Diamondback Energy Revenue, Profits - FANG Quarterly Income Statement

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$126.12 $1.49 (1.2%) FANG stock closing price Oct 12, 2018 (Closing)

Looking at financial statements, along with the Diamondback Energy stock price, it's management, its economic moat, and industry competitors forms an important part of fundamental analysis. In the income statement, an investor can check for important parameters like the topline or sales, the bottomline or profits, the basic EPS, dividends etc. The income statement is always for an accounting period, typically for a year or quarter, and affects the stock. In this case, the FANG stock is bound to reflect the impact of the QOQ growth of 9.59%. The operating expenses as shown in the Diamondback Energy profit and loss statement for 2018 Q2 total to $177.9M. This line item shows that the operating expenses has increased compared with last year. Also check: Diamondback Energy assets and Diamondback Energy free cash flow.

View and download details of revenue and profits for Diamondback Energy for latest & last 40 quarters.
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Quarterly
Annual
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Fiscal year is Jan - Dec2018 Q22018 Q12017 Q42017 Q32017 Q22017 Q12016 Q42016 Q32016 Q2
Diamondback Energy Revenues or Net Sales
526.27M480.2M399.19M301.25M269.43M235.23M185.01M142.13M112.48M
Cost Of Goods Sold (COGS)67.06M52.81M45.43M40.41M33.83M30.09M26.9M25.02M21.1M
Diamondback Energy Gross Profit
459.21M427.37M353.78M260.83M235.6M205.13M158.14M117.1M91.37M
Research & Development Expense---------
Selling General & Admin Expense48.04M44.51M35.04M30.61M28.12M29.79M19.73M65.66M186.28M
Income Before Depreciation Depletion Amortization411.17M382.86M318.75M230.21M207.48M175.33M138.41M51.43M-94.91M
Depreciation Depletion Amortization129.86M115.21M105.09M87.57M75.17M58.92M51.34M44.74M39.87M
Non Operating Income30.35M-28.71M-84.89M-50.64M41.64M26.62M-58.82M-7.29M-21.96M
Interest Expense17.09M13.7M23.12M9.19M8.24M----
Diamondback Energy Pretax Income
294.55M225.23M105.65M82.8M165.7M143.03M28.26M-0.6M-156.75M
Provision for Income Taxes-6.6M47.08M-23.93M-1.57M1.95M-0.17M--
MinorityInterest---------
Investment Gains Losses---------
Other Income---------
Income Before Extraordinaries & Disc Operations219.15M162.81M114.56M73.02M158.41M136.27M25.6M-2.23M-155.49M
Extraordinary Items & Discontinued Operations---------
Diamondback Energy Profit/ Loss (Net Income)
219.15M162.81M114.56M73.02M158.41M136.27M25.6M-2.23M-155.49M
Average Shares used to compute Diluted EPS98.8M98.77M98.37M98.37M98.35M93.36M80.51M77.17M71.72M
Average Shares used to compute Basic EPS98.61M98.56M98.17M98.14M98.14M93.16M80.32M77.17M71.72M
Income Before Nonrecurring Items157.98M162.13M153.49M131.07M137.42M97.45M72.37M41.7M18.91M
Income from Nonrecurring Items61.16M--38.94M-58.04M20.99M38.83M-46.77M-43.93M-174.4M
Diamondback Energy Earnings Per Share Basic Net
2.221.651.170.741.611.460.32-0.03-2.17
Diamondback Energy Earnings Per Share Diluted Net
2.221.651.160.741.611.460.32-0.03-2.17
EPS Diluted Before Nonrecurring Items1.591.641.561.331.401.040.900.540.26
Preferred Dividends Acc Pd---------
Dividends Common12.330.000.00------
Dividend Per Share Common0.130.000.000.000.000.000.000.000.00
All figures in USD. M: Millions of USD, B: Billions of USD.
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Before investing one should read a report on Diamondback Energy stock analysis. It helps to look at the following income statement items:

  • Revenue: The money received by selling of goods or services comes under this line item. A QoQ growth - See: Diamondback Energy revenue chart, implies that the company is growing. It has been the case with Diamondback Energy. One must look at stocks with increasing revenues, and stay away from stocks whose revenues or sales are declining.
  • Bottom line: Most businesses like Diamondback Energy try to grow their profits by growing their topline and by increasing their operating efficiency. A healthy bottom line growth implies a good investment.

The income statement is also called statement of revenue and expense. The FANG financials along with Diamondback Energy historical stock prices provide a lot of details about the firm.

Diamondback Energy Income Statement - Key Financial Ratios

PE Ratio (price earnings ratio)
21.86
PS Ratio (price sales ratio)
7.29
Dividend Yield
0.1%