Diamondback Energy Past Earnings Performance
Past criteria checks 2/6
Diamondback Energy has been growing earnings at an average annual rate of 41.7%, while the Oil and Gas industry saw earnings growing at 37.1% annually. Revenues have been growing at an average rate of 27.5% per year. Diamondback Energy's return on equity is 19.1%, and it has net margins of 39.2%.
Key information
41.7%
Earnings growth rate
37.6%
EPS growth rate
| Oil and Gas Industry Growth | 33.7% |
| Revenue growth rate | 27.5% |
| Return on equity | 19.1% |
| Net Margin | 39.2% |
| Next Earnings Update | 30 Apr 2024 |
Recent past performance updates
Recent updates
Diamondback Energy: Oil Outlook Improving, But Valuation Is Stretched, And Merger May Fail
Apr 25Diamondback Energy: The Perfect Oil Stock For A $90+ Oil World
Apr 01Diamondback Energy Is Prepared To Perform In A Flat-To-Down Market
Feb 27Diamondback Acquires Endeavor In $26 Billion Permian Oil Deal, With Read-Through For Vital Energy
Feb 20Returns At Diamondback Energy (NASDAQ:FANG) Are On The Way Up
Feb 13
Diamondback Energy: Free Cash Flow Growth Accelerates Again
Feb 12Is Diamondback Energy, Inc. (NASDAQ:FANG) Trading At A 24% Discount?
Jan 29Diamondback Energy: Compelling Capital Returns And Moderately Undervalued
Jan 11Insufficient Growth At Diamondback Energy, Inc. (NASDAQ:FANG) Hampers Share Price
Dec 29Diamondback Energy's (NASDAQ:FANG) Returns On Capital Are Heading Higher
Nov 08Diamondback Energy (NASDAQ:FANG) Seems To Use Debt Quite Sensibly
Oct 23Estimating The Intrinsic Value Of Diamondback Energy, Inc. (NASDAQ:FANG)
Sep 15Diamondback Energy (NASDAQ:FANG) Has A Pretty Healthy Balance Sheet
Jun 26Do Diamondback Energy's (NASDAQ:FANG) Earnings Warrant Your Attention?
Jun 11A Look At The Fair Value Of Diamondback Energy, Inc. (NASDAQ:FANG)
Apr 16We Think Diamondback Energy (NASDAQ:FANG) Can Stay On Top Of Its Debt
Mar 16Does Diamondback Energy (NASDAQ:FANG) Deserve A Spot On Your Watchlist?
Mar 01A Look At The Intrinsic Value Of Diamondback Energy, Inc. (NASDAQ:FANG)
Dec 20Diamondback Energy (NASDAQ:FANG) Seems To Use Debt Quite Sensibly
Dec 02Diamondback Energy: Sell Its Recent Surge And Come Back Later
Oct 14Diamondback Energy: Ready For Whatever Happens
Oct 02Diamondback Energy: Your FANG For The Next Decade?
Sep 11Diamondback Energy: Slipping Along With Oil Prices
Sep 01We Think Diamondback Energy (NASDAQ:FANG) Can Stay On Top Of Its Debt
Aug 23Diamondback Energy: No Snake Eyes Here
Jul 31An Intrinsic Calculation For Diamondback Energy, Inc. (NASDAQ:FANG) Suggests It's 30% Undervalued
Jul 27Diamondback Energy: Potential Income From 2020 Acquisitions Realized
Jun 29Diamondback Energy: Profiting Off High Oil Prices But Still Remarkably Undervalued
May 26Revenue & Expenses BreakdownBeta
How Diamondback Energy makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 31 Dec 23 | 7,959 | 3,121 | 150 | 0 |
| 30 Sep 23 | 7,744 | 3,165 | 146 | 0 |
| 30 Jun 23 | 7,820 | 3,429 | 146 | 0 |
| 31 Mar 23 | 8,624 | 4,278 | 148 | 0 |
| 31 Dec 22 | 9,083 | 4,344 | 144 | 0 |
| 30 Sep 22 | 9,081 | 4,338 | 156 | 0 |
| 30 Jun 22 | 8,422 | 3,809 | 160 | 0 |
| 31 Mar 22 | 7,584 | 2,718 | 157 | 0 |
| 31 Dec 21 | 6,747 | 2,162 | 146 | 0 |
| 30 Sep 21 | 5,220 | 430 | 123 | 0 |
| 30 Jun 21 | 4,145 | -1,326 | 105 | 0 |
| 31 Mar 21 | 2,852 | -4,027 | 89 | 0 |
| 31 Dec 20 | 2,756 | -4,519 | 88 | 0 |
| 30 Sep 20 | 2,992 | -4,265 | 100 | 0 |
| 30 Jun 20 | 3,236 | -2,784 | 99 | 0 |
| 31 Mar 20 | 3,802 | -42 | 101 | 0 |
| 31 Dec 19 | 3,951 | 240 | 104 | 0 |
| 30 Sep 19 | 3,317 | 1,034 | 88 | 0 |
| 30 Jun 19 | 2,897 | 823 | 83 | 0 |
| 31 Mar 19 | 2,426 | 693 | 76 | 0 |
| 31 Dec 18 | 2,164 | 846 | 65 | 0 |
| 30 Sep 18 | 1,850 | 654 | 56 | 0 |
| 30 Jun 18 | 1,644 | 570 | 54 | 0 |
| 31 Mar 18 | 1,414 | 509 | 51 | 0 |
| 31 Dec 17 | 1,193 | 482 | 48 | 0 |
| 30 Sep 17 | 988 | 393 | 48 | 0 |
| 30 Jun 17 | 830 | 318 | 46 | 0 |
| 31 Mar 17 | 673 | 4 | 43 | 0 |
| 31 Dec 16 | 527 | -165 | 43 | 0 |
| 30 Sep 16 | 456 | -378 | 41 | 0 |
| 30 Jun 16 | 426 | -533 | 39 | 0 |
| 31 Mar 16 | 433 | -589 | 37 | 0 |
| 31 Dec 15 | 447 | -551 | 32 | 0 |
| 30 Sep 15 | 464 | -265 | 30 | 0 |
| 30 Jun 15 | 491 | -64 | 29 | 0 |
| 31 Mar 15 | 499 | 176 | 25 | 0 |
| 31 Dec 14 | 496 | 194 | 21 | 0 |
| 30 Sep 14 | 440 | 115 | 19 | 0 |
| 30 Jun 14 | 359 | 86 | 14 | 0 |
| 31 Mar 14 | 277 | 73 | 13 | 0 |
| 31 Dec 13 | 208 | 55 | 11 | 0 |
| 30 Sep 13 | 158 | 31 | 10 | 0 |
| 30 Jun 13 | 117 | 17 | 10 | 0 |
Quality Earnings: FANG has high quality earnings.
Growing Profit Margin: FANG's current net profit margins (39.2%) are lower than last year (47.8%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: FANG's earnings have grown significantly by 41.7% per year over the past 5 years.
Accelerating Growth: FANG's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: FANG had negative earnings growth (-28.2%) over the past year, making it difficult to compare to the Oil and Gas industry average (-20.8%).
Return on Equity
High ROE: FANG's Return on Equity (19.1%) is considered low.