Diamondback Energy Inc (FANG) |
|
|
|
Diamondback Energy Inc's Customers Performance
FANG
|
FANG's Source of Revenues |
In the Q4, Diamondback Energy Inc 's corporate clients experienced a decline by -11.18 % in their costs of revenue, compared to a year ago, sequentially costs of revenue grew by 0.32 %. During the corresponding time, Diamondback Energy Inc recorded revenue increase by 9.75 % year on year, sequentially revenue fell by -4.79 %. While revenue at the Diamondback Energy Inc 's corporate clients fell by -13.25 % year on year, sequentially revenue grew by 80 %.
• List of FANG Customers
|
|
Customers of Diamondback Energy Inc saw their costs of revenue decline by -11.18 % in Q4 compare to a year ago, sequentially costs of revenue grew by 0.32 %, for the same period Diamondback Energy Inc recorded revenue increase by 9.75 % year on year, sequentially revnue fell by -4.79 %.
• List of FANG Customers
Select the Relationship:
|
|
Select the Category:
|
|
Customers Net Income grew in Q4 by |
Customers Net margin grew to |
121.81 % |
5.36 % |
Diamondback Energy Inc's Comment on Sales, Marketing and Customers
We typically sell production to a relatively small number of customers, as is
customary in the exploration, development and production business. Three purchasers
each accounted for more than 10% of our revenue: Shell Trading (US) Company (45%);
Koch Supply & Trading LP (15%); and Enterprise Crude Oil LLC (13%).
We have entered into an oil purchase agreement with Shell Trading (US) Company
in which we agreed to sell specified quantities of oil to Shell Trading (US)
Company. Our agreement with Shell Trading (US) Company has an initial term of
five years ending September 30, 2018. The agreement may also be terminated by
Shell Trading (US) Company by written notice to us in the event that Shell Trading
(US) Company’s contract for transportation on the pipeline is terminated.
Our maximum delivery obligation under this agreement is 8,000 gross barrels
per day. We have a one-time right to elect to decrease the contract quantity
by not more than 20% of the then-current quantity. This decreased contract quantity,
if elected, would be effective for the remainder of the term of the agreement.
Shell Trading (US) Company has agreed to pay to us the price per barrel of oil
based on the arithmetic average of the daily settlement price for “Light
Sweet Crude Oil” Prompt Month future contracts reported by the NYMEX over
the one-month period, as adjusted based on adjustment formulas specified in
the agreement. If we fail to deliver the required quantities of oil under the
agreement during any three-month period following the service commencement date,
we have agreed to pay Shell Trading (US) Company a deficiency payment, which
is calculated by multiplying (i) the volume of oil that we failed to deliver
as required under the agreement during such period by (ii) Magellan’s
Longhorn Spot tariff rate in effect for transportation from Crane, Texas to
the Houston Ship Channel for the period of time for which such deficiency volume
is calculated.
|
Diamondback Energy Inc's Comment on Sales, Marketing and Customers
We typically sell production to a relatively small number of customers, as is
customary in the exploration, development and production business. Three purchasers
each accounted for more than 10% of our revenue: Shell Trading (US) Company (45%);
Koch Supply & Trading LP (15%); and Enterprise Crude Oil LLC (13%).
We have entered into an oil purchase agreement with Shell Trading (US) Company
in which we agreed to sell specified quantities of oil to Shell Trading (US)
Company. Our agreement with Shell Trading (US) Company has an initial term of
five years ending September 30, 2018. The agreement may also be terminated by
Shell Trading (US) Company by written notice to us in the event that Shell Trading
(US) Company’s contract for transportation on the pipeline is terminated.
Our maximum delivery obligation under this agreement is 8,000 gross barrels
per day. We have a one-time right to elect to decrease the contract quantity
by not more than 20% of the then-current quantity. This decreased contract quantity,
if elected, would be effective for the remainder of the term of the agreement.
Shell Trading (US) Company has agreed to pay to us the price per barrel of oil
based on the arithmetic average of the daily settlement price for “Light
Sweet Crude Oil” Prompt Month future contracts reported by the NYMEX over
the one-month period, as adjusted based on adjustment formulas specified in
the agreement. If we fail to deliver the required quantities of oil under the
agreement during any three-month period following the service commencement date,
we have agreed to pay Shell Trading (US) Company a deficiency payment, which
is calculated by multiplying (i) the volume of oil that we failed to deliver
as required under the agreement during such period by (ii) Magellan’s
Longhorn Spot tariff rate in effect for transportation from Crane, Texas to
the Houston Ship Channel for the period of time for which such deficiency volume
is calculated.
FANG's vs. Customers, Data
(Revenue and Income for Trailing 12 Months, in Millions of $, except Employees)
COMPANY NAME |
MARKET CAP |
REVENUES |
INCOME |
EMPLOYEES |
Diamondback Energy Inc |
35,209.21 |
8,412.00 |
3,336.00 |
870 |
Centerpoint Energy Inc |
18,029.80 |
8,696.00 |
917.00 |
12,901 |
Conocophillips |
153,930.13 |
56,141.00 |
10,957.00 |
9,900 |
Devon Energy Corp |
32,157.61 |
15,412.00 |
3,825.00 |
1,600 |
Empire Petroleum Corporation |
107.24 |
40.08 |
-12.47 |
0 |
Entergy Corporation |
22,435.92 |
12,147.41 |
2,362.31 |
12,369 |
Exxon Mobil Corporation |
470,843.91 |
344,582.00 |
37,354.00 |
63,000 |
Marathon Oil Corporation |
17,203.27 |
6,697.00 |
1,554.00 |
1,531 |
Nisource Inc |
12,366.64 |
0.00 |
0.00 |
0 |
Occidental Petroleum Corporation |
78,254.63 |
28,257.00 |
5,619.00 |
11,678 |
Sunoco Lp |
6,444.56 |
23,068.00 |
824.00 |
22,500 |
Valero Energy Corp |
60,515.50 |
144,766.00 |
9,149.00 |
9,813 |
Williams Companies Inc |
47,603.35 |
10,907.00 |
3,303.00 |
4,783 |
Xcel Energy Inc |
29,654.60 |
25,652.00 |
1,771.00 |
11,321 |
Public Service Enterprise Group Incorporated |
33,363.96 |
11,237.00 |
2,563.00 |
12,684 |
Pg and e Corp |
35,786.59 |
24,428.00 |
2,256.00 |
26,000 |
Cms energy Corporation |
17,561.64 |
6,921.00 |
886.00 |
9,778 |
Dte Energy Co |
23,174.49 |
12,745.00 |
1,397.00 |
10,300 |
Murphy Oil Corporation |
7,164.28 |
3,460.15 |
723.68 |
1,712 |
Sitio Royalties Corp |
3,802.55 |
526.21 |
99.73 |
1,745 |
Wec Energy Group Inc |
25,914.50 |
8,893.00 |
1,331.70 |
6,938 |
Eqt Corporation |
15,242.90 |
6,908.92 |
1,734.54 |
693 |
Southwestern Energy Company |
8,370.26 |
6,522.00 |
1,557.00 |
2,781 |
Intercontinental Exchange Inc |
77,669.27 |
10,222.00 |
2,438.00 |
8,858 |
Ameren Corporation |
19,452.49 |
7,500.00 |
1,157.00 |
9,116 |
Loews Corp |
17,848.63 |
15,901.00 |
1,545.00 |
10,340 |
Sea Limited |
29,976.62 |
12,449.71 |
-1,657.77 |
5,900 |
Phillips 66 |
74,020.03 |
147,399.00 |
7,239.00 |
14,000 |
Oneok Inc |
38,885.38 |
17,677.00 |
2,659.00 |
2,847 |
Kinder Morgan Inc |
41,368.81 |
15,334.00 |
2,486.00 |
10,529 |
Eversource Energy |
20,978.32 |
11,910.71 |
-434.72 |
9,227 |
Mdu Resources Group Inc |
5,148.09 |
4,657.34 |
414.71 |
9,598 |
Pdc Energy Inc |
6,524.40 |
4,220.27 |
1,850.54 |
395 |
Adams Resources and Energy Inc |
70.56 |
2,745.29 |
0.21 |
645 |
Ngl Energy Partners Lp |
763.19 |
7,375.81 |
60.41 |
2,700 |
Delek Us Holdings Inc |
2,016.96 |
16,917.40 |
46.70 |
1,326 |
Bp Plc |
666,894.85 |
213,032.00 |
15,880.00 |
0 |
SUBTOTAL |
2,121,545.92 |
1,245,348.30 |
123,855.58 |
319,508 |
|