Stock Analysis on Net
Stock Analysis on Net

Diamondback Energy Inc. (NASDAQ:FANG)

This company has been moved to the archive! The financial data has not been updated since November 8, 2022.

Common-Size Income Statement 
Quarterly Data

Diamondback Energy Inc., common-size consolidated income statement (quarterly data)

Microsoft Excel
3 months ended: Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017
Oil sales 76.67 79.54 81.46 77.13 79.39 83.68 80.55 82.89 85.71 85.44 93.66 90.17 92.26 94.70 88.24 87.64 86.26 89.42 89.83 87.83 86.57 88.95 89.06
Natural gas sales 12.25 9.59 6.45 10.24 8.01 6.42 8.87 6.10 5.09 5.10 0.45 2.75 1.67 -0.90 3.44 3.30 2.81 2.21 3.08 3.79 4.99 4.75 4.27
Natural gas liquid sales 11.09 10.86 12.10 12.63 12.60 9.90 10.58 11.01 9.19 9.47 5.89 7.07 6.07 6.20 8.31 9.06 10.93 8.38 7.09 8.38 8.44 6.30 6.67
Revenue from contracts with customers 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Other operating income 0.83 0.58 0.80 0.55 0.69 0.84 1.02 1.99 1.84 3.16 1.81 1.38 1.99 2.10 2.61 1.73 2.08 2.20 2.88 3.12 0.67 0.75 1.18
Revenues 100.83% 100.58% 100.80% 100.55% 100.69% 100.84% 101.02% 101.99% 101.84% 103.16% 101.81% 101.38% 101.99% 102.10% 102.61% 101.73% 102.08% 102.20% 102.88% 103.12% 100.67% 100.75% 101.18%
Lease operating expenses -7.57 -5.78 -6.24 -7.46 -8.22 -9.42 -8.70 -12.33 -14.43 -25.00 -14.38 -11.57 -13.39 -12.70 -12.95 -12.22 -9.32 -8.28 -8.00 -9.92 -10.86 -10.84 -11.45
Production and ad valorem taxes -6.45 -6.47 -6.74 -6.02 -6.54 -6.30 -6.40 -6.23 -7.78 -5.34 -8.04 -6.24 -6.38 -6.40 -6.53 -6.38 -6.36 -6.25 -5.85 -6.08 -6.14 -5.94 -6.76
Gathering and transportation -2.94 -2.22 -2.47 -2.88 -3.53 -3.36 -2.65 -4.64 -4.67 -8.74 -4.08 -3.12 -2.62 -1.70 -1.43 -1.29 -1.32 -1.32 -0.92 -0.96 -1.16 -1.13 -1.13
Depreciation, depletion, amortization and accretion -13.90 -11.99 -13.10 -15.91 -17.98 -20.46 -23.29 -35.81 -40.74 -83.50 -46.32 -36.91 -38.28 -36.20 -38.48 -37.46 -27.83 -25.29 -24.76 -27.24 -29.39 -28.24 -25.48
Impairment of oil and natural gas properties 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -135.54 -205.23 -616.26 -114.27 -72.54 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
General and administrative expenses -1.41 -1.42 -1.51 -2.34 -2.00 -2.16 -2.13 -3.18 -2.83 -4.85 -2.72 -3.31 -1.99 -2.20 -3.21 -3.14 -2.69 -2.82 -3.50 -2.88 -3.97 -4.45 -5.91
Merger and integration expenses -0.46 0.00 0.00 -0.05 0.00 -0.12 -6.40 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -5.93 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Other operating expenses -1.32 -0.84 -1.26 -0.70 -1.05 -1.74 -2.73 -3.18 -3.82 -8.01 -2.83 -2.94 -2.82 -1.80 -2.14 -3.90 -3.92 -3.60 -2.51 -0.85 -1.49 -0.68 -0.37
Costs and expenses -34.05% -28.71% -31.31% -35.36% -39.33% -43.55% -52.30% -200.93% -279.49% -751.70% -192.64% -136.64% -65.48% -61.00% -64.73% -70.33% -51.45% -47.57% -45.54% -47.93% -53.01% -51.27% -51.11%
Income (loss) from operations 66.78% 71.88% 69.49% 65.19% 61.36% 57.29% 48.72% -98.94% -177.65% -648.54% -90.83% -35.26% 36.51% 41.10% 37.89% 31.40% 50.63% 54.63% 57.34% 55.19% 47.67% 49.47% 50.07%
Interest expense, net -1.78 -1.42 -1.67 -1.44 -3.00 -3.42 -4.78 -6.63 -7.50 -11.17 -5.44 -3.58 -3.97 -4.90 -5.46 -6.11 -3.52 -3.32 -2.94 -2.81 -3.07 -3.08 -5.26
Other income (expense), net -0.21 0.04 0.04 -0.30 0.11 -0.42 0.09 0.13 -0.28 0.73 -1.02 -0.55 0.21 0.20 0.59 -0.95 0.33 17.27 0.78 0.20 0.00 3.11 0.49
Gain (loss) on derivative instruments, net -0.99 -3.67 -23.11 2.34 -12.34 -29.81 -13.99 -21.62 -14.00 -87.62 61.38 -10.19 18.51 9.40 -31.83 38.74 -9.18 -11.38 -6.93 -25.29 -16.92 12.46 16.22
Gain on sale of equity method investments 0.00 0.00 0.00 0.00 0.00 1.38 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Loss on extinguishment of debt -0.04 -0.15 -2.26 -0.10 -0.63 0.00 -5.20 0.00 -0.28 -0.73 0.00 -5.14 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Income (loss) from equity investments 0.79 1.02 0.38 0.45 0.21 0.30 -0.26 0.00 0.42 -3.16 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Other income (expense), net -2.23% -4.18% -26.62% 0.94% -15.66% -31.97% -24.15% -28.12% -21.64% -101.94% 54.93% -19.47% 14.75% 4.70% -36.70% 31.69% -12.36% 2.57% -9.09% -27.90% -20.00% 12.49% 11.45%
Income (loss) before income taxes 64.54% 67.70% 42.86% 66.14% 45.70% 25.31% 24.57% -127.06% -199.29% -750.49% -35.90% -54.73% 51.26% 45.80% 1.19% 63.09% 38.27% 57.20% 48.26% 27.29% 27.67% 61.96% 61.52%
(Provision for) benefit from income taxes -12.00 -14.61 -9.25 -13.87 -10.17 -5.64 -5.55 26.79 43.00 165.29 -9.40 11.39 -10.67 -10.20 3.92 -13.79 -8.02 1.28 -10.09 6.19 -0.29 -0.59 -0.84
Net income (loss) 52.54% 53.09% 33.61% 52.26% 35.53% 19.68% 19.03% -100.27% -156.29% -585.19% -45.30% -43.34% 40.59% 35.60% 5.11% 49.30% 30.25% 58.49% 38.17% 33.48% 27.39% 61.37% 60.68%
Net (income) loss attributable to non-controlling interest -3.56 -1.64 -1.00 -2.44 -1.32 -1.02 -0.26 2.25 -1.13 4.37 14.50 -1.38 -2.09 -0.70 -3.92 0.08 -0.45 -15.93 -3.29 -3.89 -2.98 -2.14 -2.06
Net income (loss) attributable to Diamondback Energy, Inc. 48.99% 51.45% 32.61% 49.83% 34.21% 18.66% 18.77% -98.01% -157.43% -580.83% -30.80% -44.72% 38.49% 34.90% 1.19% 49.38% 29.80% 42.56% 34.88% 29.59% 24.40% 59.23% 58.61%

Based on: 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31).

Income statement item Description The company
Income (loss) from operations The net result for the period of deducting operating expenses from operating revenues. Diamondback Energy Inc. income (loss) from operations as a percentage of revenue from contracts with customers increased from Q1 2022 to Q2 2022 but then decreased significantly from Q2 2022 to Q3 2022.
Income (loss) before income taxes Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Diamondback Energy Inc. income (loss) before income taxes as a percentage of revenue from contracts with customers increased from Q1 2022 to Q2 2022 but then slightly decreased from Q2 2022 to Q3 2022.
Net income (loss) attributable to Diamondback Energy, Inc. The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Diamondback Energy Inc. net income (loss) attributable to Diamondback Energy, Inc. as a percentage of revenue from contracts with customers increased from Q1 2022 to Q2 2022 but then slightly decreased from Q2 2022 to Q3 2022.