Stock Analysis on Net
Stock Analysis on Net

Diamondback Energy Inc. (NASDAQ:FANG)

This company has been moved to the archive! The financial data has not been updated since November 8, 2022.

Analysis of Revenues

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Revenues as Reported

Diamondback Energy Inc., income statement, revenues

US$ in millions

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12 months ended: Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Midland Basin 4,288 1,587 2,325 1,528 —
Delaware Basin 2,127 1,161 1,494 577 —
Other 332 8 68 25 —
Revenue from contracts with customers 6,747 2,756 3,887 2,130 —

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).

Item Description The company
Revenue from contracts with customers Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss). Diamondback Energy Inc. revenue from contracts with customers decreased from 2019 to 2020 but then increased from 2020 to 2021 exceeding 2019 level.