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Diamondback Energy Inc   (FANG)
Other Ticker:  
 
    Sector  Energy    Industry Oil And Gas Production
   Industry Oil And Gas Production
   Sector  Energy


Diamondback Energy Inc 's Gross Profit Margin by quarter

Trends, Rankings, Statistics



FANG Gross Profit Margin (Dec 31 2023)
IV. Quarter
(Sep 30 2023)
III. Quarter
(Jun 30 2023)
II. Quarter
(Mar 31 2023)
I. Quarter
(Dec 31 2022)
IV. Quarter
Y / Y Revenue Change 9.75 % -3.98 % -30.67 % -20.06 % 0.4 %
Seq. Revenue Change -4.79 % 21.94 % -0.31 % -5.17 % -16.7 %
Revenue In Millions $2,228.00 $2,340.00 $1,919.00 $1,925.00 $2,030.00
Gross Profit Margin - 96.88 % 96.46 % - -
Gross Profit Margin Total Ranking # 67 # 866 # 976 # 832 # 317
Gross Profit In Millions $2,258.00 $2,267.00 $1,851.00 $1,925.00 $2,146.00
Y / Y Gross Profit Change - -4.18 % -32.57 % - -
Seq. Gross Profit Change - 22.47 % -3.84 % - -


Commenting fourth Quarter 2023 Gross Profit Margin
Diamondback Energy Inc increased Gross Profit Margin through reduction in Cost of Sales and despite contraction in Gross Profit by -0.4 % and Revenue by -4.79 %. Gross Profit Margin in IV. Quarter was 101.35 %, above company average.

Observing fourth quarter 2023 results within Oil And Gas Production industry 2 other companies have achieved higher Gross Profit Margin. While Gross Profit Margin total ranking has impoved so far to 67, from total ranking in previous quarter at 866.
Learn about Gross Margin
FANG's Gross Profit Margin fourth quarter 2023 Company Ranking
Within: No.
Oil And Gas Production Industry # 3
Energy Sector # 3
Overall # 67

Gross Profit Margin Statistics
High Average Low
135.7 % 93.66 % 75.98 %
(Dec 31 2018)   (Mar 31 2016)




Other Gross Profit Margin Profitability Ratios
FANG's Cumulative Gross Profit Margin
Oil And Gas Production Industry Gross Profit Margin Trends and Statistics
Energy Sector Gross Profit Margin Statistics
Gross Profit Margin Profitability Trends for overall market
FANG's Gross Profit Margin Profitability versus Oil And Gas Production Industry, Energy Sector and total Market
Highest Ranking Gross Profit Margin
Lowest Ranking Gross Profit Margin
Gross Profit Margin Profit Margin for FANG's Competitors
Gross Profit Margin Profit Margin for Diamondback Energy Inc 's Suppliers
Gross Profit Margin Profit Margin for FANG's Customers

You may also want to know
FANG's Annual Growth Rates FANG's Profitability Ratios FANG's Asset Turnover Ratio FANG's Dividend Growth
FANG's Roe FANG's Valuation Ratios FANG's Financial Strength Ratios FANG's Gross Profit Growth
FANG's Roa FANG's Inventory Turnover Ratio FANG's Growth Rates FANG's Dividend Comparisons


Companies with similar Gross Profit Margin in the quarter ending Dec 31 2023, within Oil And Gas Production Industry Gross Profit MarginDec 31 2023 MRQ Gross ProfitDec 31 2023 MRQ Revenue
Southwestern Energy Company  200.06 %$ 3,385.000 $ 1,692.000 
Vital Energy inc   101.49 %$ 451.153 $ 444.521 
Diamondback Energy Inc   101.35 %$ 2,258.000 $ 2,228.000 
Altex Industries Inc  100.00 %$ 0.006 $ 0.006 
Black Stone Minerals L p   100.00 %$ 190.841 $ 190.841 
Canadian Natural Resources Limited  100.00 %$ 27,551.488 $ 27,551.488 
Crescent Energy Company  100.00 %$ 657.728 $ 657.728 
Cenovus Energy Inc   100.00 %$ 39,988.264 $ 39,988.264 
Dorchester Minerals L p   100.00 %$ 50.419 $ 50.419 
Vaalco Energy Inc  100.00 %$ 149.154 $ 149.154 
Eog Resources Inc   100.00 %$ 6,357.000 $ 6,357.000 
Epsilon Energy Ltd   100.00 %$ 8.563 $ 8.563 
Granite Ridge Resources Inc   100.00 %$ 106.798 $ 106.798 
Gran Tierra Energy Inc   100.00 %$ 152.944 $ 152.944 
Kosmos Energy ltd   100.00 %$ 507.765 $ 507.765 
Kimbell Royalty Partners lp  100.00 %$ 99.196 $ 99.196 
Magnolia Oil and Gas Corp  100.00 %$ 322.628 $ 322.628 
Marathon Oil Corporation  100.00 %$ 1,691.000 $ 1,691.000 
Mexco Energy Corporation  100.00 %$ 1.656 $ 1.656 
Pedevco Corp   100.00 %$ 6.742 $ 6.742 
Sandridge Energy Inc   100.00 %$ 33.926 $ 33.926 
Shell Plc  100.00 %$ 316,620.000 $ 316,620.000 
Tellurian Inc   100.00 %$ 39.956 $ 39.956 
Mammoth Energy Services Inc   100.00 %$ 117.489 $ 117.489 
Vermilion Energy inc   100.00 %$ 1,538.022 $ 1,538.022 
Viper Energy Inc   100.00 %$ 204.712 $ 204.712 
Vitesse Energy Inc   100.00 %$ 69.302 $ 69.302 
W and t Offshore inc   100.00 %$ 132.339 $ 132.339 
Riley Exploration Permian Inc   99.77 %$ 99.597 $ 99.829 
Ring Energy Inc   99.54 %$ 99.486 $ 99.943 




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