Diamondback Energy

Energy & Utilities exploration natural gas oil & gas

Diamondback Energy is an independent oil and natural gas company headquartered in Midland, TX. Diamondback’s growth strategy is focused on the acquisition, development, exploration and exploitation of unconventional, long-life, onshore oil and natural gas reserves in the major oil producing Permian Basin in West Texas. The Company’s operations are directed primarily at the large acreage areas of the Clearfork, Spraberry, Wolfcamp, Cline, Strawn and Atoka formations, collectively known as the Wolfberry Trend.

Revenue(Q1, 2017)

$235.2 M

Market capitalization(2017-09-21)

$9.6 B

Company Growth (employees)

Type

Public

Midland, US

Founded

2007

Size (employees)

158 (est)

Website

diamondbackenergy.com

Diamondback Energy was founded in 2007 and is headquartered in Midland, US

Diamondback Energy Office Locations

Diamondback Energy has an office in Midland

Midland, US (HQ)

1200 500 W Texas Ave

Diamondback Energy Data and Metrics

Diamondback Energy Financial Metrics

Diamondback Energy's revenue was reported to be $235.2 m in Q1, 2017

Summary

USD

Diamondback Energy's current market capitalization is $9.6 b.

Income Statement

Annual

USD	FY, 2013	FY, 2014	FY, 2015	FY, 2016
Revenue	208 m	495.7 m	446.7 m	527.1 m
Revenue growth, %		138%	(10%)	18%
Sales and marketing expense				82.4 m
General and administrative expense				42.6 m

Quarterly

USD	Q2, 2014	Q3, 2014	Q1, 2015	Q2, 2015	Q3, 2015	Q1, 2016	Q2, 2016	Q3, 2016	Q1, 2017
Revenue	127 m	139.1 m	101.4 m	119.1 m	111.9 m	87.5 m	112.5 m	142.1 m	235.2 m
Sales and marketing expense	10.4 m	13.8 m	22.5 m	20.5 m	22.2 m	18.2 m	18.7 m	22.2 m	26.6 m
General and administrative expense	3.6 m	6 m	7.8 m	7.2 m	6.9 m	13 m	9.5 m	9.9 m	13.7 m
Operating expense total	14 m	19.8 m	30.2 m	27.6 m	29.1 m	31.2 m	28.2 m	32.1 m	40.4 m

show all

Balance Sheet

Annual

USD	FY, 2013	FY, 2014	FY, 2015	FY, 2016
Cash	15.6 m	30.2 m	20.1 m	1.7 b
Accounts Receivable				102.1 m
Inventories	5.6 m	2.8 m	1.7 m	2 m
Current Assets	62 m	251.7 m	108.7 m	1.8 b

Quarterly

USD	Q1, 2015	Q2, 2015	Q3, 2015	Q1, 2016	Q2, 2016	Q3, 2016	Q1, 2017
Cash	31.6 m	44.7 m	43.8 m	235.8 m	218.8 m	167.3 m	37.4 m
Inventories	2.8 m	2.7 m	2.6 m	1.6 m	1.5 m	2 m	3 m
Current Assets	215.4 m	170.4 m	173.4 m	291.1 m	298 m	258.3 m	198.8 m
Total Assets	3.1 b	3.2 b	3 b	2.9 b	2.8 b	3.5 b	6.4 b

show all

Cash Flow

Annual

USD	FY, 2014	FY, 2015	FY, 2016
Net Income	196 m	(547.8 m)	(164.9 m)
Depreciation and Amortization	170 m	217.7 m	178 m
Accounts Receivable	(39 m)	9 m	(35 m)
Inventories	915 k	224 k	(255 k)

Quarterly

USD	Q2, 2014	Q3, 2014	Q1, 2015	Q2, 2015	Q3, 2015	Q1, 2016	Q2, 2016	Q3, 2016	Q1, 2017
Net Income	51.4 m	96.1 m	6.4 m	(204.9 m)	(361 m)	(35.6 m)	(192.7 m)	(193.3 m)	141.1 m
Depreciation and Amortization	40 m	45.4 m	59.7 m	57.1 m	52.4 m	42.1 m	81.9 m	126.7 m	58.9 m
Accounts Receivable	(18.6 m)	(34 m)	7 m	9.1 m	13.1 m	23.4 m	2.4 m	(7.6 m)	(20.1 m)
Inventories	977 k	915 k	(20 k)	169 k	225 k	137 k	234 k	(241 k)	(1 m)