Diamondback Historical Income Statement
| FANG Stock | USD 158.34 0.31 0.20% |
Historical analysis of Diamondback Energy income statement accounts such as Total Revenue of 8.8 B or Gross Profit of 5.1 B can show how well Diamondback Energy performed in making a profits. Evaluating Diamondback Energy income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Diamondback Energy's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining Diamondback Energy latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Diamondback Energy is a good buy for the upcoming year.
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About Diamondback Income Statement Analysis
Diamondback Energy Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Diamondback Energy shareholders. The income statement also shows Diamondback investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).
Diamondback Energy Income Statement Chart
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Total Revenue
Total revenue comprises all receipts Diamondback Energy generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.Gross Profit
Gross profit is a required income statement account that reflects total revenue of Diamondback Energy minus its cost of goods sold. It is profit before Diamondback Energy operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Diamondback Energy. It is also known as Diamondback Energy overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.Cost Of Revenue
Cost of Revenue is found on Diamondback Energy income statement and represents the costs associated with goods and services Diamondback Energy provides. Indirect cost, such as salaries, is not included. In other words, cost of revenue is the total cost incurred to obtain a sale. It is more than the traditional cost of goods sold, since it includes specific selling and marketing activities.Most accounts from Diamondback Energy's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Diamondback Energy current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Diamondback Energy. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. For more detail on how to invest in Diamondback Stock please use our How to Invest in Diamondback Energy guide.At this time, Diamondback Energy's Total Revenue is most likely to increase significantly in the upcoming years. The Diamondback Energy's current Gross Profit is estimated to increase to about 5.1 B, while Non Operating Income Net Other is forecasted to increase to (524.1 M).
| 2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 199M | 159M | 177M | 185.9M | Depreciation And Amortization | 1.3B | 1.3B | 1.7B | 1.8B |
Diamondback Energy income statement Correlations
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Diamondback Energy Account Relationship Matchups
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Diamondback Energy income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Depreciation And Amortization | 1.4B | 1.3B | 1.3B | 1.3B | 1.7B | 1.8B | |
| Interest Expense | 172M | 197M | 199M | 159M | 177M | 185.9M | |
| Total Revenue | 4.0B | 2.8B | 6.8B | 9.6B | 8.4B | 8.8B | |
| Gross Profit | 1.6B | 644M | 4.2B | 6.8B | 4.9B | 5.1B | |
| Other Operating Expenses | 2.5B | 2.3B | 2.7B | 3.1B | 3.8B | 4.0B | |
| Operating Income | 2.4B | 547M | 4.0B | 6.5B | 4.6B | 4.8B | |
| Ebit | 2.4B | (5.6B) | 3.1B | 6.0B | 4.4B | 4.6B | |
| Ebitda | 3.9B | (4.3B) | 4.4B | 7.3B | 6.2B | 6.5B | |
| Cost Of Revenue | 2.4B | 2.2B | 2.6B | 2.9B | 3.5B | 3.7B | |
| Total Operating Expenses | 115M | 99M | 152M | 256M | 290M | 304.5M | |
| Income Before Tax | 362M | (5.8B) | 2.9B | 5.7B | 4.2B | 4.5B | |
| Total Other Income Expense Net | (2.1B) | (300M) | (1.1B) | (772M) | (322M) | (338.1M) | |
| Net Income | 240M | (4.7B) | 2.2B | 4.4B | 3.1B | 3.3B | |
| Income Tax Expense | 47M | (1.1B) | 631M | 1.2B | 912M | 957.6M | |
| Selling General Administrative | 104M | 88M | 146M | 144M | 150M | 157.5M | |
| Net Income Applicable To Common Shares | 240M | (4.5B) | 2.2B | 4.4B | 5.0B | 5.3B | |
| Net Income From Continuing Ops | 315M | (4.7B) | 2.3B | 4.6B | 3.3B | 3.5B | |
| Non Operating Income Net Other | (333M) | (103M) | (895M) | (613M) | (551.7M) | (524.1M) | |
| Minority Interest | 75M | (155M) | (94M) | (176M) | (193M) | (183.4M) | |
| Tax Provision | 47M | (1.1B) | 631M | 1.2B | 912M | 957.6M | |
| Interest Income | 13.5M | 275M | 4M | 1M | 2M | 1.9M | |
| Net Interest Income | (172M) | (197M) | (199M) | (159M) | (175M) | (183.8M) | |
| Reconciled Depreciation | 1.4B | 1.3B | 1.3B | 1.3B | 1.7B | 1.3B |
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When determining whether Diamondback Energy is a strong investment it is important to analyze Diamondback Energy's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Diamondback Energy's future performance. For an informed investment choice regarding Diamondback Stock, refer to the following important reports:Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Diamondback Energy. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. For more detail on how to invest in Diamondback Stock please use our How to Invest in Diamondback Energy guide.You can also try the Piotroski F Score module to get Piotroski F Score based on the binary analysis strategy of nine different fundamentals.
Is Oil & Gas Exploration & Production space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Diamondback Energy. If investors know Diamondback will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Diamondback Energy listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.37) | Dividend Share 8.29 | Earnings Share 17.32 | Revenue Per Share 49.46 | Quarterly Revenue Growth 0.087 |
The market value of Diamondback Energy is measured differently than its book value, which is the value of Diamondback that is recorded on the company's balance sheet. Investors also form their own opinion of Diamondback Energy's value that differs from its market value or its book value, called intrinsic value, which is Diamondback Energy's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Diamondback Energy's market value can be influenced by many factors that don't directly affect Diamondback Energy's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Diamondback Energy's value and its price as these two are different measures arrived at by different means. Investors typically determine if Diamondback Energy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Diamondback Energy's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.