Diamondback Energy Inc Stock Research

Market Summary

USD128.56+3.14

Market Closed

2.50%

FANG Stock Price

FANG RSI Chart

FANG Valuation

Market Cap

23.1B

Price/Earnings (Trailing)

5.27

Price/Sales (Trailing)

2.4

EV/EBITDA

3.92

Price/Free Cashflow

3.66

FANG Price/Sales (Trailing)

FANG Profitability

EBT Margin

59.48%

Return on Equity

29.22%

Return on Assets

16.73%

Free Cashflow Yield

27.36%

FANG Fundamentals

FANG Revenue

Revenue (TTM)

9.6B

Revenue Y/Y

0.4%

Revenue Q/Q

-16.7%

FANG Earnings

Earnings (TTM)

4.4B

Earnings Y/Y

0.5%

Earnings Q/Q

-14.95%

Price Action

52 Week Range

103.71168.95

(Low)(High)

Last 7 days

2.4%

Last 30 days

-9.7%

Last 90 days

-6.6%

Trailing 12 Months

-6.8%

FANG Financial Health

Current Ratio

0.81

Debt/Equity

0.36

Debt/Cashflow

1.18

FANG Investor Care

Dividend Yield

8.8%

Dividend/Share (TTM)

11.31

Shares Dilution (1Y)

1.29%

Diluted EPS (TTM)

24.61

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	63.2B	25.7B	-5.15%	-8.91%	8.14	2.46	37.87%	66.36%
OXY	60.4B	37.1B	1.43%	2.50%	4.68	1.64	40.97%	472.95%
DVN	49.8B	19.8B	-11.00%	-16.79%	9.45	2.71	44.20%	113.83%
PXD	46.5B	24.4B	-1.09%	-22.21%	5.92	1.91	36.45%	270.40%
FANG	23.1B	9.6B	-9.71%	-6.79%	5.27	2.4	41.87%	101.01%
APA	14.4B	11.9B	-9.79%	-13.75%	4.67	1.31	50.58%	232.96%
MID-CAP
OVV	8.6B	14.3B	-23.11%	-36.18%	2.37	0.6	36.25%	156.85%
RRC	5.9B	5.3B	-12.67%	-21.68%	5	1.11	49.01%	187.38%
MTDR	5.6B	3.2B	-14.97%	-16.65%	4.59	1.74	71.67%	107.57%
OAS	4.4B	3.6B	-33.88%	7.97%	4.99	1.94	130.82%	480.77%
KOS	3.1B	2.2B	-8.73%	-1.71%	13.88	1.4	68.57%	391.06%
CRK	2.9B	3.6B	-15.46%	-16.38%	2.5	0.79	96.03%	571.98%
CPE	2.0B	3.2B	-15.68%	-48.14%	1.64	0.62	60.18%	231.32%
SMALL-CAP
PARR	1.7B	7.3B	3.03%	131.66%	4.67	0.23	55.45%	547.97%
LPI	805.4M	1.9B	-8.19%	-35.44%	1.28	0.42	37.78%	335.50%

Financials for Diamondback Energy

* denotes actual numbers (not divided by Millions)
Income Statement (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Revenue	0.1%	9,643	9,635	9,108	8,021	6,797
S&GA Expenses	-7.7%	144	156	160	157	146
Costs and Expenses	2.1%	3,135	3,072	2,995	2,931	2,796
EBITDA	12.9%	7,215	6,388	5,157	4,381	-
EBITDA Margin	6.7%	0.75*	0.70*	0.64*	0.64*	-
Earnings Before Taxes	-0.7%	5,736	5,777	5,084	3,643	2,907
EBT Margin	-0.8%	0.59*	0.60*	0.56*	0.45*	-
Interest Expenses	-30.4%	135	194	-	-	-
Net Income	-1.4%	4,386	4,450	3,915	2,782	2,182
Net Income Margin	-1.5%	0.45*	0.46*	0.42*	0.34*	-
Free Cahsflow	4.5%	6,325	6,051	5,325	4,572	-

* denotes actual numbers (not divided by Millions)
Balance Sheet					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Assets	9.9%	26,209	23,843	23,448	23,331	22,898
Current Assets	35.0%	1,392	1,031	1,201	1,347	1,446
Cash Equivalents	481.5%	157	27.00	43.00	149	654
Inventory	13.6%	67.00	59.00	65.00	62.00	62.00
Net PPE	8.5%	23,759	21,903	21,369	21,108	20,619
Liabilities	13.3%	10,519	9,285	9,058	9,479	9,653
Current Liabilities	2.3%	1,716	1,678	1,640	1,872	1,438
Long Term Debt	-1.0%	5,347	5,401	5,803	6,642	-
LT Debt, Current	0%	10.00	10.00	55.00	45.00	45.00
LT Debt, Non Current	16.7%	6,238	5,347	5,401	5,803	6,642
Shareholder's Equity	8.4%	15,009	13,843	14,390	13,852	12,088
Retained Earnings	310.8%	801	195	-458	-1,326	-1,998
Additional Paid-In Capital	4.2%	14,213	13,646	13,772	14,067	14,084
Accumulated Depreciation	2.5%	14,844	14,487	14,160	13,840	13,545
Shares Outstanding	2.4%	180	176	175	178	178
Minority Interest	-4.8%	681	715	1,074	1,109	1,157

Cashflow (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Cashflow From Operations	4.5%	6,325	6,051	5,325	4,572	3,944
Share Based Compensation	-1.8%	55.00	56.00	56.00	56.00	51.00
Cashflow From Investing	-53.6%	-3,330	-2,168	-1,873	-1,668	-1,539
Cashflow From Financing	20.2%	-3,503	-4,390	-3,789	-2,911	-1,841
Dividend Payments	24.3%	1,572	1,265	820	351	312
Buy Backs	-7.8%	1,098	1,191	741	450	431

Risks for FANG

What is the probability of a big loss on FANG?

88.5%

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

Returns for FANG

Cumulative Returns on FANG

18.5%

10-Year Cumulative Returns

9.8%

7-Year Cumulative Returns

3.3%

5-Year Cumulative Returns

82.1%

3-Year Cumulative Returns

What are the long-term rolling returns for FANG?

FIve years rolling returns for Diamondback Energy.

Annualized Returns

Which funds bought or sold FANG recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
2023-03-24	PALISADE CAPITAL MANAGEMENT, LP	added	7.06	392,784	2,213,780	0.06%
2023-03-23	MetLife Investment Management, LLC	reduced	-2.42	665,804	6,831,070	0.06%
2023-03-17	American Portfolios Advisors	added	48.47	137,164	425,407	0.02%
2023-03-15	B. Riley Wealth Advisors, Inc.	added	42.84	537,635	1,404,640	0.04%
2023-03-10	VICTORY CAPITAL MANAGEMENT INC	reduced	-22.27	-16,475,400	123,927,000	0.14%
2023-03-08	SHEETS SMITH WEALTH MANAGEMENT	unchanged	-	55,915	464,915	0.07%
2023-03-07	Nordwand Advisors, LLC	new	-	8,018,040	8,018,040	1.00%
2023-03-06	Rockefeller Capital Management L.P.	added	17.71	8,000,000	31,765,000	0.16%
2023-03-03	TIAA, FSB	new	-	231,705	231,705	-%
2023-03-02	OLIVER LAGORE VANVALIN INVESTMENT GROUP	added	0.96	1,327	14,327	0.01%

Latest Funds Activity

Are funds buying FANG calls or puts?

Calls

Puts

Are funds bullish or bearish(Calls - Puts)?

Net Call Options

No. of funds that own FANG

No. of Funds

Diamondback Energy News

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

FANG Fair Value

Diamondback Energy fair value in different scenarios

The table shows the Fair Value estimates for Diamondback Energy for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.

Fair Value	Very Pessimistic	Pessimistic	Base Case	Optimistic	Very Optimistic
Very Low Inflation	411.27 219.91%	529.52 311.89%	1039.18 708.32%	1732.27 1247.44%	2930.46 2179.45%
Current Inflation	377.96 194.00%	479.39 272.89%	918.02 614.08%	1505.88 1071.34%	2521.59 1861.41%
Very High Inflation	336.65 161.86%	418.42 225.47%	774.43 502.39%	1242.10 866.16%	2049.68 1494.34%

Historical Diamondback Energy Fair Value Estimates

Very Pessimistic Case

Pessimistic Case

Fair Value

Optimistic Case

Very Optimistic Case

Closing Stock Price

Recent SEC filings of Diamondback Energy

View All Filings

Date Filed	Form Type	Document
Mar 03, 2023	4	Insider Trading
Mar 03, 2023	4	Insider Trading
Mar 03, 2023	4	Insider Trading
Mar 03, 2023	4	Insider Trading
Mar 03, 2023	4	Insider Trading
Mar 01, 2023	SC 13D	13D - Major Acquisition
Feb 28, 2023	3	Insider Trading
Feb 23, 2023	10-K	Annual Report
Feb 21, 2023	8-K	Current Report
Feb 09, 2023	SC 13G/A	Major Ownership Report

Latest Insider Trading transactions for FANG

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
2023-03-01	Dick Teresa L.	acquired	-	-	23,222	cao, exec. vp, assist. sec.
2023-03-01	Stice Travis D.	acquired	-	-	91,051	chief executive officer
2023-03-01	Van't Hof Matthew Kaes	acquired	-	-	42,033	president & cfo
2023-03-01	Zmigrosky Matt	sold (taxes)	-1,156,690	140	-8,228	evp, chief legal and admin off
2023-03-01	Stice Travis D.	sold (taxes)	-5,187,680	140	-36,902	chief executive officer
2023-03-01	Dick Teresa L.	sold (taxes)	-1,530,490	140	-10,887	cao, exec. vp, assist. sec.
2023-03-01	Wesson Daniel N	sold (taxes)	-1,145,450	140	-8,148	exec. vp & coo
2023-03-01	Van't Hof Matthew Kaes	sold (taxes)	-2,426,130	140	-17,258	president & cfo
2023-03-01	Zmigrosky Matt	acquired	-	-	20,807	evp, chief legal and admin off
2023-03-01	Wesson Daniel N	acquired	-	-	21,668	exec. vp & coo

About Diamondback Energy

Travis D. Stice

www.diamondbackenergy.com

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

2022-12-31

Consolidated Statements of Operations and Comprehensive Income - USD ($) shares in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Revenues:
Revenues	$ 9,566,000,000	$ 6,747,000,000	$ 2,756,000,000
Other operating income	77,000,000	50,000,000	57,000,000
Total revenues	9,643,000,000	6,797,000,000	2,813,000,000
Costs and expenses:
Lease operating expenses	652,000,000	565,000,000	425,000,000
Production and ad valorem taxes	611,000,000	425,000,000	195,000,000
Gathering and transportation	258,000,000	212,000,000	140,000,000
Depreciation, depletion, amortization and accretion	1,344,000,000	1,275,000,000	1,311,000,000
Impairment of oil and natural gas properties	0	0	6,021,000,000
General and administrative expenses	144,000,000	146,000,000	88,000,000
Merger and integration expenses	14,000,000	78,000,000	0
Other operating expenses	112,000,000	95,000,000	109,000,000
Total costs and expenses	3,135,000,000	2,796,000,000	8,289,000,000
Income (loss) from operations	6,508,000,000	4,001,000,000	(5,476,000,000)
Other income (expense):
Interest expense, net	(159,000,000)	(199,000,000)	(197,000,000)
Other income (expense), net	(5,000,000)	(10,000,000)	(7,000,000)
Gain (loss) on derivative instruments, net:	(586,000,000)	(848,000,000)	(81,000,000)
Gain (loss) on sale of equity method investments	0	23,000,000	0
Gain (loss) on extinguishment of debt	(99,000,000)	(75,000,000)	(5,000,000)
Income (loss) from equity investments	77,000,000	15,000,000	(10,000,000)
Total other income (expense), net	(772,000,000)	(1,094,000,000)	(300,000,000)
Income (loss) before income taxes	5,736,000,000	2,907,000,000	(5,776,000,000)
Provision for (benefit from) income taxes	1,174,000,000	631,000,000	(1,104,000,000)
Net income (loss)	4,562,000,000	2,276,000,000	(4,672,000,000)
Net income (loss) attributable to non-controlling interest	176,000,000	94,000,000	(155,000,000)
Net income (loss) attributable to Diamondback Energy, Inc.	$ 4,386,000,000	$ 2,182,000,000	$ (4,517,000,000)
Earnings (loss) per common share:
Basic (in dollars per share)	$ 24.61	$ 12.24	$ (28.61)
Diluted (in dollars per share)	$ 24.61	$ 12.24	$ (28.61)
Weighted average common shares outstanding:
Basic (in shares)	176,539	176,643	157,976
Diluted (in shares)	176,539	176,643	157,976
Dividends declared per share (in dollars per share)	$ 11.3100	$ 1.9500	$ 1.5250
Comprehensive income (loss):
Net income (loss) attributable to Diamondback Energy, Inc.	$ 4,386,000,000	$ 2,182,000,000	$ (4,517,000,000)
Other comprehensive income (loss), net of tax:
Pension and postretirement benefit plans	(7,000,000)	0	0
Comprehensive income (loss) attributable to Diamondback Energy, Inc	4,379,000,000	2,182,000,000	(4,517,000,000)
Oil sales
Revenues:
Revenues	7,660,000,000	5,396,000,000	2,410,000,000
Natural gas sales
Revenues:
Revenues	858,000,000	569,000,000	107,000,000
Natural gas liquid sales
Revenues:
Revenues	$ 1,048,000,000	$ 782,000,000	$ 239,000,000

FANG Balance Sheet

2022-12-31

Consolidated Balance Sheets - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Current assets:
Cash and cash equivalents	$ 157	$ 654
Restricted cash	7	18
Accounts receivable:
Joint interest and other, net	104	72
Oil and natural gas sales, net	618	598
Inventories	67	62
Derivative instruments	132	13
Income tax receivable	284	1
Prepaid expenses and other current assets	23	28
Total current assets	1,392	1,446
Property and equipment:
Oil and natural gas properties, full cost method of accounting ($8,355 million and $8,496 million excluded from amortization at December 31, 2022 and December 31, 2021, respectively)	37,122	32,914
Other property, equipment and land	1,481	1,250
Accumulated depletion, depreciation, amortization and impairment	(14,844)	(13,545)
Property and equipment, net	23,759	20,619
Funds held in escrow	119	12
Equity method investments	566	613
Assets Held For Sale, Noncurrent	158
Assets held for sale		0
Derivative instruments	23	4
Deferred income taxes, net	64	40
Investment in real estate, net	86	88
Other assets	42	76
Total assets	26,209	22,898
Current liabilities:
Accounts payable - trade	127	36
Accrued capital expenditures	480	295
Current maturities of long-term debt	10	45
Other accrued liabilities	399	419
Revenues and royalties payable	619	452
Derivative instruments	47	174
Income taxes payable	34	17
Total current liabilities	1,716	1,438
Long-term debt	6,238	6,642
Derivative instruments	148	29
Asset retirement obligations	336	166
Deferred income taxes	2,069	1,338
Other long-term liabilities	12	40
Total liabilities	10,519	9,653
Commitments and contingencies (Note 15)
Stockholders’ equity:
Common stock, $0.01 par value; 400,000,000 shares authorized; 179,840,797 and 177,551,347 shares issued and outstanding at December 31, 2022 and December 31, 2021, respectively	2	2
Additional paid-in capital	14,213	14,084
Retained earnings (accumulated deficit)	801	(1,998)
Accumulated other comprehensive income (loss)	(7)	0
Total Diamondback Energy, Inc. stockholders’ equity	15,009	12,088
Non-controlling interest	681	1,157
Total equity	15,690	13,245
Total liabilities and equity	$ 26,209	$ 22,898