Stock Analysis on Net
Stock Analysis on Net

Diamondback Energy Inc. (NASDAQ:FANG)

$22.49

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

Income Statement

The income statement presents information on the financial results of a company business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.

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Diamondback Energy Inc., consolidated income statement

US$ in millions

Microsoft Excel
12 months ended: Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Oil sales
Natural gas sales
Natural gas liquid sales
Revenue from contracts with customers
Midstream services
Other operating income
Revenues
Lease operating expenses
Production and ad valorem taxes
Gathering and transportation
Midstream services expense
Depreciation, depletion, amortization and accretion
Impairment of oil and natural gas properties
General and administrative expenses
Merger and integration expense
Other operating expense
Costs and expenses
Income (loss) from operations
Interest expense, less capitalized interest
Other fees and expenses
Interest income
Interest expense, net
Other income (expense), net
Gain (loss) on derivative instruments, net
Gain on sale of equity method investments
Loss on extinguishment of debt
Income (loss) from equity investments
Other income (expense), net
Income (loss) before income taxes
(Provision for) benefit from income taxes
Net income (loss)
Net (income) loss attributable to non-controlling interest
Net income (loss) attributable to Diamondback Energy, Inc.

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).

Income statement item Description The company
Revenue from contracts with customers Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise. Diamondback Energy Inc. revenue from contracts with customers decreased from 2019 to 2020 but then increased from 2020 to 2021 exceeding 2019 level.
Income (loss) from operations The net result for the period of deducting operating expenses from operating revenues. Diamondback Energy Inc. income (loss) from operations decreased from 2019 to 2020 but then increased from 2020 to 2021 exceeding 2019 level.
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 decreased from 2019 to 2020 but then increased from 2020 to 2021 exceeding 2019 level.
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. decreased from 2019 to 2020 but then increased from 2020 to 2021 exceeding 2019 level.