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

- Company: Diamondback Energy, Inc. (FANG)
- Period: 2024-01-01 to 2024-12-31
- Filing: FY2024 10-K, filed 2025-02-26, accession number 0001539838-25-000021
- Page: https://plicit.ai/financials/fang/fy2024-annual-income-statement
- Chart image: https://plicit.ai/charts/fang-fy2024-annual-income-statement-sankey.png

## Chart details: Revenue by Product and Service

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.