Market Summary
USD150.89+0.69
Market Closed0.46%
FANG Stock Price
FANG RSI Chart
FANG Valuation
FANG Price/Sales (Trailing)
FANG Profitability
FANG Fundamentals
FANG Revenue
FANG Earnings
Price Action
52 Week Range
119.01166.67
(Low)(High)
Last 7 days
-1.6%
Last 30 days
-2.9%
Last 90 days
13.8%
Trailing 12 Months
26.4%
FANG Financial Health
FANG Investor Care
Historical Charts for Stock Metrics
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Net sales
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Latest Insider Trading transactions for FANG
Filter Transactions| Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
|---|---|---|---|---|---|---|
2023-09-18 | Stice Travis D. | gifted | - | - | -5,000 | chief executive officer |
2023-09-12 | Houston David L | sold | -1,252,340 | 156 | -8,000 | - |
2023-09-12 | Zmigrosky Matt | sold | -425,302 | 157 | -2,706 | evp, chief legal and admin off |
2023-08-10 | WEST STEVEN E | sold | -1,205,180 | 150 | -8,000 | - |
2023-08-04 | Van't Hof Matthew Kaes | sold | -1,340,810 | 148 | -9,000 | president & cfo |
2023-08-03 | Wesson Daniel N | sold | -598,702 | 149 | -4,000 | exec. vp & coo |
2023-08-03 | Zmigrosky Matt | sold | -872,730 | 150 | -5,812 | evp, chief legal and admin off |
2023-06-13 | Stice Travis D. | sold | -1,532,690 | 132 | -11,600 | chief executive officer |
2023-06-13 | Stice Travis D. | gifted | - | - | -35,000 | chief executive officer |
2023-06-13 | Van't Hof Matthew Kaes | sold | -990,724 | 132 | -7,500 | president & cfo |
Which funds bought or sold FANG recently?
View All Details| Datesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
|---|---|---|---|---|---|---|
2023-09-21 | Baystate Wealth Management LLC | unchanged | - | -7.00 | 294 | -% |
2023-09-21 | Jefferies Group LLC | reduced | -76.87 | -3,025,810 | 903,571 | 0.01% |
2023-09-20 | BARCLAYS PLC | added | 76.69 | 25,164,000 | 60,258,000 | 0.04% |
2023-09-18 | WASHINGTON CAPITAL MANAGEMENT, INC | unchanged | - | -14,745 | 508,363 | 0.43% |
2023-09-12 | Farther Finance Advisors, LLC | added | 15.02 | 4,672 | 44,271 | 0.01% |
2023-09-01 | Portside Wealth Group, LLC | new | - | 294,639 | 294,639 | 0.06% |
2023-08-30 | Western Wealth Management, LLC | reduced | -0.79 | -23,999 | 642,336 | 0.06% |
2023-08-29 | EFG Asset Management (Americas) Corp. | reduced | -4.41 | -409,463 | 5,350,960 | 1.24% |
2023-08-28 | Lavaca Capital LLC | added | 0.53 | -14,809 | 627,113 | 0.18% |
2023-08-28 | DELPHI MANAGEMENT INC /MA/ | new | - | 1,253,000 | 1,253,000 | 1.30% |
Latest Funds Activity
Calls
Puts
Net Call Options
No. of Funds
Schedule 13G FIlings of Diamondback Energy
| Date Filed | Name of Filer | Percent of Class | No. of Shares | Form Type | |
|---|---|---|---|---|---|
| Feb 09, 2023 | fmr llc | - | 0 | SC 13G | |
| Feb 09, 2023 | guidon energy holdings lp | 0% | 0 | SC 13G/A | |
| Feb 09, 2023 | vanguard group inc | 11.78% | 21,419,163 | SC 13G/A | |
| Feb 01, 2023 | state street corp | 6.36% | 11,570,839 | SC 13G/A | |
| Jan 27, 2023 | blackrock inc. | 9.1% | 16,005,236 | SC 13G/A | |
| Jan 25, 2023 | blackrock inc. | 9.1% | 16,005,236 | SC 13G/A | |
| Mar 11, 2022 | blackrock inc. | 7.7% | 13,938,631 | SC 13G/A | |
| Feb 11, 2022 | capital research global investors | 1.8% | 3,307,667 | SC 13G/A | |
| Feb 11, 2022 | guidon energy holdings lp | 0.4% | 783,353 | SC 13G/A | |
| Feb 10, 2022 | state street corp | 6.19% | 11,211,655 | SC 13G/A |
Recent SEC filings of Diamondback Energy
View All Filings| Date Filed | Form Type | Document | |
|---|---|---|---|
| Sep 20, 2023 | 4 | Insider Trading | |
| Sep 14, 2023 | 4 | Insider Trading | |
| Sep 14, 2023 | 4 | Insider Trading | |
| Sep 12, 2023 | 144 | Notice of Insider Sale Intent | |
| Sep 12, 2023 | 144 | Notice of Insider Sale Intent | |
| Aug 14, 2023 | 4 | Insider Trading | |
| Aug 10, 2023 | 144 | Notice of Insider Sale Intent | |
| Aug 09, 2023 | 144 | Notice of Insider Sale Intent | |
| Aug 07, 2023 | 4 | Insider Trading | |
| Aug 07, 2023 | 4 | Insider Trading |
Peers (Alternatives to Diamondback Energy)
View All Peers In Detail| Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|
| LARGE-CAP | ||||||||
EOG | 72.1B | 25.9B | -5.59% | 11.33% | 8.28 | 2.78 | 16.80% | 52.54% |
OXY | 60.4B | 31.8B | -3.52% | 1.89% | 4.68 | 1.64 | -6.68% | -38.20% |
PXD | 52.3B | 20.3B | -7.12% | 3.66% | 9.04 | 2.57 | -14.26% | -6.45% |
FANG | 27.0B | 8.3B | -2.88% | 26.39% | 7.74 | 3.25 | -8.75% | -9.74% |
APA | - | 8.8B | -12.31% | 16.31% | - | - | -19.24% | -60.57% |
DVN | - | 16.8B | -13.74% | -21.03% | - | - | -8.28% | -9.23% |
| MID-CAP | ||||||||
OVV | 12.5B | 13.4B | -5.18% | -0.48% | 3.75 | 0.93 | 15.65% | 37.73% |
RRC | 7.4B | 4.5B | -8.75% | 20.51% | 4.36 | 1.67 | 15.35% | 216.30% |
MTDR | 6.8B | 2.8B | -12.12% | 16.11% | 7.25 | 2.44 | 1.90% | -11.66% |
KOS | 3.5B | 1.6B | 1.33% | 47.78% | 16.5 | 2.17 | -20.41% | 13.75% |
CRK | 2.9B | 2.9B | -16.42% | -38.75% | 3.06 | 1.02 | 9.57% | 185.64% |
CPE | 2.3B | 2.7B | -9.46% | 5.20% | 2.41 | 0.85 | 12.93% | 24.18% |
OAS | - | 4.0B | - | - | - | - | 72.02% | 99.37% |
| SMALL-CAP | ||||||||
PARR | 2.1B | 7.3B | -0.03% | 117.25% | 3.32 | 0.28 | 21.02% | 508.09% |
LPI | 805.4M | 1.5B | -8.19% | -35.44% | 1.28 | 0.42 | -22.98% | 63.46% |
Diamondback Energy News
Returns for FANG
Cumulative Returns on FANG
14.1%
10-Year Cumulative Returns
9.2%
7-Year Cumulative Returns
4.1%
5-Year Cumulative Returns
75.8%
3-Year Cumulative Returns
Risks for FANG
What is the probability of a big loss on FANG?
98.8%
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.
Drawdowns
Financials for Diamondback Energy
Income Statement (Last 12 Months)(In Millions)
| Income Statement (Last 12 Months) | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Revenue | -9.3% | 8,311 | 9,160 | 9,643 | 9,635 | 9,108 | 8,021 | 6,797 | 5,544 | 4,354 | 3,098 | 2,813 | 3,148 | 3,403 | 3,999 | 3,964 | 3,493 | 3,055 | 2,561 | 2,176 | 1,942 | 1,706 |
| Costs and Expenses | 3.9% | 3,416 | 3,287 | 3,135 | 3,072 | 2,995 | 2,931 | 2,796 | 3,600 | 4,830 | 7,201 | 8,289 | 8,262 | 6,912 | 4,425 | 3,269 | 2,219 | 1,862 | 1,498 | 1,165 | 912 | 802 |
| S&GA Expenses | -1.4% | 146 | 148 | 144 | 156 | 160 | 157 | 146 | 123 | 105 | 89.00 | 88.00 | 100 | 99.00 | 101 | 104 | 88.00 | 83.00 | 76.00 | 65.00 | 55.00 | 53.00 |
| EBITDA | -100.0% | - | 7,234 | 7,215 | - | 6,388 | 5,157 | 4,381 | - | - | -3,796 | -4,268 | -3,812 | -1,806 | 1,745 | 1,988 | 2,777 | 2,240 | 1,828 | - | - | - |
| EBITDA Margin | -100.0% | - | 0.79* | 0.75* | - | 0.70* | 0.64* | 0.64* | - | - | -1.23* | -1.52* | -1.21* | -0.53* | 0.44* | 0.50* | 0.79* | 0.73* | 0.71* | - | - | - |
| Interest Expenses | - | - | - | 135 | - | - | - | 194 | - | - | - | 221 | 172 | 200 | 186 | 187 | 177 | 146 | 127 | 114 | 81.00 | 64.00 |
| Earnings Before Taxes | -19.6% | 4,553 | 5,665 | 5,736 | 5,777 | 5,084 | 3,643 | 2,907 | 619 | -1,657 | -5,171 | -5,776 | -5,414 | -3,515 | 35.00 | 362 | 1,349 | 1,062 | 898 | 1,113 | 827 | 707 |
| EBT Margin | -100.0% | - | 0.62* | 0.59* | 0.60* | 0.56* | 0.45* | 0.43* | 0.11* | -0.38* | -1.67* | -2.05* | -1.72* | -1.03* | 0.01* | 0.09* | - | - | - | - | - | - |
| Net Income | -19.8% | 3,493 | 4,353 | 4,386 | 4,405 | 3,870 | 2,782 | 2,182 | 461 | -1,301 | -4,040 | -4,517 | -4,411 | -2,930 | -163 | 280 | 1,074 | 863 | 726 | 846 | 654 | 570 |
| Net Income Margin | -100.0% | - | 0.48* | 0.45* | 0.46* | 0.42* | 0.34* | 0.32* | 0.08* | -0.30* | -1.30* | -1.61* | -1.35* | -0.82* | -0.01* | 0.06* | - | - | - | - | - | - |
| Free Cashflow | -100.0% | - | 6,498 | 6,325 | 6,051 | 5,325 | 4,572 | 3,944 | 3,180 | 2,523 | 1,893 | 2,118 | 2,597 | 2,864 | 3,206 | 2,734 | - | - | - | - | - | - |
Balance Sheet(In Millions)
| Balance Sheet | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Assets | 0.0% | 27,587 | 27,589 | 26,209 | 23,843 | 23,448 | 23,331 | 22,898 | 22,639 | 22,898 | 21,996 | 17,619 | 18,760 | 20,337 | 23,386 | 23,531 | 23,553 | 23,531 | 23,531 | 21,596 | 9,807 | 8,954 |
| Current Assets | -20.9% | 918 | 1,160 | 1,392 | 1,031 | 1,201 | 1,347 | 1,446 | 1,464 | 1,142 | 851 | 602 | 558 | 654 | 1,268 | 869 | 845 | 972 | 693 | 925 | 796 | 393 |
| Cash Equivalents | -60.9% | 18.00 | 46.00 | 157 | 27.00 | 59.00 | 167 | 672 | 457 | 344 | 121 | 108 | 92.00 | 51.00 | 149 | 128 | 100 | 326 | 149 | 215 | 509 | 114 |
| Inventory | -4.3% | 66.00 | 69.00 | 67.00 | 59.00 | 65.00 | 62.00 | 62.00 | 53.00 | 52.00 | 52.00 | 33.00 | 33.00 | 34.00 | 36.00 | 37.00 | 45.00 | 44.00 | 39.00 | 37.00 | 15.00 | 13.00 |
| Net PPE | -1.4% | 25,145 | 25,514 | 23,759 | 21,903 | 21,369 | 21,108 | 20,619 | 20,406 | 20,419 | 20,352 | 16,214 | 17,435 | 18,927 | 21,420 | 21,835 | 22,043 | 21,603 | 21,047 | 20,372 | 8,715 | 8,343 |
| Liabilities | -0.8% | 11,375 | 11,466 | 10,519 | 9,285 | 9,058 | 9,479 | 9,653 | 10,217 | 10,445 | 10,344 | 7,815 | 8,091 | 8,502 | 9,070 | 8,625 | 8,064 | 7,721 | 7,754 | 7,429 | 3,377 | 2,942 |
| Current Liabilities | 12.6% | 2,123 | 1,886 | 1,716 | 1,678 | 1,640 | 1,872 | 1,438 | 1,996 | 1,972 | 1,868 | 1,236 | 1,229 | 1,061 | 1,330 | 1,263 | 1,181 | 1,180 | 1,112 | 1,019 | 722 | 727 |
| LT Debt, Current | -100.0% | - | 10.00 | 10.00 | 10.00 | 55.00 | 45.00 | 45.00 | 20.00 | - | 191 | 191 | 191 | - | - | - | - | - | - | - | - | - |
| LT Debt, Non Current | -5.9% | 6,543 | 6,950 | 6,238 | 5,347 | 5,401 | 5,803 | 6,642 | 6,925 | 7,360 | 7,465 | 5,624 | 5,656 | 5,952 | 5,677 | 5,371 | 4,761 | 4,472 | 4,670 | 4,464 | 2,332 | 1,967 |
| Shareholder's Equity | -3.5% | 15,554 | 16,123 | 15,009 | 13,843 | 14,390 | 13,852 | 13,245 | 12,422 | 11,890 | 11,652 | 9,804 | 10,669 | 11,835 | 14,316 | 14,906 | 15,489 | 15,450 | 14,514 | 14,167 | 6,430 | 6,012 |
| Retained Earnings | 41.9% | 1,372 | 967 | 801 | 195 | -458 | -1,326 | -1,998 | -2,908 | -3,475 | -3,713 | -3,864 | -3,065 | -1,893 | 559 | 890 | 1,407 | 1,069 | 752 | 762 | 468 | 323 |
| Additional Paid-In Capital | -2.2% | 14,187 | 14,502 | 14,213 | 13,646 | 13,772 | 14,067 | 14,084 | 14,389 | 14,399 | 14,384 | 12,656 | 12,615 | 12,605 | 12,265 | 12,357 | 12,641 | 12,933 | 13,019 | 12,936 | 5,465 | 5,307 |
| Accumulated Depreciation | 2.1% | 15,558 | 15,238 | 14,844 | 14,487 | 14,160 | 13,840 | 13,545 | 13,234 | 12,914 | 12,583 | 12,314 | 11,031 | 9,297 | 6,416 | 5,003 | 3,815 | 3,451 | 3,095 | 2,774 | 2,545 | 2,401 |
| Shares Outstanding | -1.3% | 179 | 182 | 180 | 176 | 177 | 178 | 178 | 181 | 181 | 164 | 158 | 158 | 158 | 158 | 159 | 163 | 165 | 165 | 164 | 99.00 | 99.00 |
| Minority Interest | -0.2% | 658 | 659 | 681 | 715 | 1,074 | 1,109 | 1,157 | 939 | 964 | 979 | 1,010 | 1,117 | 1,121 | 1,490 | 1,657 | 1,439 | 1,446 | 741 | 467 | 496 | 381 |
Cashflow (Last 12 Months)(In Millions)
| Cashflow (Last 12 Months) | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Cashflow From Operations | -3.0% | 6,304 | 6,498 | 6,325 | 6,051 | 5,325 | 4,572 | 3,944 | 3,180 | 2,523 | 1,893 | 2,118 | 2,602 | 2,869 | 3,211 | 2,739 | 2,264 | 1,844 | 1,603 | 1,565 | 1,404 | 1,259 |
| Share Based Compensation | 5.9% | 54.00 | 51.00 | 55.00 | 56.00 | 56.00 | 56.00 | 51.00 | 47.00 | 42.00 | 38.00 | 37.00 | 48.00 | 43.00 | 43.00 | 48.00 | 36.00 | 37.00 | 34.00 | 27.00 | 25.00 | 26.00 |
| Cashflow From Investing | -2.0% | -3,972 | -3,893 | -3,330 | -2,168 | -1,873 | -1,668 | -1,539 | -1,569 | -1,464 | -1,765 | -2,101 | -2,999 | -3,651 | -3,874 | -3,888 | -4,428 | -4,077 | -3,855 | -3,503 | -2,186 | -2,108 |
| Cashflow From Financing | 12.8% | -2,370 | -2,719 | -3,503 | -4,390 | -3,789 | -2,911 | -1,841 | -1,169 | -722 | -109 | -37.00 | 396 | 515 | 692 | 1,062 | 1,755 | 2,445 | 2,306 | 2,041 | 1,262 | 948 |
| Dividend Payments | -19.5% | 1,616 | 2,007 | 1,572 | 1,265 | 820 | 351 | 312 | 280 | 258 | 245 | 236 | 207 | 179 | 150 | 112 | 94.00 | 76.00 | 58.00 | 37.00 | 25.00 | 12.00 |
| Buy Backs | 1.3% | 1,441 | 1,423 | 1,098 | 1,191 | 741 | 450 | 431 | 34.00 | 12.00 | 2.00 | 98.00 | 293 | 589 | 691 | 593 | 413 | 117 | 17.00 | - | - | - |
FANG Income Statement
2023-06-30Condensed Consolidated Statements of Operations (Unaudited) - USD ($) shares in Thousands, $ in Millions | 3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | |
| Revenues: | ||||
| Revenue | $ 1,896 | $ 2,752 | $ 3,798 | $ 5,141 |
| Other operating income | 23 | 16 | 46 | 35 |
| Total revenues | 1,919 | 2,768 | 3,844 | 5,176 |
| Costs and expenses: | ||||
| Lease operating expenses | 200 | 159 | 392 | 308 |
| Production and ad valorem taxes | 148 | 178 | 303 | 339 |
| Depreciation, depletion, amortization and accretion | 432 | 330 | 835 | 643 |
| General and administrative expenses | 37 | 39 | 77 | 75 |
| Merger and integration expenses | 2 | 0 | 10 | 0 |
| Other operating expenses | 32 | 23 | 66 | 53 |
| Total costs and expenses | 919 | 790 | 1,819 | 1,538 |
| Income (loss) from operations | 1,000 | 1,978 | 2,025 | 3,638 |
| Other income (expense): | ||||
| Interest expense, net | (51) | (39) | (97) | (79) |
| Other income (expense), net | (21) | 1 | 32 | 2 |
| Gain (loss) on derivative instruments, net | (189) | (101) | (282) | (653) |
| Gain (loss) on extinguishment of debt | (4) | (4) | (4) | (58) |
| Income (loss) from equity investments | 16 | 28 | 30 | 37 |
| Total other income (expense), net | (249) | (115) | (321) | (751) |
| Income (loss) before income taxes | 751 | 1,863 | 1,704 | 2,887 |
| Provision for (benefit from) income taxes | 165 | 402 | 372 | 623 |
| Net income (loss) | 586 | 1,461 | 1,332 | 2,264 |
| Net income (loss) attributable to non-controlling interest | 30 | 45 | 64 | 69 |
| Net income (loss) attributable to Diamondback Energy, Inc. | $ 556 | $ 1,416 | $ 1,268 | $ 2,195 |
| Earnings (loss) per common share: | ||||
| Basic (in USD per share) | $ 3.05 | $ 7.93 | $ 6.95 | $ 12.28 |
| Diluted (in USD per share) | $ 3.05 | $ 7.93 | $ 6.95 | $ 12.28 |
| Weighted average common shares outstanding: | ||||
| Basic (in shares) | 180,373 | 176,570 | 181,176 | 177,064 |
| Diluted (in shares) | 180,373 | 176,572 | 181,176 | 177,066 |
| Dividends declared per share (in USD per share) | $ 0.84 | $ 3.05 | $ 1.67 | $ 6.10 |
| Oil sales | ||||
| Revenues: | ||||
| Revenue | $ 1,708 | $ 2,189 | $ 3,362 | $ 4,135 |
| Natural gas sales | ||||
| Revenues: | ||||
| Revenue | 48 | 264 | 117 | 418 |
| Natural gas liquid sales | ||||
| Revenues: | ||||
| Revenue | 140 | 299 | 319 | 588 |
| Gathering and transportation | ||||
| Costs and expenses: | ||||
| Cost of goods and services sold | $ 68 | $ 61 | $ 136 | $ 120 |
FANG Balance Sheet
2023-06-30Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Millions | Jun. 30, 2023 | Dec. 31, 2022 |
|---|---|---|
| Current assets: | ||
| Cash and cash equivalents | $ 18 | $ 157 |
| Restricted cash | 3 | 7 |
| Accounts receivable: | ||
| Joint interest and other, net | 143 | 104 |
| Oil and natural gas sales, net | 544 | 618 |
| Inventories | 66 | 67 |
| Derivative instruments | 7 | 132 |
| Income tax receivable | 120 | 284 |
| Prepaid expenses and other current assets | 17 | 23 |
| Total current assets | 918 | 1,392 |
| Property and equipment: | ||
| Oil and natural gas properties, full cost method of accounting ($8,558 million and $8,355 million excluded from amortization at June 30, 2023 and December 31, 2022, respectively) | 39,948 | 37,122 |
| Other property, equipment and land | 755 | 1,481 |
| Accumulated depletion, depreciation, amortization and impairment | (15,558) | (14,844) |
| Property and equipment, net | 25,145 | 23,759 |
| Funds held in escrow | 0 | 119 |
| Equity method investments | 587 | 566 |
| Assets held for sale | 742 | 158 |
| Derivative instruments | 1 | 23 |
| Deferred income taxes, net | 60 | 64 |
| Investment in real estate, net | 85 | 86 |
| Other assets | 49 | 42 |
| Total assets | 27,587 | 26,209 |
| Current liabilities: | ||
| Accounts payable - trade | 249 | 127 |
| Accrued capital expenditures | 558 | 480 |
| Current maturities of long-term debt | 0 | 10 |
| Other accrued liabilities | 454 | 399 |
| Revenues and royalties payable | 729 | 619 |
| Derivative instruments | 118 | 47 |
| Income taxes payable | 15 | 34 |
| Total current liabilities | 2,123 | 1,716 |
| Long-term debt | 6,543 | 6,238 |
| Derivative instruments | 175 | 148 |
| Asset retirement obligations | 286 | 336 |
| Deferred income taxes | 2,233 | 2,069 |
| Other long-term liabilities | 15 | 12 |
| Total liabilities | 11,375 | 10,519 |
| Commitments and contingencies (Note 14) | ||
| Stockholders’ equity: | ||
| Common stock, $0.01 par value; 400,000,000 shares authorized; 179,221,318 and 179,840,797 shares issued and outstanding at June 30, 2023 and December 31, 2022, respectively | 2 | 2 |
| Additional paid-in capital | 14,187 | 14,213 |
| Retained earnings (accumulated deficit) | 1,372 | 801 |
| Accumulated Other Comprehensive Income (Loss), Net of Tax | (7) | (7) |
| Total Diamondback Energy, Inc. stockholders’ equity | 15,554 | 15,009 |
| Non-controlling interest | 658 | 681 |
| Total equity | 16,212 | 15,690 |
| Total liabilities and equity | $ 27,587 | $ 26,209 |
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.