Diamondback Energy, Inc. (FANG) FY2024 Annual P&L / Income Statement

Diamondback Energy, Inc. (FANG) FY2024 Annual P&L / Income Statement

Income statement for 2024-01-01 through 2024-12-31. View: Revenue categories. Revenue uses this breakdown; costs and expenses retain the consolidated categories.

Total revenues

11,066,000,000 US dollars

Cost of revenue (calculated)

1,277,000,000 US dollars

Gross profit (calculated)

9,789,000,000 US dollars

Operating expenses (calculated)

5,393,000,000 US dollars

Income (loss) from operations

4,396,000,000 US dollars

Total other income (expense), net

105,000,000 US dollars

Income (loss) before income taxes

4,501,000,000 US dollars

Provision for (benefit from) income taxes

800,000,000 US dollars

Net income (loss)

3,701,000,000 US dollars

Other operating income

43,000,000 US dollars

Natural gas liquid sales

944,000,000 US dollars

Oil sales

9,067,000,000 US dollars

Sales of purchased oil

923,000,000 US dollars

Natural gas sales

89,000,000 US dollars

Cost of goods and services sold

1,277,000,000 US dollars

General and administrative expenses

213,000,000 US dollars

Lease operating expenses

1,286,000,000 US dollars

Production and ad valorem taxes

638,000,000 US dollars

Other operating expenses

103,000,000 US dollars

Merger and integration expenses

303,000,000 US dollars

Depreciation, depletion, amortization and accretion

2,850,000,000 US dollars

Chart connections

• Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income.
• Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit equals net income.
• Of which attributable to Diamondback Energy, Inc.: $3.34 B; to noncontrolling interests: $363.00 M.