# Diamondback Energy, Inc. (FANG) FY2024 Q3 P&L / Income Statement

- Company: Diamondback Energy, Inc. (FANG)
- Period: 2024-07-01 to 2024-09-30
- Filing: Q3 FY2024 10-Q, filed 2024-11-07, accession number 0001539838-24-000198
- Page: https://plicit.ai/financials/fang/fy2024-q3-income-statement
- Chart image: https://plicit.ai/charts/fang-fy2024-q3-income-statement-sankey.png

## Chart details: Revenue by Product and Service

Income statement for 2024-07-01 through 2024-09-30. View: Revenue categories. Revenue uses this breakdown; costs and expenses retain the consolidated categories.

- **Total revenues**: 2,645,000,000 US dollars
- **Cost of revenue (calculated)**: 382,000,000 US dollars
- **Gross profit (calculated)**: 2,263,000,000 US dollars
- **Operating expenses (calculated)**: 1,553,000,000 US dollars
- **Income (loss) from operations**: 710,000,000 US dollars
- **Total other income (expense), net**: 208,000,000 US dollars
- **Income (loss) before income taxes**: 918,000,000 US dollars
- **Provision for (benefit from) income taxes**: 210,000,000 US dollars
- **Net income (loss)**: 708,000,000 US dollars
- **Natural gas liquid sales**: 211,000,000 US dollars
- **Oil sales**: 2,160,000,000 US dollars
- **Purchased oil**: 282,000,000 US dollars
- **Other operating income**: 9,000,000 US dollars
- **Cost of goods and services sold**: 382,000,000 US dollars
- **General and administrative expenses**: 49,000,000 US dollars
- **Production and ad valorem taxes**: 153,000,000 US dollars
- **Depreciation, depletion, amortization and accretion**: 742,000,000 US dollars
- **Other operating expenses**: 35,000,000 US dollars
- **Merger and integration expenses**: 258,000,000 US dollars
- **Lease operating expenses**: 316,000,000 US dollars
- **Revenue before reconciliation (calculated)**: 2,662,000,000 US dollars. Sum of the reported revenue categories before the separately reported reconciliation.
- **Natural gas sales**: negative 17,000,000 US dollars. Reported reconciliation to consolidated revenue.

### 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.
- Reported revenue categories plus the separately reported signed reconciliation equals consolidated revenue.
- Of which attributable to Diamondback Energy, Inc.: $659.00 M; to noncontrolling interests: $49.00 M.

## Chart details: Revenue by Business Segment

- Page: https://plicit.ai/financials/fang/fy2024-q3-income-statement/revenue-by-business-segment
- Chart image: https://plicit.ai/charts/fang-fy2024-q3-revenue-by-business-segment-sankey.png

Income statement for 2024-07-01 through 2024-09-30. View: Business segment. Revenue uses this breakdown; costs and expenses retain the consolidated categories.

- **Total revenues**: 2,645,000,000 US dollars
- **Cost of revenue (calculated)**: 382,000,000 US dollars
- **Gross profit (calculated)**: 2,263,000,000 US dollars
- **Operating expenses (calculated)**: 1,553,000,000 US dollars
- **Income (loss) from operations**: 710,000,000 US dollars
- **Total other income (expense), net**: 208,000,000 US dollars
- **Income (loss) before income taxes**: 918,000,000 US dollars
- **Provision for (benefit from) income taxes**: 210,000,000 US dollars
- **Net income (loss)**: 708,000,000 US dollars
- **Upstream**: 2,636,000,000 US dollars
- **All Other**: 9,000,000 US dollars
- **Cost of goods and services sold**: 382,000,000 US dollars
- **General and administrative expenses**: 49,000,000 US dollars
- **Production and ad valorem taxes**: 153,000,000 US dollars
- **Depreciation, depletion, amortization and accretion**: 742,000,000 US dollars
- **Other operating expenses**: 35,000,000 US dollars
- **Merger and integration expenses**: 258,000,000 US dollars
- **Lease operating expenses**: 316,000,000 US dollars
- **Upstream costs (calculated)**: 1,927,000,000 US dollars. Segment revenue less segment operating income; it includes cost of revenue and operating expenses.
- **All Other costs (calculated)**: 10,000,000 US dollars. Segment revenue less segment operating income; it includes cost of revenue and operating expenses.
- **Reconciling items (calculated)**: negative 2,000,000 US dollars. Segment revenue less segment operating income; it includes cost of revenue and operating expenses.

### 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.: $659.00 M; to noncontrolling interests: $49.00 M.