Diamondback Historical Income Statement

FANG Stock  USD 196.53  2.28  1.17%   
Historical analysis of Diamondback Energy income statement accounts such as Total Revenue of 8.8 B or Gross Profit of 5 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.
 
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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.
  
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 tightly coupled 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.

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

Diamondback Energy Income Statement is one of the three primary financial statements used for reporting Diamondback's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Diamondback Energy revenue and expense. Diamondback Energy Income Statement primarily focuses on the company's revenues and expenses during a particular period.
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 B, while Non Operating Income Net Other is forecasted to increase to (524.1 M).

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.
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 tightly coupled 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 B, while Non Operating Income Net Other is forecasted to increase to (524.1 M).
 2021 2022 2023 2024 (projected)
Interest Expense199M159M175M183.8M
Depreciation And Amortization1.3B1.4B1.7B1.8B

Diamondback Energy income statement Correlations

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Click cells to compare fundamentals

Diamondback Energy Account Relationship Matchups

Diamondback Energy income statement Accounts

201920202021202220232024 (projected)
Depreciation And Amortization1.4B1.3B1.3B1.4B1.7B1.8B
Interest Expense172M197M199M159M175M183.8M
Total Revenue4.0B2.8B6.8B9.6B8.3B8.8B
Gross Profit1.6B644M4.2B6.8B4.8B5.0B
Other Operating Expenses2.5B2.3B2.7B3.1B3.8B3.9B
Operating Income2.4B547M4.0B6.5B4.6B4.8B
Ebit2.4B547M4.0B6.5B4.6B4.9B
Ebitda3.9B1.9B5.3B7.9B6.4B6.7B
Cost Of Revenue2.4B2.2B2.6B2.9B3.5B3.7B
Total Operating Expenses115M99M152M256M217M227.9M
Income Before Tax362M(5.8B)2.9B5.7B4.2B4.5B
Total Other Income Expense Net(2.1B)(6.3B)(1.1B)(772M)(158M)(165.9M)
Net Income240M(4.7B)2.2B4.4B3.1B3.3B
Income Tax Expense47M(1.1B)631M1.2B912M957.6M
Selling General Administrative104M88M146M144M150M157.5M
Net Income Applicable To Common Shares240M(4.5B)2.2B4.4B5.0B5.3B
Net Income From Continuing Ops315M(4.7B)2.3B4.6B3.3B3.5B
Non Operating Income Net Other(333M)(103M)(895M)(613M)(551.7M)(524.1M)
Minority Interest75M(155M)(94M)(176M)(193M)(183.4M)
Tax Provision47M(1.1B)631M1.2B912M957.6M
Interest Income13.5M275M4M1M2M1.9M
Net Interest Income(172M)(197M)(199M)(159M)(175M)(183.8M)
Reconciled Depreciation1.4B1.3B1.3B1.3B1.7B1.3B

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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 tightly coupled 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 Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.

Complementary Tools for Diamondback Stock analysis

When running Diamondback Energy's price analysis, check to measure Diamondback Energy's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Diamondback Energy is operating at the current time. Most of Diamondback Energy's value examination focuses on studying past and present price action to predict the probability of Diamondback Energy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Diamondback Energy's price. Additionally, you may evaluate how the addition of Diamondback Energy to your portfolios can decrease your overall portfolio volatility.
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Is Diamondback Energy's industry 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
(0.05)
Dividend Share
8.12
Earnings Share
17.33
Revenue Per Share
44.217
Quarterly Revenue Growth
0.113
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.