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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 Operating Profit Margin by quarter

Trends, Rankings, Statistics



FANG Operating 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
Operating Profit Margin 54.08 % 57.26 % 52.11 % 53.25 % 61.87 %
Operating Profit Margin Total Ranking # 251 # 193 # 231 # 235 # 331
Operating Income In Millions $1,205.00 $1,340.00 $1,000.00 $1,025.00 $1,256.00
Y / Y Operating Income Change -4.06 % -16.98 % -49.44 % -38.25 % -4.2 %
Seq. Operating Income Change -10.07 % 34 % -2.44 % -18.39 % -22.18 %


Commenting fourth Quarter 2023 Operating Profit Margin
Diamondback Energy Inc experienced contraction in Operating Income by -10.07 % to $2,228 millions and Revenue by -4.79 %, while Operating Profit Margin fell to 54.08 %, above company's average Operating Profit Margin.

Observing fourth quarter 2023 results within Oil And Gas Production industry 16 other companies have achieved higher Operating Profit Margin. While Operating Profit Margin overall ranking has deteriorated compare to previous quarter from 193 to 251.
Explain Operating Margin
FANG's Operating Profit Margin fourth quarter 2023 Company Ranking
Within: No.
Oil And Gas Production Industry # 17
Energy Sector # 19
Overall # 251

Operating Profit Margin Statistics
High Average Low
108.7 % 44.28 % 1.42 %
(Dec 31 2018)   (Mar 31 2015)




Other Operating Profit Margin Profitability Ratios
FANG's Cumulative Operating Profit Margin
Oil And Gas Production Industry Operating Profit Margin Trends and Statistics
Energy Sector Operating Profit Margin Statistics
Operating Profit Margin Profitability Trends for overall market
FANG's Operating Profit Margin Profitability versus Oil And Gas Production Industry, Energy Sector and total Market
Highest Ranking Operating Profit Margin
Lowest Ranking Operating Profit Margin
Operating Profit Margin Profit Margin for FANG's Competitors
Operating Profit Margin Profit Margin for Diamondback Energy Inc 's Suppliers
Operating 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 Operating Income Growth
FANG's Roa FANG's Inventory Turnover Ratio FANG's Growth Rates FANG's Dividend Comparisons


Companies with similar Operating Profit Margin in the quarter ending Dec 31 2023, within Oil And Gas Production Industry Operating Profit MarginDec 31 2023 MRQ Operating IncomeDec 31 2023 MRQ Revenue
Totalenergies Se  115.51 %$ 230,779.000 $ 199,787.000 
Canadian Natural Resources Limited  92.06 %$ 25,364.558 $ 27,551.488 
Dorchester Minerals L p   89.63 %$ 45.193 $ 50.419 
Shell Plc  85.32 %$ 270,147.000 $ 316,620.000 
Cenovus Energy Inc   82.25 %$ 32,892.040 $ 39,988.264 
Texas Pacific Land Corporation  80.32 %$ 133.863 $ 166.657 
Black Stone Minerals L p   77.34 %$ 147.602 $ 190.841 
Pioneer Natural Resources Co  70.81 %$ 3,695.000 $ 5,218.000 
Amplify Energy Corp   70.07 %$ 55.345 $ 78.985 
Viper Energy Inc   69.86 %$ 143.011 $ 204.712 
Cnx Resources Corporation  69.04 %$ 668.832 $ 968.765 
Northern Oil And Gas Inc   61.00 %$ 484.044 $ 793.518 
Gulfport Energy Corp  57.76 %$ 282.493 $ 489.108 
Gran Tierra Energy Inc   54.79 %$ 83.791 $ 152.944 
Mach Natural Resources Lp  54.56 %$ 291.027 $ 533.451 
Vaalco Energy Inc  54.27 %$ 80.939 $ 149.154 
Diamondback Energy Inc   54.08 %$ 1,205.000 $ 2,228.000 
Ckx Lands Inc   51.96 %$ 0.359 $ 0.690 
Vermilion Energy inc   51.86 %$ 797.691 $ 1,538.022 
Sm Energy Co  50.91 %$ 309.911 $ 608.726 
Enerplus Corporation  46.75 %$ 792.030 $ 1,694.333 
Occidental Petroleum Corporation  45.73 %$ 3,280.000 $ 7,172.000 
Magnolia Oil and Gas Corp  42.80 %$ 138.086 $ 322.628 
Ring Energy Inc   40.92 %$ 40.898 $ 99.943 
Eog Resources Inc   39.39 %$ 2,504.000 $ 6,357.000 
California Resources Corp  38.98 %$ 283.000 $ 726.000 
Sandridge Energy Inc   38.27 %$ 12.983 $ 33.926 
Chesapeake Energy Corporation  37.27 %$ 726.000 $ 1,948.000 
Petrobras Petroleo Brasileiro Sa  37.14 %$ 38,033.000 $ 102,409.000 
Coterra Energy Inc   36.15 %$ 577.000 $ 1,596.000 




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