FINHUB Insights

FANG · Q4 FY24 · Oct 1 – Dec 31, 2024

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

Diamondback Energy Q4 FY24: revenue $3.7B (+67% year over year). Net profit $1.4B. Largest cohort Oil Exploration and Production $3B. The whole income statement as a sankey diagram from the SEC filing.

Period
Oct 1 – Dec 31, 2024
Reported
Feb 26, 2025 10-K
Sankey diagram of Diamondback Energy's income statement for Q4 FY24: revenue of $3.7 billion splits into segments and flows out into costs, taxes and net profit.

Tap the diagram to enlarge · figures in billions of dollars

Revenue$3.7B +67% year over year
Gross profit$2.6B 71% margin
Operating profit$1.4B 38% margin
Net profit$1.4B 39% margin

The numbers

All figures in billions of U.S. dollars, for Q4 FY24 (period ends Dec 31, 2024).
ItemValueShare of revenueYear over year
Revenue 3.7 100% +67%
Oil Exploration and Production 3 81%
Natural Gas Liquids Production 0.4 11%
Oil Purchased 0.2 5%
Natural Gas Production 0.1 3% −22%
Cost of revenue−1.130%
Gross profit2.671% margin−6pp
SG&A−0.12%+0pp
Other−1.131%+0pp
Operating profit1.438% margin−16pp
Tax−0.1
Net profit1.439%−13pp
Filing on EDGAR More quarters of FANG

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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