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FANG

138.21USD-3.79(-2.67%)Market Closed

Diamondback Energy Inc

Market Summary

USD138.21-3.79Market Closed
-2.67%

FANG Alerts

FANG Stock Price

RSI Chart

Valuation

Market Cap

26.7B

Price/Earnings

6.94

Price/Sales

2.93

Price/Cashflow

5.01

MarketCap/EBT

5.25

Price/Sales

Profitability

EBT Margin

55.82%

Return on Equity

28.88%

Return on Assets

16.4%

Fundamentals

Revenue

Revenue (TTM)

9.6B

Revenue Y/Y

27.59%

Revenue Q/Q

-11.96%

Earnings

Earnings (TTM)

4.4B

Earnings Y/Y

82.43%

Earnings Q/Q

-16.38%

Price Action

52 Week Range

89.06166.67
(Low)(High)

Last 7 days

-5.8%

Last 30 days

-13.2%

Last 90 days

6.5%

Trailing 12 Months

36.2%

Financial Health

Current Ratio

0.73

Debt/Equity

0.41

Debt/Cashflow

0.99

Investor Care

Dividend Yield

4.68%

Dividend/Share (TTM)

8.96

Buy Backs (1Y)

2.86%

Diluted EPS (TTM)

24.63

Peers (Alternatives to Diamondback Energy)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
78.3B
22.2B
-10.15% 58.77%
13.73
3.53
70.19% 203.78%
66.9B
36.8B
-12.46% 116.37%
6.09
1.96
69.86% 4049.24%
61.4B
24.8B
-11.34% 32.03%
8.62
2.47
81.49% 409.80%
49.8B
19.7B
-10.28% 59.46%
9.45
2.71
83.28% 424.48%
26.7B
9.6B
-13.18% 36.24%
6.94
2.93
73.79% 893.42%
14.4B
10.9B
-10.45% 72.49%
4.67
1.31
73.36% 286.92%
12.8B
14.1B
-5.26% 53.86%
5.25
0.97
63.46% 733.33%
MID-CAP
7.8B
3.1B
-15.94% 55.11%
6.63
2.55
105.26% 318.63%
7.1B
5.4B
-8.96% 39.32%
5.66
1.32
97.87% 385.71%
4.4B
2.3B
-33.88% 7.97%
4.99
1.94
101.44% 11.78%
4.2B
2.6B
-19.64% 90.36%
12.34
1.58
131.99% 194.19%
2.8B
2.3B
-14.37% 52.48%
15
1.38
104.75% 360.71%
2.7B
2.9B
-18.45% -23.15%
3.22
0.93
111.76% 166.14%
SMALL-CAP
1.4B
6.1B
-9.82% 47.15%
13.64
0.23
72.58% 132.13%
1.1B
1.9B
-17.60% -10.00%
2.05
0.56
114.30% 186.49%

Financials for Diamondback Energy

Income Statement (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q32022Q22022Q12021Q42021Q3
Revenue5.8%9,6359,1088,0216,7975,544
  S&GA Expenses-2.5%156160157146123
Earnings Before Taxes13.6%5,7775,0843,6432,907619
Net Income13.9%4,3813,8462,7412,182441
Balance Sheet
(In Millions)
Description(%) Q/Q2022Q32022Q22022Q12021Q42021Q3
Assets1.7%23,84323,44823,33122,89822,639
  Current Assets-14.2%1,0311,2011,3471,4461,464
    Cash Equivalents-37.2%2743149654457
  Inventory-9.2%5965626253
  Net PPE2.5%21,90321,36921,10820,61920,406
Liabilities2.5%9,2859,0589,4799,65310,217
  Current Liabilities2.3%1,6781,6401,8721,4381,996
  Long Term Debt-1.0%5,3475,4015,8036,6426,925
    LT Debt, Current-81.8%1055454520
    LT Debt, Non Current-1.0%5,3475,4015,8036,6426,925
Shareholder's Equity4.0%13,84313,31612,74312,08811,483
  Retained Earnings142.6%195-458.00-1,326.00-1,998.00-2,908.00
  Additional Paid-In Capital-0.9%13,64613,77214,06714,08414,389
Accumulated Depreciation2.3%14,48714,16013,84013,54513,234
Shares Outstanding0.2%176175178178181
Minority Interest-33.4%7151,0741,1091,157939
* denotes actual numbers (not divided by Millions)
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q32022Q22022Q12021Q42021Q3
Cashflow From Operations13.6%6,0515,3254,5723,9443,180
  Share Based Compensation0%5656565147
Cashflow From Investing-15.8%-2,168.00-1,873.00-1,668.00-1,539.00-1,569.00
Cashflow From Financing-15.9%-4,390.00-3,789.00-2,911.00-1,841.00-1,169.00
  Dividend Payments54.3%1,265820351312280
  Buy Backs60.7%1,19174145043134

Risks

What is the probability of a big loss on FANG?

84.6%


Probability that Diamondback Energy stock will be more than 20% underwater in next one year

70.4%


Probability that Diamondback Energy stock will be more than 30% underwater in next one year.

29.2%


Probability that Diamondback Energy stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does FANG drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Diamondback Energy was unfortunately bought at previous high price.

Returns

Cumulative Returns on FANG

24.4%


10-Year Cumulative Returns

11.2%


7-Year Cumulative Returns

7.7%


5-Year Cumulative Returns

23.3%


3-Year Cumulative Returns

What are the long-term rolling returns for FANG?

FIve years rolling returns for Diamondback Energy.

Which funds bought or sold FANG recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2022-11-23
Toroso Investments, LLC
ADDED
91.82
1,464,000
3,077,000
0.13%
2022-11-23
Eagle Bay Advisors LLC
ADDED
8.36
6,645
82,000
0.05%
2022-11-23
Aurora Investment Counsel
REDUCED
-55.07
-1,476,000
1,053,000
0.80%
2022-11-22
CVA Family Office, LLC
REDUCED
-22
-7,000
23,000
0.01%
2022-11-22
B. Riley Wealth Advisors, Inc.
ADDED
18.3
129,000
867,000
0.03%
2022-11-22
IHT Wealth Management, LLC
NEW
-
308,000
308,000
0.02%
2022-11-22
TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY
NEW
-
20,393,000
20,393,000
0.24%
2022-11-21
FourThought Financial, LLC
ADDED
30.4
113,000
495,000
0.07%
2022-11-21
Ninepoint Partners LP
ADDED
636.74
75,412,000
87,334,000
10.88%
2022-11-21
Parallax Volatility Advisers, L.P.
REDUCED
-55.4
-7,937,000
6,325,000
0.01%

1–10 of 44

Latest Funds Activity

Are funds buying FANG calls or puts?
Are funds bullish or bearish(Calls - Puts)?
No. of funds that own FANG

Diamondback Energy News

MarketWatch

Coterra Energy Inc. stock outperforms competitors despite losses on the day.2 hours ago

The Motley Fool

FANG Fair Value

Recent SEC filings of Diamondback Energy

View All Filings
Date Filed Form Type Document
Nov 30, 2022
S-3ASR
S-3ASR
Nov 29, 2022
424B5
Prospectus Filed
Nov 29, 2022
FWP
Prospectus Filed
Nov 21, 2022
8-K
Current Report
Nov 21, 2022
S-3ASR
S-3ASR
Nov 08, 2022
10-Q
Quarterly Report
Nov 07, 2022
8-K
Current Report
Oct 28, 2022
8-K
Current Report
Oct 20, 2022
8-K
Current Report
Oct 19, 2022
424B2
Prospectus Filed

Latest Insider Trading transactions for FANG

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2022-08-24
Van't Hof Matthew Kaes
ACQUIRED
-
-
97,635
President & CFO
2022-08-24
Dick Teresa L.
ACQUIRED
-
-
5,646
CAO, Exec. VP, Assist. Sec.
2022-08-24
Stice Travis D.
ACQUIRED
-
-
20,113
Chief Executive Officer
2022-08-24
WEST STEVEN E
ACQUIRED
-
-
4,108
-
2022-08-24
Zmigrosky Matt
ACQUIRED
-
-
2,315
Exec. VP, Gen Counsel and Sec
2022-07-11
Tsuru Frank D.
ACQUIRED
-
-
1,168
-
2022-07-11
KLEIN REBECCA A
ACQUIRED
-
-
1,168
-
2022-06-09
Brooks Vincent K
ACQUIRED
-
-
1,274
-
2022-06-09
Houston David L
ACQUIRED
-
-
1,274
-
2022-06-09
Trent Melanie Montague
ACQUIRED
-
-
1,274
-

1–10 of 50

Travis D. Stice
870
Diamondback Energy, Inc., an independent oil and natural gas company, focuses on the acquisition, development, exploration, and exploitation of unconventional and onshore oil and natural gas reserves in the Permian Basin in West Texas. It focuses on the development of the Spraberry and Wolfcamp formations of the Midland basin; and the Wolfcamp and Bone Spring formations of the Delaware basin, which are part of the Permian Basin in West Texas and New Mexico. As of December 31, 2021, the company's total acreage position was approximately 524,700 gross acres in the Permian Basin; and estimated proved oil and natural gas reserves were 1,788,991 thousand barrels of crude oil equivalent. It also held working interests in 5,289 gross producing wells, as well as royalty interests in 6,455 additional wells. In addition, the company owns mineral interests approximately 930,871 gross acres and 27,027 net royalty acres in the Permian Basin and Eagle Ford Shale; and owns, operates, develops, and acquires midstream infrastructure assets, including 866 miles of crude oil gathering pipelines, natural gas gathering pipelines, and an integrated water system in the Midland and Delaware Basins of the Permian Basin. Diamondback Energy, Inc. was founded in 2007 and is headquartered in Midland, Texas.

FANG Income Statement

2022-09-30
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Millions
3 Months Ended9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Revenues:    
Revenue$ 2,417$ 1,897$ 7,558$ 4,736
Other operating income20135539
Total revenues2,4371,9107,6134,775
Costs and expenses:    
Lease operating expenses183156491415
Production and ad valorem taxes156124495304
Depreciation, depletion, amortization and accretion336341979955
General and administrative expenses343810999
Merger and integration expenses1101177
Other operating expenses32208581
Total costs and expenses8237462,3612,085
Income (loss) from operations1,6141,1645,2522,690
Other income (expense):    
Interest expense, net(43)(57)(122)(170)
Other income (expense), net(5)2(3)(4)
Gain (loss) on derivative instruments, net(24)(234)(677)(895)
Gain (loss) on sale of equity method investments00023
Gain (loss) on extinguishment of debt(1)(12)(59)(73)
Income (loss) from equity investments194566
Total other income (expense), net(54)(297)(805)(1,113)
Income (loss) before income taxes1,5608674,4471,577
Provision for (benefit from) income taxes290193913352
Net income (loss)1,2706743,5341,225
Net income (loss) attributable to non-controlling interest862515545
Net income (loss) attributable to Diamondback Energy, Inc.$ 1,184$ 649$ 3,379$ 1,180
Earnings (loss) per common share:    
Basic (in USD per share)$ 6.72$ 3.55$ 18.99$ 6.66
Diluted (in USD per share)$ 6.72$ 3.55$ 18.99$ 6.66
Weighted average common shares outstanding:    
Basic (in shares)174,406181,027176,169175,464
Diluted (in shares)174,408181,027176,171175,464
Dividends declared per share (in USD per share)$ 2.26$ 0.50$ 8.36$ 1.35
Oil sales    
Revenues:    
Revenue$ 1,853$ 1,506$ 5,988$ 3,845
Natural gas sales    
Revenues:    
Revenue296152714363
Natural gas liquid sales    
Revenues:    
Revenue268239856528
Gathering and transportation    
Costs and expenses:    
Cost of goods and services sold$ 71$ 67$ 191$ 154

FANG Balance Sheet

2022-09-30
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Sep. 30, 2022
Dec. 31, 2021
Current assets:  
Cash and cash equivalents$ 27$ 654
Restricted cash718
Accounts receivable:  
Joint interest and other, net11572
Oil and natural gas sales, net669598
Inventories5962
Derivative instruments9813
Income tax receivable21
Prepaid expenses and other current assets5428
Total current assets1,0311,446
Property and equipment:  
Oil and natural gas properties, full cost method of accounting ($8,386 million and $8,496 million excluded from amortization at September 30, 2022 and December 31, 2021, respectively)35,01932,914
Other property, equipment and land1,3711,250
Accumulated depletion, depreciation, amortization and impairment(14,487)(13,545)
Property and equipment, net21,90320,619
Funds held in escrow512
Equity method investments674613
Derivative instruments114
Deferred income taxes, net7440
Investment in real estate, net8788
Other assets5876
Total assets23,84322,898
Current liabilities:  
Accounts payable - trade13936
Accrued capital expenditures371295
Current maturities of long-term debt1045
Other accrued liabilities403419
Revenues and royalties payable634452
Derivative instruments90174
Income taxes payable3117
Total current liabilities1,6781,438
Long-term debt5,3476,642
Derivative instruments18429
Asset retirement obligations325166
Deferred income taxes1,7371,338
Other long-term liabilities1440
Total liabilities9,2859,653
Commitments and contingencies (Note 14)
Stockholders’ equity:  
Common stock, $0.01 par value; 400,000,000 shares authorized; 175,631,465 and 177,551,347 shares issued and outstanding at September 30, 2022 and December 31, 2021, respectively22
Additional paid-in capital13,64614,084
Retained earnings (accumulated deficit)195(1,998)
Total Diamondback Energy, Inc. stockholders’ equity13,84312,088
Non-controlling interest7151,157
Total equity14,55813,245
Total liabilities and equity$ 23,843$ 22,898