337.00M |
| VTLE | Vital Energy | $1.55B | $476.37M |
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 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). The company'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). FANG's quarterly revenue for Q4 2023 was $2.22B, a -5.26% decrease from the previous quarter (Q3 2023), and a 9.21% increase year-over-year (Q4 2022).
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.