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About the company
Diamondback Energy, Inc. is an independent oil and natural gas company focused on the acquisition, development, exploration and exploitation of unconventional, onshore oil and natural gas reserves primarily in the Permian Basin in West Texas. The Company's activities are primarily focused on horizontal development of the Spraberry and Wolfcamp formations of the Midland Basin and the Wolfcamp and Bone Spring formations of the Delaware Basin, both of which are part of the larger Permian Basin in West Texas and New Mexico. Its total acreage position in the Permian Basin includes approximately 607,877 gross (493,769 net) acres, which consists primarily of 428,324 gross (349,707 net) acres in the Midland Basin and 174,828 gross (143,742 net) acres in the Delaware Basin. The Company is also engaged in midstream gathering, compression, water handling, disposal and treatment operations. Its subsidiary Viper Energy, Inc., also owns mineral interests in the Permian Basin.
- Revenue in USD (TTM)9.28bn
- Net income in USD3.46bn
- Incorporated2011
- Employees1.02k
- LocationDiamondback Energy IncSUITE 1210, 500 WEST TEXASMIDLAND 79701United StatesUSA
- Phone+1 (405) 463-6900
- Fax+1 (302) 636-5454
- Websitehttps://ir.diamondbackenergy.com/
Mergers & acquisitions
| Acquired company | FANG:NSQ since announced | Transaction value |
|---|---|---|
| Endeavor Energy Resources LP | 19.96% | 25.79bn |
Peer analysis
- Key Information
- Stock Performance
- Per Share Data
- Efficiency
- Management Effectiveness
- Profitability
- Financial Strength
- Growth Rates
| Company | Revenue (TTM) | Net income (TTM) | Market cap | Employees | Price/earnings (TTM) | Price/book value (MRQ) | Price/cash flow (TTM) | Price/sales (TTM) | EPS (excl. extraordinary items, TTM) | EPS (incl. extraordinary items, TTM) | Revenue per share (TTM) | Book value per share (MRQ) | Asset turnover (TTM) | Inventory turnover (TTM) | Receivables turnover (TTM) | Revenues per employee (TTM) | Return on avg assets (TTM) | Return on avg assets (5 yr avg) | Return on investment (TTM) | Return on investment (5 yr avg) | Gross margin (TTM) | Gross margin (5 yr avg) | Net profit margin (TTM) | Net Profit margin (5 yr avg) | Quick ratio (MRQ) | Interest coverage (TTM) | Total debt to capital (MRQ) | Payout ratio (5 yr avg) | Revenue (YOY change %) | Revenue (5 yr growth rate) | Net income (YOY change %) | Net income (5 yr growth rate) | Capital expenditure (5 yr growth rate) | Dividend (5 yr growth rate) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Coterra Energy Inc | 5.66bn | 1.31bn | 17.17bn | 894.00 | 13.40 | 1.32 | 5.62 | 3.04 | 1.73 | 1.73 | 7.50 | 17.62 | 0.2783 | 19.25 | 8.03 | 6,326,622.00 | 6.45 | 12.59 | 6.89 | 13.50 | 81.28 | 80.75 | 23.18 | 35.22 | 1.38 | 192.33 | 0.1693 | 51.45 | -34.66 | 22.00 | -60.07 | 24.31 | 18.60 | 36.16 |
| EQT Corp | 5.59bn | 696.32m | 19.92bn | 881.00 | 21.34 | 0.9794 | 7.67 | 3.56 | 1.57 | 1.57 | 12.76 | 34.23 | 0.2433 | -- | 8.62 | 6,349,468.00 | 3.02 | 0.1857 | 3.30 | 0.2152 | 43.98 | -- | 12.41 | 0.7756 | -- | 3.41 | 0.2467 | 257.05 | -7.85 | 8.68 | -2.02 | -- | -7.61 | 38.32 |
| Texas Pacific Land Corp | 671.10m | 447.69m | 20.26bn | 100.00 | 45.35 | 16.80 | 43.75 | 30.20 | 19.44 | 19.44 | 29.15 | 52.49 | 0.5793 | -- | 5.60 | 6,711,000.00 | 38.64 | 45.77 | 40.24 | 48.13 | 93.64 | 96.10 | 66.71 | 63.58 | -- | -- | 0.00 | 42.12 | -5.37 | 16.04 | -9.12 | 14.10 | -5.86 | 63.45 |
| Devon Energy Corp | 15.49bn | 3.50bn | 25.28bn | 1.90k | 7.32 | 2.02 | 3.99 | 1.63 | 5.51 | 5.51 | 24.42 | 19.99 | 0.6387 | 32.89 | 10.18 | 8,154,737.00 | 14.61 | 11.09 | 16.67 | 12.92 | 51.28 | 48.98 | 22.88 | 17.39 | 1.03 | 15.40 | 0.3374 | 70.95 | -20.40 | 11.39 | -37.11 | 46.99 | 12.70 | 57.09 |
| Diamondback Energy Inc | 9.28bn | 3.46bn | 31.78bn | 1.02k | 9.21 | 1.82 | 5.70 | 3.42 | 19.35 | 19.35 | 51.94 | 97.81 | 0.2935 | 38.15 | 12.23 | 9,069,404.00 | 11.73 | 4.88 | 12.96 | 5.46 | 75.12 | 79.80 | 39.95 | 17.83 | 3.64 | 34.54 | 0.3927 | 70.81 | -12.77 | 31.05 | -28.15 | 29.84 | 6.24 | 84.38 |
| Hess Corp | 12.32bn | 2.65bn | 40.48bn | 1.76k | 15.29 | 3.86 | 7.73 | 3.29 | 8.59 | 8.59 | 40.01 | 34.04 | 0.513 | 9.33 | 12.42 | 7,017,085.00 | 12.59 | 1.89 | 14.65 | 2.24 | 75.02 | 71.05 | 24.53 | 4.93 | 1.14 | 9.52 | 0.4458 | 362.78 | -7.18 | 10.70 | -34.06 | -- | 14.39 | 11.84 |
| Valero Energy Corporation | 140.07bn | 5.93bn | 43.78bn | 9.89k | 7.80 | 1.72 | 4.92 | 0.3126 | 17.53 | 17.53 | 418.42 | 79.41 | 2.25 | 17.48 | 11.66 | 14,168,220.00 | 9.88 | 8.53 | 14.26 | 11.76 | 6.47 | 6.04 | 4.38 | 3.94 | 1.04 | 25.58 | 0.2755 | 34.71 | -17.93 | 4.35 | -23.31 | 23.26 | -12.26 | 4.98 |
| Holder | Shares | % Held |
|---|---|---|
| The Vanguard Group, Inc.as of 30 Jun 2024 | 21.31m | 11.95% |
| SSgA Funds Management, Inc.as of 30 Jun 2024 | 11.71m | 6.56% |
| BlackRock Fund Advisorsas of 30 Jun 2024 | 10.45m | 5.86% |
| T. Rowe Price Associates, Inc. (Investment Management)as of 30 Jun 2024 | 7.82m | 4.39% |
| Wellington Management Co. LLPas of 30 Jun 2024 | 4.97m | 2.79% |
| Geode Capital Management LLCas of 30 Jun 2024 | 4.35m | 2.44% |
| Fidelity Management & Research Co. LLCas of 30 Jun 2024 | 4.30m | 2.41% |
| JPMorgan Investment Management, Inc.as of 30 Jun 2024 | 3.61m | 2.03% |
| Boston Partners Global Investors, Inc.as of 30 Jun 2024 | 3.43m | 1.92% |
| Massachusetts Financial Services Co.as of 30 Jun 2024 | 2.69m | 1.51% |
