FINHUB Insights

Diamondback Energy Q4 FY24: where the revenue came from and where it went

The whole income statement of Diamondback Energy for this quarter, as one diagram: what earned the revenue, and what it went on.

Period
Oct 1 – Dec 31, 2024
Reported
Feb 26, 2025 10-K accession 0001539838-25-000021

Revenue$3.71B +67% year over year
Gross profit$2.64B 71% margin
Operating profit$1.41B 38% margin
Net profit$1.44B 39% margin

Net profit is larger than what operations earned, because the statement adds $0.14B below it, under Other income, net.

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The numbers

All figures in billions of U.S. dollars, for Q4 FY24 (period ends Dec 31, 2024).
ItemValueShare of revenueYear over year
Revenue 3.71 100% +67%
Exploration & production 3.04 82%
Liquids production 0.38 10%
Oil purchased 0.23 6%
Natural gas production 0.05 2%
Cost of revenue−1.0729%
Gross profit2.6471% margin−6pp
SG&A−0.072%+0pp
Other−1.1631%+0pp
Operating profit1.4138% margin−16pp
Other income, net0.14
Tax−0.12
Net profit1.44 39% margin−13pp

Figures are rounded to the precision shown, so a column can differ slightly from its own total.

Source of the numbers: structured XBRL data from the filing (10-K). The diagram is generated automatically and checked against EDGAR before release. The fourth quarter has no column of its own in an annual report, so it is the full year minus the first nine months. How we calculate it → About and methodology.

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