Diamondback Energy (FANG) revenue breakdown
By segment, Upstream is the largest at 99% of fiscal 2023 revenue, growing 38% a year over 6 years.
By product, Total oil, natural gas and natural gas liquid revenues is the largest at 91% of fiscal 2024 revenue; Natural gas liquid sales grew fastest, 38% a year over 5 years.
Revenue by segment
Fiscal years, as Diamondback Energy reports them in its 10-K filings; fiscal 2023 total $8.4B.
| Segments | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | Share |
|---|---|---|---|---|---|---|---|---|
| Upstream | $1.2B | $2.1B | $3.9B | $2.8B | $6.7B | $9.6B | $8.3B | 99% |
| All Other | $7M | $184M | $448M | $424M | $50M | $71M | $68M | 1% |
Revenue by product
Fiscal years, as Diamondback Energy reports them in its 10-K filings; fiscal 2024 total $11.0B.
| Products | 2016 | 2018 | 2019 | 2020 | 2021 | 2022 | 2024 | Share |
|---|---|---|---|---|---|---|---|---|
| Total oil, natural gas and natural gas liquid revenues | — | — | — | — | — | — | $10.1B | 91% |
| Natural gas liquid sales | — | $190M | $267M | $239M | $782M | $1.0B | $944M | 9% |
| Oil sales | — | $1.9B | $3.6B | $2.4B | $5.4B | $7.7B | — | — |
| Natural gas sales | — | $61M | $66M | $107M | $569M | $858M | — | — |
| Oil Exploration and Production | $471M | — | — | — | — | — | — | — |
| Natural Gas Liquids Production | $34M | — | — | — | — | — | — | — |
| Natural Gas, Production | $23M | — | — | — | — | — | — | — |
Revenue by region
Fiscal years, as Diamondback Energy reports them in its 10-K filings; fiscal 2022 total $9.6B.
| Regions | 2019 | 2020 | 2021 | 2022 | Share |
|---|---|---|---|---|---|
| Midland Basin | $2.3B | $1.6B | $4.3B | $6.8B | 71% |
| Delaware Basin | $1.5B | $1.2B | $2.1B | $2.7B | 28% |
| Other | $68M | $8M | $332M | $17M | 0% |
Questions
Where does Diamondback Energy make its money?
In fiscal 2023, by segment: Upstream $8.3B, All Other $68M.
From Diamondback Energy's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.