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

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

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.