Analysis of Revenues
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- Common-Size Balance Sheet: Assets
- Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
- Common Stock Valuation Ratios
- Enterprise Value (EV)
- Capital Asset Pricing Model (CAPM)
- Dividend Discount Model (DDM)
- Selected Financial Data since 2012
- Operating Profit Margin since 2012
- Total Asset Turnover since 2012
- Price to Sales (P/S) since 2012
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Revenues as Reported
Diamondback Energy Inc., income statement, revenues
US$ in millions
| 12 months ended: | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Midland Basin | |||||||||||
| Delaware Basin | |||||||||||
| Other | |||||||||||
| Revenue from contracts with customers |
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).
- Overall Revenue Trend
- The total revenue from contracts with customers experienced significant fluctuations over the five-year period. There was a strong upward trend from 2018 to 2019, with revenue increasing from 2,130 million USD to 3,887 million USD. Following this peak, revenue declined in 2020 to 2,756 million USD, before rebounding sharply to 6,747 million USD in 2021, representing the highest value in the observed timeframe.
- Midland Basin Revenue
- Revenue from the Midland Basin showed notable growth from 2018 to 2019, rising from 1,528 million USD to 2,325 million USD. However, it decreased in 2020 to 1,587 million USD. The following year, 2021, saw a substantial increase to 4,288 million USD, nearly doubling the previous year's figure. This basin appears to be a major contributor to overall revenue growth in 2021.
- Delaware Basin Revenue
- The Delaware Basin revenue followed a pattern somewhat similar to the Midland Basin but with less volatility. It increased from 577 million USD in 2018 to 1,494 million USD in 2019, then declined to 1,161 million USD in 2020. In 2021, revenue rose again to 2,127 million USD, indicating a recovery and continued importance in the revenue mix.
- Other Revenue
- Revenue categorized as 'Other' remained relatively low and variable until 2021. Starting at 25 million USD in 2018, it increased to 68 million USD in 2019, then dropped sharply to 8 million USD in 2020. In 2021, it surged to 332 million USD, marking a significant rise compared to previous years, though it remains a smaller portion of total revenue.
- Insights
- The overall revenue trends reflect sensitivity to market or operational conditions, with notable dips in 2020 likely associated with external factors impacting the industry widely during that period. The dramatic recovery and growth in 2021 suggests effective strategic responses or favorable market conditions. The Midland Basin is the primary driver of revenue changes, with significant contributions also from the Delaware Basin. The 'Other' category, despite its smaller scale, showed a considerable increase in 2021 that could indicate diversification or increased activity in other areas.