Diamondback Energy (FANG) Revenue — Quarter Ended Dec 31, 2023
Revenue for the quarter declined from the prior quarter but rose compared to the same quarter a year earlier. The filing notes a capital budget for the upcoming year and no debt maturities in the near term.
Key takeaway
Quarter ended Dec 31, 2023 · FY2023 Q4
Revenue for the quarter declined from the prior quarter but rose compared to the same quarter a year earlier. The filing notes a capital budget for the upcoming year and no debt maturities in the near term.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$2.2B
Revenue reported for this quarter.
Quarter-over-quarter
-4.8%
Change from the immediately preceding quarter.
Year-over-year
+9.8%
Change from the comparable year-ago quarter.
Trailing four quarters
$8.4B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Mar 31, 2023 | $1.9B | -19.4% |
| Jun 30, 2023 | $1.9B | -30.3% |
| Sep 30, 2023 | $2.3B | -4.0% |
| Dec 31, 2023 | $2.2B | +9.8% |
Revenue performance
The reported revenue decreased relative to the immediately preceding quarter, reflecting a sequential decline.
Quarterly comparison
Compared with the same quarter one year earlier, revenue increased. The preceding quarter's revenue was higher, leading to a sequential decrease.
What to watch
The company's filing highlights a capital budget for the upcoming year and indicates no debt maturities in the near term.